BSB111 Business Law and Ethics
ETHICS CASE STUDY
INDIVIDUAL REPORT
Student: Jack Taylor
Student Number: N9823905
Tutor: Clark Taylor
Word count: 1203
Date: 24/08/16
Utilitarianism
Analysing with a utilitarian view involves identifying the stakeholders involved, predicting the effect on the stakeholder’s happiness as a consequence of the action and determining if the action increases net happiness (West 2016). Installing the defeat device in diesel engines affects a variety of stakeholders. These include the consumers who have purchased the car, Volkswagen, the creator of the device or software and also the general public as the environment is being polluted at a higher rate
Stakeholder Effect on happiness
Consumers -20 …show more content…
Character related virtues are also needed; such as justice, which means not making money for himself, truthfulness would be giving the clients the right information. In the article it is obvious that Nguyen’s behaviour displays several vices. For example, the deficiency of truthfulness is lying (Blogspot, 2016) as he intentionally gave client’s high-risk advice on investments. He showed greed because he used clients to benefit his own needs like gaining a bonus. Lastly, he demonstrated cowardice, as he was afraid of losing his …show more content…
The first of these levels is the pre-conventional level that can be divided into two stages, which are obedience and punishment and also individualism and exchange. The following conventional morality stage involves the society and its roles when judging the morality of an action. The final level is post-conventional which includes with the universal principals that relate to the action. (Sincero, 2012)
In the provided article it is not made obvious what the reasoning is behind his action. However, the information given by Jeff Morris and other whistle-blowers indicate that Nguyen’s situation reflects both of the stages of the pre-conventional level of Kohlberg’s theory of moral development. Stage 1 focuses on a person’s behaviour being driven by avoiding punishment in any given situation. This is displayed in Nguyen’s position as he manipulating clients into investing in high-risk products in order to avoid “getting the sack”. Stage 2 involves someone being influenced by self-interest and possibly receiving rewards for their work or actions (Sincero 2012). This stage relates to the case as financial advisors of CFA, including Nguyen, proposed high-risk advice to increase the probability of them earning
ETHICS CASE STUDY
INDIVIDUAL REPORT
Student: Jack Taylor
Student Number: N9823905
Tutor: Clark Taylor
Word count: 1203
Date: 24/08/16
Utilitarianism
Analysing with a utilitarian view involves identifying the stakeholders involved, predicting the effect on the stakeholder’s happiness as a consequence of the action and determining if the action increases net happiness (West 2016). Installing the defeat device in diesel engines affects a variety of stakeholders. These include the consumers who have purchased the car, Volkswagen, the creator of the device or software and also the general public as the environment is being polluted at a higher rate
Stakeholder Effect on happiness
Consumers -20 …show more content…
Character related virtues are also needed; such as justice, which means not making money for himself, truthfulness would be giving the clients the right information. In the article it is obvious that Nguyen’s behaviour displays several vices. For example, the deficiency of truthfulness is lying (Blogspot, 2016) as he intentionally gave client’s high-risk advice on investments. He showed greed because he used clients to benefit his own needs like gaining a bonus. Lastly, he demonstrated cowardice, as he was afraid of losing his …show more content…
The first of these levels is the pre-conventional level that can be divided into two stages, which are obedience and punishment and also individualism and exchange. The following conventional morality stage involves the society and its roles when judging the morality of an action. The final level is post-conventional which includes with the universal principals that relate to the action. (Sincero, 2012)
In the provided article it is not made obvious what the reasoning is behind his action. However, the information given by Jeff Morris and other whistle-blowers indicate that Nguyen’s situation reflects both of the stages of the pre-conventional level of Kohlberg’s theory of moral development. Stage 1 focuses on a person’s behaviour being driven by avoiding punishment in any given situation. This is displayed in Nguyen’s position as he manipulating clients into investing in high-risk products in order to avoid “getting the sack”. Stage 2 involves someone being influenced by self-interest and possibly receiving rewards for their work or actions (Sincero 2012). This stage relates to the case as financial advisors of CFA, including Nguyen, proposed high-risk advice to increase the probability of them earning