Final answer:
Khosrowshahi's approach to ethical dilemmas aligns with the utilitarian perspective of achieving the greatest good for the most shareholders, centering on outcome-oriented ethics and shareholder happiness.
Step-by-step explanation:
If Khosrowshahi decides to implement policies that he believes will do the greatest good for the greatest number of shareholders, his approach aligns with the utilitarian approach to ethical decision-making. This approach involves analyzing potential options in a dilemma to determine which will produce the most beneficial outcomes for the majority. It requires an estimate of the happiness or interests affected by the decision, balancing different stakeholders’ satisfactions.
The utilitarian framework focuses on outcome-oriented ethics, which is distinct from deontological ethics that prioritize duty and rules. Within a business context, while the shareholder theory emphasizes the fiduciary duty to increase shareholder wealth, the stakeholder theory expands this responsibility to all parties with an interest in the company. Khosrowshahi's utilitarian strategy focuses primarily on shareholder happiness, potentially aligning with Milton Friedman's principles, which prioritize a business's duty to maximize shareholder profits.