Ethical Dilemma: Suppose you are president of West Turner Bank (WTB). WTB made loans for major construction
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Suppose you are president of West Turner Bank (WTB). WTB made loans for major construction projects in countries in Eastern Europe and North Africa. However, WTB's fortunes declined in recent years and the bank now faces financial ruin. WTB senior management decided to call in loans made to these countries, to strengthen the bank's deteriorating finances. That is, management decided to force borrowers in the construction projects to repay their loansimmediately. You know that calling the loans will cause thousands of workers in the affected countries to lose their jobs. What should you do? Use the Ethical Framework in Chapter 4 to analyze this situation. Can you find any "creative" solutions to the dilemma?
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1 Identify the problem Man agers must learn to recognize and manage ethical problems proactively anticipate confront and scan for ethical challenges This Dilemma In the wake of the recent global finan...View the full answer
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Related Book For 
International Business The New Realities
ISBN: 978-0134324838
4th edition
Authors: Tamer Cavusgil, Gary Knight, John Riesenberger
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