Expert answer:Applying Ethical Frameworks, business and finance

Answer & Explanation:Provide scholarly critiques of the attached analyses. For each response, be sure to include all of the following:Two strengths of the analysisTwo weaknesses of the analysis and solutionSuggestions of ways to improve upon the weaknessesAn alternative solutionBe sure to include at least one new scholarly resource to support each response. Include doi if available or urlUse APA format and cite accordinglydexter_analysis.docxalex_analysis.docx
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Applying Ethical Frameworks
Introduction:
We are faced with making ethical decisions every day. Decisions about right and wrong
permeate everyday life. Ethics should concern all levels of life: acting properly as
individuals, creating responsible organizations and governments, and making our society as
a whole more ethical (brown.edu, 2016). Ethics provides a set of standards for behavior that
helps us decide how we ought to act in a range of situations. In a sense, we can say that
ethics is all about making choices, and about providing reasons why we should make these
choices (brown.edu, 2016).
Case Study Analysis:
The Perfect Plastic Incorporated (PPI) is a small business that makes injected molding
plastics. They employee 50 people and the company is about 10 years old and have a
healthy balance sheet. Reports show that the company had sales about $4 million a
year. The company has a good strong safety record and the insurance company has not had
to pay any insurance claims to employees for the past several years. Tom Griffin is the
owner of the company and is very proud of the interior design and working conditions at
PPI.
Case Study Solutions:
In order to solve this dilemma, I would recommend that management continue its audit
procedures with the outside/external agency and the Occupational Safety and Health
Administration (OSHA). The current auditing processes are netting beneficial results for
the company by addressing the identified problems with either new equipment, conducting
repairs, and /or changing work-flow designs to improve safety (Northouse, 2016). Evidence
has shown that because of these external safety audits overall safety has improved each
year. The company has not had a safety Incidence in over ten years of operation. Another
consideration is the fact that most reputable firms have liability insurance and are bonded
to protect themselves from any possibility of open claims. Just as PPI has liability insurance
to keep itself from any open claims that may damage the company.
In addition, the PPI management team has noted that the employees are responding
positively to these safety audits and are pleased with the results. It is a further indication
that the external auditor is making a positive difference in the way safety is being handled.
Analysis and Proposed Solutions to, how safe is safe? Case study
Perfect Plastics Incorporation (PPI) is a solely owned company that was in existence for ten
years. Being in a plastic industry where the issue of health, safety and environment are of
paramount importance (Northouse 2016). It is legal requirement that the company was visited by
the inspectors from Occupational Safety and Health Administration (OSHA). OSHA law affects
all businesses’ covers almost everyone regardless of their position in the organisation. This cover
also includes family members who work for the company (Northouse 2016). According to the
OSHA law, it is a requirement that employers keep the workplace free from hazards. They keep a
safe working place that the workplace does not mean the four walls enclosing the internal of the
premises but external as well (Dessler, 2013). PPI seem to comply with this law of the land. On
another hand, we note that the ethical leadership theory of compliance was strictly followed
(Beauchamp, Bowie& Arnold 2004). We further observe that most companies have two ethics
that they follow. These are ethics of trust and integrity. They perhaps do so because they would
like their brands to be respected. In this case, the leadership and management were concerned with
the theory of compliance.
The administration of PPI annually invited the outside consultants to carry out another
independent audit (Northouse 2016). The second opnion visits by the experts were treated as a
second opinion. Theirs was no legality to support this action; it is, therefore, a policy matter
only. This second team of inspectors was more of an overhead since it did not have any legal
support.
In attending to the ethical issues related to this case, it fair to encourage the leadership to
act within the law only as a way of protecting the company, leadership and management. The
management actions could only apply if there within the budgets of the enterprise. There is also
no need to continue with the outside Consultants. This action is not supported by any law (Trevino
2016). The outside consultants were happily suggesting new improvements annually because
without them making such changes they would not be seen to be working and in return that would
affect their payments (Northouse 2016). The issue of outside Consultants is also an overhead to
the operations and the annual income of PPI.
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