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. The assignment is a two-page assignment, font 12, single space. 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 cybersecurity, 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 damage.

Scenario #4

Kay Smith is one of your top-performing subordinates. She has shared with you the desire to apply for promotion to a new position just announced in a different division of the company. This will be tough on you since recent budget cuts mean you'll be unable to replace anyone who leaves, at least for quite some time. Kay knows this, and in all fairness, has asked your permission before she applies. It is rumored that the son of a good friend of your boss is going to apply for the job. Although his credentials are less impressive than Kay's, the likelihood is that he will get the job if she does not apply. What will you do?