Think Tank: Shokun Steel
Shokun Steel Co. owns many steel plants. One of its plants is much older than the others. Equipment at that plant is outdated and inefficient, and the costs of production at that plant are now two times higher than at any of Shokun’s other plants. The company cannot raise the price of steel because of competition, both domestic and international. The plant employs more than a thousand workers and is located in Twin Firs, Pennsylvania, which has a population of about 45,000. Shokun is contemplating whether to close the plant. What factors should the firm consider in making its decision? Will the firm violate any ethical duties if it closes the plant? Analyze these questions from the two basic perspectives on ethical reasoning.Discussion participation is part of your grade so make sure that you post your thoughts and views on the subject. Please use the APA method. Meaning embeds the citations into your post. You can then include your sources at the bottom.Think Tanks Grading RubricTimelinessPostings are timely, allowing others to read and respond.SubstanceComments are meaningful and reflect the insight and careful analysis of the course content; contain rich and fully developed ideas, applications, and connections that add to the discussion.CitationsCites meaningful sources of information from textbooks and outside sources. Provides feedback to others in a thoughtful, academic way.FeedbackAlways provides feedback to others in a thoughtful, academic way.NetiquetteDemonstrates courtesy and respect for others. All rules of netiquette are followedThink Tank 3: Shokun Steel – Law FShokun Steel Co. owns many steel plants. One of its plants is much older than the others. Equipment at that plant is outdated and inefficient, and the costs of production at that plant are now two times higher than at any of Shokun’s other plants. The company cannot raise the price of steel because of competition, both domestic and international. The plant employs more than a thousand workers and is located in Twin Firs, Pennsylvania, which has a
