Please compare and contrast the terms environmental determinism, strategic choice, and stakeholder approach
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4. Please compare and contrast the terms environmental determinism, strategic choice, and stakeholder approach
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- Describe the utilitarianism, rights, fairness or justice,common good, and virtue approaches to ethical decision making. What is ethical relativism?Do you think social responsibility to promote sustainable practices? Why or why not?What makes environmental science so crucial in the strategic management process?
- Describe environmental social governance (ESG). Why does it need to be a key issue in strategic management and how will you integrate it in your recommendations for your individual and CLC group’s company?1-6. What are environmental forces?What are the most important ethical considerations that managers must take into account when making business decisions, and how can they balance competing priorities and obligations to ensure that their actions align with their values?
- Of the four secondary stakeholders mentioned in Figure 2.2, which has had the most interaction and/or influence, from an ethical perspective.What are the ethical considerations and challenges that managers face when making decisions about sustainability and corporate social responsibility within their organizations?Suppose your city is debating a change in policy from illegal use to legalizing recreational use of marijuana and cannabis products. Your local officials ask you to identify the appropriate aspects required to perform a cost- benefit analysis of this policy change. Using the principles of cost-benefit analysis, your local officials need help in identifying and understanding the benefits to consumers, the benefits to producers, total costs to consumers, total costs to producers, total costs from possible externalities, opportunity costs, incommensurable effects and intangible effects. For simplicity, dynamic time effects, which involve discount rates, are ignored. Following the principles of cost-benefit analysis, are the possible positive health effects (a positive externality) accounted for in cost-benefit analyses? O No. The health effects do not factor into cost-benefit analysis. O Yes. The health effects should be estimated but are a transfer and thus ultimately do not count…
- Explain the model of ethical decision-making in business and explain how it differs from the process used at home, in families, and personal lives.what is the best philosophical approach (capabilities, ethical, economic, corporate citizenship, or utilitarianism) underpinning corporate social responsibility and on what basis? Give an exampleWhat is corporate governance? Why is corporate governance an important concern for companies pursuing the social responsibility approach? How does it improve or change the nature of executive and managerial decision-making?