The of an action and after the analysis

The Utilitarianism theory is a theory of simple view,
consisting of the common right and wrong judgement of the business decisions. The
value of which can be determined by conducting a cost vs. benefit analysis of
all the decisions taken. As per this theory, the good as well as the bad aspects
of a decision should be measured in order to determine if it’s viable or not
and as long as an action or decision is proving to be more good than the bad,
it is deemed to be viable. This theory follows the simple principle that all
the actions have equal intrinsic good or bad aspects and in order to adopt
them, they must be objectively analyzed and studied for the overall consequence
of an action.

The dash theory, this particular theory advocates that any decision that leads
to good results is right, even if it was made for the wrong reasons, and it
separates the right actions from the right moral decision. For one following
this theory, making a right moral decision means that they must make a decision
that will be leading to a good result. What they must do here is that they must
evaluate on basis of the consequences of an action and after the analysis they
must choose their next steps accordingly.

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 The institutions must therefore evaluate
the positive and negative aspects of an action in order to determine if it’s
right or wrong, and as long as an action is proving to be more positive as
compared to the negative consequences, it can be deemed to be right. Following
the Utilitarianism theory can help all institutions as it is the simple
principle that all the actions or decisions have both good or bad effects and
they must be carefully analyzed and evaluated in order to deduce the overall consequence
of an action.

 

 Behaviour
accounting or human resource accounting is a form of accounting that the many
institutions and organisations follow in order to utilize the most abundant recourse,
this theory considers “people” as a resource. People could be defined as both
the employees of the organisation as well as their end users. The ultimate aim
of every business is profit maximization. In order to do that, the
organisations need to understand the buying behaviour of the end user as well
as the elements that lead to this buying behaviour. Without having a thorough
understanding of this, it is impossible for the business to gain more end users
and expand in the market. This is true, specially so in the increasingly
competitive market of today. Thus, the organizations should create a end user
profile that helps them in strategizing and targeting the desired end users and
achieve maximum efficiency out of their efforts. Another method to make the end
users loyal to the organisation, is to serve the end users in a way that helps
the organisations in gaining reference from them and makes them recommend the
organisation, product or service to their friends circle and family. In order
to do this, the organisations should first understand the reason why end users
are inclined towards their products or services. This can be for rational reasons
or emotional reasons. However, it is observed that the end user makes these
decision based on their mind using logic and comparison. The consumers
always try to make rational decisions which are driven by self interest, and
involve a careful evaluation of all the options that are available to them,
before making or finalizing any decision. The primary objective is always to
maximize the value for money, personal satisfaction and utility that they
obtain from a product or service.

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