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Bankruptcy

Bankruptcy

Ethics in Business

From a business perspective, working under government 
contracts can be a very lucrative proposition. In general, a stream of 
orders keep coming in, revenue increases and the company grows in the 
aggregate. The obvious downfalls to working in this manner is both 
higher quality expected as well as the extensive research and 
documentation required for government contracts. If a part fails to 
perform correctly it can cause minor glitches as well as problems that 
can carry serious repercussions, such as in the National Semiconductor 
case. When both the culpable component and company are found, the 
question arises of how extensive these repercussions should be. Is the 
company as an entity liable or do you look into individual employees 
within that company? From an ethical perspective one would have to 
look at the mitigating factors of both the employees and their 
superiors along with the role of others in the failure of these
components. Next you would have to analyze the final ruling from a
corporate perspective and then we must examine the macro issue of
corporate responsibility in order to attempt to find a resolution for
cases like these.

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