Free

Goodpaster - Essay Example

Comments (0) Cite this document
Summary
This paper will use Goodpaster’s views to analyze the mission statement that, “the organization aims at treating its stakeholders fairly and ensuring…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.1% of users find it useful
Goodpaster
Read TextPreview

Extract of sample "Goodpaster"

Ethical Analysis The article by Goodpaster discusses the ethical techniques that guide managers of organization in running their businesses. This paper will use Goodpaster’s views to analyze the mission statement that, “the organization aims at treating its stakeholders fairly and ensuring that they get maximum satisfaction.”
According to Goodpaster, managers should ensure that their companies treat both the internal and external stakeholders fairly (2). The internal stakeholders include employees while external stakeholders include customers and the community. Therefore, the mission statement is ethically correct because it states that the firm aims at treating its stakeholders fairly. Since the statement has not categorized the stakeholders, it means that it will treat all participants who are involved in transaction equally.
The mission statement also aims at ensuring that stakeholders achieve maximum satisfaction. This indicates that this statement is based on the utilitarian ethical critical thinking technique. The article argues that utilitarian principle is classified under normative ethics and it aims at providing maximum utility to all parties who are involved in an organization. Normative ethics is a field that aims at differentiating right from wrong (Goodpaster 5). Therefore, it means that if the disutility that stakeholders get from an organization surpasses the utilities, it means that the company acts unethically.
The organization should, therefore, analyze the effects of its actions during the formulation of policies to ensure that they produce more benefits than costs when they are implemented. Goodpaster argues that companies should conduct the analysis when formulating policies that deal with both the internal and the external environment (3). Therefore, from the views of Goodpaster, the mission statement is ethically acceptable.
Work Cited
Goodpaster, Kenneth. “Some avenues for ethical analysis in general management.” Harvard business school, 1982. Print. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Goodpaster Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Goodpaster Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/business/1657939-goodpaster
(Goodpaster Essay Example | Topics and Well Written Essays - 250 Words)
Goodpaster Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/business/1657939-goodpaster.
“Goodpaster Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/business/1657939-goodpaster.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Goodpaster

Work related legal/ethical issues

...management. This is because a business is characterized by constant interactions involving employees, customers, stakeholders, suppliers and clients. Because of this, business culture defines how the human aspect in an organization is managed to promote gains (Goodpaster, 2007). This calls for proper managerial practices through which proper business culture is developed and retained. At Target Corporation, business culture is taken seriously so that the best services can be offered to the customers and other stakeholders while at the same time ensuring that the employees and workers are satisfied with the working conditions. Being a general merchandiser in the US, Target Corporation always focuses on ensuring the...
11 Pages(2750 words)Research Paper

Ethics in financial institutions

..., through their ignorance share their confidential information with third parties. This is especially those using ATM cards. Such individuals may share information, which can cause them get into major problems. The following discussion focuses on the literature review on ethics in financial institutions. Literature review According to Goodpaster (84), financial institutions are out to service customers and therefore must abide to the moral ethical principles. One of the main things that the customers are looking for is a financial institution, which they can trust to give them the services needed. Trust is built on the quality of services offered to customers as well as the communication between the two. The financial...
12 Pages(3000 words)Literature review

Critical Thinking Application Paper

...various approaches and methods. Kirby and Goodpaster (2007) averred that thinking is “the activity of the brain that can potentially be communicated” (6). The role of expressing thoughts through communication, either through verbal or nonverbal means, is crucial in either speaking or writing. In this regard, the essay aims to proffer issues pertinent to describe critical thinking by using various sources. The discourse would likewise provide an example from personal experience in applying critical thinking to a work related decision, and the importance and benefits of critical thinking in the decision-making processes. Definitions of Critical Thinking The study conducted by Paton (2006) initially presented diverse...
3 Pages(750 words)Essay

Thinking and Decision Making Paper

..., while people with the lower-left-brain dominance are very organized and detail oriented, and like to work in a stable environment, value safety and security over risking. (p. 16) Based on the brain dominance, four different thinking styles exist, but this paper will discuss only three. Logical Thinking Thinking logically and selecting reasoning fallacies from one’s thinking and other’s thinking is the basis of critical thinking. Logical thinking involves use deductive and inductive logic. In addition, deductive thinking is the kind of reasoning that starts with two or more premises and leads to a conclusion from those premises; the conclusion is normally contained or hidden in the premises (Kirby & Goodpaster, 2007, Pg....
4 Pages(1000 words)Term Paper

British Petroleum Oil Spill

...ones were issued only to create legitimacy for the company in the society and as protection from the attacks of blame it would have to suffer from the media which could tarnish BP’s market image and brand perception indefinitely in the society (Webb, 2010, p.1). Apart from this, the CEO’s statement can be understood as portraying BP’s desire to protect its shareholders from bad press and consequent falling profits at the expense of their other stakeholder groups, this shows that BP’s actions at this point in time favor the critical approach to the stakeholder theory (Goodpaster, 1991, p.53). Furthermore, notwithstanding instantaneous response from BP’s side towards the devastation, the US lawmakers and scientists...
13 Pages(3250 words)Essay

Nature of Logic and Perception

...," Plato thought that we are born with ideas and with the pure power of the mind and innate ideas we could achieve divinity. "Descartes echoes Anselm-"I think, therefore I am"-and challenged our pride by telling us that "it is not enough to have a good mind; the main thing is to use it well." (Kirby & Goodpaster, 1999, p. 2). As thinking cannot be useful unless it is communicated through the media of language, images, art, scientific formula, and mathematics, thinking is defined as "the activity of the brain that can potentially be communicated." (Kirby & Goodpaster, 1999, p 5). At the same time, there are unexpressed thinking that is stored in the brain and we use it often before speaking or acting....
4 Pages(1000 words)Essay

The Barriers of Critical Thinking

...as follows: Self-serving bias: Self-serving bias refers to the tendency of individuals to elevate the perception of self in a manner that helps them in protecting their self-esteem. This concept entails that people do not always think about and perceive things as they since it results in self-criticism and viewing themselves in an unpleasant light (Kirby, Goodpaster, and Levine 1999). While self-confidence is a critical element for success, however over-confidence in one’s own abilities acts as a barrier to success since it prevents us from analyzing our weaknesses and overseeing our flaws, leading to disastrous results in the long run. Example: A strong sense of belief in one’s abilities and the perception that you are...
2 Pages(500 words)Essay

Ethics in Negotiation

...Traditional competitive bargaining can be most commonly witnessed across flea markets in my opinion. A flea market is an informal market typically categorized by a multitude of mostly unknown small scale sellers who set up stalls or other small units (Goodpaster, 1996). Homogeneity in products across sellers is largely common, leaving vendors fighting for consumers amongst themselves. Vendors are typically not the manufacturers of the products. They tend to be casual sellers who acquire merchandise from a wide variety of sources, such as export rejects, giveaways, used commodities etc., with no particular emphasis on quality in general. It is usually an ‘anything that sells’ approach that is adopted by such sellers. Sellers tend... . At...
2 Pages(500 words)Essay

1. In looking at the images of African Americans in film and television during the last 70 years, what has changed

3 Pages(750 words)Admission/Application Essay

Women in general management

...of this dilemma, most women have remained stagnant in the career ladder or shown little progress because of the dilemma that general managers have on them. The Goodpaster article tries to outlines some of the ethical issues that general managers confront in their location and the organizations. The issue of affirmative action is very common with many Managers, and this leaves them in an awkward position due to pressure emanating from within and outside the organization. Because of this, the article notes that managers need a more orderly way of thinking through the moral implications of policy decision. This means that managers must use all the alternatives available from an ethical standpoint...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Goodpaster for FREE!

Contact Us