PHI FPX 2000 Assessment 2 Business Ethics and Corporate Responsibility Page 1 Business Ethics and Corporate Responsibility
Social obligation is a basic part of current corporate morals. Businesses today are expected to make money and be socially responsible, taking into account how their operations affect society, the environment, and other stakeholders (Saha et al., 2019). In this paper, we will apply moral hypotheses to contend that organizations have an honest conviction to be socially mindful while dealing with a moral issue.
Relationships Between the Various Parts of the Ethical Issues The scenario that was chosen brings up a number of ethical issues, such as corporate social responsibility, national security, and privacy. The organization Rmblppy (RP) should adjust the interests of different partners, including clients, the US government, and its investors.
PHI FPX 2000 Assessment 2 Business Ethics and Corporate Responsibility
One of the most important ethical issues is privacy (Atlam & Wills, 2019). Clients trust RP to safeguard their own data, and RP has an honest conviction to shield it. RP runs the risk of jeopardizing customer privacy by providing customer data to the US government, which could be detrimental to the trust and reputation of the business. National security is another ethical issue (Atlam & Wills, 2019). The US government is mentioning client information to help public safety examinations, which is a real concern. The risk of terrorist attacks, for example, must be taken into account by RP when denying the government access to this data.
Additionally, RP must take into account its CSR obligations. RP must be socially responsible because it is a public company. This entails taking into consideration the effects of its actions on all stakeholders, including customers, employees, shareholders, and the general public (Thompson et al., 2020). RP should adjust its commitment to safeguarding client security with its commitment to helping the public authority in safeguarding the general population.
Stakeholders’ Primary Interests
The scenario in which RP has to choose whether or not to give the US government customer data presents a conflict between the primary interests of multiple stakeholders. The following are the three stakeholders’ top priorities: customers. Customers’ top priority is protecting their privacy. They trust RP to keep their own data secret and anticipate that the organization should act to their greatest advantage. Customers also want to use RP’s platform without worrying that their data might be shared with the government without their permission.
US Government
The essential interest of the US government is public safety. It aims to shield Americans and others from dangerous activities and prevent terrorist attacks. The public authority might accept that getting client information from RP will support these endeavors and assist with safeguarding the general population.
RP Investors
The essential interest of RP investors is the organization’s monetary achievement. Investors have put resources into RP and anticipate that the organization should boost benefits and increment investor esteem. They might want RP to put financial gain ahead of other considerations because they are worried about how the decision might affect the company’s bottom line.