The Theory of Egoism

Running Head: ETHICS AND GOVERNANCE 0
FROM BAD TO WORSE

ETHICS AND GOVERNANCE 2
Executive summary
The assignment is on the case study “from bad to worse”. Various ethical theories are discussed.
There is a application of AAA decision making model. In the last part, principals, threats and
safeguards are being discussed. The assignment is all about application of various ethical
theories and models in the business world.

ETHICS AND GOVERNANCE 3
Contents
INTRODUCTION...........................................................................................................................4
Case Study: From BAD TO WORSE..............................................................................................4
Part A...........................................................................................................................................4
Analyze Mr. Goodrich‘s behavior according to the theory of Egoism....................................4
Analyze Mr. Goodrich‘s behavior according to the theory of Utilitarianism..........................5
Analyze Mr. Arnold’s behavior according to the theory of Utilitarianism.............................5
Analyze Mr. Arnold’s behavior according to the theory of deontology..................................6
Part C...........................................................................................................................................6
Using AAA ethical Decision –Making Model........................................................................6
Part C...........................................................................................................................................7
Using APES110.......................................................................................................................7
CONCLUSION................................................................................................................................9
Bibliography..................................................................................................................................10

ETHICS AND GOVERNANCE 4
INTRODUCTION
The two managers visit the cabin of the Chief operating Officer. The edgy expressions on
their face reflects that there is something bad to convey. As they get into the cabin of their boss,
there boss senses that there is something serious in the air. He asks them abruptly that how much
is involved. The fearful manager with the stammer in his voice replies $6Million. On listening to
the amount, the chief operating officer got shocked and could not believe his ears. The above
example reflects the situation where the company got involved in an unethical issue. The
unethical issue was the low payment of wages and superannuation by the company to the factory
workers. The boss who has an egoist personality did not feel like accepting the company’s
mistake to the fair commission as he wants to save his company’s image, most importantly his
image. In an organization, many employees have varied working style such as egoistic style of
working. These theories are important in deciding the ethical or unethical code of conduct of an
employee. The one who is working with egoism is more likely to go for unethical behavior as he
has the temptation to surpass any law to get his interest accounted. The one who works with the
Utilitarianism philosophy always look for the greatest good. The following essay will be
discussing the case” From bad to worse” and will be applying the ethical theories on its
situations and will be discussing about the principals, threats and safeguards of APES110.
Case Study: From BAD TO WORSE
Part A
Analyze Mr. Goodrich ‘s behavior according to the theory of Egoism
Egoism is the theory of being concerned about one’s needs and wants. It is about being
bitten by the bug of self-interest (Slote, 2011). Individuals plagued with the egoism are mostly
ignited by their personal visions of achievements. There are two types of Egoism. The one is
descriptive and the other one is normative. The descriptive egoism means that it is normal for the
human to be motivated by their desires, as it is what motivates them. The normative egoism
means the person should remain motivated without any reason. Mr. Goodrich behavior reflected
in the case study conforms to the theory of egoism. His attitude of boastfulness, as he seated
himself on Mahogany desk and his impossibly large decorated office reflects his desire to be