Review these links and answer the questions below: http://www.reuters.com/article/2011/02/17/us-ecuador-chevron-sting-idUSTRE71G7DF20110217 http://www.bbc.com/news/world-latin-america-12725490 http://www.npr.org/templates/story/story.php?storyId=127410188 http://www.npr.org/templates/story/story.php?storyId=103233560 http://www.npr.org/templates/story/story.php?storyId=94751411 http://www.npr.org/2011/02/15/133768993/Ecuador-Court-Fines-Chevron-In-Environmental-Case http://www.nytimes.com/gwire/2011/03/10/10greenwire-ecuadors-us-ambassador-speaks-out-on-chevron-c-86771.html Recognize an
Question:
Review these links and answer the questions below:
http://www.reuters.com/article/2011/02/17/us-ecuador-chevron-sting-idUSTRE71G7DF20110217
http://www.bbc.com/news/world-latin-america-12725490
http://www.npr.org/templates/story/story.php?storyId=127410188
http://www.npr.org/templates/story/story.php?storyId=103233560
http://www.npr.org/templates/story/story.php?storyId=94751411
http://www.npr.org/2011/02/15/133768993/Ecuador-Court-Fines-Chevron-In-Environmental-Case
http://www.nytimes.com/gwire/2011/03/10/10greenwire-ecuadors-us-ambassador-speaks-out-on-chevron-c-86771.html
Recognize an Ethical Issue
1. Could this decision or situation be damaging to someone or to some group? Does this decision involve a choice between a good and bad alternative, or perhaps between two "goods" or between two "bads"?
2. Is this issue about more than what is legal or what is most efficient? If so, how?
Get the Facts
1. What are the relevant facts of the case? What facts are not known? Can I learn more about the situation? Do I know enough to make a decision?
2. What individuals and groups have an important stake in the outcome? Are some concerns more important? Why?
3. Have all the relevant persons and groups been consulted?
4. Have I identified at least two creative options?
Evaluate Alternative Actions
6. Evaluate the two options by answering the following questions:
• Which option will produce the most good and do the least harm? (The Utilitarian Approach)
• Which option best respects the rights of all who have a stake? (The Rights Approach)
• Which option treats people equally or proportionately? (The Justice Approach)
• Which option best serves the community as a whole, not just some members?
(The Common Good Approach)
• Which option leads me to act as the sort of person I want to be? (The Virtue Approach)
Make a Decision and Test It
7. Considering all these approaches, which option best addresses the situation?
8. If I told someone I respect-or told a television audience-which option I have chosen, what would they say?
Act and Reflect on the Outcome
9. How can my decision be implemented with the greatest care and attention to the concerns of all stakeholders?
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter