Business Law and Ethics Essay Example | Topics and Well Written Essays - 1500 words

Business Law and Ethics - Essay Example The next question will be what should be the ideal state with respect to working condition, and quality assurance. The next question involves what is the minimally accepted state with respect to working condition and quality assurance. The Next question I will ask is what steps and procedures should we put in place to ensure that we significantly improve our present situation to the minimally accepted state. The last question is what procedures we should use to raise from the minimally accepted state to the ideal state. I will use utilitarian theory of business ethics. I prefer utilitarian theory because it lays high emphasis on ethical decisions that advance the most value to all the stakeholders while at the same time limiting amount of damages to the minimal number of participants as possible. Because I want well for the majority, my ethical decision should cause less harm to the stakeholders of Delectables Corp. while at the same time increasing value for everyone. The decision o f whether to blow the whistle or not is one of the most challenging because it involves a lot of thinking. I will first thinking about the impact of blowing the whistle on the future performance of the company. ... The stakeholders’ model recognizes the role and contribution of different individuals towards success of the organization especially the customers, employees, suppliers, government, and creditors. It is undoubtedly that a wide range of risks is associated with blowing the whistle. The first risk associated with whistle blowing is loss of employment (Trimborn). I will not only put my job at risk but also of other employees. This claim can be justified by the fact that boycott of company products- peanut butter in the market will force the company to reduce its production, which in turn translates to job cuts to allow the company from insolvency owing to large salary and wages payout. The next major risk associated with whistle blowing is dissolution of the company. A company can lose its competitive edge owing to unethical and illegal practices, which can consequently lead to closing down of the company. Whistle blowing also put the company at the risk of losing its revenue. Th is can happen when the company is charged hefty fines for illegal practices or when the company loses its market share owing to unethical practices in manufacturing of peanut butter. Customers tend to shy away from companies that do not observe stipulated ethical and legal standard by industry the regulators, bylaws, or laws. Whistle blowing is not only risk as it also comes with a wide range of benefits. The first benefit of whistle blowing is the fact that it brings sanity in the operations of Delectables Corp. by ending wrongdoings such selling of peanut butter with questionable quality. Whistle blowing also protects the interest of key stakeholders especially customers especially if consumption of the service or product can lead to bodily harm or chronic