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Gulf Oil Giving Foundation: A Case Study Of Business Ethics

1417 Words6 Pages

Q 1: Business ethics is" the study of how we ought to conduct business, the study of what makes certain actions within the business context the right rather that the wrong, thing to do, from a value-based perspective". (Diane Preston, 2006, p. 52). Ethics are value which arises from decisions and activities taken in the business by using the terms wrong and right. The decisions come from groups or individuals inside the organization which are affected by the culture of the company. (Diane Preston, 2006, p. 52). Ethics are very important for any business organization. Every company produces goods or services. Organizations need to have stakeholders in the market. These stakeholders are external (employees and owners) or internal (customers and suppliers). Shareholder …show more content…

It gives their employees safety care and promotes them. It gives reliable information about costs, revenues and their liabilities and risk factors for the investors and financial community. Also it take care of general public by taking care of public health issues and protection the environment by having effective recycling and protecting their employees. GORC’s group work about energy is to grow cost successful solutions for customers who are resulting from responsible of environment and reliable sources. ( www.Gulfoil.com) In 2006 The Gulf Oil Giving Foundation (GOGF) was established. It started to supports the research of Breast Cancer and Awareness programs which the America Cancer Society's (ACS's) and National Tier II Partnership are responsible about these studies. GOGF support the ACS's Making Strides Against Breast by swing for Hope Charitable Golf Tournament, National marketing campaigns and Corporate Initiatives. Also, Gulf Oil would bring their visible support or Breast Cancer Awareness to a new level by adding a Pink Ribbon Logo to the family. (

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