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Choosing the Right Business Partner- Why a Utilitarian Approach Works Best

Choosing the Right Business Partner- Why a Utilitarian Approach Works Best

An altruistic partner would be ideal if I were launching a small business. Although utilitarianism, altruism, and egoism are all valid points of view, my goal of making a positive difference in the world is best served by an altruistic partner. Sincere concern for the welfare of others motivates an altruistic partner, who can be a great asset in the workplace. They put the well-being of their workers, clients, and the community first, wanting to do more than maximize profits (Spitz et al., 2021). Following this, an altruistic partner would prioritize social responsibility, sustainability, and ethical business practices if they were focused on the greater good. An altruistic partner would also promote a positive work atmosphere. They would be more likely to treat workers fairly, with empathy and respect, guaranteeing a motivated and encouraging team. Notably, this may result in higher worker satisfaction, output, and loyalty, which are critical to a small business’s success.

Moreover, an altruistic partner would place a high value on establishing enduring connections and satisfying customers. Sincerely concerned about their client’s wants and needs, they would work hard to deliver excellent goods and services that successfully satisfy those needs. Notably, this focus on the customer’s needs can result in repeat business, favorable word-of-mouth, and customer loyalty. Even though egoism and utilitarianism have their own advantages, they might not be as compatible with my beliefs and objectives as altruism. Utilitarianism aims to maximize utility, which occasionally necessitates sacrificing a small number of people’s well-being to benefit the majority (Brusseau, 2011). However, egoism puts one’s interests and benefits ahead of all other considerations, which might not promote a cooperative and peaceful work environment.

References

Brusseau, J. (2011). The Business Ethics Workshop, v. 1.0. Flat World Knowledge.

Spitz, G., van Kranenburg, H., & Korzilius, H. (2021). Motives matter: The relationship between Motives and inter-partner involvement in nonprofit–business partnerships. Nonprofit Management and Leadership32(2), 287-306.

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Question 


2-3 paragraph response. If you were starting a small business, would you prefer that your partner be a utilitarian, an altruist, or an egoist? Why?

Choosing the Right Business Partner- Why a Utilitarian Approach Works Best

Choosing the Right Business Partner- Why a Utilitarian Approach Works Best

A meaningful response is needed from at least two of your peers. It is required that you make your initial post by Weds at 11:59 pm.