Business Ethics

In the island of St. Lucius there are hundreds of thoroughfare children who have agree short addicted to inhaling gum tree that is used by shoemakers called Excela Chemical Stickfast. Excela is a large multinational association that manufactures the glue which contains a neurotoxin solvent called toluene. This solvent stimulates the neural senses creating a last. However, its negative launch is irreparable nerve damages. This was evident in the case of a 17 year old street boy who was sniffing the glue for 6 years and as a result has work crippled. The come with was pressured by the government to fill in the toluene for a harsher smelling chemic but they unlike claiming that the new chemical would change the quality of the product. Furthermore, they believed that the street children addiction was a cordial problem which was the government dilemma and that they should not have to establish lowering the standard of their product. Ethics is delineate as the princ iples, norms and standards of clear governing an individual or group. In the case above, the estimable issues identified are: The company has the efficient right to nonplus a product that is safe for the oecumenical public, especially minors. The company has the right to produce products that are of high quality for consumers.

The company has a legal responsibility to state the public of the noxious effects of misusing the product. Corporations exist to make a value. However, they should be socially responsible which is going beyond the strictly economic and legal responsibility. Corporate social r esponsibility has been conceptualized as a p! yramid constituting four types of responsibility that must be considered simultaneously: economic, legal, honorable and philanthropic. Economic responsibilities refer to a line of reasoning primary hold out as a producer of goods and services that consumers need and want, spot making an acceptable profit this responsibility, is considered to be primary, because without financial...If you want to ready a full essay, ordering it on our website: OrderCustomPaper.com

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