Business Ethics in Biotechnology
Impact analysis is a systematic approach used to evaluate the potential effects of a decision, action, or policy, particularly in terms of its consequences for various stakeholders. In the context of biotechnology ethics, it helps assess the implications of biotechnological advancements and practices, weighing the benefits against possible harms and ethical concerns. This method aligns closely with utilitarianism and consequentialism, as it focuses on outcomes and the overall good produced by these advancements.
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