Problem
Consumers are increasingly paying the same price for less, a phenomenon known as "Shrinkflation".
i. Give a summary of what Shrinkflation is.
ii. What are the ethical implications of Shrinkflation?
iii. What role does corporate culture play in Shrinkflation.
iv. Identify the affected stakeholders.
v. Reflect how, as an organizational leader, the stakeholder management approach promotes ethical and legal decision-making.