Utilitarian ethics is a very common decision-making approach in the business world. It essentially is the philosophical school of thought that asserts that the most ethical decision is the one that does the greatest good for the greatest number of people. Utilitarianism seeks to achieve “pleasure” (advantages) and avoid “pains” (disadvantages). Utilitarianism grows more complex when one weighs the magnitude and the importance of certain pleasures and pains against each other. Once you have a firm understanding of utilitarian ethics, review the following scenario and address the corresponding questions: A strange and new virus is rapidly spreading to cause a world-wide pandemic. Millions of people died or were sent to the hospital, affecting low-income communities, communities of color, the elderly, and those with health conditions disproportionately greater than others. Healthcare systems are crippled in many communities. Millions of people lost jobs. Entire business industries are devastated and/or sent into disarray as a result of the pandemic. A vaccine was recently developed which proves highly effective in preventing the spread of the virus. Government officials are strongly encouraging people to take the vaccine and many other organizations are even mandating a vaccine. Many people are skeptical of the long-term effects of the vaccine and/or feel pressure from the government, individuals, and other entities to receive the vaccine. Although data exists that supports the need for a vaccine in response to the damage that was caused by it, a sizeable part of the population believe these numbers to be inflated; people are over-reacting; and that one’s personal rights are being infringed upon. You are a leader in your organization, and you have a responsibility to turn profits and achieve organizational outcomes in addition to act responsibly to protect your colleagues, employees, external stakeholders, and maintain the health of your organization. You need to make a decision on how, if at all, you should implement a vaccine policy at your organization. As a leader, you need to consider the demographics, backgrounds, and beliefs that make up the internal and external stakeholders of your organization, and make a decision that is in the best interest for all internal and external stakeholders within your organization. Complete an essay that addresses the following: Describe and explain the key principles of utilitarian ethics, including ideas like higher-ordered pleasures and pains, act and rule utilitarianism, etc.. What is the role of utilitarian ethics in contemporary business? Describe and explain the key principles of stakeholder management theory. What is the role of stakeholder management theory in contemporary business? Explain how, if at all, managers/business leaders should implement a vaccination policy in response to the pandemic. Explain how your position positively and negatively affects those of different backgrounds (., race, religion, sex, politics, age, ability, culture, values, etc.). Provide in-text citations from objective resources to support your approach. How does your position positively and negatively affect individuals and certain groups of employees within the organization? Provide in-text citations from objective resources to support your approach. How does your position positively and negatively affect the organization as a whole? Provide in-text citations from objective resources to support your approach. How does your position positively and negatively affect the external stakeholders of the organization? Provide in-text citations from objective resources to support your approach. SLP Assignment Expectations Take some time to review the materials and take a position on the issue. Write an assessment of the situation. Identify key concepts of diversity and how they impact individuals and/or organizations. Apply knowledge of diversity to individual and/ or organizational situations. Demonstrate ability to see things from diverse viewpoints. It is expected that students complete their essays in APA format. This involves the following elements: Introduction paragraph that summarizes the main ideas of your essay. Body paragraphs with Headings that highlight the main idea of each portion of the assignment (do not restate the actual question within the expectations). Conclusion paragraph that re-summarizes the main ideas of your essay. APA-style in-text citations. Your paper should follow proper APA guidelines; be double-spaced; use 12-point type font size; and be free from grammatical, spelling, and punctuation errors.