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SVTPerformance's Chain of Restaurants
Road Side Pub
**** YOU, GM. Just die.
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<blockquote data-quote="BigPoppa" data-source="post: 16229042" data-attributes="member: 177587"><p>I should have mentioned this in my previous post, but....</p><p></p><p>Companies tend to use utilitarianism logic in determining how their business should approach ethics.</p><p></p><p>For those of you who don't know what utilitarianism is, let me explain briefly.</p><p></p><p>It is an ethics theory that determines if something is ethical based on how much happiness the action brings.</p><p></p><p>In cases of business, they determine happiness as a financial. The more profit made, the more ethically justified their actions are.</p><p></p><p>For instance, Apple made the determination that a software update which damaged older wifi chips in some of their earlier phones was more ethically responsible to it's shareholders because the owners of the broken phones would spend more money to replace the phones as opposed to how much Apple would have to pay out in class action lawsuits.</p><p></p><p>Unfortunately, many companies and municipalities try to apply only one ethical theory to justify their actions. True ethics applies a mix of several theories, though, not just utilitarianism.</p><p></p><p>Thus we're back to the airbags. It's cheaper to not replace them and just pay out on the lawsuits if and when someone is killed and sues GM. This is the logic most CEOs apply, not just today, but has been so for years.</p><p></p><p>This is why I get a giggle when I hear about a company's ethics policy.</p></blockquote><p></p>
[QUOTE="BigPoppa, post: 16229042, member: 177587"] I should have mentioned this in my previous post, but.... Companies tend to use utilitarianism logic in determining how their business should approach ethics. For those of you who don't know what utilitarianism is, let me explain briefly. It is an ethics theory that determines if something is ethical based on how much happiness the action brings. In cases of business, they determine happiness as a financial. The more profit made, the more ethically justified their actions are. For instance, Apple made the determination that a software update which damaged older wifi chips in some of their earlier phones was more ethically responsible to it's shareholders because the owners of the broken phones would spend more money to replace the phones as opposed to how much Apple would have to pay out in class action lawsuits. Unfortunately, many companies and municipalities try to apply only one ethical theory to justify their actions. True ethics applies a mix of several theories, though, not just utilitarianism. Thus we're back to the airbags. It's cheaper to not replace them and just pay out on the lawsuits if and when someone is killed and sues GM. This is the logic most CEOs apply, not just today, but has been so for years. This is why I get a giggle when I hear about a company's ethics policy. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
**** YOU, GM. Just die.
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