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[B] Ship-Owners and the Twenty First Century Somali Pirate: The Business Ethics of Ransom Payment. Paul Lansing and Michael Petersen, Journal of Business Ethics; (Sep 2011), Vol. 102: No.3, p507-516.
For this article:
(1) dentify and explain the tensions between businesses such as the shipping companies in the article achieving economic well-being for their shareholders and society achieving social well-being
(2) identify and comment critically on the most important ethical issues and risks to all stakeholders raised in the Somali piracy article; how may these ethical and risk issues turn out to be of impact to shipowners, businesses, international trade, ultimate consumers and other stakeholders
(3) provide a justification for your viewpoint(s)
(4) using your own professional, ethical and moral values, suggest balanced and workable strategies for amicably resolving these ethical and risk issues arising from Somali piracy in international waters while appreciating the complexity of the institutional environment and the risks apparent for firms operating internationally.
The written group article analysis report should follow the following criteria and structure:
CRITERIA/STRUCTURE [B] EXAMPLE WEIGHT
Section 1
A brief synopsis of the article and an introduction and/or background to the content of the article Briefly state what the article or argument is about, what type of organisations, actors, governments or businesses are involved and what their stake or interest is; how you are going to tackle the article analysis, how you have structured the rest of your analysis report after the synopsis and introduction section, etc. Don’t simply copy material from the article. 10%
Section 2
An outline and discussion of the most important issues and risks in the article with your own opinions explicit and the 4 learning tasks addressed. Identify and discuss the tensions between the commercial interest of businesses and the well-being of society. Discuss the most important ethical issues and/or risks raised in the article regarding all stakeholders, as well as your own opinions on those issues and/or risks. Justify your opinions and assessment of issues at every stage of your analysis. Relate how such important issues and risks might affect international businesses, international business operations, the ultimate consumer and other stakeholders in society. Ensure that you address each and all of the four learning tasks/questions accompanying your selected article in this section. 40%
Section 3
Summary, conclusions & recommendations Summarise the key points of the article and key points of your analysis of the article.
Suggest ways to further progress our scholarly understanding of the issues or risks raised in the article; and the issues/risks that you have identified as most important.
Using your professional, ethical and moral values, suggest balanced and workable strategies for amicably resolving these ethical and risk issues arising from Somali piracy in international waters. Consider who should take action, when actions should be taken, and how these actions should occur. Make a genuine and original attempt to explain your opinions
In this section, demonstrate an appreciation of the complexity of the institutional environment and the risks apparent for firms operating internationally. 40%
References, reference list and formatting You need to appropriately reference your work using APA style or Harvard Method and follow the guidelines on referencing (including Plagiarism Policy) shown in this course outline. Don’t simply list reference sources that you did not use. Use the report format with a table of contents and numbered sections and sub-sections. Groups should type their written group article analysis report using 1.5 spaced lines. If required place in the appendices any additional material relevant to the article analysis. 10%
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