Complete task- utilitarianism and the principle of justice

Assignment Help Management Theories
Reference no: EM131450367

Question: I. Read the following case:

"Alex Smith is preparing a sales presentation for his company, Phones4Kids, which manufactures and sells cell phones that are specifically designed for children. Phones4Kids employs several hundred workers in Mooray, Missouri, a small town with only two other large employers in addition to Phones4Kids. Alex hopes to sell specialty phones for boys and girls aged 6-10 to a retailer in Hooptown, Missouri. This sale would represent approximately 25% of the projected revenue for the current year for Phones4Kids. The phones are not specifically designed for internet access; however, about eight percent of the time the phones can pick up a wireless internet connection and the user can access the internet. There is a 48% chance that once a child connects to the internet using one of these specialty phones, he or she could access a pornographic site. Derrick Vance, Alex's boss, has promised Alex a commission in addition to his regular salary if he makes the sale to the retailer. However, if he tells the retailer about the potential to access pornography via the cell phone, the retailer may buy the phones from a competitor that sells phones without internet access. Alex has reviewed the corporate policy for Phones4Kids and can find no specific guidance on how to handle this situation. However, the policy does indicate that sales representatives are to be honest and fair in their dealings with customers."

2. Complete the following 2 tasks:

A. Analyze how you would resolve the dilemma using

(1) utilitarianism,

(2) the principle of rights,

(3) the principle of justice,

(4) virtue ethics and

(5) the Golden Rule.

1. There are several criteria according to utilitarianism. One is that the action must report the greatest good to the greatest number of people. As we see in the case of cell phones, I have to calculate if I give much margin to how many consumers will benefit from my decision and how many will be completely affected. Another criterion of utilitarianism that must be taken into account is to consider what is more expensive. According to utilitarianism, goodness is calculated by seeing in which action you have the least negative impact.

B. Determine how Alex should handle this situation in a written memo. Please use the following ethical decision-making process, which builds on the process provided by the text but incorporates an economic and legal analysis of proposed courses of action:

Step 1: State the Problem / Analyze the Problem

Step 2: Identify All Courses of Action that You Could Take

Step 3: Evaluate Each Course of Action

a. Would the proposed course of action meet the firm's economic responsibilities?

b. Would the proposed course of action meet the firm's legal responsibilities?

c. Would the proposed course of action meet the firm's ethical responsibilities?

1) Note the ethical principles / tests employed by top management.

2) Note the ethical principles / tests required by the code of conduct.

Step 4: Evaluate New Alternative (Repeat Step 3)

Step 5: Implement Chosen Course of Action

Reference no: EM131450367

Questions Cloud

Hedge the interest-rate risk on these bonds : what forward contract would you enter into to hedge the interest-rate risk on these bonds over the coming year?
Company-funded portion of its employee retirement fund : A concrete and building materials company is trying to bring the company-funded portion of its employee retirement fund into compliance with HB-301.
Bond interest payable semiannually : The bond bears an interest rate of 8.66% with bond interest payable semiannually.
Seek to enter into to lock in current interest rates : what forward contract would you seek to enter into to lock in current interest rates?
Complete task- utilitarianism and the principle of justice : Alex Smith is preparing a sales presentation for his company, Phones4Kids, which manufactures and sells cell phones that are specifically designed for children.
Credibility risk premium to the required return : She decides to add an extra 1% “credibility” risk premium to the required return as part of her valuation analysis.
Target debt-equity ratio-what is the cost of equity : Kose Inc. has a target debt-equity ratio of .45. If instead you know that the aftertax cost of debt is 6.4 percent, what is the cost of equity?
Junior intends to hold the investment indefinitely : If both investments are fairly priced and Junior intends to hold the investment indefinitely, which offers a higher return?
Formulate an ethical area : The following assignment is an exercise designed to help you begin the process of addressing a moral issue, a process that will continue.

Reviews

Write a Review

Management Theories Questions & Answers

  Five forces of competition

Five Forces of Competition

  What is the role of congress in the policymaking process

Write one paragraph for the following question. what is the role of Congress in the policymaking process?

  How might a large company protect

How might a large company protect

  Would that be structure management

Would that be structure management?

  You have been advised by the warden that the agency is

you have been advised by the warden that the agency is going to seek national accreditation by the aca and that he has

  Describe the major third-party payers

Describe the major third-party payers and the characteristics of managed care organizations. In your descriptions, consider how coding impacts reimbursement

  Write review on a management problem and proposed resolution

Write a 10 page literature review on a Management "Problem" and Proposed "Resolution". Because this is the Independent Study writing course.

  Management system and management reviews

1.Management system 2.Management reviews.

  The mass of the model compare with the mass of the original

A statue is to be 'scaled down.' It will have its size changed without changing its shape. It starts with an initial volume of 3.00m3 and ends up with a final volume of 0.500m3

  The workplace- waiting to happen

Are you concerned that this might be a crisis situation- akin to an employee going " postal" in the workplace- waiting to happen? If so, what would you do? Why?

  Case where the divisibility assumption holds

The management of a company is considering three possible new products for next year's product line. A decision now needs to be made regarding which products to market and at what production levels.

  Derive the stochastic linear differential equation

Investigate the stability of the origin for solutions of the stochastic linear differential equation (3.85) if the differentials are interpreted.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd