Consequentialism
The following Course Outcome is assessed in this assignment:
GB590-1: Synthesize consequentialism theories within business conflicts of interest.
In the course overview, you learned that you will be using GVV as a foundation for a personal journey on relationship building and decision making based on your values. Why do you need to learn about ethical theories and frameworks? “Ethical Theories are attempts to provide a clear, unified account of what our ethical obligations are. They are attempts, in other words, to tell a single “story” about what we are obligated to do, without referring directly to specific examples” (Ethical Theory: Overview, 2022, para 1). Learning about select traditional ethics theories and incorporating this information into your decision-making process will help you to understand your decision-making processes in greater detail and enhance your ability to act in concert with your values.
In this assignment, you will be learning about consequentialism and applying this theory to a current example that you select for analysis. You will also be using your work with GVV so far in this analysis process
In a 3-7 page APA formatted paper excluding diagrams and other visual/oral aids as appropriate, address the following:
Section 1: Consequentialism- In this section you will be delving into this theory from a variety of perspectives. Using the relevant weekly readings and videos and at least 2 other scholarly sources provide an overview of this theory to include the following;
Definition, individual elements, or subsets of the main theory
Contributors to the development of this theory
Historical foundations for this theory, in other words, what societal elements or circumstances caused this theory to be developed?
What are the advantages and disadvantages of incorporating this theory into decision-making in the contemporary world?
Using your GVV based values and purpose profile, would this theory be in alignment with your decision making? Why or why not?
Section 2: Analysis of a current business situation or event
In this section you will be applying the work you completed in the prior section to a current business situation (current would be within the last 6 months) that is of interest to you from a business ethics conflict perspective. You may use a personal example, select from your own sources, or use the many business reporting sources in the university library
Based on your research and any practical experiences you may want to share, discuss the business and societal ramifications of conflicts of interest. Include at least two scholarly sources in addition to the relevant weekly readings/videos
Provide a summary of the business that you have selected for this analysis. Include but not limited to
Name
Industry
Values Vision, Mission, purpose
Public vs private
Financials
Size
National/International
Discuss why you selected this company. What was of interest to you?
Overview of the conflict(s) of interest that you have identified. Potential items to include;
Legal?
With company stated values and purpose?
Cultural Norms?
Your values and purpose (if you were affiliated with this company)?
Identification of possible causes of this/these conflict(s)
Section 3: Personal Application
If you were tasked with creating an action plan to create changes to company operating processes that would reduce the possibility of this issue reoccurring
Would you use consequentialism as a basis for decision making, advantages and disadvantages? Why or why not?
Present your values and purpose profile
How would you integrate your values and purpose into the action plan creation?
Articles to use for references
Articles and web resources:
Mohn, E. (2022). Consequentialism (ethics). Salem Press Encyclopedia.
Perego, M. (2021). Be wary of conflicts of interest: What to do when personal intersects with professional. Public Management, 2–4.
Wells, A. (2018). Harassment in the Workplace. Insurance Journal, 96(18), 6.
Consequentialism. (2019). Stanford Encyclopedia of Philosophy.
External link.
Conflict of interest explained: Types and examples. (2022). Investopedia.
External link.
Duignan, B. (2021, November 3). Trolley problem. Encyclopedia Britannica.
External link.
Ethical Theory: Overview. (2022). The Concise Encyclopedia of Business Ethics.
External link.
Kristenson, S. (2022). 37 Personal purpose statement examples and ideas. Happier Human.
External link.
Kwakyi, G. (2022). Create your life purpose statement template. The Musing Mind.
External link.
Pirie-Griffiths, O. (2021). Ethics explainer: Consequentialism. The Ethics Centre.
External link.
Staneart, D. (2022). Personal vision statement-personal vision statement generator. The Leaders Institute.
External link.
Utilitarianism and Consequentialism – The GM Bailout. (2018). Seven Pillars Institute.
External link.
Wallstreetmojo. (2022, September 22). Conflict of Interest.