Ethical Models/Rules/Views
There are many ethical models in our lives. First, in the utilitarian or consequential rule, the system of morality concerned with what is the most useful thing to do. Utilitarian social responsibility is to maximize profits. The utilitarian primary responsibility is to operate the business in the best interests of the stockholders, whose primary concerns are financial. Different utilitarian approaches to morality have emerged each with their own theory of good and community of concerning individuals. When utilitarian decides to spend the organization’s resources, they add to the cost of doing business, which have to be passed on to consumers through higher prices or absorbed by stockholders through smaller expenses. In addition, in the moral rights rule, the decision maintains and protects the fundamentals or inalienable rights and privileges of the people affected by it. The managers’ responsibilities go beyond making profits to include protecting and improving stakeholders’ welfare. This view is based on the belief that corporations are not independent entities responsible only to stockholders but have an obligation to the larger society. Managers are guided by social norms and values and make practical decisions about their actions. Because this definition is often vague and can vary from person-to-person and culture-to-culture, there are many debates about what can be considered a moral right. Last, in the theory of justice or legal rule, people treats all fairly and consistently in accord with ethical or legal standards. Distributive fairness is based on the outcomes received by individuals and their perceptions of these outcomes. Procedural fairness is based on the processes employed to reach decisions. Individuals evaluate the fairness of these processes in addition to the outcomes received. Interactional fairness relates to the