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ACC260 / ACC 260 / WEEK FIVE 5 DISCUSSION QUESTIONS

ACC260 / ACC 260 / WEEK FIVE 5 DISCUSSION QUESTIONS

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Discussion Question 1
 Due Date: Day 2 [Main forum]
 Post your response to the following: Answer question 5 on p. 354 (Ch. 5) of the text. Explain your answer.
3. Discussion Question 2
 Due Date: Day 4 [Main forum]
 Post your response to the following: In what circumstances would each approach to stakeholder impact analysis (moral standards, 5-question, and Pastin’s approach) be most useful? Generalize about the approaches and describe when each would be most or least useful.
Discussion Question 1
 Due Date: Day 2 [Main forum]
 Post your response to the following: Answer question 5 on p. 354 (Ch. 5) of the text. Explain your answer.
3. Discussion Question 2
 Due Date: Day 4 [Main forum]
 Post your response to the following: In what circumstances would each approach to stakeholder impact analysis (moral standards, 5-question, and Pastin’s approach) be most useful? Generalize about the approaches and describe when each would be most or least useful.

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Week 5 DQ 1 Due Date: Day 2 [Main forum] Post your response to the following: Answer question 5 on p. 354 (Ch.

5) of the text. Explain your answer. All three approaches focus on deontological and virtue ethics philosophies, however, each stakeholder approach focuses on a particular consequence of action. Therefore, I do not believe that the 5-question approach is superior to the other two approaches. For instance, the moral standards approach utilizes the three fundamental interests of all stakeholders, leading to a wider analysis of the benefits, rather than utilizing profitability without consideration for the long term consequences of a decision, which is used in the 5-question approach. The basis of the Pastin approach is ground rule ethics being utilized for all company decisions that are made internally. For a truly comprehensive analysis, all concepts of stakeholder impacts must be used. For any EDM framework to be comprehensive, all ethical philosophical approaches must be combined and included with gap analysis of one’s, ethical virtue and upstanding character.

Week 5 DQ 2 Due Date: Day 4 [Main forum] Post your response to the following: In what circumstances would each approach to stakeholder impact analysis (moral standards, 5-question, and Pastin’s approach) be most useful? Generalize about the approaches and describe when each would be most or least useful. 5 Question 5 question approach which is 1) Is it Profitable?, 2) Is it Legal?, 3) Is it Fair?, 4) Is it Right?, 5) Is it going to further sustainable development? is most effective when ethical scenarios arise that have no long term issues that need to be taken into consideration and when concentration should be made in the decision making process evaluator that requires the least to most useful focus. The 5 question approach is less effective when profitability is the main assessment factor. Other analyses that are made using cost benefit and risk benefit constructs would be more useful in those cases.

It is least useful when profitability is the main focus of the decision. . 3) rule ethics that are intended to honor personal or organizational boundaries. Pastin’s approach Pastin’s approach involves an ethical consideration on four key points. This approach is not particularly useful in situations where decisions need to be based on profitability. 2) Protect and respect consistent with individual rights. 3) distribution in a fair manner of benefits and burdens. This approach is most useful in situations when internal organizational factors are the primary basis for decisions. 2) end point ethics that focus on the greatest good for all parties.Moral Standard The use of the moral standards approach takes the three stakeholder interests into account in making decisions. The moral standards approach is most effective in situations in which the evaluator needs a broad analysis of the net benefit of a set of choices instead of a measure of their profitability. These points are: 1) ground rule ethics intended to highlight rules and values of the person or organization. The interests of the stakeholder are basically: 1) Net social benefits are maximized.

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