("Resolution of Business Ethical Dilemmas," n.d.)
At the same time, this strategy is very balanced. The only drawback is that there will be short-term pain (in varying degrees) for different stakeholders. This means that the firm can remain in business when the bankruptcy is occurring and maintain their competitive position inside the marketplace. This will help them to deal with any kind of negative effects and ensure that they are economically viable going forward. ("Resolution of Business Ethical Dilemmas," n.d.)
The way that this will make people feel, is to have mixed emotions about what is happening. This is occurring, with the bankruptcy hurting those who were harmed by repeated exposure to asbestos and the negative effects it will have on stakeholders. In this aspect, these issues will cause regret about the incident and the pain it is inflicting upon others. ("Resolution of Business Ethical Dilemmas," n.d.)
However, if the firm were to file for bankruptcy and reorganize, it will deal with the long-term consequences of the litigation that is taking place. This means that the company can move forward and will not harm employees or local communities (who depend upon it remaining in business). Over the longer term, this will ensure that company can continue to benefit these stakeholders and provide them with resources to help them. ("Resolution of Business Ethical Dilemmas," n.d.)
In this aspect, the Blanchard and Peele model is demonstrating how there will be positive benefits from going into bankruptcy. The only real challenges will be the immediate short-term impacts these decisions will have on stakeholders. However, over the longer periods, is the point these changes will lead to positive benefits. That will help a variety of stakeholders in the process. ("Resolution of Business Ethical Dilemmas," n.d.)
However, Immanuel Kant's beliefs are much different. This is because it is focused on the idea of doing unto others as you would have done to you. When this is applied to Jackson Miller, these...
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