Business Ethnics
These company did not have strong principles motives and it can be best describing to use the theories of consequentialist. Consequentialist ethnical is the normative ethnical theory that signify the consequences of someone’s conduct in the organization is made the base for judging the conduct about how wrong and right. In this event Carillion has been accounted responsible for the way the pension investments were handled. The two theories that match the event are theory of justice and deontological theory (Crane & Matten,2010). Deontological theories states that people should adhere to their obligation and duties when engaging in decision making when ethnics are in play, meaning that person or organization should follow their obligation to another individual or society because upholding one’s wealth or duty is what is considered ethnically correct. Based on the event, it can deduce that Carillion (daddy Stephen)
Rawls theory of justice revolves around the adaptation of two fundamental principles of justice which would, in turn, guarantee a just and morally acceptable society. The first principle guarantees the right of each person to have the most extensive basic liberty compatible with the liberty of others. The second principle states that social and economic positions are to be a) to everyone’s advantage and b) open to all.
Rawls proposes to develop a theory of justice by revising the social contract tradition of theorizing about justice associated with the 17th and 18th century writers John Locke, Jean-Jacques Rousseau, and Immanuel Kant. According to Rawls, justice is what free and equal persons would agree to as basic terms of social cooperation in conditions that are fair for this purpose. (Crane & Matten 2010).
Theory of justice is theory by John Rawls which emphasizes on solving a problem by distributing something in the society with justice with the help of a variant of a same device of the social contract. In this event it is shown that the pension contribution was kept on stake and payments were made to the shareholders dividends and bosses' bonuses. It was pointed out that these payments were made from the expense of pension fund contributions as the company has been facing a pension fund shortfall.
Question
What factors influenced the way in which the event was actually managed – and what factors facilitated (or hindered) the adoption of the alternative that suggest in above?