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Business Ethics- Ethical Issues

When analyzing stakeholder approaches to ethical dilemmas, it's not uncommon for the issues and stakeholders to be interrelated. Typically, these issues are "hot" issues.

Consider and address the following:

What hot ethical issue is emerging in the business world today?

Of the different approaches to analyzing ethical issues: 1) The common good principle, 2) Rights, 3) Justice, 4) Utilitarianism, 5) Relativism, 6) Universalism; which do you think would provide the soundest analysis of this issue?

From the approach you chose to analyze the issue; why is it ideal?

Solution Preview

In both government and business today, greed and corporate corruption continues to be a resounding ethical theme that is discussed in the media. Repeat scandals are emerging that typically have people in power or with access to other people's money abusing that right for their own personal benefits. From Enron, to Bernie Madoff, and currently the protests on Wall Street in New York City, examples of abuse of ...

Solution Summary

In both government and business today, greed and corporate corruption continues to be a resounding ethical theme that is discussed in the media. Repeat scandals are emerging that typically have people in power or with access to other people's money abusing that right for their own personal benefits. From Enron, to Bernie Madoff, and currently the protests on Wall Street in New York City, examples of abuse of power driven by greed can be seen all around us (Kramer, 2009).

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