Homework
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Explore the role of stakeholders and their impact to an organization, the stakeholder model, and the ethical obligations of an organization to those stakeholders. Remember that ethical obligations are duties that a person owes to a company in terms of his or her decisions and how he or she behaves. In considering the stakeholder model, it is helpful to reflect on the stakeholders in our own lives.
If you would like to review the stakeholder model, read this article "The 21st Century is one of "Managing for Stakeholders" by R. Edward Freeman.
YouTube Video: "Business is about purpose: R. Edward Freeman at TEDxCharlottesville 2013"
Reflect on a decision that you made in the past, and apply what you have learned about decision making and the stakeholder model. Then, respond to the following questions:
o Who were the stakeholders who were involved in that decision?
o How did your decision affect them?
o What were your ethical obligations to those stakeholders?
o Would you make a different decision? Why or why not?
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.