The Bhopal gas leak was obviously a terrible tragedy in which 1000s of helpless civilians were slain and hundreds of thousands were hurt as they slept. Determining who had been at fault and, consequently, whom should make up the subjects and clean up the site happen to be questions which may have plagued the affected celebrations, my Rotman classmates and the world at large for over twenty-five years. The research to follow, in attempting to present the roles and required each main player, is going to demonstrate the incredible problems involved in assigning conclusive responsibility for the tragedy. This will be then my personal glare on the episode in which I actually present an additional culprit to people discussed in class. Union Carbide Corporation (US): In seeking to assign responsibility for the incident, you will discover two very clear opportunities to point the finger at Union Carbide Firm. Firstly, pressure from the corporate and business office to stop losses backed Union Carbide India to a corner that led to the cost-cutting pitch that finally produced the disaster. If perhaps, as Milton Friedman stated, the sociable responsibility of your business is usually to increase earnings, then Union Carbide Firm is under a purely fiduciary, and not a moral or ethical, responsibility to the business shareholders and their decision to approve the cost-cutting plan seems appropriate. Friedman's watch, however , is usually far from universally accepted. Many believe that corporations' responsibilities with their shareholders, workers, customers and communities lengthen past fiduciary and enter the realms of ethics and CSR. These folks will place blame for the incident for Union Carbide Corporation for putting income before people. A second criticism often flattened at Union Carbide Firm is the fact that their inspectors had visited the Bhopal plant a year before the episode and observed sixty-one questions of safety. A grand total of no of these advice had been integrated by the time in the incident. Whilst...
Cited: 1 . Martin, Roger L. Fixing the Game. Harvard Business Review Press: Boston, 2011.
(while no immediate quotes had been used using this book, the main idea of the expectations market emerging as a threat to US organizations and financial system is generally gleaned out of this book).