Enron is a prime example of the hardships a company as well as its employees and stakeholders can face when a company puts ethics and social responsibility to the side. This also reinforces the fact that companies should develop their strategic plan with these in mind and then sticking to the plan then taking appropriate steps to keep the plan updated to continue on the road to success.
Pragmatism in ethics is a form of consequentialism as presented in this work. The focus of pragmatism is on the resultant actions while utilitarianism emphasizes usefulness. Pragmatism, according to William James, is derived from the Greek word pragma, which means action and serves as the basis of our English words practical and practice.(Greek.