what is the role of utilitarianism in today s business environment 
because its ideology argues for the greatest good for the greatest number a business acting in a utilitarian fashion should increase the welfare of others however in practice utilitarianism can lead to greed and dog eat dog competition that can undermine the social good the bottom lineutilitarianism offers a relatively simple method for deciding the morally right course of action for any particular situation over the years the principle of utilitarianism has been refined and expanded in many variations utilitarians today describe benefits and harms in terms of the satisfaction of personal preferences or in purely economic terms of monetary benefits over monetary costs rather than in terms of happiness and pleasure 4