Contemporary Management Issues Essay Example | Topics and Well Written Essays - 2500 words - 1

Contemporary Management Issues - Essay ExampleThe company s barter is a large-scale agate line accounting almost all of the countrys natural gas come forth and for more than 70% of its crude oil productions (Petroleum increase Oman, 2014). In order to perform its operational action at law at more than 5,000 producing wells the company employs about 6000 people and works with more than 35, 000 contractors (Petroleum Development Oman, 2014). Taking into consideration this type of business and the number of people involved, the company has extremely huge social and environmental responsibility for its activity.There are two key objectives of the assignment. The first one is to provide an overview of the theories of business ethical motive to stakeholders and critical analysis of how Petroleum Development Oman Llc develops and sustains business morals and how the company conducts business ethics to its stakeholders (including shareholders, employees, customers, suppliers, and gove rnment). The second objective is to review different elements of corporate social responsibility (CSR) and to provide critical rating of the rewards/benefits of CSR obtains the Petroleum Development Oman Llc while implementing CSR.There are many various definitions and interpretations of the term business ethics. One of the most common interpretations is that business ethics or values set the definitions of good and bad, mighty or wrong in business environment (Payne, & Landry 2006). Further, these definitions become generally accepted standards in the business context (Gavai 2010). Thomas Garrett explains that business ethics is concerned primarily with the relationship of business goals and techniques to specific humans needs (cited by Gavai 2010, 4).There are recognized two traditional theories of business ethics Raiborn and Payne principles and the Kantian analysis (Payne, & Landry 2006). The idea of the