1. The Oxymoron of Business Ethics
... Utilitarianism follows the idea of consequentialism. In terms of business, Utilitarianism ethics and shareholders' value maximization are two things that can co-exist together. Let's take a clothing company for example. If the company wants to fulfill its ultimate purpose which is shareholders' value maximization, it must stay competitive. In order to stay competitive the company must cover its demand for ... and value maximization. But these two things are hypothetical imperatives. Profit and value maximization are things that cannot be universalized. Therefore, business according to K...
- Word Count: 2690
- Approx Pages: 11