Case 7: Gillian and Insider Trading Who has moral responsibility for deciding what to do? In this case we are introduced to Gillian Lee, the Senior Administrative Assistant to the VP of Operations at Global Potash Enterprises (GPE). Gillian is faced with the ethical dilemma of whether or not to use insider information about GPE to her advantage.…
Douglas’s friend has a moral obligation to blow the whistle on the company due to his moral obligation. Since the defect in the product is hurting children and they know how to fix the product yet the company will not fix it till the government forces the company to, Douglas’s friend should blow the whistle. Douglas’s friend should consider the impact of whistleblowing will have on his life, it will also effect his family. Douglas’s friend’s family obligations are morally relevant because he has a moral obligation to take care of his family and provide for his family. If Douglas’s friend is fired he will not be able to ensure his duties as a father and provide for his family any more.…
Solyndra, A U.S. Solar Panel Manufacturer Solyndra was the first manufacturer to receive a guaranteed loan from the government under the Energy Policy Act of 2005, and was endorsed as a model manufacturer for the clean energy economy. In this essay we will look at a brief history of Solyndra, their unethical behavior, ethical framework, and the laws that pertain to this company. It is always an unfortunate situation when a large company, such as Solyndra, is viewed as becoming very successful by so many, then quickly taken out of the game by unforeseen market changes and unethical decisions.…
When a situation is as complex as the case study above, ethical principles become the tool that guides our decision. This is exactly how ethics is useful to Petroleum Engineers. Another common ethical dilemma that engineers or anyone need to deal with is whistleblowing. Whistleblowing happens when accusing the organization or the manager of the organization of some wrongdoing. Some organization’s secret unethical acts could endanger the employees, society, animals or the environment.…
These are, systemic, corporate, and individual. What makes this an individual ethical issue is having to decide what is right for you, and what is the right thing to do. In a situation that has to do with money, and safety, it is important to rely on your moral beliefs. This also involves a systemic ethical issue because this will involve a lot of people in the area, as well as the reputation of the company and the governor who is buddy buddy with the CEO. Finally, this illustrates a corporate issue due to the fact that this situation can be broken down to acknowledge that a bribery is happening to cover up for a poor product.…
The ancient Greek philosopher Aristotle stated, “educating the mind without educating the heart, is no education at all” (BrainyQuote). In other words, intelligence that is not cultivated by an informed value system of ethic – is not intelligence at all. nowledge of how you should live, how you should treat others, the environment, those lessons come from the heart. That is what lies in the understanding of ethics, using rational knowledge to apply compassion to every decision you make. Accordingly, the IMA adopted a code of conduct which outlines four guiding standards in the IMA Statement of Ethical Professional Practice, which ensures the highest level of ethical practice and professionalism.…
We all know that safety is a crucial legal requirement that affects every industry, sector and business. In my opinion, I believe that both the manager’s responsibility for worker’ s health and safety, and moral responsibility shouldn’t be interchangeable; regardless if regulations are on paper or not. It is crucial to do the right thing and to be able to recognize the signs of irregularities. For example, the movie “Deepwater Horizon” truly exemplifies the importance of following the regulations for the worker’s health and safety; however, it was also imperative for the leaders to recognize that many people were at risk of losing their lives, but because the written paper showed “safe” readings, the leaders disregarded their morality to do…
They American Food Supplier asked their suppliers to provide false documentation regarding the money owed and the purchase documentation. Ethics governs the behavior of people as well as groups of people and distinguishes between good and evil, right and wrong (Maicibi & Yahaya, 2013). The case provides evidence of how the company was not ethical as it was involved in unethical activities that led to the loss of millions. As a result of the immoral activities, the company lost approximately two-thirds of its stock price value, Chief Executive Officer and Chief Financial Officer lost their jobs. Also, high-level managers from parent company stepped down to pave the way for…
Introduction This article, Building A “Backdoor” To The iPhone: An Ethical Dilemma, discusses Tim Cook, CEO of Apple, ethical dilemma to safeguard its customer’s trust and digital privacy or assist the U.S. government and the Federal Bureau of Investigation (FBI) to gain access to an iPhone device used by a terrorist to commit a heinous crime against society in the city of San Bernardino, California. In addition, evaluate methods in which managers with power and responsibilities characterized by Badaracco, an ethics professor at Harvard University, as the “dirty-hands problem” and the “right-versus-right” difficulties where “the moral dilemmas of management are, at bottom, clashes among different, conflicting moralities, among very different…
Throughout this paper, the ethics behind the popular Apple company will be discussed and shared. Ethics in business can be defined as “the study and examination of moral and social responsibility in…
Walmart is a corporation that is known not only in the United States but worldwide. The decision point covers the company’s ethics and how it handled a situation that occurred in their Mexico location. This paper will use the ethical decision-making model to identify the facts, ethical issues and the stakeholders. It will also cover the available alternatives, how decisions affect the stakeholders and offer guidance. Determine the facts…
Many decisions needed to be made during the planning of World Petroleum’s business ideas in Afrinia. While the company has made it clear that their main goal is to be profitable for the shareholders, there were still moral aspects to every decision that needed to be made. To me the most important ethical dilemma is developing a moral compass for the company and sticking to it, for example: how to approach the difference in the northern (Banu) and southern (Abani) cultures, dealing with officials, and the environment. To begin with, the south is a much richer society that dominates all of the political power and has a higher standard of living. This causes friction between the two groups.…
The movie “The Insider” is an award winning film that viewed several ethical reasoning tactics. The main character of the film was Jeffrey Wigand who was employed by Brown and Williamson that shared information with Lowell Bergman, a producer for 60 minutes, about their illegal activity. Although, Brown and Williamson was the third largest tobacco company in the country, they used their power to gain a profit by inserting illegal addictive drugs into their cigarettes. This company defined short run by maximizing their profits without care for their consumers. With this approach, it caused smokers to purchase their product with being unaware and endangered.…
6.) For Kant, what is the one thing that can be taken as good without qualification? And what is a deontologist and what is important to them? The one thing that can be taken as good without qualification is “good will”.…
Dennis Kozlowski has been accused of abusing Tyco’s profit money for personal purposes. The case was taken to court by SEC and jury was divided on the matter, having differing opinions. However, while analyzing the case on the basis of ‘Ethics of Management’, considering several factors such as moral impacts, economic outcomes and ethical duties etc., it may be found that Kozlowski has been at fault and should be punished fairly severely. Prior to July 1992, their net profit was $95 million, the return on sales was 3.1%, and the stock price was $4.30.…