The Clean Power Company of Cincinnati, Ohio produces an energy regulating device that regulates the use of power in homes and businesses. They have recently discovered that the business is in distress and stands the chance of shutting its doors. The Clean Power Company has realized that moving their operations to a property they have recently purchased on the Chavon River in the Dominican Republic will stave off the closure of the business. The following will address the corporate social responsibility of the Clean Power Company’s decision to relocate to the Dominican Republic.
“When an incorporated business judges the effects of its decision on its multiple stakeholders, and then basis its decisions on the interests and needs of those stakeholders, …show more content…
They may be violating this responsibility for the reason that they are moving the company and they are also going to require employees to leave their community, family, friends, and their lives that they have established within that community. They are also impacting their own company as the stock of the company will suffer from the initial move and the cost to establish the new site in the Dominican Republic. This move will have a great impact on not only the stakeholders, but also will affect the stockholders of the company. The legal and economic impacts are only a small look into the corporate social responsibility that the Clean Power Company is required to concentrate on. Next we will look into the ethical perspective of the move and expand our thoughts for a comprehensive discernment of the …show more content…
It would be advantageous for the Clean Power Company to reassess the actions that they are about to set into motion as they begin their move to the Chavon River area in the Dominican Republic. The only positive ethical action to come from this move is the building of the school which will help the community. However, the company must weigh all of the consequences of their actions. Not merely the profit margins in the long
“When an incorporated business judges the effects of its decision on its multiple stakeholders, and then basis its decisions on the interests and needs of those stakeholders, …show more content…
They may be violating this responsibility for the reason that they are moving the company and they are also going to require employees to leave their community, family, friends, and their lives that they have established within that community. They are also impacting their own company as the stock of the company will suffer from the initial move and the cost to establish the new site in the Dominican Republic. This move will have a great impact on not only the stakeholders, but also will affect the stockholders of the company. The legal and economic impacts are only a small look into the corporate social responsibility that the Clean Power Company is required to concentrate on. Next we will look into the ethical perspective of the move and expand our thoughts for a comprehensive discernment of the …show more content…
It would be advantageous for the Clean Power Company to reassess the actions that they are about to set into motion as they begin their move to the Chavon River area in the Dominican Republic. The only positive ethical action to come from this move is the building of the school which will help the community. However, the company must weigh all of the consequences of their actions. Not merely the profit margins in the long