Business Law and Ethics Case Study - 826 Words

Part A (a): Ethical dilemma Should Tom tell Michael that Brenda is breaking the rules/law. Ethical egoism Under ethical egoism, Tom should tell Michael what Brenda is doing, as he is feeling worried and guilty and this would ease his mind. He could also gain benefits from Michael. Tom would do this because he is promoting his well being above everyone else’s (QUT, 2011). Utilitarianism Under Utilitarianism, Tom should tell Michael about Brenda and Mary’s arrangement, because Utilitarianism states that an action is right if it leads to the best possible balance of good consequences over bad consequences for all the parties affected (Lindemann, 2012). The most relevant feature of happiness identified by Bentham, in this†¦show more content†¦The decision is also justified under Friedman’s argument of social taxes, by removing the affected products early future litigation and compensation claims are avoided, thus allowing individual shareholders to decide what to do with their money rather than the company (QUT, 2011). Part B (c) Decision using Freeman’s arguments I would make the same decision as James Softly’s Board in removing the affected products under Edward Freeman’s theory. The managing for stakeholders theory is about managing and shaping the relationships between people involved in the business and the surrounding communities by interacting and creating value (QUT, 2011). Using The Argument from Character, it would be better for the company to stand for and implement virtuous and ethical practices. This would create value for all stakeholders. Using ‘The Argument from Rights’, which states that all stakeholders have rights and recognising this will achieve better outcomes for everyone (QUT, 2012). By removing the affected products from sale the community, customers and employees of the company are all shown respect and protected from the future health risks. Reference List Lindemann, N. (2012). BSB111 Business Law and Ethics: Week 1 [Lecture Notes]. QUT. (2011). Business Law and Ethics (5th ed.). Frenchs Forest, NSW: PearsonShow MoreRelatedBusiness Law and Ethics Case Study1141 Words   |  5 Pagesincrease the happiness of more people and parties by exaggerating his work experience. The first party that would benefit from this is his parents. As was said in the case study (2014), Tom’s mother had lost her job a few years ago and has remained unemployed since. Tom’s father has also not been doing well financially, as his business has not been doing well as of lately, which would lead to less income for the family. 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