Business Ethics Case Study Example | Topics and Well Written Essays - 1250 words - 2

Business Ethics - Case Study Example Ethics refers to the moral guidelines that define what is good or what is bad. In business, there some conducts that may be regarded as unacceptable due to their moral implications and reputation in the society. The guidelines or the principles that define such conducts are what comprise of business ethics (Lamb, Joseph and Carl, Pg. 69). The focus of this essay is to give a report regarding ethics of an organization TideeKleen Waste Management Inc. It is an organization based in Canada and is concerned with the commercial waste recycling and disposal activities. The company is known for its strong reputation and corporate responsibility. It has a number of stakeholders with the major ones being Halo Ethical Fund and a New York private equity firm known as GSG Financial. These two are the majority shareholders and any decision by TideeKleen will have a significant ramification on them. The company’s employees are important stakeholders. Stakeholders Analysis The companyâ€℠¢s major stakeholders include; its employees as well as Halo Ethical Fund and a New York private equity firm known as GSG Financial who are the majority shareholders. Employees are an important of any organizational stakeholders. They are the ones who carry out the production activities as well as any other activities within the organization and therefore they are major factors in determining the performance of a company. As such, it is important that the employer ensure that the employees are operating in a safe environment so as to ensure their maximum productivity. Employees are an important part of TideeKleen stakeholders. Any decision by the company will have a significant ramification on them and their performance. A change in the employees’ performance will be reflected in the general organizations performance. In this case, any option A, B, or C will have to be evaluated considering the effects it will have on the employees. For instance, if the company is to choose o ption A, the employees who will be moved to the new TideeKleen will be operating in a safe environment and their chances of contracting a cancer will be highly reduced. As a consequence, their performance is likely to be relatively high. This is even considering that most of these employees are to be young and energetic. The employees to be left in the old TideeKleen on the other hand will be working with the old equipment that will expose them to high risks. Any effect on their health will have a direct effect on their performance. Similarly, Option B will also expose employees to such risks and hence will affect their performance and morale. Option C on the other hand involves changing from the old facilities to the new ones. The process will take time, and during that transition period, employees will be working in a not so safe environment. If the company chooses an option that does not favour any of the employees, on top of the low productivity, there is a high possibility of i ncreased employees turn over. The effect on these to the company will be low performance. The company will spend more money looking for new employees. In addition, potential employees may be discouraged from joining the company. The other class of important stakeholders are the company’s shareholders. Any decision that the company makes is likely to have an effect on its performance an in turn will affect the price of its shares in the stock exchange. Shareholders who have a high number of shares in the company will be as well affected significantly by any change in the price of shares. For instance, the prices of shares of TideeKleen have fallen from $40 to $30. This might lead to a big loss for the company’s largest shareholder Halo Ethical Fund. In fact, the company may consider