Preview

Contemporary Management Issues

Best Essays
Open Document
Open Document
3917 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Contemporary Management Issues
1. MOON GATE COMPANY
a.What are the ethical issues raised by this case?
In this case, few issues had raised. First is the environment issue. The cement plant will produce air pollution (Shapley, 2010) as well as sound pollution which is affecting local resident health (Mndeme & Mkoma, 2012). Second is the health issue where the local residents have the risk of loss hearing (Mndeme & Mkoma, 2012), respiratory problem and cardiovascular problem (Sana, Bhat & Balkhi, 2013) because of the pollution emitting from the cement plant. Third is the complaint issue where the local resident had filed a suit again Moon Gate Company regarding the pollution issued which affecting their daily tasks and health. Lastly is the decision made by court against the suit filed by local resident to the Moon Gate Company and the action taken.

b. Was the decision of the court in this case fair? If so, why? If not, why not?
The decision of court can be seen from different of views. It can be fair or not fair. In the case scenario, the court is demonstrating teleological position on closing down the company. According to teleological perspective, an action is considered ethical when it produce outcome which is favorable (Zakaria & Lajis, 2012). If the cement factory is not closed down, the local resident will have the working opportunity which eventually reduced the unemployment rate among the residents. Hence, the outcome of this action will worth for the value which can be also known as consequentialism (Gregorowius, Matthies & Huppenbauer, 2012). If the cement plant is not closed down, the Moon Gate Company will be able to continue the operation which is a great benefit to the factory. Besides providing working opportunity, the company also pays a lump sum of money to compensate the affected residents. This is a utilitarianism viewpoint in which this is the greatest decision where both the company and local residents get the most benefits (Audi, 2007). Besides that, the decision is



References: AMATO, I. (2013). Green cement: Concrete solutions. [Online] Available at:http://www.nature.com/news/green-cement-concrete-solutions-1.12460 [Accessed 5 December 2013]. AMERICAN RED CROSS. (2007). Government Liaison Handbook. [Online] Available at: http://www.tallyredcross.org/library/dsp/dspg-PS-GovernmentLiaisonHandbook.pdf [Accessed 8 December 2013]. AMERICAN RED CROSS. (2013). Our Federal Charter. [Online] Available at: http://www.redcross.org/about-us/history/federal-charter [Accessed 8 December 2013]. AUDI, R. (2007). Can Utilitarianism Be Distributive? Maximization and Distribution As Criteria In Managerial Decision. Business Ethics Quarterly. 17(4). pp.593-611. BARNETT II, W.B., SALIBA, M. & WALKER, D. (2001). A Free Market in Kidneys: Efficient and Equitable. The Independent Review. 5(3). pp.373-385. BENNER, K. (2008). Did Madoff act alone? [Online] Available at: http://money. cnn.com/2008/12/18/news/newsmakers/madoff_didnt_act_alone.fortune/ [Accessed 7 December 2013]. BERNSTEIN, J. (2010). The Madoff Circle: Who Knew What? [Online] Available at: http://business-ethics.com/2010/06/03/1614-the-madoff-circle-who-knew-what/ [Accessed 7 December 2013]. BRICKNELL, S. (2011). Misuse of the non-profit sector for money laundering and terrorism financing. Australia’s national research and knowledge centre on crime and justice. 424(9). pp.1-6. BUCHANAN, C. & PRIOR, E.W. (1984). Bureaucrats and Babies: Government Regulation of the Supply of Genetic Material. Jornal of Economic Record. 1(9). pp.222-230. CAMPBELL, A. (2011). SEC 's Schapiro under fire in Madoff conflict case. [Online] Available at: http://www.risk.net/operational-risk-and-regulation/news/2111466/secs-schapiro-madoff-conflict [Accessed 7 December 2013]. COCHRAN, C. (2012). The Fraud of the Century: The Case of Bernie Madoff. [Online] Available at: http://prezi.com/kihyvi_-suwq/the-fraud-of-the-century-the-case-of-bernie-madoff/ [Accessed 7 December 2013]. COHEN, S. (2007). “Good Ethics is Good Business” – Revisited. Journal of Business Ethics. 1(1). pp.1-10. DRUM, K. (2009). Selling Your Kidney. [Online] Available at: http://www.motherjones.com/kevin-drum/2009/07/selling-your-kidney [Accessed 6 December 2013]. EPSTEIN, K.C. (2007). CASE STUDY: American Red Cross. [Online] Available at: http://www.contributemedia.com/trends_details.php?id=107 [Accessed 8 December 2013]. FIELD, A.C. (2011). SECs Conflict of Interest Scandal Part 1: The Madoff Conflict. [Online] Available at: http://abigailcfield.com/?p=361 [Accessed 7 December 2013]. FRIED, E. & FRIED, A. (2006). Payment for donor kidneys: Pros and cons. Journal of International Society of Nephrology. 69(2). pp.960-962. GILL, M.B. & SADE, R.M. (2002). Payment for Kidneys: The Case for Repealing Prohibition. Kennedy Institute of Ethics Journal. 12(1). pp.17-46. HAYDEN, V. (2009). Lessons To Be Learned From The Latest Ponzi Scheme. Fairfield County Business Journal. 1(2). p.10. HEIDELBERG CEMENT GROUP. (2008). Air pollution control and noise emissions. [Online] Available at:http://www.heidelbergcement.com/global/en/company/sustainability/environ ment/local_environmental_impacts/emissions.htm [Accessed 5 Decemeber 2013]. HENRIQUES, D.B. (2009). Lapses Kept Scheme Alive, Madoff Told Investigators. [Online] Available at: http://blog.mysanantonio.com/leecusenbary/2009/10/lapses-kept-scheme-alive-madoff-told-investigators/ [Accessed 7 December 2013]. HOLGUIN, J. (2002). Red Faces At The Red Cross. [Online] Available at: http://www.cbsnews.com/news/red-faces-at-the-red-cross/ [Accessed 8 December 2013]. HOLZER, J. (2011). Ex-SEC Lawyer 's Madoff Ties Face Scrutiny. [Online] Available at: http://online.wsj.com/news/articles/SB10001424053111904491704576575170758369248 [Accessed 7 December 2013]. JONES, A. (2013). The Five Things You Need to Know About the Madoff Trial. [Online] Available at: http://blogs.wsj.com/law/2013/10/08/the-five-things-you-need-to-know-about-the-madoff-trial/ [Accessed 7 December 2013]. KAVANAUGH, J.F. (1999). The Gift of Life At Death. Journal of America. 1(4). p.16. LADENSON, R. (1994). Intercollegiate Ethics Bowl Case. [Online] Available at: http://ethics.iit.edu/EEL/Atlantic%20Cement.pdf [Accessed 5 December 2013]. LAWLOR, R. (2011). Organ Sales Needn 't Be Exploitative (But It Matter If They Are). Jornal of Bioethics. 25(5). pp.250-259. MANDI. (2011). The Tribune. [Online] Available at: http://www.tribuneindia.com/2011/ 20110517/himachal.htm#top [Accessed 5 December 2013]. MCBRIDE, E. (2011). Red Cross Misuse of Funds For Haiti Sparks Protest In 12 U.S. Cities. [Online] Available at: http://www.jacksonadvocateonline.com/?p=1500 [Accessed 8 December 2013]. MCCARTHY, A.H. (2009). Ethics and the American Red Cross. [Online] Available at: http://www.anniemccarthy.net/uploads/1/5/0/4/1504159/2009-dec-ethics_and_the_ american_red_cross.pdf [Accessed 8 December 2013]. MITCHELL, M. (2009). American Red Cross: Stealing Your Donation Money. [Online] Available at: http://voices.yahoo.com/american-red-cross-stealing-donation-money-2804847.html?cat=48 [Accessed 7 December 2013]. MNDEME, F.G. & MKOMA, S.L. (2013). Assesment of Work Zone Noise Levels at a cement factory in Tanga, Tanzania. Ethopian Journal of Environmental Studies and Management. 5(3). pp.225-231. MURPHY, F. & BYRNE, G. (2007). Ethical issues regarding live kidney transplantation. Journal of Nursing. 16(19). pp.1224-1229. NGUYEN, T. (2012). Bernard Madoff Case Analysis. [Online] Available at: http://myphilosophy481.blogspot.com/2012/10/bernard-madoff-case-analysis.html [Accessed 7 December 2013]. OHREEN, D.E. & PETRY, R.A. (2012). Imperfect Duties and Corporate Philanthropy: A Kantian Approach. Journal of Business Ethics. 106(3). pp.367-381. PAGUIRIGAN, M.S. (2012). Sacrificing Something Important: The Lived Experience of Compensated Kidney Donors in the Philippines. Nephrology Nursing Journal. 39(2). pp.107-117. PBS NEWS HOUR. (2005). American Red Cross Troubles. [Online] Available at: http://www.pbs.org/newshour/bb/health/july-dec05/redcross_12-14.html [Accessed 8 December 2013]. RENOUARD, C. (2011). Corporate Social Responsibility,Utilitarianism, and the Capabilities Approach. Journal of Business Ethics. 98(1). pp.85-97. RHODE, D.L. & PACKEL, A.K. (2009). Ethics and Nonprofits. [Online] Available at: http://www.ssireview.org/articles/entry/ethics_and_nonprofits [Accessed 8 December 2013]. ROSEN, L. & VINING, A.R. (2011). Addressing the Shortage of Kidneys for Transplantation: Purchase and Allocation Through Chain Auctions. Journal of Health Politics, Policy & Law. 36(4). pp.717-755. ROURKE, A.O. (2012). Don’t Destroy Vital Cave System. [Online] Available at: http://forcechange.com/70409/dont-destroy-vital-cave-system/ [Accessed 5 December 2013]. SANA, S., BHAT, G.A. & BALKHI, H.M. (2013). Health Risks Associated With Workers in Cement Facories. International Journal of Scientific and Research Publications. 3(5). pp.1-5. Shapley, D. (2010). The 23 Most Highly Polluting U.S. Cement Plants. [Online] Available at: http://www.thedailygreen.com/environmental-news/latest/mercury-cement-47012002 [Accessed 5 December 2013]. STAVEREN, I.V. (2007). Beyond Utilitarianism and Deontology: Ethics in Economics. Review of Political Economy. 19(1). pp.21-35. VOLKER, P. (2011). Transparency and Disclosure: The Bernie Madoff Case. [Online] Available at:http://sevenpillarsinstitute.org/case-studies/disclosure-the-bernie-madoff-case [Accessed 7 December 2013]. WOOD, A. (2012). Utilitarian vs. Libertarian Philosophy As They Relate to the Sale of Kidneys. [Online] Available at:http://prezi.com/fabp8tepkay2/utilitarian-vs-libertarian-philosophy-as-they-relate-to-the-sale-of-kidneys/ [Accessed 6 December 2013]. ZAKARIA, M. & LAJIS, M.N. (2012). Moral Philosophies Underlying Ethical Judgments. Intemational Joumal of Marketing Studies. 4(2). pp.103-110.

You May Also Find These Documents Helpful

  • Good Essays

    The Bernard Madoff “Ponzi Scheme” scandal was the biggest and lasted the longest financial fraud in the history of the US. Bernard Madoff was a financial adviser, and also the former chairman of the NADAQ. He established his investment firm named “Bernard L. Madoff Investment Securities LLC” in 1960. The Madoff Fraud is a typical “Ponzi Scheme”, in order to attract investors to give money to him, he convinced people to hand over their life saving, and promised them high returns rate, and then he used these money to make payments to those earlier investors. He took the investors for a $65 billion over the course of nearly two decades. In the end, Bernard was sentenced to maximum 150 years prison life and a forfeiture of $170 billion.…

    • 324 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    MADOFF CASE

    • 341 Words
    • 2 Pages

    Question 2: Suppose that a large investment firm had approximately 10 percent of its total assets invested in funds managed by Madoff Securities. What audit procedures should the investment firm’s independent auditors have applied to those assets?…

    • 341 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Bernie Madoff Scandal Essay

    • 3875 Words
    • 16 Pages

    For the Bernie Madoff DETAILED Outline, you will need to identify the five tragic truisms that best explain how or why the Bernie Madoff scandal and fraud occurred.…

    • 3875 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    The purpose of this memo is to document my research on Scott Rothstein’s Ponzi scheme, the biggest fraud case in Florida. Did Scott Rothstein knowingly lie and take money from investors, promising high fake returns, only to benefit himself and his conspirators? How he got away with this scheme without being caught is outlined. I have also included some of the red flags that were missed.…

    • 1536 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    One of the planet’s largest and greatest -running Ponzi schemes was engineer by the 70-year-old Bernie Madoff. While Enron was also one of the world’s greatest substantial catastrophe, do partially because of its magnitude, as well as of its complication, moderately because the needs to guard the truthfulness of investment markets botched, and especially because of the enormous gluttony and involvement of key contributors.…

    • 920 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Compensating donors for organ donations is one of the most controversial debates we have today. The shortage of organ donations in America is the one of the main reason there is a sudden drive to supplement the possible sources of organs. It first began with the move from donations of organs from cadaver to donations from living donors, and no the debate is rerisen, to the possibility of building a market for organ donations with a financial incentive.…

    • 949 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Bernie Madoff

    • 1238 Words
    • 5 Pages

    Mr. Madoff had a business installing and fixing sprinklersystems but he saved money and with only $5,000 he joined the ranks of Wall Street in the late 1960’s. With his very small firm he got his start by matching buyers of inexpensive “penny stocks” with sellers in the growing market. But in the late 1970’s his firms and those like his got the opportunity to start trading prestigious blue-chip stocks and the rest became history. He started cultivating key relationships with regulators which in turn gave him the upper hand when it came to staying under the radar of the S.E.C. When he worked hard to adopt new trading technologies in the 1990’s he became the head of NASDAQ. Mr. Madoff had an attitude of using the mantra of “kiss” when it came to his employees and wanted everything completely organized and always looking like a top notch operation. So with all of this prestigewhat happed with him to just…

    • 1238 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Essay On Clara Barton

    • 689 Words
    • 3 Pages

    The American Red Cross falls into three categories when dealing with the different kinds of service: nation’s response to war, responding to natural disasters, and other human suffering. Whenever any of these occur, the American Red Cross is always there to lend a hand and do whatever is needed to improve the situation. The people that work with this organization want to help those who are suffering, and their help is…

    • 689 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Ponzi Scheme

    • 896 Words
    • 4 Pages

    Conclusion: This has shown that the so called federal organization"SEC" fear prominent and influential people and work under them.If a any of the staff of SEC would have testified against Madoff, he would have been killed.In a developed country it is unfortunate that,their is no protection for truth neither it is cared for until the situation worsens and becomes an eye-opener.As many as agencies either in the state or at federal level could not investigate such frauds, but have priorities for other unwanted activities.The pure negligence if in future could result in causing effects like" Great depression","economic slow down" and "Recession" which would lead to other…

    • 896 Words
    • 4 Pages
    Good Essays
  • Better Essays

    The kidney is an organ that filters blood to remove all waste products (How Stuff Works, 2010). If the kidney is diagnosed with a disease or is unable to function, then the only long-term option is a kidney transplant. The kidney mainly operates on the principle of osmosis whereby it diffuses blood through the lining of the kidney, which is a semi permeable membrane. After filtering and purifying the blood with the help of nephrons, it switches to active transport discarding the waste as urine and excreta. The problem being faced is that the donor to recipient ratio is approximately 1:6. This demand has led to an upsurge in kidneys being exchanged for economic purposes illegally. The topic is being reviewed and thoroughly discussed as to whether it should be legalized or not. Most of the kidneys come from deceased donors and very few actually donate their organs, as there is no incentive for it. According to the Istanbul convention the legal price of a kidney is $0. The demand far outstrips the supply. Given the circumstances we should deeply consider legalizing kidney sales for the benefit of the community. This leads us to the question is a kidney transplant really necessary? Don’t we have any other option?…

    • 1358 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    In the United States, there are over one hundred twenty-three thousand people waiting to receive a life-saving organ donation, yet only about one out of every eight will ever receive that precious gift, and a second chance at life (optn.transplant.hrsa.gov) The demand for organ donation has consistently exceeded supply, and the gap between the number of recipients on the waiting list and the number of donors has increased by ninety-three percent since 1991 according to the U.S. Department of Health and Human Services. As a result, some propose radical new ideas to meet the demands, including the legalization and sale of human organs. Financial compensation for…

    • 1056 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Improvements

    • 440 Words
    • 2 Pages

    Bibliography: In the beginning of her essay Organ Sales Will Save Lives, Joanna Mackay says that there are thousands of people that are in need of kidneys and thousands that are willing to sell their kidneys. So what’s stopping these people from getting the kidneys? We are. Our government has prohibited the sale of human organs. The government should not ban this. In fact, they should actually regulate it. People’s lives are on the line because they need these organs immediately. A family member who offers to donate a kidney to another family member could not do so because the government has banned it.…

    • 440 Words
    • 2 Pages
    Good Essays
  • Best Essays

    Organ Selling

    • 2806 Words
    • 12 Pages

    Abstract: Each year thousands of people die while waiting for a kidney transplant. A market for kidney sales is currently illegal in nearly every country. This paper addresses the legal and ethical issues, as well as the economic effects that a legal market would create. The following aspects of such a market were explored: the ethical pros and cons; the current price ceiling for a legal kidney; the current supply and demand of donor kidneys; the fair market price; and the effect on supply and demand in a legalized market. The conclusion is that if paying a living donor can be made legal and as ethically acceptable as other medical practices, kidney sales would be economically sound.…

    • 2806 Words
    • 12 Pages
    Best Essays
  • Powerful Essays

    18. “Ethical Incentives- Not Payment- For Organ Donation” From the New England Journal of medicine; June 20, 2002…

    • 2472 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    This issue on selling your kidney is not always a bad thing there are some people that really need a working kidney to stay alive. If someone is willing to donate a kidney I don’t think that they should be punished or charged with a felony to help someone. Many people are having kidney failure every day and they should not be turned down for letting them have one of their kidneys that they do not need to live when someone who doesn’t have a working kidney needs. Waiting for someone to die that is healthy enough to donate their kidney or any other organ it might be too late to receive the organ.…

    • 653 Words
    • 2 Pages
    Satisfactory Essays