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Word Count: 1,518
Certain people are doomed to constantly recreating historic events as a direct result of not learning and re-educating themselves from past experiences Individuals are not alone in lapses of judgment that make one learn from previous incidents companies and corporations too are prone to this foolhardy phenomenon As has been witnessed in this past decade an ever-increasing number of companies have been sued for a wide variety of reasons In many situations the companies being sued have been brought up for litigation because they failed to inform the public about defects or faults in their products An alarming number of companies even knew about such defects but continued to produce despite knowing the deadly consequences that lay behind their actions Ford Motor Company is no stranger to the courts Some companies do not understand or instead maliciously opt not to acknowledge the difference between law and ethics and presume that since they are not explicitly violating any law then any ethical and moral violations are outweighed because of the cost benefits to the company that usually arise a as a result of such violations Cost-benefit analysis the sort of efficiency calculation that is common to business decision-makingis based on the notions of utility Utilitarianism as coined by philosopher John Stuart Mill is known as the theory of ethical rationing of ones actions based on the principle of bringing as much happiness as possible to the most amount of people According to philosopher Jeremy Betham the definitive moral standard is that of utility requiring us to consider the consequences of an act or a social policy for all those affected by it This system makes one evaluate explicitly and implicitly decisions made and direct and indirect result s of ones actions Scores of people and Ford as we will see consider such a system of advantages and disadvantages as a convenient method to analyze any situation and formulate decisions As long as benefits outweigh
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