Utilitarian Approach To Corporate America

280 Words2 Pages
Ethics, in corporate America, are a necessity because they set guidelines for behavior regarding right and wrong (Kinicki & Williams, 2013). The purpose of these principles is to establish balance and to ensure that managers, employees, and directors are working together for the good of the company as a whole. For example, The utilitarian approach is the most practiced principle of ethics. It is influenced by what will benefit the most amount of people in the best way (Kinicki & Williams, 2013). However, the downside to this approach is that it can result in damage to the company's reputation; primarily because those that use this method usually neglect the ethical aspects as long as it is beneficial to everyone collectively. If