Can both sides be right? Hardly, and when the initiative is analyzed with a critical eye, one sees that it looks like the initiative is a tactic for large corporations to appear to be following the letter of the law, but saving money by making Clean Air Act and EPA required equipment to reduce certain emissions by delaying capital expenditures and pushing out previous goals, thus saving millions if not billions of technological investment dollars. Likely these companies lobbied the Bush Administration, citing the need to reinvest in their businesses to become more competitive and thus, unable to divert funds into pollution control.
From the simplest ethnical standard, for instance utilitarianism, the initiative on its own might be ethical if not for the fact that it significantly alters previous legislation, and lessens the impact of EPS regulations on big-business. Certainly, stakeholders in those offending companies would benefit; stockholders, employees, management; but these people also breathe the air, live in the environment, and are part of the ecosystem....
However, the growth of the corporation introduced the concept of a fiduciary duty between stockholders and board members, in both open and closed corporations. (Stevenson, p.1144). Put succinctly, the board of directors has a duty to its shareholders to increase profits, and majority shareholders may have a duty to the corporation to vote in a way that increases profits. As a result, business ethics can actually conflict with both
Literature Review, Analysis and Discussion 7,500 words This section presents a review of the recent relevant peer-reviewed and scholarly literature concerning environmental sustainability in general and how environmental sustainability initiatives can help multinational corporations of different sizes and types achieve a competitive advantage in particular. Literature Review. According to Michalisin and Stinchfield (2010), "There is widespread consensus that human activity has had a significant impact on global climatic patterns which will have
Journal Entries: Flexible Budget for 2007 fiscal Year Beginning with a 240 million budget, (reflected by historical capital expenditures) the company should divide the budget based upon existing liabilities and historical expenditures, while bolstering expenditures in the general merchandise areas and apparel productions to offset any reduction in sales due to an overall reduction in the purchases of luxury items in the economy. The company should also reallocate funds in production of
Looking at the challenges that much human race face are in one way or another related to global warming and thus cannot be ignored. Thus connecting the two, family matters and environmental issues can help in making viable decision-making with considerations on the importance of the eventual effects as well as details at all levels; from individual to global levels (Houghton, 2004, p. 229). Though imposing changes in our lifestyles
46). Likewise, Gillispie suggests that an incremental approach can be used to "test the waters" for even very small companies seeking to project an internationalized presence. In this regard, Gillespie recommends that companies, "Craft a scaleable master design that represents the major aspects of your business worldwide and anticipates the degree of localization that will be required in each market. The degree of localization can have a real impact
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