Question
Your company, My American Heaters, Inc. has succeeded in becoming a publicly traded company with 300 shareholders! You are excited to announce that you have
Your company, My American Heaters, Inc. has succeeded in becoming a publicly traded company with 300 shareholders!
You are excited to announce that you have developed a cost-saving plan that will allow your company to substantially reduce production costs. By doing so, profits will rise and distributions for the new shareholders will increase. Your plan is to outsource the entire manufacturing process to Mexico. The Mexican company you are negotiating with can produce your heaters for 20% less than your company can in the USA.
The plan means that you will lay-off your local workforces in the company's 5 manufacturing plants. They are located in the small Georgia communities of Bremen, Bowdon, Talking Rock, Jasper, and McKaysville.
You are unaware of exactly how the Mexican manufacturing plant can produce your product for so much less than you can. You don't want to know the details.
Using the IDDR Method of examining whether an action is ethical, analyze your out-sourcing plan in order to and come up with an ethical result.
Explain your steps and processes clearly and in detail.
Don't forget to include your decision.
This is a written response answer that will require at least several paragraphs.
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