In a local or national newspaper, find an article about a topic related to business ethics. Read the article. Then, write 3–5 paragraphs that answer one of the following questions:
Explain what the article is about. Identify what you believe to be the goals and objectives of the business managers or owners described in the article. Do you find their objectives consistent with the stakeholder model described in your text? Do you think most managers consider stakeholders outside of their company? Why or why not?
- Article related to Business Ethics in the newspaper
The article published in Forbes has provided an overview of the ethical standards in different countries (“Forbes Welcome”, 2016). According to the article Japan, Spain and Germany has a good track record of following ethical standards while Russia, Brazil and India have the worst record.
The article explains different factors that might be contributing to the ethical standards in either way. In the countries where there are more violations of ethical standards, there is a pressure observed by even the top management to violate ethical standards to maximize profits. It points to the fact that the top management might be forcing the other employees to work to maximize profits only. This is an example of an unethical behavior by the top management whose goal seems to be profit maximization irrespective of the impact of the means employed on the society from a broader perspective.
The stakeholder model that I explained earlier had focused on following the ethical standard while the article has mentioned the unethical behavior of businesses. This is why I think that the objectives of the management are not consistent with the stakeholder model.