Currrent Business Problems: Case Studies: Lehman Brothers, British Petroleum, Monsanto, Merck, …
Choose one of the three ethical theories—i.e., utilitarianism, deontology, or virtue ethics—on the basis of your thoughtfully considered preference in general and independent of the business problem that you will select here.
To prepare for your selection of the current problem in business, look at the list of required articles and multimedia which are divided in the six case-categories as follows:
- Banking (Lehman Brothers)
- Environment (BP)
- GMOs (Monsanto)
- Pharmaceuticals (Merck)
- Gender Discrimination (Goodyear)
- Factory Farms (Perdue)
Choose the case-category that you find the most interesting and note that each category also corresponds to one particular case. Please choose carefully because your choice for this discussion will establish the case that will be central to your argumentative essay this week as well as your Final Project in Week Five. It is recommended that you leaf through all the required resources indicated for the possible case-categories that you identify as possible contenders before making your final choice.
Reflect: Once you have selected your ethical theory and your case category, articulate the characteristics of the economic system (or combination of both systems) that serves as the setting for the case presented in the case category sources. Given this context, examine how the nation’s laws affect the operations of the business.
Next, identify the characteristics of your chosen ethical theory and its notion of the moral good. For the latter, you will need to review again the PowerPoint that was introduced in Week One, which is also listed in this week’s Required Resources and it is titled The Moral Good in Three Traditional Ethical Theories. Then, think how you would apply the ethical theory to the specific problem presented in the case category sources.
Start your post by (a) identifying the issue or problem that you want to address in the case that you have selected and providing an impartial presentation of the controversy, (b) articulating briefly the characteristics of the economic system that serves as the setting, and (c) examining the laws that affect the operations of the business.
The following illustration should help. Consider, for example, the case of Uber that we examined in Week Two. If the California decision establishes a precedent for similar claims, then Uber would have to do business as an employer and not merely as a service that pairs consumers with ride sharing services by means of a unique phone app. Accordingly, the law would require Uber to reimburse its drivers for certain costs and perhaps offer benefits. Take in consideration, then, the legal setting for the case that you have chosen. Does the case take place in the United States or another country? What are the laws that are relevant to the problem under examination? Keep in mind that all laws are constraints on our actions, whether those by individuals or corporations. The relevant laws, then, will be (a) any laws that present not only a constraint on the company’s operations, (b) any laws that are being violated by the corporation, or (c) any laws that unfairly limit the goods and services that can be offered to and are demanded by consumers.
In a second paragraph, formulate a sentence that presents the moral position that you want to defend in regard to the issue or problem introduced in the previous paragraph.
In the same paragraph, present the ethical theory that you choose to employ. Your choices are utilitarianism, deontology, and virtue ethics, and the necessary material is included in the required readings and media. Make sure to identify the characteristics of the ethical theory, and include in-text citations and full references in APA form at the end of the post. Once you have done this, apply the ethical theory to your selected case by explaining how it lends itself to the moral position that you are defending.
Your initial post should be at least 400 words in length and have citations and references in APA notation. It should address the prompt in its entirety. This means that you should not split your response to the prompt in multiple posts. Your examination should be both thorough and succinct.