Business Ethics Reflection

Question: Discuss about theBusiness Ethics for Reflection. Answer: Introduction Ethical leadership is perhaps one of the mostly hardly available but majorly important business assets. This is something, which differentiates the working principle of one from another. Ethical behaviours are guided by some ethical rules and regulations that come in the form of ethical theories. Some of the most important ethical theories are such as Utilitarianism and consensus. Ethical theories do guide a theoretical guideline on the understanding of business processing. The applicability and the success of eh mentioned theories depend heavily on its feasibility to the practices (Crane Matten, 2016). The main purpose of this assignment is to put forward some reflective content on the consensus approach. The assignment also tries to judge the rightness of the applied act utilitarianism in the provided mini case study. Reflection Consensus is a dynamic way of selecting the best and the suitable out of the mass options. One of the simplest examples of such approach can be understood from the election scenarios where people generally make someone win by giving them bulk number of votes. However, consensus form of approach teaches on selecting the right candidate for the irrespective kinds of groups (Stanwick Stanwick, 2013). One of the examples of such incident did also occur in my life when I got a chance to vote for the General Secretary in my college. The voting was phenomenal from the perspectives of participants but was low in standard from the perspectives of consensus approach. This is because of the fact that the most of the participants did only vote favouring the popularity of the selected person for the post of general secretary (Barry, 2016). The results could have been different if the selection was made following the guidance of consensus approach. Moreover, consensus approach teaches on how to s elect the best person or a group, which is profitable for the entire humanity. The consensus approach educates on compromising for the betterment of others. This is why it indicates towards the selection of those only, which are good from the societal perspectives. Consensus approach is difficult to those who are corrupted or close to the corrupt people but no to those who want justice. The one incident that took place in my college did teach me may a thing about the reality of existing life and the scenarios of an ideal life, which could be attained with the application of consensus approach (Weiss, 2014). Effectiveness of the Application of act Utilitarianism The imaginary student response does evaluate the mini case study effectively in most of the cases. It shows the application of act Utilitarianism effectively in the answers. It is showing the positive approach in all the aspects as it supports tries to supports the views of both the Stephen and Ralph. It tries to look on the positive part of both the stakeholders by showing and making different analysis from different perspectives of evaluation (Jennings, 2014). It highlights a positive outcome from the beliefs of both Ralph and Stephen. Showing positive attitude towards the humanity is what Utilitarianism teaches. This is exactly what the imaginary responses have tried to find. In addition to this, it also includes some additional information, which is not relevant to the act utilitarianism theory. The answers however lacks in the complete adherence of the Utilitarianism theory. This is one of those points, which are lowering the standard of answers. Apart from this, it also include s the judgement of hypothetical decisions based on rule Utilitarianism, which could have taken place. This is another point, which violates the adherence of the Utilitarianism theory. The answers could have been better if it would have been around the act Utilitarianism only. However, the imaginary students went on to consider some other types of business ethics such as rule Utilitarianism (Hoffman, Frederick Schwartz, 2014). Missing Items Things, which are missing in the depicted answers is the complete adherence of the Utilitarianism theory. The answers have also included negative impacts of the case scenario, which should never been included while answering the content with the help of Utilitarianism theory. Moreover, the Utilitarianism theory does speak about the positive outcomes only. It rather believes in imparting positive outcomes, which could satisfy the soul of humanity. The unnecessary inclusion of the probable negative outcome of the actions is nothing but the violation of Utilitarianism theory (Hartman et al., 2014). Unnecessarily Included Item Things, which should not have been the part of the imaginary answers is the inclusion of judgement on the decision made by Ralph. The imaginary students tried to answer the decision of Ralph, which is n some other ways the following of rule Utilitarianism. Moreover, rule Utilitarianism also guides to the positive outcome but it builds up the answers based on positivity with the help of direct derivation of rules. The derivation of results with the help of derived rules is nothing but the following of rule Utilitarianism theory (DesJardins McCall, 2014). Concluson Business ethics are very important from an organizational as well as from societal perspectives. This is something, which guides to an utter following of ethical guidelines, which helps bring the happiness to all the surroundings. The business ethics are of several kinds such as Utilitarianism and Consensus. The consensus approach is more quality oriented, which seeks the betterment of the entire humanity. In course of this, it also selects the best option, which could bring happiness to all. On a same note, Utilitarianism teaches the importance of happiness in someones lives. Utilitarianism is of two kinds such as act Utilitarianism and rule Utilitarianism. This assignment generally covers the application of act Utilitarianism in the mini case provided. However, it also shows the application of rule Utilitarianism in some part of the imaginary student response. Moreover, the morale of the assignment was to establish the importance of business ethics in the modern day activities. The following of ethical theories construct the foundation of leadership in organizations. Ethical guidelines are important to have streamlined business in accordance to the betterment of humanity. References Barry, N. (2016).Business ethics. Springer. Crane, A., Matten, D. (2016).Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press. DesJardins, J. R., McCall, J. J. (2014).Contemporary issues in business ethics. Cengage Learning. Hartman, L. P., DesJardins, J. R., MacDonald, C., Hartman, L. P. (2014).Business ethics: Decision making for personal integrity and social responsibility. New York: McGraw-Hill. Hoffman, W. M., Frederick, R. E., Schwartz, M. S. (Eds.). (2014).Business ethics: Readings and cases in corporate morality. John Wiley Sons. Jennings, M. M. (2014).Business ethics: Case studies and selected readings. Cengage Learning. Stanwick, P., Stanwick, S. D. (2013).Understanding business ethics. Sage. Weiss, J. W. (2014).Business ethics: A stakeholder and issues management approach. Berrett-Koehler Publishers.