Business Ethics Term Paper Example | Topics and Well Written Essays - 1250 words - 1

Business Ethics - Term Paper ExampleHowever, the objective towards attaining significant breeding in the code of conducts gives rise to several challenges regarding an effective practice of business ethics within the organizational framework (DeGeorge 9). Thesis Statement This essay in consorts to evaluate the case of Electrocorp, a computer component manufacturing smart set allied with the automobile industry identifying moral issues in relation to the case at hand. Explanation to the campaign at Hand Electrocorp is an US based electronic products manufacturing company that serves with computer components for automobiles. According to the case it has been discovered that the organization is facing a continuous decline in terms of its profits due to an change magnitude rate for costs incurred during the production due to increasing rate of raw materials, labor payrolls as tumesce as expensive process of disposal facilities. Moreover, the environmental regulations that the plan t maintains also requires higher amount of investments in its various safety procedures. In order to mitigate these consequences, the organization intends to relocate its manufacturing units in developing nations with the advantages of set about wage rates and availability of cheaper raw materials along with minimized cost for maintenance and flexible efficacious implications. Hence, the organization has been concentrating on Mexico, Philippines and South Africa as the most prospective regions to support the organizational objectives (Musalo, The Case of the prove Location). In the context of the case analysis, it can be considered that the organization might have to feeling certain dilemmas in yielding greater profitability through augmented production capacity scarcely reduced production cost, relocating its firm in developing countries serving with the advantages of low labor costs, cheaper raw materials and comparatively flexible legal barriers. For instance, according to t he case scenario, the decision of relocating its manufacturing plants to other country can be paying for Electrocorp to earn a greater profit margin, where the decision might give rise to various good issues in terms of job loss of the US laborers along with exploitation of resources served by the developing nation, i.e. the mean location to set-up the new plant. Theoretical Explanation Utilitarianism and the Principle of Utility The theory of Utilitarianism can be considered as an ethical normative theory. It is one of the well-known as well as widespread forms of consequentialism, where a clench of moral theories that state the suitability or unsuitability of few described actions, are studied. The philosophy hind end the theory of utilitarianism states that it is a moral worth of a specific action that can be intractable by its resulting consequences (National University of Ireland Galway, Business Ethic Utilitarianism). According to Mills theory of principles of utility, c ombined with the theory of Utilitarianism, states that actions which tend to augment happiness and positive thinking amid individuals are good whereas, the acts which impose pain and suffering to individuals owe to the influences of naturalistic fallacy shall be considered as bad (Mill 81). Deontology or Dignity of Persons Principle Dignity of