Interest Based Avenue refers to a particular sub category of ethical analysis in which the evaluations of the ethical and moral impact are determined by the out come, hence the means to an end is not as important as the end itself.
In its most basic form, the Interest Based Avenue attempts to assign subjective value to the “interest” of the stakeholders of the participating matter; the interest of the stakeholders trumps the individual rights. Clearly, this particular approach appears to be a rather morally flexible in order to protect material and non material interest of the participants. One might even suggest that the interest based avenue is a capitalist form of moral evaluation.
However, there are some apparent issues with this approach: first and most importantly, it seem virtually subjective to assign moral values to particular outcome. Further, it is equally discretionary to discard fundamental individual rights in exchange for tangible material interest. Additionally, it is not particularly clear if there are preset values that would mirror the stakes and interest, nor is it clear if the outcome simply justifies all possible means.
Ultimately, it appears that the Interest-Based Venue is the moral equal of capitalism, in which the maximization of the beneficial and profitable outcome outweighs the basic rights.
In the case of Arthur Anderson, this particular approach is at the hart of matter: similar philosophy may have been the cause of the intellectual and philosophical breakdown which lead to attempts to hide loses by means of fraud, in order to enhance accounting reports which in turn may have contributed to increase of share holder profits. Likewise, one may argue that though Arthur Anderson has abided by most basic principal of business i.e. creating the greatest possible profit for all the participating shareholders, they chose a morally inferior approach to ignore the means to achieve the end. But the results speak not only to failure of this mode of theory but also its practical consequences.
Ultimately, it appears that those that use Interest – Based Venue to justify non linear, obscure and dubious actions to protect material interest, simply ignore the substantial flaws of moral derivative that my result not only in less desirable income, but even may end in harming their stakeholders.
Brought to you by: World Consulting Group — Your premier management consulting firm .
The post Interest -Based Avenue first appeared on World Consulting Group.