Corporations are responsible for the impacts of its decisions and activities on society, the environment, and its own prosperity (What is Corporate Social Responsibility). The practice of selling contaminated product to a market, regardless of which market it is, goes against a corporation's social responsibility. International markets should have the same respect as the home markets for any corporation. There is also the utilitarianism doctrine that says that virtue is based on utility and the conduct should be directed toward promoting the greatest happiness of the greatest number of persons (Utilitarianism). The greatest number of people being served would be the consumers that would consume the products, not the employees in the company. The UN Global Compact also has principles for businesses operating on an international basis. "Principal 1: Businesses should support and respect the protection of internationally proclaimed human rights" and "Principal 2: Businesses should make sure...
The practice of selling the contaminated corn to the Mexico market is not supporting human rights and is being complicit in human rights abuses because there is no concern for human health of the consumers that will be consuming products with the contaminated corn. The U.S. Law states that corn contaminated with aflatoxin cannot be used for edible products sold in the United States. By doing so, it would bring about fines to the company.Corporation Ethical Role Foundations business ethics: What role business society? The study business ethics study legal application moral standards business decisions. In defining business ethics, defining voluntary role business: a business behave law dictate conduct law permits conduct benefit shareholders harmful ? Business Ethics: Case Studies Selected Readings (7th Edition) Required Reading: Jennings, M. The problem investigated concerns a comparison of views in what is referred to as a stakeholder's doctrine in
Corporation Diversifying Internationally In the recent past, after the onset of the economic meltdown, firms, companies and businesses at large have been resorting to less traditional methods and entrepreneurial tactics in order to combat reduced demand, much more competition and increased costs. International diversification was the answer for many firms, following in the tracks of multinational and transnational companies; many businesses have resorted to relocating their plants and facilities to gain
Responsible Journalism How the Press Covers the Most Important Events of Our Existence The media of our society is a complex conglomerate. One can read newspapers and magazines with the click of a button, and access countless journals with unlimited information much the same way. Furthermore, there is that monster of an invention that feeds biased and, sometimes, useless information every single minute of every day: the television. If an observer saw
Corporate Conduct Global corporations are often difficult to control because they operate in various countries throughout the world. As such actions that may be illegal in some countries are perfectly legal in others. Furthermore law enforcement officials and governments do not have the power to enforce laws that are outside of their jurisdictions. These issues call into question the effectiveness mechanisms that exist to control global corporate conduct. The purpose of
Corporations to be Ethical and Responsible Over the last several years, the issue of corporate ethics has been increasingly brought to the forefront. This is because there has been a transformation in how firms are interacting with various stakeholders. In most cases, there has been a shift in which parties will receive the greatest benefits from particular activities (i.e. The shareholders, board of directors, managers and analysts). This has increased
By doing so, they will safeguard the lives of the Miami inhabitants, as well as that of the millions of tourists to the region. What the local government would in fact do is to redistribute the funds collected in the form of taxes and redistribute them to the citizens by protecting them in case of emergencies. In case the endeavor fails, public pressure should be put on the authorities. b)
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