Business Ethics

Once you have a firm understanding of utilitarian ethics, review the following scenario and address the corresponding questions:

A new virus is rapidly spreading, causing a worldwide pandemic. Millions of people have died or have been hospitalized. Low-income communities, communities of color, the elderly, and those with health conditions have been disproportionately affected. Healthcare systems are crippled in many communities. Millions of people have lost their jobs. Entire business industries are devastated and/or sent into disarray as a result of the pandemic.

 

A vaccine was recently developed which proves highly effective in preventing the spread of the virus. Government officials are strongly encouraging people to take the vaccine, and many other organizations are even mandating a vaccine. Many people are skeptical of the long-term effects of the vaccine and/or feel pressure from the government, individuals, and other entities to receive the vaccine. Although data exists that supports the need for a vaccine in response to the damage being caused by the virus, a sizeable part of the population believe the numbers to be inflated; that people are overreacting; and that their personal rights are being infringed upon.

 

You are a leader in your organization, and you have a responsibility to turn profits and achieve organizational outcomes in addition to acting responsibly to protect your colleagues, employees, and external stakeholders, and maintain the health of your organization. You need to make a decision on how, or whether, you should implement a vaccine policy at your organization. As a leader, you need to consider the demographics, backgrounds, and beliefs that make up the internal and external stakeholders of your organization, and make a decision that is in the best interest for all internal and external stakeholders within your organization.

 

Complete an essay that addresses the following:

 

Describe and explain the key principles of utilitarian ethics, including ideas like higher-ordered pleasures and pains, act and rule utilitarianism, etc.. What is the role of utilitarian ethics in contemporary business?

Describe and explain the key principles of stakeholder management theory. What is the role of stakeholder management theory in contemporary business?

Explain how, or whether, managers/business leaders should implement a vaccination policy in response to the pandemic. Explain how your position positively and negatively affects those of different demographics (e.g., race, religion, sex, politics, age, ability, culture, values, etc.). Provide in-text citations from objective resources to support your approach.

How does your position positively and negatively affect individuals and certain groups of employees within the organization? Provide in-text citations from objective resources to support your approach.

How does your position positively and negatively affect the organization as a whole? Provide in-text citations from objective resources to support your approach.

How does your position positively and negatively affect the external stakeholders of the organization? Provide in-text citations from objective resources to support your approach.

 

Take some time to review the materials and take a position on the issue. Write a 3- to 5-page assessment of the situation.



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