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Create a WH Framework chart, similar to Exhibit 2.2. Refer to L'Oreal's core values and the primary values in Exhibit 2.3 to determine the guidelines

Create a WH Framework chart, similar to Exhibit 2.2. Refer to L'Oreal's core values and the primary values in Exhibit 2.3 to determine the guidelines to include in the WH Framework.

Write an explanation of how you decided on the list of stakeholders and guidelines to include in your WH Framework. Address the following questions in your explanation:

  • Which stakeholders did Traszka and the management of L'Oreal cater to? Why?
  • What values did L'Oreal's management choose when they made the decision to fire Trzaska? Why?

Self-Reflection

In addition to your explanation, address the following self-reflection questions:

  • How did the WH Framework help you analyze the situation?
  • Now that you've put together the framework, how does the WH Framework help managers with making business decisions?
  • What type of decisions would the WH Framework chart help you make as a manager?

Exhibit 2-2 The WH Process of Ethical Decision Making

WWHO (Stakeholders): Consumers Owners or investors Management Employees Community Future generations

HHOW (Guidelines): Public disclosure Universalization Golden Rule

Exhibit 2-3 Primary Values and Business Ethics

VALUE ALTERNATIVE MEANINGS
Freedom

To act without restriction from rules imposed by others

To possess the capacity or resources to act as one wishes

To escape the cares and demands of this world entirely

Security

To possess a large-enough supply of goods and services to meet basic needs

To be safe from those wishing to interfere with your property rights

To achieve the psychological condition of self-confidence to such an extent that risks are welcome

Justice

To receive the products of your labor

To treat all humans identically, regardless of race, class, gender, age, and sexual preference

To provide resources in proportion to need

To possess anything that someone else is willing to grant you

Efficiency

To maximize the amount of wealth in society

To get the most from a particular output

To minimize costs

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