Case Analysis: Case Studies: Lehman Brothers, British Petroleum, Monsanto, Merck, Goodyear, Perdue Farms
In the Week Three Discussion, you selected a current business problem from the following case categories:
- Fuel and the Environment
- Factory Farming
- Gender Discrimination
In this written assignment, you will present your work on the case analysis using selected components of an argumentative essay as described in Sections 9.1 and 9.2 of With Good Reason: A Guide to Critical Thinking (Hardy, Foster, & Zúñiga y Postigo, 2015). This written assignment will include a revised and polished version of your discussion work, the presentation, and support of two premises, and an analysis of how your chosen ethical theory offers the best moral solution to the business problem in your case analysis.
Using the components of the argumentative essay located in Sections 9.1 and 9.2 of With Good Reason: A Guide to Critical Thinking (Hardy, Foster, & Zúñiga y Postigo (2015), your assignment should include the following:
- An introduction. This is the “Problem” portion of the essay that is covered in Section 9.1: The Argumentative Essay (Hardy, Foster, & Zúñiga y Postigo, 2015). This should be an improved version of the introduction in your initial post, revised on the basis of your professor’s feedback and additional research. In this introduction you will need to (a) identify the specific issue or problem that you want to address and give an impartial presentation of the controversy, (b) articulate briefly the characteristics of the economic system that serves as the setting for the business, and (c) examine the laws that affect the operations of the business. The introduction should be one paragraph of around 200 words in length.
- A thesis. Start a new paragraph with a precise and clear sentence in which you state your moral position with regard to the case that you presented in your first paragraph. This is known as stating your thesis. (See the “Thesis” passage in “The Argumentative Essay” in Hardy, Foster, & Zúñiga y Postigo, 2015). The thesis you state here should be an improved version of the thesis in your initial post in the discussion, revised on the basis of your professor’s feedback and your reading of “The Argumentative Essay” indicated above.
- A thesis is only one sentence, so do not write a series of sentences, or a complex sentence with explanatory clauses (e.g., “because…” or “since…” or “according to Dr. Mary Expert, an economist with the Bureau of Labor Statistics…”, or “a law that was ratified with 80% votes in favor…”). An example of a precise and clear thesis is this: “Factory farms are not morally justifiable” or, of course, the opposite point of view: “Factory farms are morally justifiable.” Keep in mind that your thesis in this assignment will be the basis for the argumentative essay of the Week Five written assignment, so take your time when formulating this thesis.
- Ethical theory. In the same second paragraph as the thesis statement, identify the ethical theory that supports your moral position. You may choose from utilitarianism, duty ethics, or virtue ethics. Present the characteristics of the ethical theory in a broad sketch, and include citations and references in APA form. Then, apply your chosen ethical theory by explaining how it lends itself to the moral position that you are defending.
- Two premises. Present at least two reasons in support of your thesis and these should be presented in the form of a claim. These are called premises. Articulate each premise in one clear and grammatically correct sentence. Review Section 9.1 of With Good Reason: A Guide to Critical Thinking (Foster, Hardy, and Zúñiga y Postigo, 2015). Start a new paragraph for each.
- In the rest of the paragraph, support your premise by presenting an analysis of how the ethical theory lends itself to the best solution. This analysis includes articulating the characteristics(s) of the economic system at work that support the claims in your premises. It also includes examining the effects of the law(s) at work that also support the claims in your premises.
- Comparative analysis. In the final paragraph, analyze how this application lends itself to a solution that is superior to that offered by one of the ethical theories that you did not select. To do this, provide a clear statement describing the moral solution offered by this other theory. For example, if you chose utilitarianism to apply to your case, then you can choose from either virtue ethics or deontology for your comparative analysis. Explain in no more than three sentences what moral solution would result from the application of this other ethical theory. See the “Sample Case Analysis” in the required reading for an illustration of how this would look like. Finally, analyze the strengths of the moral solution presented by your chosen ethical theory in ways that demonstrate how it is superior to the moral solution offered by the other ethical theory.
- Once you receive your assignment back from your professor, start working on revisions based on your professor’s feedback. This is the first step in preparing your Final Project and the details are presented on the Final Project’s prompt. You will benefit from starting your Final Project as soon as you receive your assignment back from your professor.
Requirements for Your Assignment:
- Your assignment should be1000 wordsin length, excluding the title page and reference page(s).
- Your examination should be both thorough and succinct. This is a combination that demands time and thought, so give yourself sufficient time to draft and revise.
- Your assignment should include citations, as well as a list of references. Both must be in APA form.
- You should draw from the sources provided in your chosen case category in the discussion this week.
- Also refer to Section 9.1: The Argumentative Essay and the introduction to Section 9.2: Strengthening the Argumentative Essay (intro only for the latter) from Hardy, J., Foster, C., & Zúñiga y Postigo, G. (2015).
- Your references should include at least two scholarly sources from your own research in the Ashford University Library, Google Scholar (this is not the same as Google), or the Stanford Encyclopedia of Philosophy. No Wikipedia articles and the like should be included in the references, nor employed to inform your paper. Also, keep in mind that dictionary definitions are not references in the academic sense.
Technology and Utilitarianism
Technology is a critical issue affecting business I the world today. Businesses such as banking rely heavily on technology to improve their services and make them efficient. Technology determines the growth of the general as it affects operations as well as the frequency of serving clients. Traders and businesses globally are finding ways of incorporating technology into their activities. Technology is rapidly changing so organizations in trying to cope up with these new changes. There is also a challenge in the technology itself that businesses ought to find solutions to the problem. Technology is rapid which means it keeps changing from time to time. It, therefore, takes it hardtop identify the right technology that allows an upgrade so that competitors cannot find a loophole through better technologies. Failure to incorporate better technologies in business creates risks that cause inconveniences to clients as well as decreased output regarding productivity (Dunning, 2013).
There specifically four economic systems in the world i.e. mixed, traditional, command and market. The four systems have their own weaknesses and strengths that make them existent in the industry. The traditional economic system best fits in explaining the problem of technology in the banking business. The traditional economic system just by its name shows that it is ancient. The same applies to technology which is old, but it has undergone rapid changes to fit its environment. Technology is flexible and swift which is a different fact when compared to the traditional economy which is rigid with insignificant production (Dunning, 2013).
The most ideal and influential ethical theory that fits well with this problem is utilitarianism. The strength behind utilitarianism is the ability to determine what is right or wrong as it relies on the effects of independent action. For an action that is considered significant, it either provides better or worse results. Utilitarianism focuses on good things, and it works by offering the ultimate good to populations. Utilitarianism works in placing certain situations in a position that will provide better outcomes for its users. Utilitarianism focuses on happiness and pleasure to people. Actions should be able to provide comfort and happiness o people. The same applies to technology as it aims at improving the environment and increase the level of pleasure and happiness through efficiency (Willis, 2014).
The government normally develops policies that allow businesses to grow. If the government passes laws that require a business to adopt technology it might not go well with young entrepreneurs who are still unable to acquire such technologies due to capital barriers. Technology has its own challenges but appropriate policy framework and laws must bring a balance that ensures that businesses can grow and compete based on their abilities financially.
Dunning, J. H. (2013). Multinationals, Technology & Competitiveness (RLE International Business) (Vol. 13). Routledge.
Willis, J. E. (2014). Learning analytics and ethics: A framework beyond utilitarianism. Educause Review