In: Economics
This week several large companies announced self imposed restrictions on gun sales in response to the recent school shooting in Florida. Both Dick’s Sporting Goods and Walmart placed restrictions on the sale of “assault style riffles” and additional age restrictions as well. Other companies have since followed suit, despite the fact that the United States Congress has thus far failed to respond with legislation.
Do you feel that Dick’s Sporting Goods and Walmart responded in an ethically and socially responsible manner, especially in light of their various stakeholders?
These companies took the initiatives
to bring in restriction upon the sales of rifles. It brings
benefits to the communities that confirms to the utilitarian
approach of the ethical theory. It means that action taken by the
companies are ethical in nature. Besides, as per the deontological
approach, the intention of the action by the companies, is morally
right in the society. So, it is also ethical as per the
deontological approach. Further, the action taken up by the
companies will result in restriction upon the number of ownership
of the rifles. It can reduce the chances of the occurrence of such
incidents. So, it is ethical as per the consequentialist approach.
Here, the interests of the communities and the regulatory agencies
in terms of the reduction of fire cases are taken care off.
Employees also get clarity upon the guidelines as well. Owners of
the company as stakeholders, can see a small dip in sales of these
products. But looking at the broader picture, they will be
benefitted in terms of increase in goodwill and reputation in the
market.
Though, to make an effective implementation of these actions are
equally important. Developing a stringent policy guidelines and
training of the employees who are involved in sales of these
products. It will make the self-imposed action to be ethical in
real sense.