Review the articles on the BP Gulf Oil spill and corporate social responsibility in Required Readings. In your initnal Forum post include the following:
- Explain how the philosophy of Milton Friedman could have played a role in BP managements decision.
- Explain how use of the triple bottom line framework theory with CSR could have led BP to make a different decision and avoid the disaster. What would have been the corporate considerations and decision making process?
Initial main response to Discussion Prompt
Students post directly responds to all the questions/points in the Discussion Prompt;
Student discusses at least two (2) concepts in the post that demonstrate student has reviewed the required readings, lesson, or other relevant research sources.
WEEK 6: THE FOLLOWING IS REQUIRED READING FOR THE COURSE. THESE MATERIALS WILL ASSIST YOUR RESEARCH FOR DISCUSSIONS, EXAMS/QUIZZES, AND PAPERS.
Halbert, T., & Ingulli, E. (2008). Law & ethics in the business environment. Chapter One. (6th ed.). South-Western Pub.
Beginner’s guide to Kant’s moral philosophy. (2016, June 10). [Video File]. https://www.youtube.com/watch?v=mQ2fvTvtzBM (8.18 min., transcript provided).
Philosophy – Ethics: Utilitarianism, part I. (2014, September 26). Markovits. Wireless Philosophy. [Video File].https://www.youtube.com/watch?v=uvmz5E75ZIA (4.30 min., transcript provided).
Philosophy – Ethics: Utilitarianism, part 2. (2014, October 3). Markovits. Wireless Philosophy. [Video File]. https://www.youtube.com/watch?v=uGDk23Q0S9E (6.21 min., transcript provided)
Philosophy – Ethics: Utilitarianism, part 3. (2015, January 23). Markovits. Wireless Philosophy. [Video File]. https://www.youtube.com/watch?v=MoCuVa9UeR4 (3.27 min., transcript provided)
Downe, J., Cowell, R. & Morgan, K. (2016). What determines ethical behavior in public organizations: Is it rules or leadership? Public Administration Review 76(6), 898-909. DOI: 10.1111/puar.12562. Retrieved from https://email@example.com/(ISSN)1540-6210.lessons-in-public-administration
Lange, D., & Washburn, N. T. (2012). Understanding attributions of corporate social irresponsibility. Academy Of Management Review, 37(2), 300-326. doi:10.5465/amr.2010.0522. Available in University library. (Search by authors or title.)
Camilleri, M. (2017, September). Corporate sustainability and responsibility: Creating value for business, society, and the environment. Asian J. of Sustainability and Social Responsibility, 2, 59-74. https://philosophia.uncg.edu/phi361-matteson/module-3-social-responsibility-professionalism-and-loyalty/corporate-social-responsibility-and-the-triple-bottom-line/
IBM study: Corporate social responsibility. (2008, February 12). [Video File.] YouTube. https://www.youtube.com/watch?v=PdkYieDuVvY (6.58 min., transcript provided).
Micewski, E. R., & Troy, C. (2007). Business ethics – deontologically revisited. Journal of Business Ethics, 72(1), 17-25. doi:10.1007/s10551-006-9152-z. Available in University library. (Search by authors, title, or doi)
Posner, E. (2019, August 22). Milton Friedman got it wrong. The Atlantic. https://www.theatlantic.com/ideas/archive/2019/08/milton-friedman-shareholder-wrong/596545/
Spence, D. (2011). Corporate social responsibility in the oil and gas industry: The importance of reputational risk. Chicago-Kent Law Review, 86, 59-85. https://repositories.lib.utexas.edu/bitstream/handle/2152/40348/2011_01_01_Corporate%20_Social_Responsibility.pdf?sequence=2
MacMillan, C. (2016, July 12). The cost of ignoring social responsibility. http://caramacmillan.com/bp-cost-ignoring-corporate-social-responsibility-2/
Verschoor, C. C. (2010). BP still hasn’t learned ethical lessons. Strategic Finance, 92(2), 13-15. Available in University Library. (Search by author or title.)
ADDITIONAL RECOMMENDED READING:
Kaye, L. (2015, February 19). Five years after Deepwater Horizon, can BP repair its reputation? Marketing and Comms. Sustainable Brands. https://www.sustainablebrands.com/news_and_views/marketing_comms/leon_kaye/five_years_after_deepwater_horizon_can_bp_repair_its_reputa
What is corporate social responsibility? (2019). University of Edinburgh, webpage. https://www.ed.ac.uk/careers/your-future/options/occupations/csr (NOTE: In addition to definitional explanation of CSR, consider this reading in context of modern trend of CSR in business globally.)
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