Business Ethics Case Study: Polluter's Dilemma Case
Polluter’s dilemma case
Name
Institution
The stakeholders in the scenario are the fishes in the lake. Due to the increased and continuous toxic from the industries that drain in to the river and into the lake, the fish might be declared unsafe for human consumption. This is according to the report quoted in the newspaper from a scientist from the university and an environmental group is watching it. Another stakeholder affected in the proposed application of the new technology is the company. Due to its small budget, implementation of such a project will reduce its profits.
Some ethical question asked is whether the companies should invest in new technology and engage in self-regulation on the issue of environmental conservation. …show more content…
This is due to financial incapability of implementing such an expensive technological project. Though the decision is right, the company executives’ examination on its financial impact on the company may decline it. This is because the project will put the company’s environmental compliance department over-budget and therefore jeopardizing the company’s ability to make profit.
The factory is aware that the emissions are harmful to aquatic life yet it is reluctant in implementing conservative measures. Despite the factory’s emission levels being within regulatory limits, Jonica knows that environmental regulations for the toxic emission of his factory are lagging behind scientific evidence.
The factory could initiate a program where the new technology be implemented over a certain period. This means that due to its financial constraints, the factory should allocate annual budget to fund the project with a long-term vision. This will help the company maintain it profit turnovers and achieve its desired method of toxic emission disposal. In addition, it will be prepared for the expected Environmental Protection Agency proposal of new tech in waste disposal. The company will therefore be working within legal limits now and the introduction of such
Name
Institution
The stakeholders in the scenario are the fishes in the lake. Due to the increased and continuous toxic from the industries that drain in to the river and into the lake, the fish might be declared unsafe for human consumption. This is according to the report quoted in the newspaper from a scientist from the university and an environmental group is watching it. Another stakeholder affected in the proposed application of the new technology is the company. Due to its small budget, implementation of such a project will reduce its profits.
Some ethical question asked is whether the companies should invest in new technology and engage in self-regulation on the issue of environmental conservation. …show more content…
This is due to financial incapability of implementing such an expensive technological project. Though the decision is right, the company executives’ examination on its financial impact on the company may decline it. This is because the project will put the company’s environmental compliance department over-budget and therefore jeopardizing the company’s ability to make profit.
The factory is aware that the emissions are harmful to aquatic life yet it is reluctant in implementing conservative measures. Despite the factory’s emission levels being within regulatory limits, Jonica knows that environmental regulations for the toxic emission of his factory are lagging behind scientific evidence.
The factory could initiate a program where the new technology be implemented over a certain period. This means that due to its financial constraints, the factory should allocate annual budget to fund the project with a long-term vision. This will help the company maintain it profit turnovers and achieve its desired method of toxic emission disposal. In addition, it will be prepared for the expected Environmental Protection Agency proposal of new tech in waste disposal. The company will therefore be working within legal limits now and the introduction of such