Ethical Considerations The Issue At Hand Is Whether Or...

Ethical Considerations The issue at hand is whether or not Pine Trees, Inc. should compensate Mr. Washington for reconstruction and lose of potential profit. The stakeholders in this situation are employees and employers of both Pine Trees, Inc. and Burger Ranch, creditors of both companies, investors (if any), and customers for both companies. The issue will be observed from a Utilitarian, Deontological, and Nicomachean perspective. Is the Decision of Net Benefit to Society? To accurately answer this question, the ethical theory known as Utilitarianism will be used. According to John Stuart Mill, an action is considered ethical if it brings the greatest amount of happiness to the greatest amount of people. As he put it in his book, Utilitarianism, â€Å"The creed which accepts as the foundation of morals, Utility, or the Greatest Happiness Principle, holds that actions are right in proportion as they tend to promote happiness, wrong as they tend to produce the reverse of happiness† (Mill, 10). Therefore, if a decision brings forth a net benefit to society, then under the Utilitarian approach it is considered ethical. If Pine Trees, Inc. compensates Mr. Washington the amount that is demanded, then society can potentially benefit in several ways. Fans of Burger Ranch will be able to once again return to the restaurant, Pine Tree, Inc. will not ruin its reputation because it took responsibility for an action that was caused by its employees, and fut ure Pine Tree, Inc. customersShow MoreRelatedCorporate Structure of Yamaha23785 Words   |  96 Pagesthat satisfy all customers who love music, we can contribute to the development of musical cultures and enrich lives worldwide. 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