Essay about Considering Ethics when Making Business Decisions

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Considering ethics when making business decisions: The thin line between strategic and immoral alternatives

Business decisions are made with the bottom-line concept as the primary focus. As definitions of business and business ethics evolve, the concept of this focus also reshapes the decision and the decision making process. Case studies have shown that decisions are made by management that involves individual perception as well as business goals. Some scholars such as Drucker (1981) and Friedman (1970) dissent as to what that focus should encompass. The definition of business ethics is the region of the organization that narrowly defined by the goals of the organization itself. Though most organizations readily acknowledge its
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It was later discovered that the interruption of was an indirect factor that lead to the death of Mrs. Muliaga. According to the coroner’s report, the interruption of services was not the immediate cause of Mrs. Muliaga’s death but was instead the cause of the stress that attributed to the already deteriorating set of circumstances. Although the coroner’s report did not implicate Mercury Energy’s action as a culprit in the death of Mrs. Muliaga’s death, the surrounding community had viewed the actions as nothing less than callous and unethical. The immediate reaction by Mercury Energy’s management only further exacerbated the situation. The initial response from Mercury Energy was the total denial of any wrong doing (ethically or legally). Later the company would acknowledge its lack of full attention to the situation. Eventually the company would also attempt to make amends with the situation by publicly announcing its intentions to address the problem internally via application of corporate governance initiatives. These applications of corporate governance initiatives would be the (in this case) the show of attempt to appease both the community and law regulators. This response, according to Eweje and Wu (2010) would be the acknowledgement of management of the “importance of dealing with social issues” (p. 383). Since the

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