Business Ethics: Production of Asbestos - Case Study Example

Many Third World cities have significantly high concentrations of industries and the industrial output also forms a prominent part of the world's industrial production.... An inter-relation of poverty and pollution will be highlighted through a case presentation and the ethical implications of the business owners towards the society, basic rights of the humans for a cleaner environment and the reasons for industrial development in Third World countries will be discussed in relation to the case study....

Fieser and Moseley in their book, ‘Introduction to business ethics' describes three fundamental theories in ethics under which businesses should be able to run their activities (Fieser & Moseley 4).... ethics involves systematization, defense, and recommending of the wrong or right concepts as rules of conduct that govern and are recognized by a particular culture.... ethics (moral philosophy) involves systematization, defense, and recommending of the wrong or right concepts as rules of conduct that govern and are recognized by a particular culture....

In the investigation, the US Environmental Protection Agency (EPA) reported contamination of asbestos in vermiculite ore processing in Libby.... Mining and processing operations, as well as home use of waste rock and products from the Zonolite mine, resulted in the spreading of asbestos throughout the town.... Thousands of people in Libby, including former mine workers, their relatives, and other residents, have exhibited signs and symptoms of asbestos-related disease....

The group provides technical products and services for oil and gas production and exploration.... he major spheres of activities for Halliburton involve providing technical products and services for oil and gas exploration and production, handled by its Energy Services Group....

One of the most famous contemporary economists, Milton Friedman argued that the concept of moral responsibility must be related primarily to individuals and not to corporations since “a corporation is an artificial person and in this sense may have artificial.... ... ...

The domestic business ethics does not synchronize with the standards set for global business.... As such, it is important for the business world to establish universal business ethics that guides the engagement between MNCs and host countries.... This allows the MNCs to cut on production costs and to generate more profits.... This work "The Obligations of Multinational Corporations Conducting business" describes the process of globalization....

The paper "business ethics Theories" focuses on the critical, and multifaceted analysis of the ramifications for enhancing the outline of business ethics programs.... business ethics is a specific division of ethics solely focusing on the application of moral standards to the organization.... Therefore, it cannot be separated from the common ethical ideas and the common ethical theories application to business ethics.... business ethics applies to all parts of corporate behavior and is pertinent to the behavior of people and business associations all in all....

Hardie contravened numerous ethical requirements; for example, Hardie Industries did not inform the workers about the risks of asbestos.... The study "business ethics of Hardie Industries" focuses on the critical analysis of the peculiarities of business ethics of Hardie Industries.... James Hardie is an example of a business that did not consider the ethical requirements in accomplishing its objectives and aims....