SMG SM 131 Lecture Notes - Lecture 1: Mark Zuckerberg, Society Of Jesus, Immanuel Kant
9 Apr 2017
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Approach to ethical dilemmas is to bring the greatest good to the greatest number of people. cost-benefit analysis. Critiques: fails to respect individual rights, places the same value on everyones happiness, focuses on outcome and not motives. Ford pinto: cost to repair would outweigh cost to do nothing, and therefore many people died. decision: deontology, libertarianism. Immanuel kant the best decision are those motivated by a sense of duty, not by the result of the. Critiques: not concerned with consequences, most struggle to follow rules strictly concerned with motive. Ford pinto would have changed the design of the trunk. categorical imperative: Milton friedman- shareholder freedom of individual choice, and respecting this freedom in others, is key to determining the right decision. Critiques: there is too much focus on the interest of the individual and not of society the framework is inconsistent with csr or stakeholder theory.
