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Ethics in the corporate world
Ethics and corporate performance
Ethical issues and problems in business
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From an ethical perspective, the Tru-seal scenario provides a great deal of questions to be answered. Having been in the village for nearly 100 years, Tru-seal had built up a good reputation, the company being a fairly stable provider of jobs and working to limit its carbon footprint. However, with the pending deal with the Ford Motor Company and sale to the company from India, as well as the environmental issues, the company's leadership has several difficult decisions to make.
1. As the president of Tru-seal, prioritizing these ethical issues would be very difficult, as each has a great effect on a large group. The first issue that I would address would be whether or not to inform the union of the pending sale. When looking at this issue, I would need to decide the consequences of such a decision, how it would affect all the employees and how it might affect both the deal with Ford and the Indian company. Despite having such a tenuous history with the union, it may be deemed important that its members have a complete understanding of how decisions are made, which could lead to mutual understanding. However, in telling the union, it could cause an uprising and further increase the divide between the union and company leadership. This could lead to negative public sentiment and the loss of both the Ford and Indian company deal. In staying with the employment theme, next it would be important to decide whether or not to increase the number of jobs, even if those positions would be dissolved after two years. What would be important to consider here is the degree to which having those jobs would affect the village and the company. The question of whether or not the company has a duty to the village to provide these jobs, as from a u...
... middle of paper ...
... ensure that the best decisions is being made.
I did not feel as though it was ethically right to not involve the union a decision of this magnitude. I hope that rather than continuing the scorn and displeasure we have show one another over the last four years, we will be able to come together and solve this problem. Let me be clear, this does not mean that Tru-seal will not be sold and moving overseas in the near future. What it does mean, is that we are willing to work on trying to stay in Jones County, working with the union in order to keep jobs in the U.S. Over the next two years, we will evaluate how the company as a whole is operating. If it is at all possible to stay, we will try to the best of our ability to make it work."
- John Jay Patterson
President, Tru-seal Company
References:
1. DeGeorge, R. T. (2010). Business Ethics. Pearson. (pgs 44, 45, 100)
The case study of GMFC provides an example of a company attempting to avoid unionization of its workers. GMFC is expanding by building a new U.S. plant which will manufacture motorized recreational equipment. The company plans to hire about 500 production workers to assemble mechanical components, fabricate fiberglass body parts, and assemble the final products. In order to avoid the expected union campaign by the United Automobile Workers (UAW) to organize its workers, GMFC must implement specific strategies to keep the new plant union-free. GMFC’s planning committee offers suggestions with regards to the plant’s size, location, staffing, wages and benefits, and other employee relations issues in order to defend the company against the negative effects of unionization and increase...
This issues study is aimed to explain the importance of ethical business practices which also include social responsibilities and will be compared to an example of an unethical business practice. It will explore the different unethical issues in business, the benefits of running an ethical business and this will be done with reference to a certain case study.
Currently, businesses are facing a growing societal pressure to perform responsibly and sustainably. Western cultures have become more aware of the effect their consumption has on the environment. Furthermore companies are being put under pressure to treat labour, and where applicable, animals with greater care. However this is to an extent optional and it is often argued that corporate social responsibility is taken up voluntarily by the business and that following laws regarding ethical trading is just a prerequisite to “fulfilling the responsibility of enterprises” (Enderle, 2014, pp 723 - 735). Some businesses have monopolised on the added value of ethically sourced products, through promoting a positive brand
In today’s distinctly knowledgeable world, it is essential, as stated by Paine, Deshpande, Margolis & Bettcher (2005), for corporate companies to maintain certain codes of conduct. Paine et al (2005), continues to mention that organizations such as the European Commission have endeavored to endorse codes of conduct as the main drivers for corporate social responsibility. The principle aim of having codes is to assist companies effectively operate in diverse and varying cultural and geographic locations. This is especially important for exploration companies such as those involved in the mining industry. Although the Global Business Standard codex, as highlighted by Pain et al (2005), discusses eight underlying ethical principles, in this paper, our focus will be on only three of these which are listed as follows; reliability, dignity, and fairness principles. By analyzing each of these three principles, this paper will effectively evaluate business conduct in the mining industry.
...during the negotiation. Because they did not explicitly articulate their objectives to each other, the union and management did not reach a settlement that was mutually beneficial. I believe both teams prioritized “winning” over fulfilling their initial objectives. Therefore, I better understood how both teams suffered under pressure during the negotiation because they realized they could no longer rely on a zero-sum strategy. Moreover, I realized how important team cohesiveness is to the bargaining process. Both the union and management lacked basic cohesiveness among their team members and consequently exacerbated the contentious and emotional environment that they created during the negotiation. Nevertheless, under these circumstances I believe the union and management ultimately reached an adequate proposal that satisfied both sides of the bargaining table.
This case focuses on corporate obstacles to pollution prevention. Pollution prevention can complex especially for large corporations. There are many different forms of pollution prevention including emissions control devices and incremental changes in existing technology. The author reviews the impact of emissions controlled devices, however the focus of the case study is on incremental changes in existing technology. Incremental changes include substituting one or two steps in a production process or relationship changes between production steps. One example of incremental changes that was provided by the author was eliminating chlorofluorocarbons and saving energy by replacing a refrigeration process with a heath exchanger that can exploit waste cooling from another part of the process. There are three critical decision-making stages for incremental changes; identifying a pollution prevention opportunity, finding a solution appropriate to that opportunity, and implementing that solution. The author discusses the three aspects of an organization (culture, ability to process information, and its politics) and how they impact the decision-making stages.
1) The first ethical issue arises from the need for Shell to dispose of Brent Spar, the oil platform located in the North Sea. After conducting studies on the options that the company had to dispose of the platform they arrive to the conclusion that the best option was to sink it in the sea. The company was also taking into consideration the alternative of dismantled on land, however, Shell was not ready to assume this risks due to the dimensions and the weight of the structure. As a result Shell decided that sinking it at sea was the most convenient alternative in terms of costs and for all in general. As the company received the acceptance of the Government of the United Kingdom on the project and the preparations for the collapse began, a group of Greenpeace members seized the platform in order to try to stop the project. The organization acc...
The method of ethical decision making which was developed by Dr. Cathryn A. Baird presented two components contained in all ethical decisions which are; The Four ethical Lenses and the 4+1 Decision process. The Four Ethical Lenses issue claims that different ethical theories and the means in which we tend to approach the situations which form part of our ethical traditions are looked at in four different perspectives. From each perspective there are different values on which to decide whether the action taken is either ethical or not and each lens also lays emphasis on determining whether the decision made is of ethical requirement. In the 4+1 Decision Process, people who are responsible for making final decisions in an organization do it using four specific decision making steps and eventually will end up with one extra decision which gives a chance to reflect. The 4+1 decision process allows the decision makers to give solutions when faced with complicated ethical issues (John Muir Institute for Environmental Studies, 2000).
Toyota Motor Corporation demonstrates a high degree of ethical and social responsibility. Not only is Toyota one of the first auto manufacturers to offer hybrid technolo...
I wanted to follow-up on our discussion about union decertification and antitrust suits. Please forgive me if you already are aware of this.
The main problems that are affecting the company were the high level of labour turnover, below target production rates, high levels of scrap, the employees had little input in the decision making, therefore resulting in low motivation and job satisfaction, and didn't have enough feedback on there performance. Added to this was the conflict between the supervisors and employees in the production and packing areas, and the grading and payment levels wasn't satisfactory to the employees.
Ethical decisions need to be based on facts, have consistency, and ensure that all stakeholders have clarity with the mission. If the leader doesn’t feel comfortable still with the facts that are presented to them, they should seek their colleague’s opinion by involving them in making a collective and considered decision. If the leader has a mentor that they have asked for their input from before, the leader must ask them-selves, “Would my mentor come up with the same decision.” If the decision isn’t a resounding “yes,” then the leader may need to rethink their decision. Decisions always need to be carefully reviewed and considered, but a leader should set a goal for the decision to become effective and not prolong it.
In today’s fast paced business world many managers face tough decisions when walking the thin line between what’s legal and what’s socially unacceptable. It is becoming more and more important for organisations to consider many more factors, especially ethically, other than maximising profits in order to be more competitive or even survive in today’s business arena. The first part of this essay will discuss managerial ethics[1] and the relevant concepts and theories that affect ethical decision making, such as the Utilitarian, Individualism, Moral rights approach theories, the social responsibility of organisations to stakeholders and their responses to social demands, with specific reference to a case study presenting an ethical dilemma[2], where Mobil halts product sales to a garage, forcing the garage owner to stop selling solvents to young people. The second section of this essay will focus on advice that should be given to any manager in a similar position to the garage owner with relevance to the organisational strategic management, the corporate objective and the evaluation of corporate social performance by measuring economic, legal, ethical and discretionary responsibilities. It will address whom to think of as stakeholders and why the different aspect could cost more than a manager or an organisation could have imagined.
Stakeholders want to be associated with socially responsible companies, and as such expect them to adhere to a certain standard of behaviour in order to gain their trust. Companies are under strong pressure to behave ethically. They have to earn a ‘license to operate’.
The standards of ethics serve as guidelines for the conduct of individuals and businesses alike. Uzi Nissan acted h...