Key Utilitarian Ethical Problem For The Pacemaker s...

Introduction Business owners are faced with situations that require decisions to be made from a consequentialist perspective. The utilitarianism ethical theory, based on the philosophical views of Jeremy Bentham and John Stuart Mill in the mid-1800s, can be used to make decisions that provide the most benefits to most people (sevenoaksphilosophy.org, 2013). This paper will examine the Shanks (1996) case concerning the sole provider of transistors for pacemakers from a utilitarianism view point to determine a course of action the company should take to resolve the issues. Bentham’s utilitarian perspectives will be applied to determine the resolution. The problems will also be run through the ethical tests of utility and common good (Hamilton, 2012). The test results will be compared and contrasted to determine which is the most informative. Key Utilitarian ethical problem for the Pacemaker’s Transistor Supplier Utilitarian theory defines the action taken should lead to the greatest happiness of the greatest number of people (sevenoaksphilosophy.org, 2013). Based on this concept the pacemaker’s transistor supplier has to decide who benefits the most from their product, the shareholder or the people in need of pacemakers. Since the profitability of the company is sole purpose as to why the company exists, the shareholders hold a high priority in the decision making. There are only a small percentage of the people who require a pacemaker which makes them a low priority whenShow MoreRelatedEthical Ethics : Utilitarian Ethics1834 Words   |  8 PagesUtilitarian Ethics Abstract Ethics are a set of acceptable principles that guide the way individuals should act in a given situation. Utilitarian Ethics is morally right acts that bring the most happiness to individuals. For instance, utilitarian ethics main focus is happiness and what decision will produce the maximum amount of happiness for everyone involved. Jeremy Bentham believed that individuals were governed by two masters, which are pleasure and pain. The utility test helps individualsRead MoreUtilitarian Ethics1587 Words   |  6 PagesUtilitarian Ethics Introduction Utilitarianism is an ideological theory introduced by Jeremy Bentham in the late 1780s to assist in solving the recurrent and adverse ethical cases, which confronted institutions, organizations/companies, as well as the society. The utilitarianism is an idea that the overall utility contribution of an action, solely determines the moral worth of that action, that is, the general perception by the public on the contribution of such action to peoples pleasure or happinessRead MoreEth 501 : Business Ethics2119 Words   |  9 Pages2015 Introduction Utilitarian is one of the most powerful and persuasive approaches to ethics and moral rights. It is normally held to be the view that morally right action is the actions that produces the most good. I will be discussing the utilitarian ethics in regards to The Case of Sole Remaining Supplier. What do you believe is/are the key utilitarian ethical problems confronting the supplier/transistor company in this case? Utilitarianism is an ethical view that is consequentialist