Midterm for Business Law Ethics Term Paper Example | Topics and Well Written Essays - 1750 words

Midterm for Business Law Ethics - Term Paper Example In the second stage of the cycle, action is seen to occur and regardless of the immediate effects that might have been caused by the action, the monetary cycle is seen to move on an things eventually end up correcting themselves. The third stage of the cycle is the inefficiency stage that is seen to characteristically be marked by the inability of the market to sufficiently create wealth as a result of the actions taken during the more frantic times. The fourth stage of the cycle which is the circumvention stage is seen to involve for a lobbying of the removal of the restrictions seen to be placed in the second stage of the cycle and the development by the firms of activities designed to try and circumvent the established rules and achieve the same effects as the forbidden practices. The regulatory cycle is seen to critically affect management decisions in the automotive industry. This is exemplified that in line with the cycle, the increase in carbon dioxide emissions and the result ant attempts by various governments and organizations to try and limit or curb these emissions essentially helps mark out the first stage of the cycle. The decision making of managers in the automotive industry is seen to have been affected by the cycle as they made various decisions to try and act on the increasing CO2 emissions developing various technologies such as biofuels. Question 2: The value of Corporate Sustainability Corporate sustainability which is commonly defined as being the basic corporate response to sustainable development where the organization engages in a number of practices and strategies that are designed to ensure that the organization is able to address the key issues pertaining to the world’s sustainable development. The value of corporate sustainability can never be exaggerated as is demonstrated by the efforts by various companies to try and quickly respond to any crises that might be seen to be endangering the image of the company’s corpor ate sustainability as was the case seen at KFC when reports emerged of excessive animal cruelty at one of its slaughter houses. In the incident, workers were shown displaying excessive animal cruelty when they were recorded stomping on chicken, flinging them mercilessly against the wall and at times even squeezing them to death. In response to this, the company is seen to have responded quickly by sending inspectors to the plant and implemented measures that saw the contractor fire 11 of the employees and extract pledges from the employees at all the other 25 plants to treat animals in a more humane manner (Trevin?o and Nelson 323-324). Taco Bell, a fast food restaurant, is also seen to have quickly responded to a Mexican tomato pickers workers strike by improving the pay offered to the workers and promising to monitor the company’s suppliers as well as adopt an improved code of conduct that would enable the company to be able to drop any suppliers that were seen to abuse far mworkers (Trevin?o and Nelson 324). Trevin?o and Nelson, point out that by effecting a pragmatic approach to matters relating to corporate social responsibility and sustainability, it is possible for an organization’s manager to be able to effectively scan the environment