Case Study

Case Study

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Case Study

Summary

The following case study investigates the ethical issues surrounding one of Canada’s reputed mining corporations, Barrick Gold Corporation. The respective organization has initiated an array of mining endeavors in different countries based on its state as a multinational enterprise. Its recent exploits in the developing country of Tanzania in Eastern Africa, specifically the Lake Victoria region, have exhibited ethical concerns that form the basis for the respective assessment. Due to current discontent as well as increased criticism from the surrounding communities, employees, the local media, and non-government officials, the organization has focused on implementing measures comprising international Corporate Social Responsibility (CSR) policies as a viable and pragmatic response. In order to resolve the situation, Barack Gold should focus on the application of initiatives that balance its localization tactics and international business capacities. Furthermore, the corporation should create social acts, which develop a competitive edge for the community and the firm.

Prescriptive Paragraph

The ethical decision that Barrick Gold will implement will satisfy every party involved in the dispute due to the nature of applicability within any circumstance. Based on a deontological foundation, the decision applied by the corporation will assert rational measures that will satisfy the needs of the community or the involved stakeholders. Foremost, the development of social acts will establish a balance between the corporation’s localization strategies and its multinational business capabilities. Consequently, Barrick Gold’s implementation of social acts will establish a competitive edge for its business as well as the affected communities. Simply, the potential ethical decision will treat the community as well as the firm as an end and a means by gratifying the needs of the involved conflicting parties. Therefore, for Barrick Gold Corporation to be ethical, it should apply social acts that establish a competitive advantage for involved stakeholders.

Descriptive Paragraph

The corporation, Barrick Gold, will support its needs and the interests of the affected local communities by implementing positive social acts. The acts in question will aid in developing a profound understanding of the stakeholders within the affected area. In addition, the company’s social acts will foster sustainable mutual hybrid types of governance via engagement initiatives. The actions that will be taken by Barrick Gold will uphold the rules established. Accordingly, the decision will influence other companies to implement developments that cater to the demands of the local communities first. In this respect, the application of such measures will establish positive benefits for the communities as well as the company itself. Furthermore, the rules that arise from the implementation of the respective ethical decision will influence an improvement of governmental corporate regulatory structures that facilitate the development of cross-sector affiliation activities. To be ethical, Barrick Gold will refuse from concentrating on its needs by implementing acts that serve the demands of the affected community.

Conclusion

The policy that Barrick Gold Corporation will implement in order to abate the tension will involve the implementation of social acts that satisfy the needs and demands of all the involved stakeholders. The proposed decision will allow the respective organization to foster various social governance measures that establish a win-win situation for the organization and the affected stakeholders. Doing so will enable the organization to create competitive benefits for the surrounding community and itself as a company. For the company to be ethical, Barrick Gold should never focus on the gratification of its own needs. Consequently, the corporation will respect the interests of the affected communities.

 

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