BUSINESS ETHICS AND valuable.

It is also argued that exploiting

SOCIAL RESPONSIBILITIES
LM 4-4
Philosophy reflected
business practices
E Jeremy Bentham and John Stuart Mill:
Utilitarianism “The ends justify the means” –
Niccolo Machiavelli
The sad truth is that the greatest happiness of
the greatest number is the measure
Good and Evil" - Jeremy Bentham
"A man can do evil to others not only by his
own deeds, but also by his negligence.
In that case, he will be held responsible for the
injury. – John Stuart Mill
British philosopher and political activist Jeremy
Bentham lived from 1748 to 1832. He is best
known today for his moral philosophy,
especially the principle of utilitarianism, which
measures the value of an action in terms of its
effect. Effects of particular concern
is a measure of the total happiness that the
action brings to everyone it touches. His
hedonistic view of motivation and value is well
known, according to which pleasures and pains
ultimately motivate us and according to what
we truly value. Contentment, according to
Bentham, is happiness defined as the absence
of pain.
happiness for the benefit of society is the most
moral thing a person can do. According to
utilitarianism, the best course of action in a
given set of situations is the one that yields the
best benefit-to-harm ratio for all involved.
Utilitarianism does not care whether a course of
action leads to profit obtained through
deception, coercion, or other means.
Corporate accountability is usually understood
as the net benefit accruing to the parties
affected by a decision. As a result, the majority
of utilitarians believe that business decisions
should be evaluated by calculating the net
worth of viable alternative options. various
utilitarianism
1. Rule utilitarianism aims to maximize the
utility of as many individuals as possible by
applying the fairest procedure.
2. Behavioral utilitarianism puts the well-being
of the population above all other
considerations.  

The development of British political discourse

and thought in the nineteenth century was
greatly influenced by John Stuart his Mill (1806-
1873). His extensive writings include books on
social and political philosophy, logic,
epistemology, economics, ethics, metaphysics,
religion and current affairs.

John Stuart Mill and Jeremy Bentham created

utilitarianism based on the idea that the ends
justify the means. In contrast to the latter, she
sees the consequences of her actions as more