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MGT610 - Business Ethics Graded Discussion BOARD (GDB) No. 1 Solution and Discussion Fall 2013 Due Date December 09, 2013

TOPIC: Business Ethics and Society


Learning Objectives

  1. To understand the role of ethics for business operations.
  2. To understand the importance of social responsibility for businesses.

 Learning Outcomes

  1. 1.       To find out how long term business repute depends on ethical decision making.
  2. 2.       To find out how social responsibility is a part of business functions along with profit generation motive.


Instructions to attempt GDB

1.      Do not copy information from internet as it is not required.

2.      Attempt the GDB by yourself and it will be entertained positively.

3.      Answer should be relevant and do not copy/paste from any website otherwise it will be marked zero.

4.      The Case is opinion based so provide your best output with justifications.

5.      GDB received after the due date will not be considered.

 

THE CASE

Pakistan cement, a cement manufacturing unit near a far-off residential area in Pakistan produces heavy smoke. Initially, this company could not install a standardized smoke filtering system in the chimney during construction phase of this plant. Now it has been almost a year since this company is manufacturing cement without following this environmental standard of ISO 14000.

Some of the literate people in the nearby residential area were of the view that this factory smoke is hazardous for the health of local resident. Further, they think that this company has no proper mechanism for the waste water management which pollutes their adjacent land that is used for cultivation purpose. After the failure of initial negotiation between the two parties, these local residents filed a lawsuit against this company demanding a punitive action against the company. These local residents were of the view that this company should not only standardize its smoke filtering and waste management system, but should also invest a part of its earnings for the welfare of this area, at least, with the so called greening of business strategy. In the “greening of business strategy”, industrial units have to invest heavily for plantation in their surrounding areas.


DISCUSSION QUESTION

Do you think that Pakistan Cement may have serious repercussions for long term business repute or it is just a matter of demand for retributive justice? Give at least five logical arguments in support of your stance.

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Replies to This Discussion

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I think it is serious repercussion for long term business  repute.

Its not easy to move a factory from one place to another.

If they move to new place the will face the same issues if the wastage management system is not proper.

In the other end  the should  do some thing for the local public where the factory is located by hiring local employees for factory.  "Not Sure".

If the wastage management system is not proper it will be trouble for the company in future.

dishonesty with  the local public can lead to a ruined reputation.

Trust and a strong popularity are some of your business’s most valuable resources. Actually, without these, you would not even be in business. You can develop these essential resources by creating socially responsible politics.

Size of plant and technology are of great significance, which determines economies of scale, energy efficiency and simple operation & maintenance, thus keeping the overall cost structure competitive.

the general need to protect Enviroment is well-understood, many continue to underestimate the possible repercussions that may follow a breach, and therefore do not take sufficient steps to protect,.

the company reputation is earned one person at one time, each part of management / controlling is contributes to that reputations

save work and protect the enviroments

promote the health and medicare to their families

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in my opinion this situation can create some serious repercussion for that firm because it is spreading pollution and the reason of many diseases in the area. Following are the some reasons to support my opinion.

  1. This situation can become the reason of defaming firm's repute which is harmful for long term business.
  2. Because people nearby have been filed the case in court so court can take hard action against the firm which will be unbearable for the firm in term of money and fame.
  3. Because Pakistan Cement is not fulfilling its social responsibilities so in this situation it can lost it's value in front of it's customers and suppliers.
  4. It can also lost Govt. subsidies which are mostly given to environmental friendly organizations for their reward to fulfilling social responsibilities.
  5. It will harmful for labour too so this situation will affect the production of the firm, this matters too.

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