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On Ethics and Law ? The foundation of our course rests upon an understanding of ethics

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On Ethics and Law ? The foundation of our course rests upon an understanding of ethics and law and their;impact on business and society. We defined ethics as the ?ideas by which society lives? and law as the;?machinery for enforcing and advancing those ideas?. No doubt modern management must understand the diverse environment of business, government, and society.;a. With the stakeholder relationship model as your guide, provide an authentic scenario that identifies the pluralistic characteristics of a business and its interaction with government and that dynamic;relationships? impact on society.;i. For example, consider the recent BP oil spill crisis ? from the perspective of the executive management team, what ethical issues are paramount to help BP manage the various stakeholders dependent upon its success while also under intense scrutiny and pressure from the government to clean up the mess?;b. What approach would you recommend as the ?best? way to serve the stakeholder environment ?;strategic, multi-fiduciary, synthesis? Why?

 

Paper#32388 | Written in 18-Jul-2015

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