Professional Documents
Culture Documents
Ethical Principles in Business
Ethical Principles in Business
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UTILITARIANISM
•Conceived in the 19th century by Jeremy
Bentham and John Stuart Mill,
•the most popular in business: the cost-
benefit analysis in business is a form of this
theory.
•basis for the rightness of an action:
consequences or effect on all persons
affected (including the agent).
UTILITARIANISM
An action is right if and only if
the sum total benefits produced
by that act is greater than the
sum total benefits produced by
any other act the agent could
have performed in its place.
UTILITARIANISM
Two main limitations