paraphrase the 5 answers in your own word.
· Who are the stakeholders who are/will be affected in this scenario?
· BMI
· Subsidiary company
· Jose
· The people receiving the expired meat in the under-developed country
· Anyone who works for BMI because their reputation can be tarnished if something were to come out.
· The stakeholder model asserts that business interests should never be at the expense of society’s long-term interests, cooperation for social benefit is for everyone’s benefit, and that when business self-regulates there can be less government.
· The company’s choices are directly affecting those individuals receiving the meat (indirectly being affected)
· The business was mainly self-regulated which means there is less government. ( which led to the company’s current situation) Is
· What are the ethical issues that are involved? Be sure to distinguish between issues that are primarily right-and-wrong (e.g., ethical or moral lapses) versus those that are right-and-right issues in which there are simply tough trade-offs of appropriate competing values.
· Ethical issues involved putting business interests at the expense of putting society’s health at risk.
· Priority of profits over public health of others
· Cutting prices to compete with the global market for the wrong reasons
· People in positions of power, not doing the right thing. Not maintaining Corporate Social Responsibility.
· Not having internal audits/inspections
· Issues
· Right: There are no right-and-right issues in this situation
· Wrong: BMI is jeopardising public health and evading social responsibility with less government inspection.
· Does the global context make a difference? Why and how?
· According to Thomas Friedman, globalization enables nation-states and corporations to reach farther, faster, cheaper, and deeper around the world more than ever before.
· The global context makes this case totally differently.
· 1. The laws that regulate the United States are much different than those of foreign countries. It would be much easier to get away with something like this in a country that is underdeveloped simply because it is considered lesser than us.
· 2. The distance between the subsidiary company of BMI and those underdeveloped countries is great. They can’t put a face to the name of the people they are selling these products too so there is little to no sympathy.
· 3. The cost of raw material is so much cheaper in developing countries. Companies operating in developing countries can develop the same products are at much lower price. As a result, it is clearly seen that in order to match global prices, BMI had to resort to such practices while compromising public health.
· What are the opportunities, threats, and alternatives involved in the situation?
· Opportunities include updating checking processes for employees to assure that future meats are properly sold under US standards or the following:
· Mike had the opportunity to admitted that his business was not selling products under good standards.
· Maria had the opportunity to acknowledge the information which Jose brought to her.
· Jose had the opportunity to also check for past records or records of other subsidiary companies
· Threats include the probability of everyone losing their job at BMI and subsidiary companies or massive decline in health for at-risk regions in third-world countries who are receiving possibly expired meats. Another threat is the emergence of competing meat-product distributors arising to undercut BMI.
· Alternatives include:
· BMI could run an official audit of all subsidiary companies, thereby ensuring that regulations are properly followed.
· BMI could definitely devise a plan for implementing clear penalties for subsidiary businesses who act against the rules against selling expired meats. 2
· What recommendations do you have in how the situation could be/should have been resolved? Or, state if no resolution is necessary and the reasons why the status quo is acceptable.
· Our recommendations include notifying the food safety division of the international organization sooner than he did. Maria could have done her own part by taking Jose’s concern more seriously. The CEO of the subsidiary organization could have advised his company to take the precautions of the expiry dates and in turn advised them to dispose of any potentially harmful meats. Especially if one wants to run a business under standard
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