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3 cards from this section. Quick, good the night before a test.
Define an ethical dilemma.
Think about a scenario where you must choose between two moral principles.
What are stakeholders?
Consider who is impacted by a company's actions.
What defines an ethical dilemma?
Think of situations with at least two competing moral principles.
True or False: Stakeholders are only employees of an organization.
Consider who else may be impacted by business actions.
Consider a company facing a decision to reduce workforce or cut down on sustainability initiatives. Analyze the potential long-term effects of both choices on stakeholders.
Think about how each decision impacts employee engagement, customer loyalty, and brand perception.
Evaluate two scenarios: one where a firm prioritizes shareholder profits at all costs and another where it considers employee welfare alongside profits. Discuss the implications for future decision-making.
Reflect on the balance between short-term gains and long-term success.
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