The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c...
INTRODUCTION Environmental ethics is concerned about entire ecosystems or regions or with smaller units such as species, individual non-human animals or plants, or landscape features such as mountains or forest. (Kibert et al, 2012). One business response to concerns about the environment is to express corporate responsibility to make the business a seat of economic and ethical decisions. (Business Ethics,2012). A company demonstrates its respect for the environmental ethics through corporate social responsibility. Corporate social responsibility (CSR) may be defined as the actions of an organization that are targeted toward achieving a social benefit over and above maximizing profits for its shareholders and meeting all its legal obligations. CSR for global organizations can also involve the demonstration of care and concern for local communities and indigenous populations. (Ghillyer, n.d). DISCUSSION The Case of DDT was invented in 1873, and has been known since the early days of synthetic organic chemistry. Its toxic effect on insects was discovered more than 65 years later in 1939 by the Swiss chemist Paul Hermann Müller who, in 1948, was awarded the Nobel Prize in Physiology and Medicine for the discovery. The chemical was first applied outside the laboratory during World War II, where it was used to fight various insect borne diseases such as malaria. After the war, DDT continued to be used in the fight against malaria but was also quickly conscripted into use as an agricultural insecticide – offering a potential solution to the issue of feeding the rapidly increasing global population. (Børsen &Nielsen, 2017). The application of DDT within agriculture promised increased food production while being seemingly harmless to human health. The future was to tell another story as it was later discovered that DDT was harmful. Concern about the effects of DDT grew until the Environmental Protection Agency banned its use but not the manufacture in the United States at the end of 1972. I do not think that If Mexico has no ban on DDT, a corporation should buy land in Mexico, import DDT from the USA, grow larger crops, and export them to the USA. If DDT was banned in the country that it is being made in, then it should not be sold outside the country. The potential danger is that DDT may have an indirect but dramatic effect on the ecosystem structure by breaking essential links and transfers within the ecosystem network. Adverse impacts evidence shows that exposures to DDT, whether as a pesticide or a disease control agent, can cause ecological and human health effects. DDT belongs to a group of chemicals known as Persistent Organic Pollutants (POPs). These compounds are persistent, i.e. hard to break down, and will therefore remain for a long time within the environment or human bodies. They disperse easily and are unfortunately toxic to both humans and wildlife. DDT is persistent with a half-life time of 2 to 15 years. Its residues may be found for decades in soil, from where they can merge within organisms and later be transferred to consumers by means of food consumption. (Børsen &Nielsen, 2017). Ethical duties of the corporation to the workers in Mexico is to educate the workers on the dangers of exposure to uncontrolled levels of DDT, potential hazards of misuse and health risks. The corporation also has the ethical duty to find alternative pesticides for its Workers to use for its activities. Ethical duties of the corporation to the neighboring landowners is to educate them that the Commercial farming practices of the corporation is aimed at maximizing crop yields but at the same time has negative impact on environmental of the locals in Mexico by disturbing the balance of ecosystem and public health by causing health hazards to locals. Ethical duties of the corporation to USA consumers is to inform consumers that their products have the chance of containing DDT, the amount should be stated on labels and consumers should be aware of the health risk of consuming such products so they can make a choice. The United States has been a leader in efforts to control the dangers of hazardous exports. There are several reasons to resist recent attempts to alter that status. I think that there is an ethical duty of DDT manufacturers to take reasonable steps to protect foreign consumers from products judged too dangerous for its own citizens in the US. The U.S. commitment to human rights, as expressed in the U.N. Charter,150 is a hollow one if it does not extend to protection from injuries associated with known hazardous products.` Manufacturers and exporters of these products in the US must therefore assume primary responsibility, for the regulation of these products and the dissemination of relevant information. It is also important to realize that tragedies caused by the usage of American products in other countries can lead to increased resentment of the United States. The discovery of hazardous effects for which no warning was given may jeopardize favorable trade relations. (Greenwood, 1985). CONCLUSION In spite of the usefulness of DDT, there is no doubt that it poses danger to humans and the entire environment .It is important that the use of DDT must be regulated to prevent overuse. The Stockholm Convention provides an ethically sound legal framework for the regulation of DDT. Alternatives to DDT exist both in the form of target-specific pesticides and by means of holistic agricultural approaches. It is ideal that early warning mechanisms are set up to spot unforeseen effects of the alternatives developed to replace DDT in both agriculture and in the domain of public health. (Børsen &Nielsen, 2017). REFERENCES Børsen, T and Nielsen, S.N. (2017). Applying an Ethical Judgment Model to the Case of DDT .Retrieved from http://www.hyle.org/journal/ Business Ethics (2012). This book is licensed under a Creative Commons by-nc-sa 3.0 license. Retrieved from: http://2012books. Ghillyer (n.d).Business Ethics Now .Retrieved from https://home.kku.ac.th/ Greenwood, C.D (June 1, 1985) .Restrictions on the Exportation of Hazardous Products to the Third World: Regulatory Imperialism or Ethical Responsibility? Retrieved from https://lawdigitalcommons.bc. Kibert, C.J, Thiele, L., Peterson, A., & Munroe, M (2012).The Ethics of Sustainability, Retrieved from http://rio20.net/wp-content/ |
Comments