Ethics and Business Essay

The chief executive officers of all existing club are liable to meet the expected objectives as layed down by the shareholders of the phoner. The most significant of all factors of production is manpower basing the fact on the potential manipulation of this factor. All the other factors of production tend to move a stable status of manipulative capabilities. The ultimate goal of all juncture is to maximize profits, which is only achievable through a crystalline good considerations of personnel issues in the company.The employees of any existing company are hardly the consumers of goods and services of that respective company save rather beneficiaries in terms of wages and do goods. In a situation where the company in located in specific surface field of force where the living standard of touch community is high, it faces dire danger of satisfying the living requirements of the potential employee. In contrast, the right policy as regards the location of such a compan y should be towards the less developed area yet laying market strategies that would yield successful and profitable garbage disposal of the goods and services, the outcome of products of that company.Factors that whitethorn mother the rise in the monetary value of production The steal remunerations packages and benefits of the employees is a social occasion of polar concern in any company. There exists a carry relationship between the required remuneration packages and benefits for employees and the level of development of the area from which the employees reside. If the company cannot meet the expected standard of living of the employees as bring down by the living level, the morale and motivation of the employees is un come throughd.This may result to pitiful levels of production and strikes to the extreme negative side (Cory 2004 p 45-49) The nature of the area may also require some stringent measures of arctic regulations. These measures may be costly both in terms of time and money. The safety measures, which are internal to a company, raises the production cost of the company. The extra borderline is of crucial significance towards uplifting the companys profits for the benefit for the shareholders (Cory 2004 p57-59)Environmental regulations beat a similar trend of a require relationship between the location of an enterprise and the environment. An expensive system of gas disposal is required of the company because the environment requires special expensive disposal facilities (Cory 2004 p 67-69) A positive moral decision in relocating the company or retaining the company to the current location is necessary. Moral decision-making Several factors should be considered in the decision making process to come up with a moral and ethical solution.Finding facts is very crucial which should be followed by an appeal to values. Dealing with moral issues have different approaches. harmonize to utile Approach, ethical actions qualifies to be moral on ly when they strike a remnant of good over evil (Cory 2004 p 101-104) The superior good for the greatest number of muckle is the qualification of an ethical action. The preference of the action is set(p) by the greatest benefits and the least abuse. The effect of each action benefits and harm should be the guide to choice among the various courses of actions available (Cory 2004 p 98-99)According to the Rights Approach ethical actions are based on the ability of a person to choose what actions are beneficial for their lives while respecting the moral rights of others (Cory 2004 p 102-103) The fairness of justice approach is based on Aristotles teachings that equals should be treated equally and unequals treated unequally (Cory 2004 p 115-117) Issues of favoritism on one side and discrimination on the other are of crucial importance in the course of action. The Common Good approach explains an ethical action of an individual is being of good and beneficial to the community.The action should achieve wellnesscare, public safety, peace, legal justice and clean environment (Cory 2004 p 83-85) For the serious development of our humanity we should strive towards certain ideals. This is the ethical framework of the practical(prenominal) Approach. Character traits or attitudes inherent in individuals aid the highest potential development. workout of these virtues that help us to pursue our ideals includes honesty, courage, compassion, generosity, fidelity, integrity, fairness, self-control and prudence (Cory 2004 p 77-78)They move around the characteristics of a person once acquired which is crucial to individual action that are consistent with moral principles (Cory 2004 p 64-67) Through the use of the five approaches of dealing with moral problems, the most important ethical considerations are highlighted as a basis for deliberations. Possible relocation areas Mexico Labour, health, safety and environment factors are roaring in a number of border cities i n Mexico. The wages are extremely low, and $ 3 per daylight compared to $15 per hour in the States and this is a cause of employees resignations. However, labour turnover is high.There is also a high toxic chemical exposure tolerance and less rigorous environmental laws. However, due to high instances of birth defects that raise protest from health groups the plant relocation may be subject to adverse publicity. Cory 2004 p 104-105) Philippines to the advantage of the company labor costs in Philippines is $1 per day while safety, health and environment regulation are similar to those in Mexico. Opposition against the effects of safety, health and environment hazards such as cancer and birth defects are silent. South Africa there are positive conditions but less favourable economic terms.South Africa as compared to Mexico and Philippines. Labour cost is $10 per day and a possible future pressure to sum up the package due to the existence of a strong labour union movement. Health and safety measures and exposure to toxic chemicals are fields that have not been ignored. Cory 2004 p 106-107) These are the actual facts concerning the possible relocation lays for Electrocop high society in the US. The facts will require some ethics or godliness to come up with a utmost decision. This involves analysis of any passage of arms of negative effect to people, animals and environment, institutions and society.The outcome of the decision to people and the community and any possible stakeholders should also be explored while making consultations to the relevant persons. The final decision should be the one the most good effects to the people and least harm. The rights and dignity of stakeholders should be withheld. Common goodness should be promoted and a full participation community. Society Company or family uplifted. The option of choice should enhance the character development of valued individual, professional or social traits. All these perspectives are signi ficant in taking the most appropriate option.Conclusion The chief executive officer of Elecrocorp is exposed to options of relocation in Mexico, Philippines and South Africa from the United States. The current site of operations is a curse to perpetual progress of the plant and faces a close down in the near future. Although it is a major employer, the risk of closure is of no benefit to its employees. In consideration of balance between continued business operations and ethical moral effects of its relocation, South Africa offers the best alternative site to its current site in the US.