Business Ethics Unit V Reflection Paper

Unit V Reflection Paper

Select a significant tragic event (either domestic or global) that has occurred during the last 50 years. The interactive

PowerPoint in this unit provides some ideas of historical tragic events but understand that these are just ideas. After

describing the event and the post-tragedy events, discuss the ethical aspects revolving around this incident. This may

require some additional research to understand the ethical situations and the impact these had on affected people being

able to move on with their lives.

1. Describe the actions of people and organizational leaders directly and indirectly involved with the tragedy. Specifically,

address the ethical issues they faced. MBA 6301, Business Ethics 3

2. What were some of the actions of local, state and federal personnel with respect to dealing with this tragedy?

3. Explain the strategies of organizations that attempted to assist with the clean-up after the tragic event. Describe

several of the pressures that influenced their strategies. Distinguish between social responsibility, integrity and simple

business ethics.

4. How has this event affected the ethical culture here in the United States? What other affect has it had on society as a

whole?

Your response should be a minimum of two double-spaced pages. References should include, at minimum, one additional

credible reference beyond the required reading. All sources used must be referenced; paraphrased and quoted material

must have accompanying citations, and cited per APA guidelines.

Running head: BUSINESS FINANCE 1 BUSINESS FINANCE 4

Business Finance William Fiedler Columbia Southern University

Question One The destructive hurricane which occurred in almost fifty years caused a lot of harm in the Bahamas and more so in South Florida (Barbour, & Nash, 2015). 1However, the Florida Insurance Commission did not allow the insurers to charge high rates and for that reason limited them from canceling existing proprietors’ policies (Barbour, & Nash, 2015).  Under those circumstances, the State-funded business person’s belongings insurance company which was the primary insurer and hence offered premiums in more Risk regions at subsidized prices, thus reducing the private bazaar (Barbour, & Nash, 2015). Conversely, of late people are the primary contributors housing wind coverage in the States.

The victims that were affected by Hurricane lacked food, tents, and even blankets and these are the materials that leaders together with individuals, directly and indirectly, involved providing (Singleton, 2014).

Question Two The local, state together with the federal personnel were giving information to those that reside in hazard-prone regions about the threats they might likely face (Barbour, & Nash, 2015). 2 As a matter of fact, the local state and the federal personnel were involved in an evacuation mission before and after the hurricane (Barbour, & Nash, 2015). Moreover, they used to provide material support like for instance ambulances to carry seriously wounded victims to hospitals (Singleton, 2014). 2 The nurses also offered first aid services to the hurricane injured victims.

Question Three The intensive approach was among the strategies that were used by the organizations to clean up the tragic event are (Barbour, & Nash, 2015). 2 However, being a marketing strategy, its primary intention was to promote efficiency and equality within the distribution of the relief to all areas affected by the hurricane. The defensive approach was the second which aimed at rebuilding the infrastructure of the destroyed regions for the betterment of the society ((Singleton, 2014). 2 On the other hand, social responsibility of organizations was one of the pressures that led to the implementation of these strategies. Conversely, the respective institutions had to enhance care by offering aid to the affected individuals (Barbour, & Nash, 2015). The need to promote the integrity of the organizations was the other pressure which tried to enhance the unity of the firms by working together for the good of the society Diversity was the additional pressure as a business ethics which demanded the organizations to offer assistance in the affected areas.

Question Four The majority of the individuals was left homeless, especially in south Florida and Bahamas (Barbour, & Nash, 2015). Moreover, Billions of dollars was wasted on the same hurricane. More of the structures were destroyed since the wind was powerful and resulted in declining of the domestic products of the affected society (Robinson, & Brown, 2016). However, the decrease interfered with the economic activities conducted in the affected areas (Barbour, & Nash, 2015). Under those circumstances, it is asserted that the catastrophic brought people from various States and culture to offer assistance to the affected community. 2 In that case, the ethical culture cohesion was strengthened and hence intensified.

References Barbour, H. & Nash, J. (2015). America’s great storm: leading through Hurricane Katrina. Jackson, Mississippi: University Press of Mississippi.

Robinson, S. & Brown, M. (2016). 3 The children Hurricane Katrina left behind: schooling context, professional preparation, and community politics. New York: Peter Lang.

Singleton, D. (2014). 4 The aftermath of Hurricane Katrina:  educating traumatized children pre-K through college. Lanham: 5 University Press of America.

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