Question #2-Divergent Thinking (Rubric Items: 1, 2, 3 and 4)
Using academic literature to support your description, analysis and recommendations, please complete this question by doing the following:
a.Describe and analyze two ethical theories that might explain the challenges faced by financial or marketing (choose one) professionals in a global commercial organization whose business is in luxury goods.
b.Choose a global luxury goods business organization and describe its products and culture as well as its leadership characterizations (styles) from recent trade magazines, popular news, and business web sites. This organization will be used in the in application of part c of this question.
c.Choose the ethical theory that resonates with you and how it is implicated in the analysis of luxury goods management challenges in your chosen organization.
i.How does that chosen ethical theory establish the framework for your divergent (contrasted) analysis of this organization?
ii.Identify the major stakeholders who are involved in that business, and compare and contrast the claims they make on the luxury goods organization.
iii.Describe the ethical impact of management decisions on the selected stakeholders and the organization.
iv.Suggest preferred courses of action in managing the potential ethical conflict between the stakeholders' demands and the approaches leadership in the organization might utilize to handle the ethical paradoxes resulting from their demands on the luxury goods organization.
GRADING RUBRIC:
1. Provides a comprehensive evaluation of key issues and trends caused by economic globalization. Analyzes the business and financial impacts and recommends feasible and strategic solutions that leverage the trends to meet sustained business success.
2. Analyzes and prioritizes needs of diverse stakeholders from a personal, social and corporate perspective. Evaluates business situations to recommend feasible, ethical, and legal actions.
3. Synthesizes and clearly expresses the complexities in a given business problem in a clear, concise, and logical manner. Reflection, application, and analysis of business concepts are presented in a succinct, systematic, and thorough manner well supported by sound evidence and current research
4. Comprehensive and extensive review of the literature from a variety of appropriate sources, extracting the important information and applying it in an in-depth response to the business problem. Comprehensively analyzes a business problem by gathering and assessing relevant information, diagnosing underlying causes, considering and evaluating possible alternatives, and determining and defending an appropriate, well-reasoned solution or course of action. Decisions show a high level of cultural sensitivity.