Question: Evaluate each scenario by considering its potential impact on the organization's values and compliance with ethical standards, alongside an assessment of the scenario's potential to
Evaluate each scenario by considering its potential impact on the organization's values and compliance with ethical standards, alongside an assessment of the scenario's potential to disrupt the company's operational processes and strategic goals to distinguish between ethical issues and risk issues. An ethical issue is a question of honesty and transparency. Governance issues can arise in financial reporting and accounting practices, employee treatments and labor practices, supplier relationships and ethical sourcing, environmental responsibility, data privacy and cyber security, and corporate governance and Board responsibilities. A risk issue is a potential threat that can impact the organization's ability to achieve its strategic goals. Risk issues include technological disruptions, regulatory changes, economic downturns, failure to innovate, talent management challenges, and reputation damages.
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