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Ethics: Two Perspectives

Ethics: Two Perspectives. In both business and marketing it is important to be ethical ( it’s also important to be in ethical in life).

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Ethics: Two Perspectives

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  1. Ethics: Two Perspectives

  2. In both business and marketing it is important to be ethical ( it’s also important to be in ethical in life). • In the short term, making unethical decisions may make your company some extra money or increase your market share, but making ethical marketing decisions can save your company from going bankrupt in the long term. • People tend to support businesses who make ethical decisions.

  3. While there are many ethical perspectives we will be focussing on two: • Deontological Ethics • Utilitarian Ethics

  4. Deontological Ethics • The deontological theory states that people should adhere to their obligations and duties when analyzing an ethical dilemma. • This means that a person will follow his or her obligations to another individual or society because upholding one's duty is what is considered ethically correct

  5. Deontological Ethics (Weaknesses) • One weakness of this theory is that there is no rationale or logical basis for deciding an individual's duties. • Since deontology is not based on the context of each situation, it does not provide any guidance when one enters a complex situation in which there are conflicting obligations 

  6. Utilitarian Ethics • The utilitarian ethical theory is founded on the ability to predict the consequences of an action. • One benefit of this ethical theory is that the utilitarian can compare similar predicted solutions and use a point system to determine which choice is more beneficial for more people.

  7. Utilitarian Ethics • There are two types of utilitarians • Act Utilitarians • the choice that yields the greatest benefit to the most people is the choice that is ethically correct. • Rule Utilitarians • takes into account the law and is concerned with fairness. A rule utilitarian seeks to benefit the most people but through the fairest and most just means available.

  8. Utilitarian Ethics (Weaknesses) • Inherent in both are the flaws associated with predicting the future. • Although people can use their life experiences to attempt to predict outcomes, no human being can be certain that his predictions will be true.

  9. Utilitarian Ethics (Weaknesses) • This uncertainty can lead to unexpected results making the utilitarian look unethical as time passes because his choice did not benefit the most people as he predicted. • Another failing is that a utilitarian must make an assumption that he has the ability to compare the various types of consequences against each other on a similar scale. ( ex: gaining money or happiness)

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