Essays on The Operationalisation of Ethical Theory and Corporate Responsibility Report

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The paper "The Operationalisation of Ethical Theory and Corporate Responsibility" is a wonderful example of a report on management. BHP Billiton is one of the largest global companies that specialize in oil, gas, and mining. The company is not only known for its success in mining operations around the world but also for its strong work ethics characterized by integrity, commitment, and respect. In its operations around the world, the company endeavors to work with integrity by making the right decisions and doing things in the right way. In order to realize this goal, the company has outlined a set of codes of business conduct commonly referred to as the “ BHP Billiton Code of Business Conduct. ” These codes of business conduct comprise of a set of ethical standards that offer guidance to the people working on behalf of BHP Billiton on how they should conduct their businesses (BHP Billiton 2011).

One of the key goals of these codes of conduct is to help employees in BHP Billiton to establish trust with the company’ s clients and stakeholders by upholding high ethical standards.

The BHP Billiton Code of Business Conduct offers guidance on health and safety, working with communities and the government, and the protection of BHP resources (BHP Billiton 2011). This paper seeks to discuss how BHP Billiton embeds ethical theory and corporate responsibility into its policies, business operations, and practices. Some of the ethical theories that will be discussed in this paper include, Kantian deontology, ethical relativism, utilitarianism, justice (Rawls and Nozick), rights, and corporate responsibility. UtilitarianismUtilitarianism as an ethical theory is consequential in nature. As a consequentialist theory, utilitarianism determines the moral worth or the “ good” of an action by its outcomes or consequences (Jones et al 2007).

The utilitarian ethical theory implies that the moral worth of an action is not derived from its intended purpose or goodwill but from maximizing the net positive value of its consequences to all parties involved. BHP Billiton’ s Business Code of Conduct, according to utilitarian ethical theory, would be ethical so long as the consequences of adhering to the code would maximize utility or minimize negative utility.

References

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Jones, T., Felps, W. & Bigley, G., 2007, Ethical Theory and Stakeholder Related Decisions: The role of Stakeholder Culture, Academy of Management Review. Vol 32 No: 1. 137-155.

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The Epoch Times, 2010, BHP Uncovers Possible Corruption. Retrieved on April 2, 2011 from < http://www.theepochtimes.com/n2/content/view/33831/>

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