GB590_Unit2_Assignment

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1 Consequentialism GB590 – 03: Ethnics in Business and Society Dr. Peterson November 14, 2023

2 Introduction Ethical Theory (2022) says consequentialism is a moral concept that determines if something is accurate or measures the value of things by the significance or end results. Some examples of consequentialism are hedonism and utilitarianism, which have diverse tactics while determining what establishes accuracy or wrongness. Section 1: Consequentialism Hedonism considers pursuing satisfaction to evade sorrow. Then again, Utilitarianism is based on the decisions to assess which consequence is helping the leading populace. Consequentialism is regularly condemned because no one can plan or predict the upcoming in advance of an action. Occasionally, if the result is decent, consequentialism may lead to horrible choices and verdicts. Since dissimilar theorists have various viewpoints, there is no contract on a perfect meaning of consequentialism. Because consequentialists evaluate and gauge the outcome of acts, numerous exterior impacts frequently impact the effect, but there is no overall ethical concept to discuss the full topic. Nowadays, there are more than a few benefits of consequentialism. Initially, the universal perception of consequentialism is not hard to comprehend. The notion is to act accordingly to guarantee the outcome can make the most of the aid for a mainstream of individuals in civilization. Additionally, administration organizations every so often use the notion of consequentialism to generate and create the basis and recommendations for industry processes. Also, consequentialism integrates worldwide morals which bring the populations together to work toward identical objectives. Instead, Hart, (2018) says there are few drawbacks of consequentialism. Various outcomes are biased because diverse persons may have dissimilar viewpoints and distinct interests. It is tough to calculate a person’s fulfillment and pleasure from

3 positive outcomes. Consequentialism may possibly institute systems in which the mainstream of individuals overrules the majority. The GVV Pillar discusses the intent, and my main drive is leading by example between school, family, and work. Sharing stories with family has made an impact on them and now they are going to work even harder toward their aims. Reading and reading about consequentialism, made me reflect on this theory and I have come to the conclusion that goals are indeed aligned with me making decisions. Prior to becoming a university student, I loved playing video games and many of my male family members play as well. I have also had many chats with other people who are not related to me who play video games too. They think that playing video games can stem into a future career. In time, I have learned that at times what I consider better may not be suitable for others. Section 2: Analysis of a current business situation or event Having a conflict of interest may be discussed as a situation when an individual or establishment’s benefits compromise their specialized attention or obligations. Half of the time, distinct and structural consigned securities in cash and control are the main causes of encounter of interests. Every so often, conflict of interest actions has existed and occurred in a lot of practical divisions in many kinds of industries and management organizations. Conflict of interest acts may steer toward lawful responsibilities and damage the public since small groups of people profit from unprincipled acts although other people may lose money and control. Dollar General is a retail store in the industry. DG's mission statement is 'To Serve Others,' which replicates the business's obligation to its consumers, workers, and populations. Their idea is to be the best and the most appropriate place to bargain for low-cost ordinary fundamentals. A

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4 few of the corporation's main values comprise reverence and insertion, honesty, and cooperation. Dollar General is a publicly owned corporation. Dollar General financed net sales improved 3.9% to $9.8 billion during the 2 nd quarter of 2023 compared to $9.4 billion during the 2 nd quarter of 2022 (Robbins, 2023). These remaining sales rises were mainly determined by constructive sales offerings from innovative stores, partly counterbalanced by the smaller weakening in sales of the same stores and the influence of store closings. Dollar General operates 19,414 retail chains in the continental United States along with Mexico. I chose this business since its standards and objectives are similar to mine. It interested me because they attempt to serve numerous individuals day-to-day. Business values are plainly specified values about the establishment's visualization, and mission. This way, everybody is in line with managing philosophies to help workers, consumers, and the wider public. That may be twofold as the meaning of business’s philosophy. Cultural norms speak of common views, or standards and the performances that back these morals in an assumed culture, like the principles of behavior that are encountered with collective approval or disapprovals. Section 3: Personal Application To conclude, while assessing consequentialism I have determined to use it for making decisions to apply the functioning progressions at Purdue Global University. It will help me to create working practices in agreements. A lot of businesses have severe rulings and strategies about encounters of interest; however, various conflicts of interest occur after observing developments are not implemented correctly. Focusing on fine-tuned observing measures is best. Individual values and integration in my individual values are honesty, knowledge, and trustworthiness. It is firmly considered that honesty is vital to an industries achievement. Reliability improves business standing and industry development.

5 References Ethical Theory: Overview . (2022, August 8). The Concise Encyclopedia of Business Ethics. https://conciseencyclopedia.org/entries/ethical-theory/ Hart, G. (2018, January 18). Utilitarianism and Consequentialism - The GM Bailout. Seven Pillars Institute . https://sevenpillarsinstitute.org/ethics-101/applying-utilitarianism-are- insider-trading-and-the-bailout-of-gm-ethical/ Robbins, N. (28 October 2023). Should Investors Stay the Course Amid Leadership Changes at Dollar General? The Motley Fool. Retrieved from https://www.nasdaq.com/publishers/the-motley-fool

GB590_Unit2_Assignment

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