Discuss Each of the Following Ethical Theories with Regard to Whether

question 25

Essay

Discuss each of the following ethical theories with regard to whether you accept or reject them for your own actions and decisions.
a. Intuitionism and the "Television Test."
b. Rule utilitarianism.
c. Ethical relativism.
d. Ethical fundamentalism.
e. The deontological approach.
f. Milton Friedman's ideas on corporate governance.

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Definitions:

Cost Leadership Strategy

A business approach aiming to become the lowest-cost producer in the industry, often by achieving economies of scale.

Competitive Advantage

The conditions that allow a company or country to produce goods or services more effectively than competitors.

Minimising Costs

Strategies and practices implemented to reduce expenses and manage financial resources efficiently within an organisation.

Portfolio Planning

A strategic process that involves making investment decisions to balance risk against performance, often in the context of project or product portfolios.