5 Approaches of Ethical Decision Making Style

The Islamia University of Bahawalpur

Institute of Business Management and Administrative Sciences

Business Ethics

Assignment topic:

5 Approaches of Ethical Decision Making Style

Submitted to:

Ma’am Arooj Fatima

Submitted by:

Saqib Imran

Semester:

BBA 6th M1

Roll no:

BBA18S34

Baghdad Ul Jadeed Campus Bahawalpur

 5 Approaches of Ethical Decision Making Style
1. The Utilitarian Approach
 Choosing the option that will produce the most good and do the least harm
 Example: An example is pharmaceutical industry, as corona vaccine is made and
distributed with 90% success rate. It means good for 90 people and not working
on 10 people out of 100. This is utilitarian approach by focusing on more good
than bad impacts. So, Pakistan get a deal with China for this vaccine.

2. The Rights Approach

 Choosing the option that’s best respects the rights of all stakeholders
 Example: Freedom to speech is everyone’s right but speech against any
community, ethnicity or religion is not right in any organization. Speaking against
Baloch or Hazara community is not bearable in any organization of Pakistan and
respect their rights as well.

3. The Fairness or Justice Approach

 Choosing the option that treats people equally or proportionately
 Example: Inequality and unjustness is a major problem in Pakistani society as
well in Business organizations. Favoritism, ego and discrimination can seem in
everywhere. So this approach stated that all people are equal and there should be a
justice for all.

4. The Common Good Approach

 Choosing the option that best serves the community as a whole, not just some
members
 Example: Best ethical example is making employees a shareholder of company,
so that not few people take advantage of profit but all have equally benefits as
well. Because in Pakistan owners become richer and richer but employee become
poorer and poorer.

5. The Virtue Approach

 Choosing the option that leads me to act as the sort of person I want to be
 Example: This approach is all about the virtues that is choose in decisions. It’s
decision to be a person of virtue. So honesty, courage, compassion, generosity,
tolerance, love, fidelity, integrity, fairness, self-control, and prudence are all
examples of virtues. It’s all universal, so these virtues can see in Pakistan.