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Ethical Altruism In Business Ethics

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• Ethical Altruism: an action is morally right if the consequences of that action are more favorable than unfavorable to everyone except the agent for instance the sensitive issue of Jihad may be subjected to Ethical Altruism in the sense that in many instances, Indians normally have an annual prayer in which they kill a goat to offer as sacrifice.They believe that whoever eats the meat of that particular goat will be blessed with prosperity and good fortune. Hence, this act is considered morally right even though they are killing the goat for everybodyelses benefit.
• Utilitarianism: an action is morally right if the consequences of that action are more favorable than unfavorable to everyone
Furthermore, an insight into Deontology may be explained from its Greek roots. The term deontology comes from the Greek word deon, meaning duty; hence the the theory of deontology states we are morally obligated to act in accordance with a certain set of principles and rules regardless of outcome. …show more content…

I was in charge of the accounts department and had the huge responsibility of receiving payments and making receipts. We were given a log book for records purposes and at the end of each fortnight, we were required to tally the receipts with the cash received. I was a junior staff and was relatively new at the workplace. I was told by most of the staff that it was crucial to be in the good books of our supervisor who happened to be the senior accounts clerk as well. However, I had made some very disturbing observations during the initial first weeks at work and it put me in quite a dilemma. I had noticed that there were some payments which he received without issuing a receipt and conveniently, those payments were not recorded in the log book. I questioned him once about it and he had laughed I off saying that was the common practice everywhere and that I was supposed to go with the

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To begin with, this theory relies on moral absolutes which can be defined as actions that are entirely right or entirely wrong. Deontologists cannot consider the consequences of their actions, even if the consequences of a particular action bring about more harm than the act itself. Deontology theory says that certain types of actions are either absolutely right or wrong, but provides no way in which to distinguish which action may be right or wrong and thus duties and principles can conflict (Preston, 2007). For instance,

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Utilitarianism focuses on the consequences of an action. Deontological approaches focus on the morality of an action on an individual basis. Utilitarian approaches attempt to achieve the greatest good for the greatest amount of

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The theory of deontology states we are morally obligated to act in accordance with obvious set of principles and rules regardless of results. Deontological ethics focuses on duties, and rights. The term deontological was coined by the utilitarian philosopher Jeremy Bentham, who described it as “knowledge of what is right or proper” Bentham thought that deontology points in the direction of principle of utility. But contemporary philosophers use the term deontological to indicate a contrast with the utilitarian focus on the consequences of action. Instead of focusing on consequences, deontological ethics focus on duties and obligation: things we ought to do regardless of the consequences.

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