Businesses have reasons to consider these issues, though extraordinarily difficult; how would you prefer that they reach conclusions in these areas?
It paramount for organizations to consider the benefits and costs of every decision that is made. However, the decisions must not look down on the value of life like the one the management at Ford did in deciding to recall the Pinto that was causing numerous deaths. Organizations need to consider the value of human life because this will guide their remuneration decisions as well as other decisions that affect the well-being of the stakeholders (Schachter, 1983).