In today’s business world, businesses are subject to the laws of the country in which their company was organized and operates. Business owners are to conduct themselves and their affairs ethically and owe some degree of social responsibility for their actions. Ethics, although not law, is a set of moral principles or values that govern the conduct of an individual or a group (Cheeseman 132). Immanuel Kant, a well-known German Philosopher, believed the human mind creates the structure of human experience, that reason is the source of morality (Kant). He also believed that people owe moral duties that are based on universal rules. His ethical theory would have people behave according to the categorical imperative “Do unto others as you would have them do unto you” (Cheeseman 137). An equally important part to having a successful business is a well-known proven fact that ethics, although not the first variable in analyzing the profits of a business, plays a huge part in running a business that will turn a …show more content…
Also known as the Deepwater Horizon Oil Spill, the BP Oil Disaster, the Gulf of Mexico Oil Spill, or the Macondo Blowout. BP was mostly at fault, but Transocean, the rig operator, and Halliburton, the contractor, had some culpability as well. This oil spill was the worst in US history and could be seen from space. The United States Government estimated that it was approximately 4.9 million barrels (210 million gallons) that poured into the ocean. To this day, researchers and scientists are gathering data to try and understand the oil spill and the impact it’s had on the Gulf coast, it’s communities and marine life. The well was capped off on July 15, 2010, which was eight-seven days after the explosion and sinking of the oil rig and was declared sealed on September 19,