Compare And Contrast Ethical Approaches

1152 Words 5 Pages
Comparing Ethical Approaches
Nigel Floyd
BA500 Management
Dr. Diane Hamilton7/21/2015
Grantham University

Comparing Ethical Approaches Ethics is about good or bad, right or wrong for a given situation, decision making or an action. It is difficult to define ethics in a precise way, but can be referred to as "ethics is a code of moral principles and values that governs the behavior of person or group with respect to what is right or wrong" (Daft, 2010). Organizations conduct ethical training programs to inculcate ethical behavior among their employees. The employees who are aware of ethics may not reveal confidential data of the organization. Ethical training seeks to help people understand the ethical aspects of decision making and to incorporate high ethical standards into a daily behavior of employees (Schermerhorn & Bachrach, 2015). The objective of ethical training is to communicate ‘code of ethics’ for employees. The ‘code of ethics’ is a formal statement of organization’s values and ethical standards. This paper briefs about different theories of ethics, and it also compared these theories. One of the ethical theories is applied in a real-time business scenario.
Ethical Approaches The managers can consider an ethical approach when they
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Under this approach, a decision maker is expected to consider the effect of each decision alternative on all parties and select the one that optimizes the benefits for the greatest number of people (Daft, 2010). For example a manger who cuts 30 percent jobs to make an organization profitable and save remaining employees rather than experiencing business failure. The utilitarian approach is results-oriented view tries to access the moral implication of actions in terms of their consequences (Schermerhorn & Bachrach,

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