Prepare: In your first post in this discussion, you will identify and apply one ethical theory of your choosing to a current problem in business, also of your choosing. Start by reviewing your notes on the Week One course material and your completed work for Week One. Then, choose one of the three ethical theories—i.e., utilitarianism, deontology, or virtue ethics—on the basis of your thoughtfully considered preference in general and independent of the business problem that you will select here. Keep in mind that you will employ this ethical theory for supporting your position not only for this discussion, but also for this week’s assignment and the Final Project.
To prepare for your selection of the current problem in business, look at the list of required articles and multimedia which are divided in the six case-categories as follows:
- Banking (Lehman Brothers)
- Environment (BP)
- GMOs (Monsanto)
- Pharmaceuticals (Merck)
- Gender Discrimination (Goodyear)
- Factory Farms (Perdue)
Choose the case-category that you find the most interesting and note that each category also corresponds to one particular case. Please choose carefully because your choice for this discussion will establish the case that will be central to your argumentative essay this week as well as your Final Project in Week Five. It is recommended that you leaf through all the required resources indicated for the possible case-categories that you identify as possible contenders before making your final choice.
Reflect: Once you have selected your ethical theory and your case category, articulate the characteristics of the economic system (or combination of both systems) that serves as the setting for the case presented in the case category sources. Given this context, examine how the nation’s laws affect the operations of the business.
Next, identify the characteristics of your chosen ethical theory and its notion of the moral good. For the latter, you will need to review again the PowerPoint that was introduced in Week One, which is also listed in this week’s Required Resources and it is titled The Moral Good in Three Traditional Ethical Theories. Then, think how you would apply the ethical theory to the specific problem presented in the case category sources.