Enron: Deontology And Utilitarian Theory

Consequentialism is ordinarily distinct from deontology, as deontology offers rightness or wrongness of an act, rather than the outcome of the action. In this essay we are going to explore the differences of consequentialism and deontology and apply them to the quandary

“Deontology is a moral theory that emphasizes one’s duty to do a particular action just because the action, itself, is inherently right and not through any other sorts of calculations – such as the consequences of the action” (Boylan, 2009, p. 171). In many aspects deontology is contrasted with utilitarianism. Deontology is based upon principle and does not calculate the consequences (Boylan, 2009, p. 171). Deontology attracts those seeking a stronger moral attraction because it refers to commanding rather than commending and commanding is a stronger structure (Boylan, 2009, p. 172). The

Utilitarianism is a moral theory that seeks to define right and wrong actions based solely on the consequences they produce. By utilitarian standards, an act is determined to be right if and

The ethical theories of deontology and the branches of utilitarianism; act and rule, display similarities and differences within the meanings of both. Act utilitarianism theory is the focus on the outcome of an act. Rule utilitarianism is the method of an individual’s actions. The theories of deontology and utilitarianism both present moral rules and values. Deontology focuses on the motives of an action, whereas utilitarianism centers more on the end result. The Act utilitarianism theory is more effective by judging the morality of an action based on the consequences of its outcome.

Utilitarianism is a philosophical theory. It concerns how to evaluate a large range of things that involve choices communities or groups face. These choices include policies, laws, human’s rights, moral codes,

Utilitarianism also known as the principle of utility is an ethical theory proposed by early philosophers. This theory implies that actions are only judged by its consequences whether they are good or bad. One should perform a particular action because it will yield the best results for all. This approach also analysis the cost and benefit relationship. The downfall with this theory is that not everyone benefits (Fremgen, 2016).

Before explaining why deontology is the best option for the accounting profession, the definitions of each ethics systems must be explained in detail. First, deontology only takes into consideration the issues of fairness, rights, and commitments (Duska, 2011). This system focuses solely on what is right and wrong no matter what the consequences are for self or others. In other words, a deontologist focuses not on the results of the action, but the action itself (Uyar, et.al., 2015). Deontologists believe that moral decisions are based on their obligations and duties. They believe that right is always right and wrong is always wrong, regardless of the outcome.

Williams has a recurring gripe with the ideas of utilitarianism. He believes that in making a utilitarian decision one must forget his integrity, for in making his decision, it is not his personal reputation which takes priority.

Question 1 Summarize 1 one page how you would explain Enron’s ethical meltdown: Enron was an energy company founded by Kenneth Lay in 1985 through a merger of vast networks of natural gas lines. Enron specialized in wholesale, natural gas, and electricity, and made its money as a wholesaler between suppliers and customers rather than actually owning any. Enron in fact didn’t own any assets, which made their accounting procedures very unusual. The lack of accounting transparency at Enron allowed the company’s managers to make Enron’s financial performance better than it actually was. The organizational culture at Enron was to blame for it’s ethical meltdown. Enron’s accounting scheme slowly began to erode its ethical practices, which soon led the culture of Enron to become a more aggressive and misleading business practice. Enron reported profits from joint partnerships that were not yet attained in order to keep stock prices up (or make wall street happy). As this was happening employees began to notice the ethics in senior management (leadership) deteriorating, and soon after they to would follow in their footsteps. Senior management thought they were saving their company from financial ruin and though lying was ok if it meant saving the company. Investors would surely sell their stocks if they really knew the situation the

The theories of virtue, utilitarianism, and deontology are similar in some aspects but for the most part are very different. Each of the theories will be explained to show their differences and the type of person that would gravitate towards that theory. Through the explanations one would also be able to consider where there morals or ethics may lie but can also see themselves in each theory.

Utilitarianism is a consequentialist theory, as explained by the philosopher Mill. Given several choices, a utilitarian would pick the morally correct choice by using the Greatest Happiness Principle (487). By looking at whether the consequences of an action will produce the greater happiness for the greater number of people than another action would, one can

Utilitarianism is another theory in which its main objective is to explain the nature of ethics and morality. Utilitarianism is an ethical theory which is based upon utility, or doing that which produces the greatest happiness. According to a utilitarian the morality of act is found just if the consequence produces the greatest overall utility for everyone. However, if the greatest possible utility is not produced, the action is then morally wrong. This view says that a person should act as to produce the greatest overall happiness and pleasure for everyone who may be directly or indirectly affected by the action. Therefore, a utilitarian would require that for every action the corresponding consequences for every action should be thoroughly weighed and alternatives proposed before deciding whether or not to perform such an action.

Before I discuss the theory of utilitarianism, it is imperative to explain and understand what it is. Utilitarianism is a moral theory, or a doctrine explaining why certain actions are right or wrong. It is the idea that moral

The theory of Utilitarianism states that actions should be judged as right or wrong depending on whether they cause more happiness or unhappiness. It weighs the rightness and wrongness of an action based on consequences of that action.

Utilitarianism is a theory aimed at defining one simple basis that can be applied when making any ethical decision. It is based on a human’s natural instinct to seek pleasure and avoid pain.