12.8.5. Ethical Dilemmas

Try these first

1. 1.

   Define an ethical dilemma.

   Hint

   Think about a scenario where you must choose between two moral principles.

2. 2.

   What are stakeholders?

   Hint

   Consider who is impacted by a company's actions.

3. 3.

   What defines an ethical dilemma?

   • A clear right or wrong answer
   • A choice between conflicting values
   • A situation with no consequences

   Hint

   Think of situations with at least two competing moral principles.

4. 4.

   True or False: Stakeholders are only employees of an organization.

   • True
   • False

   Hint

   Consider who else may be impacted by business actions.

5. 5.

   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.

   Hint

   Think about how each decision impacts employee engagement, customer loyalty, and brand perception.

6. 6.

   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.

   Hint

   Reflect on the balance between short-term gains and long-term success.