What was key corporate decision point that defines BP's ethical dilemma in this case study? Which ethical frameworks characterizes BP's decision? In your initial Discussion post, be sure to include the following three areas:
• Explain how the philosophy of Milton Friedman might have played a role in BP management's decisions leading up to the disaster.
• Explain the role of the ethical framework called "egoism" in the decisions made by BP relating to this disaster.
CSR and sustainability theories like the Triple Bottom Line (TBL) could have led BP to make fundamentally different decisions, potentially preventing the Deepwater Horizon disaster. The tragedy was the result of a series of cost-cutting measures and a flawed safety culture, which prioritized short-term financial gains over environmental and social well-being. A true commitment to CSR and the TBL would have shifted the corporate focus from a single bottom line (profit) to a three-pronged approach: people, planet, and profit.
An organization operating with a genuine commitment to CSR and the TBL would have had a different decision-making process, incorporating the following considerations:
IS IT YOUR FIRST TIME HERE? WELCOME
USE COUPON "11OFF" AND GET 11% OFF YOUR ORDERS