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Homework answers / question archive / 1 Explain the notion of Business Ethics and identify the ethical tension areas in the above scenario

1 Explain the notion of Business Ethics and identify the ethical tension areas in the above scenario

Business

1 Explain the notion of Business Ethics and identify the ethical tension areas in the above scenario.

2 Identify and critically evaluate key theoretical frameworks that can be applied to above scenario.

3 Similar to above scenario, analyze what other ethical issues can be identified in corporates? Provide examples of your own

4 Explain in detail how you can apply stakeholder management approach in the above ethical scenario to handle the ethical tension?

5 What would you suggest the company do in order to prevent such ethical dilemmas in future? Explain using Corporate governance and self-regulation mechanisms

6 Identify a recent global corporate crisis, such as the subprime mortgage crisis. Critically evaluate the underlying ethical issues related to the global crisis and how they impact on local businesses.

Learning outcome 1: Identify the theoretical frameworks of business ethics.

Learning outcome 2: Analyze the nature of ethical and sustainable issues in contemporary organizations.

Learning outcome 3: Examine value-based moral leadership, corporate governance and self-regulations in organizations.

Learning outcome 4: Criticize the business ethics and sustainability in global business environments

Scenario and the Tasks

Task 01

You work in a large scale construction company as a Project Manager. You have been appointed to manage a new project which the company is planning to sign up with the government. If the company is able to win the project it would create a substantial profit for the company and also create number of new jobs to people in the project area. After initial round of negotiations with the government officials your supervisor asks you to invite the government negotiators to a dinner at a 5-star hotel and suggest that you do "whatever necessary to take the deal". At the dinner the chief negotiator representing the government casually tells you that the "deal is yours for a 3% commission".

In a report format, address following areas related to above scenario

1. Explain the notion of Business Ethics and identify the ethical tension areas in the above scenario.

2. Identify and critically evaluate key theoretical frameworks that can be applied to above scenario.

3. Similar to above scenario, analyze what other ethical issues can be identified in corporates? Provide examples of your own.

4. Explain in detail howyou can apply stakeholder management approach in the above ethical scenario to handle the ethical tension?

5. What would you suggest the company do in order to prevent such ethical dilemmas in future? Explain using Corporate governance and self-regulation mechanisms.

6. Identify a recent global corporate crisis, such as the subprime mortgage crisis. Critically evaluate the underlying ethical issues related to the global crisis and how they impact on local businesses.

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