Ethical Considerations for General Parkelite Company Essay by BrainC

Ethical Considerations for General Parkelite Company
Discusses the ethical and moral dilemma faced by the General Parkelite Company concerning a recent discovery about General Parkelite.
# 52468 | 1,624 words | 5 sources | APA | 2004 | US
Published on Sep 03, 2004 in Business (General) , Ethics (General)

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This paper presents a case analysis of the dilemma facing General Parkelite Company concerning the recent discovery that the formula for Parkelite was actually stolen by the company's founder. The paper discusses the ethical decision the current CEO of General Parkelite must make regarding this discovery, whether to reveal or hide it, and the implications of either decision. The paper evaluates the problem, presents a plan of action, and offers a personal appraisal of the dilemma.

From the Paper:

"General Parkelite (GPC), a 75 year-old company, is a trusted corporate brand with a reputation for being straight shooting and dependable; a reputation it has gained primarily due to its carefully and continuously nurturing an organizational culture that emphasizes fair business practices. The recent discovery of an 80 year-old graph paper, proving that Hudson Parker (its founder) had stolen the formula for Parkelite, the company's first patent in 1920, could now, however, completely damage its business reputation. As such, the discovery of the document poses an ethical dilemma for the current CEO and grandson of the founder, Hudson Parker III. On the one hand, revealing the discovery implies running the risk of perhaps irrevocably damaging the strong belief in the company's honesty among its stakeholders, especially its 8000 employees. Failure to disclose the information, on the other hand, means living with the knowledge that a company whose culture is all about honesty and integrity has tolerated an unethical act at its very core."

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APA Format

Ethical Considerations for General Parkelite Company (2004, September 03) Retrieved April 01, 2023, from

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