CASE 30 “Goodbye‚ Indiana --- Hello‚ Mexico: The Whirlpool Plant Closing*” Ethics in Practice Case 1) Was the Whirlpool Plant Closing just another “business decision”‚ or did it carry with it social and ethical responsibilities and implications? Explain. This was not only a business decision‚ but it carried social and ethical responsibilities with it because the company was thinking for the benefit of its shareholders and consumers by making more energy-efficient products while keeping consumer
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Social Responsibility of Whirlpool Corporation Whirlpool Corporation is a global manufacturer and marketer of major home appliances‚ with annual sales of more than $18 billion‚ more than 73‚000 employees‚ and nearly 70 manufacturing and technology research centers around the world. The company’s family of brands‚ including Whirlpool‚ Maytag‚ KitchenAid‚ Jenn-Air‚ Amana‚ Brastemp‚ Bauknecht‚ Consul and other major brand names to consumers in more than 170 countries. Whirlpool Corporation is
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Case Study: Goodbye‚ Indiana - Hello‚ Mexico: The Whirlpool Plant Closing Complete the answers to the six questions at the end of Case 30‚“Goodbye‚ Indiana—Hello‚ Mexico: The Whirlpool Plant Closing”. pages 694-696 1. Was the Whirlpool plant closing just another “business decision‚” or did it carry with it social and ethical responsibilities and implications? Explain. The closure of Whirlpool plant definitely carries social and ethical implications. Many people will lose their jobs‚ leading to high
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1) Is it important for organizations‚ managers‚ employees to practice sound ethical decision making? Why or why not? Yes‚ it is important because not only do they hold their company’s reputation on the line they also are responsible for the lives of the people that are working for them and the environment that they are working in. When an unethical decision is made it can be penalized with fines and even jail time depending on the severity of the situation. 2) What are the 4 types of corporate
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Ethical Decisions and Responsibility Richard DeSordi Law‚ Ethics And Corporate Governance Professor Everett L. Bensten‚ Esq. February 13‚ 2013 Ethical Decisions and Responsibility Running a large corporation or organization will always be challenging. Making sure it is being run ethically with profitability only enhances the challenge. To be effective‚ ethical and profitable Dr. DoRight will need to be able to uphold the “Hippocratic Oath” (Hippocratic Oath‚ 2013) and identify who he and
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INTRODUCTION “The possession of knowledge carries an ethical responsibility” evaluate this claim 1-2 Knowledge can be a justified as a true belief‚ factual information or skills aquired‚ as stated by the Oxford dictionary: “facts‚ information‚ and skills acquired through experience or education; the theoretical or practical understanding of a subject”.1 It can also refer to the knowledge of human nature‚ perception and reason are ways of knowing which we use in our everyday life‚ making
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Jaime Nightingale Social and Ethical Responsibilities of Apple and Nike Corporate Responsibility Acts In the corporate world‚ companies must act responsibly in ways that go beyond the general goal of making money. Social and Ethical responsibility has grown from years before and has became a priority to growing companies in America. Meaning that the company must follow general rules such as consider broad impacts of their decisions and who they’re going to offend and that the corporation must
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Running Head: SOCIAL RESPONSIBILITY IN BUISNESS 1 Social Responsibility in Business Brian P. Bennetti Western Governors University SOCIAL RESPONSIBILITY IN BUISNESS 2 I think we would all agree that the primary objective of any business is to make a profit
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In examining the mission statements of multiple companies‚ it is apparent that corporations claim to prioritize social responsibility. Companies like Whole Foods‚ Ben &Jerry’s‚ Camano Island Coffee Roasters all actively contribute to different social causes. Even Philip Morris prioritizes “actively [participating] in societal concerns that are relevant to [its] businesses” over generating returns for its stockholders (Philip Morris‚ 2011). There are many different views on the extent to which
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Lesson 4 Social Responsibilities of Business You know that business is an economic activity‚ which is carried out on a regular basis to earn profit. However‚ you must have seen businessmen spending money on different aspects‚ which is not going to give them any profit straightway. For example‚ you must have seen businessmen maintaining and developing gardens and parks on streets and squares in cities. Some businessmen engage themselves in research for improving the quality of products; some
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