Question
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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