Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Ethics in operations management
Managing diversity
Manage diversity in the workplace
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Ethics in operations management
Caltex plant was established in South Africa in 1977 after the owners decided to expand its operations in South Africa. The construction of the plant brought controversy over the interested parties, there were two dimensions of the utilitarian benefits of the Caltex plant, and there were violations of the justice and of moral rights whereas on the other side there were possible benefits to the South Africans. The plant setup was helpful in that it provided job opportunities to majority of South African blacks, for their families and dependants. By 1976, American companies in south Africa had employed more than 60,000 people, this ensured that they had something to rely on for their survival, another benefit is that Caltex provided support to south Africa’s economy hence aided the government in stabilizing general price level and controlling inflation, this prevented the shooting of prices, thus local blacks could afford commodities cheaply.
It was an argument put by Caltex that it had made a progress in implementation of the code of conduct draft by Rev. Dr. Leon Sullivan which was comprised of six principles, (investor research 1986) thereby adding to their argument that there continued operations was focused on the plight of the blacks. Caltex ensured implementation of equal pay for equal work and benefits without any racial discrimination in South Africa; it had made a positive stride of 40%. The other benefit is that Caltex wages was above the minimum south African government wage level, thereby aiding in blacks welfare whose per capita in 1980 at 30% while in Johannesburg alone wages had gone up by 118%.
Though the construction of Caltex plant had many benefits as discussed, the investment turned to be a tragedy and seriou...
... middle of paper ...
...le in the surroundings, such as sponsorships, workshops and even education scholarships.Primarily, the company should not only look at the rate of return when determining which investments to take up as the ultimate criteria, the mankind and God’s law should be respected, pollution, health hazards and core moral and social values are a great thing to look at when deciding on the investment scheme to take up as all are of equal importance. Again, those managers who come up with damageful opinions should be held accountable and even face the law for such thoughts that violate basic principles of mankind and humanity.
REFERENCES
Caltex in South Africa. (n.d.). Retrieved june 17, 2011, from HubPages: http://hubpages.com/hub/CalTex-in-South-Africa
Velasquez, M. (1995). A South African Investment. In BUSINESS ETHICS: CONCEPTS AND CASES . pearson education.
The Forja auto plant lies dormant after Menem’s crucial choices. The employees take action and form a new movement of workers who are occupying their own bankrupt businesses, which create jobs for the recently unemployed. Freddy Espinoza the president of La Forja joined with co-workers in hopes of bringing their factory back to life without a boss making all the decisions. The worker’s plan was to have a democratic organization where everyone votes on all decisions, not just one person making the choices. Their biggest inspiration on the movement was the Zanon Ceramics factory. The factory has been worker controlled for just over two years at this time, and succeeded in everything they had strived for. Just like Zanon becoming a successful cooperative business, some Canadian cooperative businesses have become very successful and well known. Agropur, a dairy company providing their products to name-bran yogurts and ice cream companies, is a very successful cooperative business. Even though Canada is mostly a neoliberalism country, abiding by the rules of having...
A large number of blacks indicate the animosity of the police towards the Africans Americans. The white people take advantage of psychiatric diagnosis liberty, to mistreat the Black Americans. Herbert’s statement, “… for private business, prison is like a pot of gold. No strikes. No union organizing. No health benefits…” inspires most white people (Herbert 51). For that reason, the black Americans face incarceration, in order for the white to enjoy the state resources. The initiative ensures that there is no opposition to White malpractices and prejudice. What is more, the health insurance benefits awarded to the Black Americans can also be channeled to the white while the Blacks are in incarceration. The issue of limitation of trade policies regarding Africa and the failure of international peacekeeping reveal that the US is pro-racism. Additionally, the leaders of America hold the view that Africa does not qualify for America’s national strategic interests. Consequently, the aspect of the debt repayment problem in most African countries confirms the schemes of the US in Africa. Herbert says, “…these are mostly illegitimate foreign debts, contracted during the Cold War by unrepresentative governments from Western creditors that sought to buy geopolitical loyalties, not to finance development in countries previously set back by Western colonialism…” (Herbert 63). The concern of prejudice across Blacks is real. The resistance to
2.Goodpastor, Kenneth. Nash, Laura. de Bettignies, Henri-Claude. Business Ethics: policies and persons 4th edition. Mcgraw Hill Irwin Publishers. Pages 396-405
Ferrell, O.C. "Business Ethics." Ethical Decision Making and Cases. Michele Rhoades, Joanne Dauksewicz. Mason: South-Western Cengage Learning, 2011. Print.
Verschoor, CMA, Curtis C. "Ethics: Do The Right Thing." Strategic Finance (2006). Retrieved on 18 September 2006 .
Business Ethics: Ethical Decision Making & Case Studies. Cengage Textbook. The “Mission & Vision”. DecisionOne Corporation. Web.
Ferrell, O., Fraedrich, J. and Ferrell, L. (2011). Business Ethics: Ethical Decision Making and Cases. 1st ed. Mason, Ohio: Cengage Learning, p.327 -336.
Jennings, M. (2009). Business ethics: Case studies and selected readings (6th ed.). Mason, OH: South-Western Cengage Learning.
Business ethics is a diverse field that cannot be defined with a single definition. This area addresses numerous issues, problems, and dilemmas within the management of businesses. Does this through numerous perspectives and methods. Of course, in order to present the complexities of business ethics, we must explore the types of issues that business professionals are continuously confronted with. To understand one must
Business ethics simply can be defined as the application of business values in the business practice of a company (Seawell 2010, p. 2). For a multinational company, business ethics is one of the critical aspects need to be taken into account in business decision-making processes. Failure to give attention on ethics may bring consequences on company’s reputation (Meyer & Jebe 2010, p. 159). The company is expected not only to pursue its own profits but also contributing to the environmental and social welfare of the community where it operates (Svensson & Wood 2008, p. 308).
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2013). Business ethics: Ethical decision making and cases: 2011 custom edition (9th ed.). Mason, OH: South-Western Cengage Learning.
Jennings, M. (2009). Business ethics: Case studies and selected readings (6th ed.). Mason, OH: South-Western Cengage Learning.
Economic activity always has an ethical aspect. No matter what type of business is taking place there is always an aspect of ethics. A business transaction occurs when people exchange a product or service for money. If the exchange is fair then both parties benefit and therefore both parties’ interests are served. Therefore this interaction between parti...
A consequences of focusing on organization or company’s stakeholder is that the shareholder value itself can be enhanced and improved when a wider stakeholder group-such as employees, provider or credit, customers, suppliers government and the local community is taken into account (Mallin, 2011). This theory also related to the organization management and business ethics that uphold moral and values in managing a company as it will covers the benefits to the society and other external parties as a whole rather than just for the internal parties.
Shaw, W. H., & Barry, V. (2011). Moral Issues in Business (Eleventh ed., pp. 230-244).