Business Ethics of Exxon

Paper Summary:

This paper discusses certain business decisions made by Exxon and their impact on other businesses. It describes the background to each instance of unethical corporate conduct on the part of Exxon. It discusses the ethical considerations that evolved from these instances and the addition of new regulations that the industry has seen in response to the Exxon incidents.

Table of Contents:
Abstract
Business Impact of Exxon and Ethical Considerations
Introduction
Grand Bois, Louisiana Overview
Analysis of the Factors that Led to Grand Bois
Exxon Valdez Analysis
Exxon's Pipeline from Chad to the Atlantic
Industry Specific Impact of Exxon's Ethical Dilemmas
Business Impacts of Exxon's Ethical Dilemmas
Recommendations for Future Research
Discussion

From the Paper:

"And lastly, the effects of businesses in general seem to be mostly in agreement by the authors. An increased need for social responsibility has been inflicted on businesses, due to the Exxon incidents. Situational ethics is no longer acceptable to society, and instead, a common morality is mandated. And, although Bowen and Power (1993) did not name the decision to reduce personnel onboard the Valdez as ethically critical decision, they do agree with the other researchers in the need for Exxon, and businesses in general, to consider the ethical implications of their proposed actions prior to thinking profit, and that by focusing on doing 'right' the financial rewards will then follow."

Sample of Sources Used:

• Beschorner, T. (2006). Ethical theory and business practices: The case of discourse ethics. Journal of Business Ethics, 66. Retrieved December 1, 2006, from ProQuest database.
• Bowen, M. & Power, F. (1993 Apr). The moral manager: Communicative ethics and the Exxon Valdez disaster. Business Ethics, 3(2). Retrieved December 1, 2006, from Business Source Complete database.
• Call for an extra Exxon Valdex payout. (2002). Disaster Prevention and Management, 11(3). Retrieved December 1, 2006, from ProQuest database.
• Carson, S. (2006 Mar). Gert's moral theory and its application to bioethics cases. Kennedy Institute of Ethics Journal, 16(1). Retrieved December 1, 2006, from ProQuest database.
• Carson, R., Mitchell, R., Hanemann, M., Kopp, R., et al. (2003 Jul). Contingent valuation and lost passive use: Damage from the Exxon Valdez oil spill. Environmental and Resource Economics, 25(3). Retrieved December 1, 2006, from ProQuest database.

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