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Ethical Theory (Philosophy) - Essay Example
Pages 6 (1506 words)
Running Head: Ethical Theory Ethical Theory ETHICAL THEORY Introduction For many centuries, ethics has enjoyed a significant importance in almost every sect of human existence in this world due to its strong influence on norms and values of the society…
Unfortunately, despite of the huge popularity of ethics in academia, it has been an observation that individuals informally and even organizations formally have ignored the importance of ethics and its implementation in different procedures intentionally and/or unintentionally, which has resulted in rising of various ethical dilemmas globally. This paper is an attempt to contribute towards the similar debate regarding the role of ethics in understanding and resolving ethical dilemmas in our society. Particularly, focus of the paper will be on ethical dilemma in the business world while an ethical theory Utilitarianism will be under utilization for analysis purpose. In the corporate world, majority or almost every decision involves the factor of profitization, and for this purpose, business organizations develop their own code of ethics to suit their decisions and justifications. As the result, one can observe a conflict of ethical standards when it comes to comparing different organizations that are resulting in creation of global issues that are directly or indirectly affecting millions of people around the world. ...
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