The Ethics of Hardball Research Paper Example | Topics and Well Written Essays - 500 words

The Ethics of Hardball - Research Paper Example 14). Therefore, applying the case of Home Depot, their decision to limit any increase in prices of their products especially during the anticipation of Hurricane Andrew still paid off in the long run. As emphasized, â€Å"although prices increased early in anticipation of Hurricane Andrew, Home Depot was still able, with the cooperation of suppliers, to sell half-inch plywood sheets for $10.15 after the hurricane, compared with a price of $8.65 before, thereby limiting the increase to less than 18 percent. Home Depot executives explained their decision as an act of good ethics by not profiting from human misery† (Braybrook, 1983, p. 12). By taking into consideration the interests of the society and the general public, and the scenario at hand, businesses could make good and ethical decisions by evaluating the repercussions of their actions on a longer perspective basis. †¢ Should businesses be held morally accountable applying different standards than we use to assess others in a society? Why or why not? Explain your position. According to the topic on The Relationship between Ethics and the Law, it was disclosed that â€Å"business activity takes place within an extensive framework of law, and some people hold that law is the only set of rules that applies to business activity. Law, not ethics, is the only relevant guide† (Braybrook, 1983, p. 14). Therefore, businesses are expected to be governed by ethical and moral standards; and should be held morally accountable for the various decisions made. Concurrently, despite legal standards that prevail and continue to be the primary basis for decision-making, both ethical and moral standards must be integrated and incorporated in the process. †¢ Is it inherently unethical to make business decisions that add long-term value to the business and which do not violate law or social convention? Why or why not? Explain your position. It is not inherently unethical to make business decisions that add long-term value