Acme Title Pawn - 1706 Words

Acme Title Pawn Group: KPSN Consultants Overview ï  ½ Summary of case ï  ½ Ethical issues present in the case ï  ½ Discuss dilemma faced by decision makers in the case ï  ½ Application of Ethical theories 1. Utilitarianism 2. Universalism 3. Ethical Relativism ï  ½ Recommendations ï  ½ References Summary ï  ½ Acme Title Pawn was in the business of providing loans to a target market consisting of mostly high risk customers, example, gamblers, persons with little or no credit history and those with poor credit history, predominantly from the minority groups such as African American (mostly migrants) and Hispanic communities (low income earners). ï  ½ High staff turnover despite attractive compensation packages. ï  ½ In sync with the title loan†¦show more content†¦The teleological theory therefore holds that the rightness of an action is determined solely by its consequences. The most common example of the teleological theory is Utilitarianism. Utilitarianism (John Stuart Mills) - the end justifies the means (Boatright, 2009) Boatright explains that an action is right if, and only if it produces the greatest balance of pleasure over pain for everyone. One Utilitarian thesis, the Maximalist, states that a right action is one that has not merely some good consequences but the greatest amount of good consequences. Simply put, the end justifies the means. Based on these definitions, we are convinced that Acme Title Pawn operated in a highly utilitarian manner. What justifies this decision? †¢ Acme helped a great number of persons in dire financial need †¢ These persons were desperate and had no alternative means of obtaining a loan †¢ These persons had no or poor credit history †¢ They had emergencies and could not afford to wait on the bureaucratic red tapes of the traditional banking institutions †¢ Loan quantities were too low to be issued by the traditional banking institutions even if the applicant had a good credit history †¢ Cash was readily available †¢ No title or individual background checks were conducted †¢ Therefore, despite the extremely high interest rates, the extreme 30 day pay-back period, the vehicle seizure and sale,Show MoreRelatedGreat State Wheat Flakes Cant Be Beat16284 Words   |  66 PagesCompany. All rights reserved. SUPPLEMENTAL CASE 2 Acme Title Pawn* Joe was reflecting on his current situation with Acme Title Pawn while mindlessly mowing his lawn. He had been working there for about a year but was having ever greater reservations. During all of those years of struggling to raise his young family while planning for, attending, and ultimately graduating from college, he never envisioned a career at a firm like Acme Title Pawn. He was still wrestling with the decision of whetherRead MoreGreat State Wheat Flakes Cant Be Beat16274 Words   |  66 PagesCompany. All rights reserved. SUPPLEMENTAL CASE 2 Acme Title Pawn* Joe was reflecting on his current situation with Acme Title Pawn while mindlessly mowing his lawn. He had been working there for about a year but was having ever greater reservations. During all of those years of struggling to raise his young family while planning for, attending, and ultimately graduating from college, he never envisioned a career at a firm like Acme Title Pawn. He was still wrestling with the decision of whetherRead MoreProject Managment Case Studies214937 Words   |  860 PagesCataloging-in-Publication Data: Kerzner, Harold. Project management : case studies I Harold Kerzner. -- 2nd ed. p. cm. Includes bibliographical references and index. ISBN-13: 978-0-471-75167-0 (pbk.) ISBN-10: 0-471-75167-7 (pbk.) 1. Project management-Case studies. I. Title. Printed in the United States of America Contents Preface xi 1 PROJECT MANAGEMENT METHODOLOGIES 1 Lakes Automotive 3 Fems Healthcare, Inc. Clark Faucet Company 2 5 7 11 IMPLEMENTATION OF PROJECT MANAGEMENT Kombs