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Ethical issues in business have become unprecedently complex over the past two(2)-decades. One of the reasons is that businesses feel increasingly compelled to engage in
Ethical issues in business have become unprecedently complex over the past two(2)-decades. One of the reasons is that businesses feel increasingly compelled to engage in socially responsible activities particularly those that benefit external stakeholders."
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You answer should:
- Explain whether you believe ethical issues in business have become increasingly complex over the past 2-decades, and one reason as to why this is/is not the case? (5 points)
- With reference to either: arguments of social contract, less government regulation, or long-run profits, explain why you believe / do not believe that one of the reasons for this is that businesses feel increasingly compelled to engage in socially responsible activities. (5 points)
- Provide an example with reference to a fictitious or non-fictitious business of an ethical issue in that business, and whether that business considered social responsibility in determining an outcome. (5 points)
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