Ethics Paper

morality Paper MGT/498 prof The primary decision of morality and favorable business is self-assertive to the charge we do logical argument and live amongst society. Ethics nigh commonly love as the rights and wrongs ar principles and standards that establish what is know as acceptable postulate within an governing body. ecesiss move over moral and legal duties to carry through ethics when ontogenesis a strategical plan tour considering s lendholders and consumers, they do not compulsion to be be to or cheated into buying a false product. wrong companies volition use rapacious sales simulated military operation and patronising ways, of doing usiness to sell, promote and make from vulnerable consumers. Un estimable organizations believe in these tactics not realizing that ethical and h iodinst companies ply to be more profitable, redoubtable and operate amongst less(prenominal) stress from employees to managerial position. Social responsibilities be adep t as essential as ethics but pertain to a greater denture its an organizations obligation to pip a positive carry on rather than a negative one on society and the environment.An physical exertion of a jumpnership that overstepped ethical and social responsibility boundaries s the inunct and gas beau monde BP p. l. c. In 2010, a massive vegetable oil color color cast broke discover in the gulf of Mexico that was caused by oil drilling conducted by this confederation and its key contractors. This oil spill caused the death of cardinal individuals and cost the ready and its partners tens of billions of dollars in severalize to contain a runaway of the well, mitigate the regaining caused and compensate any the individuals and businesses impacted by the spill. The Telegraph). As a exit of this oil spill, the US Government established an anele Spill military mission hich was put in place to investigate the reasons for this disaster. The inform concluded that a number of know apart factors contributed to the spill which include oversights and straight off mistakes from BP and its contractors, Halliburton and Transocean, however that the vestigial reason was a failure from management (National Commission).Management, in an effort to minify the loss of returns, do concessions for a series of cost-cutting measures that include the quality of the materials used, neat cuts in examination processes and the reliance on fewer esources which ultimately contributed to the oil spill. The Commission as well as concluded that the overall industry nad deficiencies in its immanent controls decision making protocols, training and incarnate culture.As a result, the unmindful falls in this disaster were a cabal of oversights and negligence from three-fold parties thus extending the ethical and social responsibility among internal and external stakeholders (National Commission). As part of the furbish up process for the disaster, BP was requir ed to take actions to urther enhance the precaution of its drilling trading operations in the Gulf of Mexico.These actions included better chance management processes such as auditing and verification from third-parties, improved training for its employees, and the capital punishment of more effective and guardr equipment for well drilling (BP, Investigations and healthy Proceedings). Additionally, the companys sustainability report for 2012 includes a letter from the Groups head Executive which states that the plaques system freeing forward is to give value for its shareholders and upply goose egg throughout the globe in a safe and responsible manner.The avowal goes on to use other(a) key phrases such as becoming a safe attractor in the industry, a responsible bodily citizen and a good employer. The strategy also emphasizes the aim to enhance safety and risk management and discharge back the boldness and value of the Organization (BP, Sustainability Review 20 12). All indications are that the fraternitys behavior pre oil spill was autocratic and negligent and was potentially drive primarily by a centralize to provide strong returns on heir investments while compromising the justice and internal controls of the operations.Post oil spill, the Company has had to learn from the consequences of a very pricy disaster in order to stay in business and thrive. The Organization appears to understand now the inquire for effective communication, transparence and detailed due-diligence in all their efforts. In collusion ethics and social responsibilities within an organization take on an imperative role to the achievement of a society or company. Society must also be ware and produce themselves from scams, aggressive business tactics and do their part to prevent these wrong organizations from preying on vulnerable consumers.Ethics PaperEthics Paper MGT/498 Professor The primary purpose of ethics and social responsibility is imperative to the way we do business and live amongst society. Ethics most commonly know as the rights and wrongs are principles and standards that establish what is know as acceptable conduct within an organization. Organizations have moral and legal duties to implement ethics when developing a strategic plan while considering stakeholders and consumers, they do not want to be lied to or cheated into buying a false product.Unethical companies will use aggressive sales tactics and mischievous ways, of doing usiness to sell, promote and profit from vulnerable consumers. Unethical organizations believe in these tactics not realizing that ethical and honest companies tend to be more profitable, reputable and operate amongst less stress from employees to managerial position. Social responsibilities are Just as important as ethics but pertain to a greater scale its an organizations obligation to make a positive impact rather than a negative one on society and the environment.An example of a company th at overstepped ethical and social responsibility boundaries s the oil and gas company BP p. l. c. In 2010, a massive oil spill broke out in the Gulf of Mexico that was caused by oil drilling conducted by this Company and its key contractors. This oil spill caused the death of eleven individuals and cost the company and its partners tens of billions of dollars in order to contain a blowout of the well, mitigate the damages caused and compensate all the individuals and businesses impacted by the spill. The Telegraph). As a result of this oil spill, the US Government established an Oil Spill Commission hich was put in place to investigate the reasons for this disaster. The report concluded that a number of separate factors contributed to the spill which included oversights and outright mistakes from BP and its contractors, Halliburton and Transocean, however that the underlying reason was a failure from management (National Commission).Management, in an effort to minimize the loss of r eturns, made concessions for a series of cost-cutting measures that included the quality of the materials used, short cuts in testing processes and the reliance on fewer esources which ultimately contributed to the oil spill. The Commission also concluded that the overall industry nad deficiencies in its internal controls decision making protocols, training and corporate culture.As a result, the short falls in this disaster were a combination of oversights and negligence from multiple parties thus extending the ethical and social responsibility among internal and external stakeholders (National Commission). As part of the remedy process for the disaster, BP was required to take actions to urther enhance the safety of its drilling operations in the Gulf of Mexico.These actions included improved risk management processes such as auditing and verification from third-parties, improved training for its employees, and the implementation of more efficient and safer equipment for well drill ing (BP, Investigations and Legal Proceedings). Additionally, the companys sustainability report for 2012 includes a letter from the Groups Chief Executive which states that the Organizations strategy going forward is to create value for its shareholders and upply energy throughout the globe in a safe and responsible manner.The statement goes on to use other key phrases such as becoming a safety leader in the industry, a responsible corporate citizen and a good employer. The strategy also emphasizes the need to enhance safety and risk management and earn back the trust and value of the Organization (BP, Sustainability Review 2012). All indications are that the Companys behavior pre oil spill was irresponsible and negligent and was potentially driven primarily by a focus to provide strong returns on heir investments while compromising the integrity and internal controls of the operations.Post oil spill, the Company has had to learn from the consequences of a very costly disaster in o rder to stay in business and thrive. The Organization appears to understand now the need for effective communication, transparency and detailed due-diligence in all their efforts. In collusion ethics and social responsibilities within an organization take on an imperative role to the success of a corporation or company. Society must also be ware and educate themselves from scams, aggressive business tactics and do their part to prevent these unethical organizations from preying on vulnerable consumers.Ethics PaperEthics Paper MGT/498 Professor The primary purpose of ethics and social responsibility is imperative to the way we do business and live amongst society. Ethics most commonly know as the rights and wrongs are principles and standards that establish what is know as acceptable conduct within an organization. Organizations have moral and legal duties to implement ethics when developing a strategic plan while considering stakeholders and consumers, they do not want to be lied to or cheated into buying a false product.Unethical companies will use aggressive sales tactics and mischievous ways, of doing usiness to sell, promote and profit from vulnerable consumers. Unethical organizations believe in these tactics not realizing that ethical and honest companies tend to be more profitable, reputable and operate amongst less stress from employees to managerial position. Social responsibilities are Just as important as ethics but pertain to a greater scale its an organizations obligation to make a positive impact rather than a negative one on society and the environment.An example of a company that overstepped ethical and social responsibility boundaries s the oil and gas company BP p. l. c. In 2010, a massive oil spill broke out in the Gulf of Mexico that was caused by oil drilling conducted by this Company and its key contractors. This oil spill caused the death of eleven individuals and cost the company and its partners tens of billions of dollars in order to contain a blowout of the well, mitigate the damages caused and compensate all the individuals and businesses impacted by the spill. The Telegraph). As a result of this oil spill, the US Government established an Oil Spill Commission hich was put in place to investigate the reasons for this disaster. The report concluded that a number of separate factors contributed to the spill which included oversights and outright mistakes from BP and its contractors, Halliburton and Transocean, however that the underlying reason was a failure from management (National Commission).Management, in an effort to minimize the loss of returns, made concessions for a series of cost-cutting measures that included the quality of the materials used, short cuts in testing processes and the reliance on fewer esources which ultimately contributed to the oil spill. The Commission also concluded that the overall industry nad deficiencies in its internal controls decision making protocols, training and corporate culture.As a result, the short falls in this disaster were a combination of oversights and negligence from multiple parties thus extending the ethical and social responsibility among internal and external stakeholders (National Commission). As part of the remedy process for the disaster, BP was required to take actions to urther enhance the safety of its drilling operations in the Gulf of Mexico.These actions included improved risk management processes such as auditing and verification from third-parties, improved training for its employees, and the implementation of more efficient and safer equipment for well drilling (BP, Investigations and Legal Proceedings). Additionally, the companys sustainability report for 2012 includes a letter from the Groups Chief Executive which states that the Organizations strategy going forward is to create value for its shareholders and upply energy throughout the globe in a safe and responsible manner.The statement goes on to use other key phrases s uch as becoming a safety leader in the industry, a responsible corporate citizen and a good employer. The strategy also emphasizes the need to enhance safety and risk management and earn back the trust and value of the Organization (BP, Sustainability Review 2012). All indications are that the Companys behavior pre oil spill was irresponsible and negligent and was potentially driven primarily by a focus to provide strong returns on heir investments while compromising the integrity and internal controls of the operations.Post oil spill, the Company has had to learn from the consequences of a very costly disaster in order to stay in business and thrive. The Organization appears to understand now the need for effective communication, transparency and detailed due-diligence in all their efforts. In collusion ethics and social responsibilities within an organization take on an imperative role to the success of a corporation or company. Society must also be ware and educate themselves fro m scams, aggressive business tactics and do their part to prevent these unethical organizations from preying on vulnerable consumers.