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Business and ethics

ve conducted a thorough analysis of their employees as well as their own practices. It is through such efforts that a corporation can raise the ethical standard of everyone in the organization.This case brings into light the whole issue of corporate responsibility. The two sides that must ultimately be balanced are the self interests of the company, with main goal of maximum profit, and the impacts that a corporation can cause on society (Sawyer, 78). To further strengthen this need, one could argue that there are very few business decisions that do not have an affect on society in one way or another. In fact, with the vast number of growing corporations, society is being affected on various fronts; everything from water contamination to air bag safety is becoming a major concern. Every decision that a business makes is gauged by the financial responsibility to their corporation instead of their social responsibility to the local community. This was pointed out on various occasions as the main reason why Company X falsified their reports. The cost of reingineering of the defective part did not outweigh the loss of business. In the opinion of the executives, they were acting in a sensible manner. After all, no executive wants to think of themselves as morally irresponsible.The question that naturally arises, in debating corporate responsibility, is what types of checks and balances can be employed within a company to ensure that a corporation and all of its agents act in an ethical manner. Taking the example of the Company X case, one can notice many failures in moral responsibility. Company X would have to review its employees, particularly the supervisors, for basic ethical values such as honesty. For example, ultimately it was the widespread falsification of the testing documentation that caused the downfall of Company X, not the integrity of its employees. In the outline of the case it is never mentioned that the employee...

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