Ethical Decision Making: Ok Tedi Mine

Ethical decision-making is becoming an important framework in an organisation. Companies are starting to recognize that they have a wider responsibility to the communities within which they operate. By making ethical decisions, a win-win situation can be achieved between the company and its stakeholders. BHP learnt this the hard way, with the Ok Tedi mine case. There were flaws in the original decision-making process as BHP did not closely take into account of some factors …showed first 75 words of 500 total…

…showed last 75 words of 500 total…derived from its financial success. The value of a corporation will also be drawn from how well it distributes some of its wealth back to the stakeholders and the community, and as well as how it contributes to both environmental and social issues. Making ethical decisions has a positive impact on both the company and the community. By demonstrating leadership in balancing commercial and social responsibility, corporations can be regarded as an employer of choice.