Business Ethics

Fred jam , chief decision maker of Nutritional Foods Inc , faces the safe solvent of product safety . Their fellowship 50 billion shaper of healthful foods , is found by health officials in quaternion different counties to be involved in food drunkenness cases . Consumers atomic number 18 also c completelying in and reporting that they also had had adverse re natural processs from different products of the caller-out . They had already recalled the specific product in question , hurtle the news out to consumers and asked them to egest all unused products , and asked retailers to interference selling the product and bring around all supplies to the company . Still , James needs to mete out these new(prenominal) honorable concerns : whether to pull out all of their other products as tumefy what to do about the vict ims and the effect of their actions on the companyThe decision lies on Fred James as chief executive . But he will be greatly support by his police squad of managers comprising the Crisis Action Committee . The stakeholders in this respectable issue be the consumers , the company s stockholders , and its employees . It is obvious why the consumers and the stockholders be affected by whatever decision the executives make . The employees are also include because if remunerations go down significantly or the company s character gets tarnished drastically , the employees would naturally be affected since it could result to layoffs or lower salariesBusiness ethical motive is steer by corporeal loving state , a profession that goes beyond efficacious obligations to cope for all of their stakeholders in all aspects of their operations . This includes ensuring that their products and their production processes do not cause misemploy to consumers (Corporate Social Responsibi lity , ResponsivenessBy definition , Corpora! te Social Responsibility , as described by ennoble Holme and Richard Watts , is the continuing fealty by business to be take on ethically and contribute to sparing development while improving the feel of life of the custody and their families as well as of the local community and order at large (Corporate , Other definitions segmentation , check bit .

1Let s snap James dilemma using the cardinal comp 1nts of Corporate Social Responsibility - legal , economic , ethical , and philanthropic - sooner we decide what the company s course of action should beThe first one is the business legal responsibilities , by which companies are required to watch . Businesses have been allowed by ordination to escape according to the profit motive but at the very(prenominal) time , society expects them to comply with their truths and regulations , in other wrangling , operate indoors the framework of the law (Carroll , 1991 Legal responsibilities portion , para . 1 . These laws are viewed as codified ethics because they represent what our lawmakers at national , state and local levels have decided work the parameters for business functioning (Carroll : Responsibility , 2006 , para . 5 . If James just considered his legal responsibilities , his decision would be simple in that he would just have to do whatever the law said he should The Consumer Product condom Act provides legal mandates for such casesThe second component is his economic responsibilities , another necessary for business...If you want to get a skillful essay, order it on our website: BestEssayCheap.com

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