Goodpaster Essay Example | Topics and Well Written Essays - 250 words

Goodpaster - Essay Example Since the statement has not categorized the stakeholders, it means that it will treat all participants who are involved in transaction equally. The mission statement also aims at ensuring that stakeholders achieve maximum satisfaction. This indicates that this statement is based on the utilitarian ethical critical thinking technique. The article argues that utilitarian principle is classified under normative ethics and it aims at providing maximum utility to all parties who are involved in an organization. Normative ethics is a field that aims at differentiating right from wrong (Goodpaster 5). Therefore, it means that if the disutility that stakeholders get from an organization surpasses the utilities, it means that the company acts unethically. The organization should, therefore, analyze the effects of its actions during the formulation of policies to ensure that they produce more benefits than costs when they are implemented. Goodpaster argues that companies should conduct the analysis when formulating policies that deal with both the internal and the external environment (3). Therefore, from the views of Goodpaster, the mission statement is ethically