<< 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

what are the products of Nano chemistry?
Maira Reply
There are lots of products of nano chemistry... Like nano coatings.....carbon fiber.. And lots of others..
learn
Even nanotechnology is pretty much all about chemistry... Its the chemistry on quantum or atomic level
learn
Preparation and Applications of Nanomaterial for Drug Delivery
Hafiz Reply
Application of nanotechnology in medicine
what is variations in raman spectra for nanomaterials
Jyoti Reply
I only see partial conversation and what's the question here!
Crow Reply
what about nanotechnology for water purification
RAW Reply
please someone correct me if I'm wrong but I think one can use nanoparticles, specially silver nanoparticles for water treatment.
Damian
yes that's correct
Professor
I think
Professor
what is the stm
Brian Reply
is there industrial application of fullrenes. What is the method to prepare fullrene on large scale.?
Rafiq
industrial application...? mmm I think on the medical side as drug carrier, but you should go deeper on your research, I may be wrong
Damian
How we are making nano material?
LITNING Reply
what is a peer
LITNING Reply
What is meant by 'nano scale'?
LITNING Reply
What is STMs full form?
LITNING
scanning tunneling microscope
Sahil
how nano science is used for hydrophobicity
Santosh
Do u think that Graphene and Fullrene fiber can be used to make Air Plane body structure the lightest and strongest. Rafiq
Rafiq
what is differents between GO and RGO?
Mahi
what is simplest way to understand the applications of nano robots used to detect the cancer affected cell of human body.? How this robot is carried to required site of body cell.? what will be the carrier material and how can be detected that correct delivery of drug is done Rafiq
Rafiq
if virus is killing to make ARTIFICIAL DNA OF GRAPHENE FOR KILLED THE VIRUS .THIS IS OUR ASSUMPTION
Anam
analytical skills graphene is prepared to kill any type viruses .
Anam
Any one who tell me about Preparation and application of Nanomaterial for drug Delivery
Hafiz
what is Nano technology ?
Bob Reply
write examples of Nano molecule?
Bob
The nanotechnology is as new science, to scale nanometric
brayan
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Damian
Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
Renato
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
?
Kyle
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
Adin
why?
Adin
what school?
Kyle
biomolecules are e building blocks of every organics and inorganic materials.
Joe
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
research.net
kanaga
sciencedirect big data base
Ernesto
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
Good
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, Civis project - uprm. OpenStax CNX. Nov 20, 2013 Download for free at http://cnx.org/content/col11359/1.4
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'Civis project - uprm' conversation and receive update notifications?

Ask
Eric Crawford
Start Quiz