Discussion:
Critical Thinking: Ethical Dilemmas
Requirements: Successful Strategic thinking Exercises will be three (3) to five (5) pages in length and incorporate the information and knowledge gained in the course.
Identification of Ethical Issue(s):
Analyze from:
a. a strictly legal standpoint
b. a moral and ethical viewpoint
c. what is best for the company in the long run 36
Decision on how to respond to each situation: 16
Mechanics:
Spelling, Grammar, Readability
Assignments should include a cover sheet with your name, class, and title of the assignment.
ETHICAL DILEMMA
Below are several situations that present ethical questions in a business.
Analyze the situation:
(a) from the strictly legal viewpoint
(b) from a moral and ethical viewpoint (personal and organizational), and
(c) from the point of view of what is best in the long run for the company.
Think of yourself as an executive/manager of the company and be sure to consider both short and long range consequences. Also look at each situation from the perspective of all stakeholders (groups concerned: customers, stockholders, employees, government, and community).
You are an accounting manager in a large firm. Your boss tells you to use a controversial accounting practice which will make the company's profits seem higher. She tells you it is only to impress stock holders and will not be used in statements submitted to the IRS.
What do you do and why?
Hint: This is a business situation and requires that you respond to it from your personal and a business perspective.