<< Chapter < Page Chapter >> Page >

Ethical issues in risk management for business

Each of these cases raises risk issues that cannot be settled by process alone but require substantive debate focusing on the fragile ethical values embedded in the surrounding socio-technical system. The stakeholders have at times worked together but more often engage in conflict over seemingly incompatible yet essential interests. Private industry has designed these projects to respond to real, market-based needs. For example, Puerto Rico desparately needs clean, renewable and sustainable sources of energy to protect its fragile environment and reduce its dependency on foreign oil. Yet other stakeholders, especially a public with complex and vital interests, have banded together to oppose these and other initiatives. Local residents demand a right to a livable environment, raise health and safety concerns, and assert civil rights based on distributive justice, free and informed consent, and due process. Past experiences with ambitious but poorly designed and executed business and government projects have consumed social capital and undermined public trust. Continuing development under these conditions has proven difficult. The Puerto Rican government has consistently been in the middle attempting to mediate between these contending parties. Can government play the role of "honest broker" and help lead conflicting stakeholders to political and social consensus? Can government lead the substantive ethical debate into applications of distributive justice, informed consent, and sustainable environmental value? Or should it step out of the way and let the public and private industry fight it out on their own? What role do free (or semi-controlled) markets have to play in mediating this conflict? This module will help you explore these problems through the prism of risk. You will study the different aspects of risk and learn about their ethical and social implications. The final objective is to help you manage risk ethically through responsible assessment, perception and communication.

What you need to know …

Working responsibly with risk requires careful integration of substantive ethical issues, distinguishing different senses of risk, and mastering the skills required in morally responsible risk communication. In other words, it is more than just implementing a mechanical process that imposes unwanted consensus on disparate groups and individuals. (See Sandel for an argument that past ethical controversies such as slavery had to be settled by means of substantive debates rather than procedural maneuvers.) Ethics is important to risk because scientific risk assessment is value-laden. Values permeate decisions such as choice of method as well as decisions on how to distribute the burden implied by the uncertainty involved in risk assessment and management. This section will introduce you to basic moral concepts involved in risk and offer information on how risk is assessed, managed, perceived, and communicated.

Questions & Answers

Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
What fields keep nano created devices from performing or assimulating ? Magnetic fields ? Are do they assimilate ?
Stoney Reply
why we need to study biomolecules, molecular biology in nanotechnology?
Adin Reply
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
what school?
biomolecules are e building blocks of every organics and inorganic materials.
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
sciencedirect big data base
Introduction about quantum dots in nanotechnology
Praveena Reply
what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
do you think it's worthwhile in the long term to study the effects and possibilities of nanotechnology on viral treatment?
Damian Reply
absolutely yes
how to know photocatalytic properties of tio2 nanoparticles...what to do now
Akash Reply
it is a goid question and i want to know the answer as well
characteristics of micro business
for teaching engĺish at school how nano technology help us
Do somebody tell me a best nano engineering book for beginners?
s. Reply
there is no specific books for beginners but there is book called principle of nanotechnology
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
fullerene is a bucky ball aka Carbon 60 molecule. It was name by the architect Fuller. He design the geodesic dome. it resembles a soccer ball.
what is the actual application of fullerenes nowadays?
That is a great question Damian. best way to answer that question is to Google it. there are hundreds of applications for buck minister fullerenes, from medical to aerospace. you can also find plenty of research papers that will give you great detail on the potential applications of fullerenes.
what is the Synthesis, properties,and applications of carbon nano chemistry
Abhijith Reply
Mostly, they use nano carbon for electronics and for materials to be strengthened.
is Bucky paper clear?
carbon nanotubes has various application in fuel cells membrane, current research on cancer drug,and in electronics MEMS and NEMS etc
so some one know about replacing silicon atom with phosphorous in semiconductors device?
s. Reply
Yeah, it is a pain to say the least. You basically have to heat the substarte up to around 1000 degrees celcius then pass phosphene gas over top of it, which is explosive and toxic by the way, under very low pressure.
Do you know which machine is used to that process?
how to fabricate graphene ink ?
for screen printed electrodes ?
What is lattice structure?
s. Reply
of graphene you mean?
or in general
in general
Graphene has a hexagonal structure
On having this app for quite a bit time, Haven't realised there's a chat room in it.
what is biological synthesis of nanoparticles
Sanket Reply
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
Privacy Information Security Software Version 1.1a
Got questions? Join the online conversation and get instant answers!
Jobilize.com Reply

Get the best Algebra and trigonometry course in your pocket!

Source:  OpenStax, Business ethics. OpenStax CNX. Sep 04, 2013 Download for free at http://legacy.cnx.org/content/col10491/1.11
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'Business ethics' conversation and receive update notifications?