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Business Ethics - Term Paper Example

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Ethics is an important part of a business transaction. That means that all the decisions made by a firm will have some impact on the way the business will be conducted. In the given situation, I would first try to investigate and try to find out if what Doug is saying is true…
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The other pressure that is involved is the fact that Doug had stated that the last person who had tried to raise the issue was sacked because of asking about the issue. That means that the job may be at risk and it could be lost if the management is not accommodative enough. In this situation, the questions that I would ask myself include the following, if there is an ethical issue at hand. The ethical issue that is under consideration is the fact that the bikes will not be effective and that may lead to loss of lives and other bad outcomes. The other thing I would do is to establish the key principles and values that are involved in the issue. The issues that are involved include the fact that the bike will be ineffective after 4 hours of usage. That can be checked to ensure that is a fact. The other thing would be to rank ethical principles that are relevant in the dilemma. The issues that can be ranked include the company’s profitability against the value of people’s lives. The other step would be to prepare an action plan that should be in line with the ethical principles. The action plan will be to suggest that the bikes be improved or totally scrapped off to ensure the safety of the users. After that, I would implement my plan laid down.
I would not recommend that the company pays the special $5,000 for the pedal to be placed on shelves of shops. That is not legal and ethical. Every product should be placed on shelves at the will of the buyer but the shop owners should not demand a price for putting the products on the shelves. That may be viewed, as a bribe and it would not be ethical. The considerations that can be put in place are the reasons that are behind the payment of the special fee. Green Move Company should not apply the cost/benefit analysis on the safety of the product. The costs may be more adverse and also the life of a person is not something to gamble with and it should be the first consideration while the rest come last. The risks that are involved include the company being sued for more money in case there is a loss that occurs and it becomes associated with the manufacture of the zero pedals. The other risk is the fact that the company may lose its reputation and that will be a risk factor because that will imply that the products that the company will sell in the future may not be considered by the customers. Question B Every organization should be a different entity from the affiliate companies and the owners. The owner of a company cannot be judged because of something that may have happened in his or her company. That also applies to the companies that are associated with a supply chain. A supply chain will involve wholesalers and retailers. All the businesses that are found in the supply chain are independent not unless they are owned by the same company. That means that each company transacts its businesses independent of any other business. In the case of the agreement between Green move and solar group, the agreement is not legally binding. The agreement is one that interferes with the internal affairs of another company and that means that the independence of the other company is interfered with. Anything that happens in another company can not affect ...Download file to see next pagesRead More
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