The greatest good for the greatest number

Assignment Help Operation Management

Reference no: EM132275923

Match the following terms with their definitions:

______ Shareholder model

______Stakeholder model

______Utilitarianism

______Deontological ethics

______John Rawls

1. Requires doing “the greatest good for the greatest number”

2. Thought that society should try to make up for people’s different life perspectives

3. Requires business decisions that maximize the owners’ return on investment

4. Focuses on the reasons for which decisions are made

5. Requires business leaders to consider employees, customers, communities, and other groups when making decisions

Short Answer: You are negotiating a new labor contract with union officials. The contract covers a plant that has experienced operating losses over the past several years. You want to negotiate concessions from labor to reduce the losses. However, labor is refusing any compromises. You could tell them that, without concessions, the plant will be closed, although that is not true. Is bluffing ethical? Under what circumstances? What would Kant and Mill say? What is your Life Principle?

Reference no: EM132275923

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