Pleasing Stakeholders While Remaining Ethical

Aug 20th, 2016
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Pleasing Stakeholders While Remaining Ethical How can managers please stakeholders while remaining ethical? • Explain the importance of ethical responsibility. • How do stakeholders impact decision-making? • How can a leader be profitable and ethical if the competition is not? • Give an example of a company that has been unethical and the consequences of that action. See: Eight Important Business Ethics Cases. • Give an example of a company that remained ethical and the consequences of that action.

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Pleasing Stakeholders While Remaining EthicalTitle:Course Name:Topic Name:Instructor Name:Student Name:DatePleasing Stakeholders While Remaining EthicalIntroductionEthical ResponsibilityEthics is simply a segregation of what is wrong and what is right. In contrast Ethicalresponsibilities set forth by standards and norms. Most important, in the work place attention toethics helps make sure that when manager and leaders are struggling in times of confusion andcrises, they retain a solid moral compass (Avolio B, 2007). Being ethically responsible is mostimportant because people desire to know with is trustworthy and that the business they areworking. On the business the ethical responsibilities have are to their customers, employees, andsociety as a whole (Avolio B, 2007). Leaders and Managers must keep in mind that theircustomer is depending on where they come from, some performance can be ethical considered inthe USA, but unethical in another country.Discussion ContentStakeholders Impact on Decision-MakingA Stakeholder is a individual or a group of people who has an involvement or interest in abusiness. Stakeholders can be employees, investors, and customers. Stakeholders influence andimpact decision making by building up the value and expanding profits of the company(Singhapakdi, A & K. Kraft, 1996). When you take into account the some different types ofstakeholders, you understand that they have a large effect on decision making. Some of t

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