GB590-1: Synthesize consequentialism theories within business conflicts of interest.

GB590-1: Synthesize consequentialism theories within business conflicts of interest.

In the module overview you learned that you will be using GVV as a foundation for a personal journey on relationship building and decision making based on your values. Why do we need to learn about ethical theories and frameworks? “Ethical Theories are attempts to provide a clear, unified account of what our ethical obligations are. They are attempts, in other words, to tell a single “story” about what we are obligated to do, without referring directly to specific examples” (Ethical Theory: Overview, 2022, para 1). Learning about select traditional ethics theories and incorporating this information into your decision-making process will help you to understand your decision-making processes in greater detail and enhance your ability to act in concert with your values.

In this assignment, you will be learning about consequentialism and applying this theory to a current example that you select for analysis. You will also be using your work with GVV so far in this analysis process with content from the GVV worksheet.

In a 3-7 page APA formatted paper excluding text, diagrams, and other visual/oral aids as appropriate, address the following:

Section 1 – Consequentialism

In this section you will be delving into this theory from a variety of perspectives. Using the relevant weekly readings and videos and at least 2 other scholarly sources provide an overview of this theory to include the following;

• Definition, individual elements, or subsets of the main theory
• Contributors to the development of this theory
• Historical foundations for this theory, in other words, what societal elements or circumstances caused this theory to be developed?
• What are the advantages and disadvantages of incorporating this theory into decision-making in the contemporary world?

Section 2 – Personal Values and Purpose Profile

Using the resources from this module as well as any other resources you have identified or have worked with, create a values profile. Describe the process you used in the creation of this profile.

Using the resources from this module as well as any other resources you have identified or worked with Using the readings, videos and any other materials and experiences you have, create a purpose statement. This statement is known by many other names, including personal mission or vision. Describe the process you used in the creation of this purpose statement.

• Discuss the relationship between values profile and purpose statement. Why would you need to create both? How would they help in decision making?
• Using your GVV based values and purpose profile, would Consequentialism be in alignment with your decision making? Why or why not?

Section 3 – Analysis of a current business situation or event

In this section you will be applying the work you completed in the prior section to a current business situation (current would be within the last 6 months) that is of interest to you from a business ethics conflict perspective. You may use a personal example, select from your own sources, or use the many business reporting sources in the university library

• Based on your research and any practical experiences you may want to share, discuss the business and societal ramifications of conflicts of interest. Include at least 2 scholarly sources in addition to the relevant weekly readings/videos
• Provide a summary of the business that you have selected for this analysis. Include but not limited to;
  • Name
  • Industry
  • Values Vision, Mission, purpose
  • Public vs private
  • Financials
  • Size
  • National/International

• Discuss why you selected this company. What was of interest to you?
• Overview of the conflict(s) of interest that you have identified. Potential items to include;
• Legal?
• With company stated values and purpose?
• Cultural Norms?
• Your values and purpose (if you were affiliated with this company)?
• Identification of possible causes of this/these conflict(s)

Section 4 – Personal Application

If you were tasked with creating an action plan to create changes to company operating processes that would reduce the possibility of this issue reoccurring

• Would you use consequentialism as a basis for decision making, advantages and disadvantages? Why or why not?
• Present your values statement and purpose profile
• What process would you use to Integrate your values and purpose into the action plan creation?

Readings the rubric refers to:

1. Read the following articles: 
   • Cartwright, T. (2007). Setting priorities: Personal values, organizational results. Center for Creative Leadership. 
     • Chapter- Setting Priorities: Personal Values, Organizational Results Values, Motivation, and Priorities
   • Gentile, M., & Sokol, M. (2019). Giving voice to values: If not now, when? People & Strategy, 42(3), 60– 
   • Ongaro, A. (n.d.). Designing your life based on intentional living values. Designing Your Life Based on Intentional Living Values. 
   • Conflict of interest explained: Types and examples. (2022). Investopedia. https://www.investopedia.com/terms/c/conflict-of-interest.asp
   • Covey, S. R.. (2016). The 7 habits of highly effective people, snapshots edition [Video]. Skillsoft. 
     • Habit 2 – Begin with the End in Mind
   • Ethical Theory: Overview. (2022). The Concise Encyclopedia of Business Ethics. 
   • Kristenson, S. (2022). 37 Personal purpose statement examples and ideas. Happier Human. 
   • Kwakyi, G. (2022). Create your life purpose statement template. The Musing Mind. 
   • McCombs School of Business at the University of Texas at Austin. (2022, February 21). Consequentialism [Video]. Ethics Unwrapped. 
   • Mohn, E. (2022). Consequentialism (ethics). Salem Press Encyclopedia.
   • McCombs School of Business at the University of Texas at Austin. (2022d, September 13). Conflict of interest [Video]. Ethics Unwrapped. 
   • Pirie-Griffiths, O. (2021). Ethics explainer: Consequentialism. The Ethics Centre. 
   • Perego, M. (2021). Be wary of conflicts of interest: What to do when personal intersects with professional. Public Management, 2–4.
   • Staneart, D. (2022). Personal vision statement-personal vision statement generator. The Leaders Institute. 
   • Utilitarianism and Consequentialism – The GM Bailout. (2018). Seven Pillars Institute. 
   • Wallstreetmojo. (2022, September 22). Conflict of Interest. 
2. Review the following videos: 
   • McCombs School of Business at the University of Texas at Austin. (2018, November 26). GVV Pillar 1: Values [Video]. Ethics Unwrapped. 
   • McCombs School of Business at the University of Texas at Austin. (2017, December 6). Intro to Giving Voice to Values (GVV) [Video]. Ethics Unwrapped. 
   • McCombs School of Business at the University of Texas at Austin. (2017c, December 6). GVV Pillar 4: Purpose [Video]. Ethics Unwrapped. 
   • Moreno Pérez, C. M. (2008). Values, personal. In R. W. Kolb (Ed.), Encyclopedia of Business Ethics and Society (Vol. 5, pp. 2175-2177). SAGE. 
   • University of Virginia Darden (2018). The seven GVV pillars [Video]. Alexander Street.