Unocal in Burma Case Study Management Essay Research

Unocal in Burma Case Study
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Unocal in Burma Case Study
It would be fair to acknowledge that Unocal was definitely a visionary corporation, having had its contingent plan to invest in international markets and explore new opportuneness to evade their collapse after the depletion of US oil fields. Moving to foreign jurisdictions implies that Unocal Inc. had to make some critical decisions, particularly their ability to remain an ethical corporation even when operating overseas. Although Unocal brought about positive changes to the Burmese, their business ethics principle is fond of varied interpretation, either right or wrong, depending on what approach of business ethics is put into play.
In the utilitarianism business ethics principle, right and wrong are primarily based on the outcome ADDIN ZOTERO_ITEM CSL_CITATION {"citationID":"Tg75LWlU","properties":{"formattedCitation":"(Sison et al., 2018)","plainCitation":"(Sison et al., 2018)","noteIndex":0},"citationItems":[{"id":1130,"uris":["http://zotero.org/users/local/IBolxqVE/items/XHKEQN84"],"uri":["http://zotero.org/users/local/IBolxqVE/items/XHKEQN84"],"itemData":{"id":1130,"type":"book","publisher":"Routledge","source":"Google Scholar","title":"Business ethics: A virtue ethics and common good approach","title-short":"Business ethics","author":[{"family":"Sison","given":"Alejo José G."},{"family":"Ferrero","given":"Ignacio"},{"family":"Guitián","given":"Gregorio"}],"issued":{"date-parts":[["2018"]]}}}],"schema":"https://github.com/citation-style-language/schema/raw/master/csl-citation.json"} (Sison et al., 2018), which gives the impression that it is some kind of consequentialism. From a business perspective, that which yields the greatest outcome is the choice that takes precedence over the other and is deemed to be right in this approach. This approach makes perfect sense for a business model. However, there are shortcomings too, including the violation of individual rights and the uncertainty that comes with future events. In a case where an individual or a party that is part of a collaboration, for example, fails or withdraws from paying the monthly membership fee of a collaboration, it might be satisfying to the individual or the party, but more damage is inflicted on most of the collaboration and society at large. In the case of Unocal Inc. financing pipeline investment within Burma, the utilitarian approach would deem the choice right simply because a larger portion of the population including the investors bene...