Essay Sample on Koch Industries: Exploring Bias and Perceptions

The audio ties into the bias and perceptions in a number of ways; to begin with, Leonard highlights that Koch Industries does not want to go public because it perceives itself doing business beyond normal operations (Terry n.p). Also, the Company is against regulations of carbon and greenhouse gas emissions; this seems that the industry does not care about climate change. It is only concerned about its fossil fuels business. Koch industries are also biased to the Democrats and the Republicans who support the cap and trade bill targeting greenhouse gas emissions.

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The issue that the audio might highlight regarding policy institutions is international trade. Koch Industries exchanges fossil fuel commodities across international borders in order to achieve its lobbying goals. It operates in Washington D.C., New Jersey, California, Missouri, Ohio, Virginia, to mention but a few (Terry n.p).

I do not believe that what was discussed is a strategically effective way to position an organization. Koch does not support the idea of regulating carbon and greenhouse gas emissions. Moreover, it opposes price on carbon and greenhouse gas emission with the claim that it might reduce demand for fossil fuel and reducing the value of the globe-spinning infrastructure. Any good company should be concerned about the decision on climate change so that it can get quality information about carbon and greenhouse gas emission, and then develop policies to manage and reduce the emissions. The other thing is about its operations, I do not believe that what was discussed an effective way to position an organization because most of its operations are hidden, for instance, it is a hidden giant business of the American economy.

There is a clear line between acceptable and unacceptable business practices. Acceptable business practices are ethical principles that an organization should abide by, for example, the need to make a rightful decision about climate change, honesty operations, law-abiding, fairness, and a promise for respect and trustworthiness. On the other hand, unacceptable business practices include things such as business, unsubstantiated claims about their commodities, and promoting misleading information and prices and tax payments. Examples are the unsubstantiated information that Koch Industries are using in their operations of fossil fuel commodities.

I believe that other entities such as healthcare use these same policies. Many healthcare organizations in the United States have the same form of private enterprise; they provide healthcare services as a business. Many for health care organizations are not publicly traded; they are focused on long-term growth from their operations.

The Koch practice that I find most interesting is its concept of hidden practice. The practice is amazing because it has enabled Koch Industries to grow and learn from other organizations. Moreover, it is through its hidden practice agenda that Koch Industries has become a giant of the American economy. It is surprising to find out that the company has a massive avenue larger than the US. Steel, Facebook, and Goldman combined (Terry n.p). The company does its business in a way that touches many people a model known as modern civilization.

Humana Inc.is a healthcare insurance organization that mirrors Koch Industries' practices. It is not publicly traded because its line of business is not focused on the delivery of healthcare services but on profit accumulation. Gray asserts that Humana Inc. does unethical operations, which conflicts with the traditional mission and values of health care organizations (n.p). However, Humana Inc. and Koch Industries see themselves business entities and there is nothing wrong with them making money from their operations.

In regard to healthcare research, this audio brings values such as ethical practice, commitment to integrity, compassion, and respect for other people. Considering the case of Koch Industries, it is unfortunate to note that the organization is only concerned about the accretion of profits and maintaining its fossil fuel commodities and not the interest of people as far as climate change is concerned. Emission of carbon and greenhouse gas is likely to negatively impact the lives of people and therefore, a threat.

References

Gray, Bradford H. "Profits and Health Care: An Introduction to the issues." For-Profit Enterprise in Health Care. National Academies Press (US), 1986. Retrieved from: https://www.ncbi.nlm.nih.gov/books/NBK217897/

Terry, Gross. 'Kochland': How The Koch Brothers Changed U.S. Corporate And Political Power. NPR, 2019. Retrieved from: https://www.npr.org/2019/08/13/750803289/kochland-how-the-koch-brothers-changed-u-s-corporate-and-political-power