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- Who would be on your stakeholder checklist? Which stakeholders are you already engaging and building relationships with?Explain the major ethical theories discussed in class that business people can use to guide their decisions. Which theory do you feel is best in the modern business world? Explain your opinion.What are the pros and cons of ranking shareholders over employees and other stakeholders? Is it wrong to see employees as costs of production?
- Thoughts on Stakeholder Management Approach vs. expectation management?The SituationYou work for a growing company, which thus far has operated only in the United States and Canada. Its board has just approve a plan to expand operations in two locations in the world whose local populations are overwhelmingly Hindu. The company management knows nothing about Hinduism, except perhaps for a few stereotypes. The company plans to hire most of its staff locally, so it needs basic information about Hinduism so that it can conduct advertising, human resources, and other aspects of its operations without offending cultural sensibilities.Your TaskYou work in the accounting department, but because you have a degree in religious studies, the company’s management has asked you to prepare a brief report on certain aspects of Hinduism. It will use your report as the basis for determining a plan for further study. Your report, therefore, should be clear and specific about religion However, it need not and should not concern itself with details about how…Decisions taken within an organization may be made by individuals or groups, but whoever makes them will be influenced by many aspects of the company. The decision to behaveethically is a moral one; staff must decide what they think is the right course of action. Define ethics and explain why there are disagreements and dilemmas about what proper ethical behavior really is. Why is right or wrong behavior not clearly identifiable in an organization? Rationalize your answers in detail, with organizational examples.
- As a business leader over the course of your career you will establish patterns of behavior that determine what's capable and what's not within your organization. Create a Code of Ethics for your organization that explains acceptable behavior towards employees, customers, and suppliers. Your Code of Ethics could be a list of guidelines that explains everyone's responsibilities within the organization, or statements of goals for everyone in the organization to meet or exceed, or policies that must be followed to promote ethical behavior from everyone in the organization.What can strategic leaders do to create and maintain a strong organizational culture? What steps can a strategic leader take to establish and maintain ethical practices within his or her organization?essay about why Unilever's Corporate Social Responsibility and Stakeholders should engage with the stakeholder. Discuss the following points in your essay: define the concept of stakeholder engagement. Outline why Unilever's Corporate Social Responsibility and Stakeholders should engage with the stakeholders. with reference
- How does the stakeholder theory of management challenge the traditional focus on shareholder value, and what are the implications for organizational decision-making?What is trust, and how does it relate to justice and ethics? In what three sources can trust be rooted? What is the four-component model of ethical decision-making?If you were faced with an ethical dilemma, from whom would you seek advice? Describe some decisions that might be good for an organization’s profitability in the short-term, butbad for the organization in the long-term. What factors would you take into consideration if you were thinking about leaving your job ratherthan do something unethical?