Philosophy Relating to DWI Business Essay

Honorable Justice Potter Stewart at a time wrote There is a big difference between what we have the correct to do and what is rightfield. Examining the background and scope of business and transaction of Diversified worldwide Industries, its activities includes oil and energy, environment, communications, leisure and recreation, real body politic and manufacturing. In its real estate business, its goal is to build homes and area that is age restricted. The go with was very ardent to build a location, however the streets that were supposed to be built has a lean limit. So the problem arises with this, the debris that needed to be transferred and locomote after the subdivision is built needs trucks to transport. But the big trucks exceeded the weight limit of the street so they need small trucks to transport the debris. This means that, it leave behind be costly and by of the budget scale. However, though some(prenominal) debris is allowed to be burned as long as proper p ermits and restrictions are acquired, most of the debris is woods and according to the law, burning of these is non allowed.Applying the philosophy that Honorable Justice Potter Stewart once wrote, the conjunction should define their budget so as to allow the transfer of debris by the small trucks that the street green goddess accommodate. This should be do because the confederacy has to be socially and environmentally responsible, especially for its activities. Even if they lowlife do the another(prenominal) option burning woods or clutchesing it on the site, which they can do because they have the right since they own it and the other option is out of the budget. Still the right thing to do is to dispose it properly. On the companys financial aspect, it encountered a problem when during its oil geographic expedition in the middle east, the activity became very costly and is non very profitable, resulting to the finish of the company of bankruptcy. The company has tw o options again, one is to completely stop the geographic expedition even if the contract for two years is not achieved, and the other is to comprehend the oil exploration and risk the investments of the company.Relating the solution to the philosophy stated above, the right thing to do is to file for bankruptcy giving the condition that the exploration be continued and the debts be paid from the profits that the company will get from it in the future. Choosing this option is the right thing because the company has responsibilities to its investors, and similarly because a contract was signed. They cannot stop the operation just because they are not yet profiting from it. Exploration is really costly, but after all is make and established, profits will sure to come. Business is taking risks. Responsibilities should be done for all concerned. Another is regarding their manufacturing division. The situation is that, the manufacturing division was researching for a new gusto for w ine and discovered a way to prevent cancer. The company filed a patent for it in the US, which means that they will be the only company to manufacture it in twenty years. Applying the stated philosophy above, the company should not take advantage of privilege given to them. Prices should also be reasonable. Considering that the company should practice social responsibility, it would be right if the company launches programs for its products widespread dissemination that are less costly or even joint ventures with the government. In its environmental ventures, it includes the production and supply of clean water that the humans can drink and which is safe for aquatic life. However, in one of its branches, a supervisory program found a leak winding to the water tank. The leak contains lead which can be very dangerous to both human and aquatic life. The government is also strict in following its rules regarding this type of venture.So the company has options on how to deal with this. One is to fix the leak and keep quiet about what happened because letting it be cognise may aggrieve the companys reputation and may lose customers. On the other hand, they can also fix the leak, check its machines again, let it be known to the public in the fastest way like media and warn them of what power happen, provide clean waters to those who needed it like far places or hospitals. Also if damage has done on customer or the environment, be responsible for all its financial needs, like in medication or cleaning up.ReferenceDoing What is Legal and Ethical in the Business World. January 17, 2008 retrieved from http//www.associatedcontent.com/ condition/136482/doing_what_is_legal_and_ethical_in.ht ml?page=3