Ethical dilemma case
The institutionalization of business ethics: ethical dilemma case
Laws and regulations are established by governments to set minimum standards for responsible behavior-society’s codification of what is right and wrong. The issues surrounding the impact of competition on business’s social responsibility arise from the rivalry among businesses for customers and profits. Intense competition sometimes makes managers feel that their company’s very survival is threatened. In these situations, managers may begin to see unacceptable alternatives as acceptable, and they may begin engaging in questionable practices to ensure the survival of their organizations.
In the ethical dilemma case of Producto International (PI), Myron did a research about the betel nut tree and khat plant. Both of these plants present health dangers to humans, such as causing cancer, disorientation, suppress appetite and prevent sleep. Myron wanted to introduce these plants to pharmaceutical companies, however his boss David put him on the marketing team to develop strategies for introducing these to public. This is an issue involving social responsibility and the management of PI is motivated to sell products containing these plants, thereby present long-term danger to the public. The management wants to stay on top in the medicinal products industry and this affects their ethical choices. The company will be selling products containing health danger to people but will be profitable for sometimes until negative effects of such products are discovered.
There are advantages and disadvantages in Myron’s decision to stay with PI. Myron will have his salary tripled and will have a chance to live in Hong Kong for some time, as well as to travel to different countries for research and marketing. Myron will be earning a lot of money so will be his wife, since she is an import-export agent for a subsidiary of PI. His decision to be on the marketing team and acceptance to be promoted can be considered as
Laws and regulations are established by governments to set minimum standards for responsible behavior-society’s codification of what is right and wrong. The issues surrounding the impact of competition on business’s social responsibility arise from the rivalry among businesses for customers and profits. Intense competition sometimes makes managers feel that their company’s very survival is threatened. In these situations, managers may begin to see unacceptable alternatives as acceptable, and they may begin engaging in questionable practices to ensure the survival of their organizations.
In the ethical dilemma case of Producto International (PI), Myron did a research about the betel nut tree and khat plant. Both of these plants present health dangers to humans, such as causing cancer, disorientation, suppress appetite and prevent sleep. Myron wanted to introduce these plants to pharmaceutical companies, however his boss David put him on the marketing team to develop strategies for introducing these to public. This is an issue involving social responsibility and the management of PI is motivated to sell products containing these plants, thereby present long-term danger to the public. The management wants to stay on top in the medicinal products industry and this affects their ethical choices. The company will be selling products containing health danger to people but will be profitable for sometimes until negative effects of such products are discovered.
There are advantages and disadvantages in Myron’s decision to stay with PI. Myron will have his salary tripled and will have a chance to live in Hong Kong for some time, as well as to travel to different countries for research and marketing. Myron will be earning a lot of money so will be his wife, since she is an import-export agent for a subsidiary of PI. His decision to be on the marketing team and acceptance to be promoted can be considered as