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Business Law - business and society Essay Example

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Business Law - business and society

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“The utilitarian ethical theory is founded on the ability to predict the consequences of an action. According to this theory, the choice that yields the greatest benefit to the majority of people is ethically correct compared to the choice that only benefit the organisation as well as its financial gains,” (Rainbow N. The theory actually encourages the people to work towards the outcomes that will give an advantage to the majority of people likely to be affected by certain actions. Drawing from the case study of Moyuka, it can be noted that the decision given by the head of the quality department is not favourable to the majority of people likely to be affected by that particular action to suppress the investigation of such a critical issue. Indeed, being a manufacturer of cars, Moyuka has an obligation to ensure that they put the safety of the people first. This stance must not be sacrificed for financial gains at all costs since this will negatively impact on the safety of the people, both users and non users of the defective vehicles. Failure to do this will also negatively impact on the credibility of the organisation in the long run. As far as the concept of ethics is concerned, this theory should guide as a framework upon which car manufacturers should operate as they are supposed to give priority to the majority of the stakeholders who will be affected by their operations.In view of the utilitarian theory, the organisation ought to be guided by its values which are regarded as beliefs that often incline businesses to act in certain ways which are different from the others. Values range from financial, political as well as religious among others and these often shape the way an organisation operates towards the attainment of its goals. In pursuing these different values in business, there is need to take into consideration the concept of business ethics which is more concerned with serving the ends of human well being. In this case, it can be noted that Moyuka has deviated from its stated values whereby it is supposed to be seen taking a leading role in championing the cause of the well being of the human beings that will be affected by its operations. The following assertion concurs with the above argument, “values may not to be compromised for financial gain or short term expediency,” (DesJardins 2006:5). In this case, it can be noted that Moyuka has prioritised its financial gains at the

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preview essay on Business Law - business and society
  • Pages: 7 (1750 words)
  • Document Type: Essay
  • Subject: Unsorted
  • Level: Undergraduate
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