Business Ethics Case of Malden Mills Essay - 2321 Words

MGMT – 368 Business Ethics The Case of Malden Mills Introduction On December 11, 1995 a fire burned most of Malden Mills to the ground and put 3,000 people out of work. Most of the 3,000 thought they were out of work permanently. A few employees were with the CEO in the parking lot during the fire and heard him say â€Å"This is not the end.† With these words began a saga that has made Aaron Feuerstein a legend among American leaders and a hero to his employees, (Boulay, Art). Central Facts about the case In the 1980’s Malden Mills had gone bankrupt when the market for the fake fur, (which they produced), dried up. Conversely, Mill’s continued its production of upholstery fabric and developed a new fleece product, Poalartec, and made a†¦show more content†¦But as a member of a family that has done business in Lawrence, Mass. since the earliest years of this century he decided to maintain a precious legacy, the covenant between his family’s business and the community in which it has dwelled, created jobs, and pumped economic health for so many years. Malden Mills is the juxtaposition, of family values and competitive economic strength in a global economy, (Narva, Richard). What distinguishes Aaron Feuerstein and other leaders like him is courage. Feuerstein has the valor to stand by his convictions and take the appropriate actions. If Feuerstein showed courage by committing his wealth and good name in rebuilding Malden Millsâ⠂¬â€he only has done what leaders through the centuries have done. He lead the way, blazed the trail, so that his followers could do the impossible, (Boulay. Art). Deontological moral systems typically stress the reasons why certain actions are performed. Simply following the correct moral rules is often not sufficient; instead, we have to have the correct motivations. Nevertheless, a correct motivation alone is never a justification for an action in a deontological moral system and cannot be used as a basis for describing an action as morally correct. It is also not enough to simply believe that something is the correct duty to follow. Duties and obligations must be determined objectively and absolutely, not subjectively. There is no room in deontological systems of skewedShow MoreRelatedMalden Mills Company: Strategy Analysis2155 Words   |  9 PagesIntroduction The Malden Mills Company is faced with different problems since it was built. 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