Bhopal, India Disaster Of 1984

For this section, I will use the unified ethic, which, as you recall, consists of the three principal positions in moral philosophy – deontology, teleology, and character theory. It combines these positions into an integrated whole and, therefore, provides a practical perspective on the ethical challenges faced by public administrators. The unified ethic encompasses the three key arenas of ethical decision making. Using these, it will buttress my argument that if the actors surrounding the mine disaster had acted using the unified ethic, the sad reality of one hundred eleven lost lives might have never come to

Corporations can be large or small but they all have some sort of ethical impact on their employees, shareholders, customers, community, and surrounding environments. Richard DeGeorge writes, “We can speak of corporations having moral responsibilities to act in certain ways, and they are morally responsible for the consequences of their actions on people.” (p. 200). Large corporations are comprised of the board of directors, management, and their workers. They also deal with suppliers, customers, and have competitors. This essay will examine the moral responsibilities within a corporation.

The corporate world has an unfavorable view of itself by being selfish, evil, and against the average American. Companies market themselves and their products in certain ways that makes them and their products appealing to everyone and if not everyone then a certain group of people. Every company has a mission to follow and values to go by, but some companies lack ethics and morals. In this paper I am going to talk about one company that engages in ethical behavior and another that doesn’t.

The requisites in the Code of Ethics represented in the Sarbanes-Oxley Enactment have formed a foundation in the world of business because business administrators and stakeholders are now mandated to abide by the guidelines in the Act but they still need to be improved. When tackling the issue of social responsibility of a corporate it is of utmost significance that transparency be a key contributor, while ethics is considered by most in business as an oxymoron. People that lack moral standards will more often than not look for loo-holes in this relations due to their evil behaviors, however business principles and moral publication should be ensured so that such behaviors are dealt with in line with the law. “There has been a number of scandals reported in relation with accounting fraud and bad corporate governance as this are termed the biggest reasons why businesses are failing as high-profile organizations continue to subside. Investor confidence levels dropping in relation to financial capital markets due to investors incurring losses and correction mechanisms of the market that were in place were inadequate thus forced the enactment of the SOX Act by Congress (Jain,

"In the midst of the poverty and chaos in Bhopal, Union carbide opened its chemical plant in 1969" (17). The plant is located at the city limits

We will look at the Enron Corporation and discuss its application of Corporate Social Responsibility (CSR) or in actuality its irresponsible behavior as related to social responsibility. We will revisit what CSR is and discuss Enron’s philosophy regarding its use and function within the corporation. We will discuss the consequences of Enron’s irresponsible behavior and the far reaching effects it had on society.

Enron’s ride is quite a phenomenon: from a regional gas pipeline trader to the largest energy trader in the world, and then back down the hill into bankruptcy and disgrace. As a matter of fact, it took Enron 16 years to go from about $10 billion of assets to $65 billion of assets, and 24 days to go bankruptcy. Enron is also one of the most celebrated business ethics cases in the century. There are so many things that went wrong within the organization, from all personal (prescriptive and psychological approaches), managerial (group norms, reward system, etc.), and organizational (world-class culture) perspectives. This paper will focus on the business ethics issues at Enron that were raised from the documentation Enron: The Smartest Guys

Industries around the world, some more than other, have revenue and assets higher than the GDP of a number of nations. This makes them more powerful than those nations. These companies are run by Individuals who essentially make decisions on how the profit is made and how operations and activities are carried out. Their actions and decisions could potentially have an impact on a number of things, generally; the environment, national economies and even the lives of people somewhere on the globe. Making ethical decisions entails the decision maker(s) moral judgement about what is right and wrong and is carried out based on what they think is the right course of action. This may involve whiling away what could potentially increase a business’s yield financially but will also cause harm or pain for other stakeholder’s involved. This is why among many other reasons, ethics is very important for both the businesses and the society.

Ethics is broad and shares several perception of right and wrong. In today’s society events are occurring that makes individuals question the actions or behavior of our citizens and organizations. Unfortunately, several events or situations may suggest that we live among a cruel humanity that lack morals or ethical values. And this may deprive from the ethical concept of normal behavior - what is appropriate and what is inappropriate. Meanwhile, the discussion of ethics leads to a case study concerning a manufacturing company in North Carolina, who has decided to relocate their production and products to a developing nation in Southeast Asia. The organization’s primary reason for this transition, is to lower labor cost which the company will

essay all about. Along with this explanation, the relevance to the business world will be stated. Furthermore, the essay will approach the ethical problem both from a consequentialist and a

Decision Alternatives: Currently the Vice President is faced with a daunting decision. The CEO has clearly expressed her position not to disclose the company’s situation. The knowledge of the chemically contaminated tanks, buried beneath company headquarters, is entrusted to a few key individuals. I would now like to discuss another author by the name of Peter A. French. In an excerpt of “The Corporation as a Moral Person” French states, “corporations can be full-fledged moral persons and have whatever privileges, rights and duties as are in the normal course of affairs accorded to moral persons” (French, 1979). Peter French argues that corporations have “responsibility relationships.” By identifying who is responsible, one can simultaneously determine who is liable. Corporations, as Peter French would argue, have a social responsibility.

Three causes of the 1984 Bhopal Chemical Plant disaster in India were long-term financial difficulties, poor safety management and inadequate emergency plans. The disaster occurred when water entered a methyl isocyanate (MIC) storage tank, which led to a runaway reaction and then discharged toxic MIC vapour into the atmosphere. The leak caused the deaths of more than 2,000 people and injured about 200,000 locals in the surrounding shanty towns (Kletz 2009, p. 338).

Business Industry has witnessed the outcomes of bad moral decisions taken by business leaders. Enron’s story is only one example of corporate scandals and cases of bad moral decisions, which has not only shaken the public trust in corporations, but also affected the bank accounts of investors and employees. Before the bankruptcy of Enron; it was included in one of the fortune 500 companies after its fraudulent accounting case the share went down to $1 (Enron scandal, 2010; PBS, 2002; Godwin, 2006; Godwin, 2008).

It seems like business morals and ethics are being whisked to the side in lieu of the ever growing demand of higher stock prices, rising budget goals and investor profits. Despite the increased regulation of corporations through legislation, such as, Sarbanes-Oxley, some corporations still find themselves struggling to maintain ethics and codes of conduct within the workplace. In reviewing the failings of the Enron Scandal, one can heed the mistakes that both individual and organization malaise, such as, conflicts of interest, lack of true transparency and the sever lack of moral courage from the government, executive board, senior management and others, contributed to the energy giant’s downfall.

Important Note: This sample essay mainly illustrates the structure of your assignment on ethical issues of a company selected by you. You may first identify two or three ethical problems and then discuss how to solve them. Remember including relevant citations to support your evidences and viewpoints.