struggles to resolve sustainability disaster-Ethic paper

struggles to resolve sustainability disaster-Ethic paper
SCENARIO
Read carefully the case study, “BP Struggles to Resolve Sustainability Disaster,” You dopt the role of an ethics consultant to this major corporation. Its top managers have asked you to investigate serious ethical problems alleged to have occurred. Your tasks are these: 1) determine whether BP, given the facts as presented in this case, generally has acted ethically or not; 2) decide what it ought to do differently going forward, regardless of its ethical history; and 3) state how the company should best focus on its energy sustainability plans in the future.

Consider the following when in addressing these questions:

1) What ethical obligations, if any, does a company have to stakeholders other than shareholders? That is, can “employees, local communities, suppliers” (p. 352) and a host of other stakeholders reasonably expect a for-profit corporation to value their concerns? Why or why not? What value, if any, should a corporation assign to the interests of non-owning stakeholders?

2) The Deepwater Horizon oil rig was built by Halliburton, owned by Transocean, and leased and operated by BP. Does this convergence of three different companies distribute blame and responsibility for the disastrous oil spill that occurred?

3) The Deepwater Horizon disaster has produced cleanup costs that may exceed $40 b. In addition, billions more ultimately will be spent as a consequence of criminal and civil penalties and
(over)
lawsuits. It also has produced an inestimable loss of reputation and good will for BP, a huge company that is more than a century old. Can this corporation truly expect eventually to recover fully from these sorts of damages, both monetary and abstract? Why or why not?

Way do many corporations believe that they must give evidence of acting ethically? Is this insistence just politically-correct window dressing in many instances? Or does it represent genuine moral concern on the part of top managers at the companies which issue them? Is it truly good business for a corporation to institute ethical practices? Or do these practices simply purchase a tawdry respectability within the community for a company?
Flesh out what you think about the role and significance of ethical considerations in corporate management.
You are then to adopt the role of an ethics consultant to this major corporation. Its top managers have asked you to investigate serious ethical problems alleged to have occurred. Your tasks are these: 1) determine whether BP, given the facts as presented in this case, generally has acted ethically or not; 2) decide what it ought to do differently going forward, regardless of its ethical history; and 3) state how the company should best focus on its energy sustainability plans in the future.

Here are points to consider in addressing these questions:

1) What ethical obligations, if any, does a company have to stakeholders other than shareholders? That is, can “employees, local communities, suppliers” (p. 352) and a host of other stakeholders reasonably expect a for-profit corporation to value their concerns? Why or why not? What value, if any, should a corporation assign to the interests of non-owning stakeholders?

2) The Deepwater Horizon oil rig was built by Halliburton, owned by Transocean, and leased and operated by BP. Does this convergence of three different companies distribute blame and responsibility for the disastrous oil spill that occurred?

3) The Deepwater Horizon disaster has produced cleanup costs that may exceed $40 b. In addition, billions more ultimately will be spent as a consequence of criminal and civil penalties and
(over)
lawsuits. It also has produced an inestimable loss of reputation and good will for BP, a huge company that is more than a century old. Can this corporation truly expect eventually to recover fully from these sorts of damages, both monetary and abstract? Why or why not?

You need not engage in research of your own regarding BP or business ethics. Most important for this assignment is your analysis of the ethical dilemmas suggested and your general recommendations as to how any ethical violations ought to be resolved and the strategies that BP ought to adopt going forward

 

Framing questions with which to approach the assignment are: Why do many corporations believe that they must give evidence of acting ethically? Is this insistence just politically-correct window dressing in many instances? Or does it represent genuine moral concern on the part of top managers at the companies which issue them? Is it truly good business for a corporation to institute ethical practices? Or do these practices simply purchase a tawdry respectability within the community for a company?

flesh out what you think about the role and significance of ethical considerations in corporate management.

 
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