Utilitarian Ethics in Business

Utilitarian ethics in business is the idea that decisions should aim to create the greatest good for the greatest number. This approach evaluates actions based on their overall happiness and well-being they produce, balancing benefits and harms. Businesses applying this ethic consider how their choices impact employees, customers, and society, striving to maximize positive outcomes while minimizing negative effects. It promotes responsible decision-making that seeks widespread value rather than just personal or short-term gains, fostering ethical practices that benefit the broader community.