Question: find similarities and differecnes POST 2| Several key stakeholders are affected, including the managers pressured to compromise their ethics, factory workers tasked with maintaining quality
find similarities and differecnes
POST 2| Several key stakeholders are affected, including the managers pressured to compromise their ethics, factory workers tasked with maintaining quality standards, sales personnel, purchasing agents, customers who rely on safe products, and ultimately, shareholders whose investments depend on the company's reputation and financial performance. Additionally, regulatory bodies and society at large are stakeholders, given the potential public safety impacts of poor quality control (Kimmel et al., 2024). The ethical implications are significant. Managers are asked to violate their personal and professional ethical codes by lowering quality standards and engaging in questionable sales tactics, which may potentially put customers at risk. This pressure can lead to moral distress, declining job satisfaction, and higher turnover. These practices undermine trust in the company, can lead to financial penalties or legal consequences, and cause long-term damage to the brand reputation (Ferrell et al., 2022). Conflicts arise between pursuing short-term corporate profit objectives and upholding ethical standards that protect customers and the wider community. To reduce pressure and address these ethical conflicts, the company should reassess its incentive and performance measurement systems. Instead of focusing only on profit metrics, the company can incorporate non-financial indicators, such as product quality, customer satisfaction, and ethical compliance, into performance evaluations (Kimmel et al., 2024). Offering ethics training, creating confidential reporting channels for unethical conduct, and clarifying a strong ethical code of conduct can reinforce expectations and support ethical decision-making (Schwartz, 2022). Leadership should also promote a culture that values ethics as much as profitability, openly endorsing employees who follow ethical standards even when under pressure. Ultimately, aligning organizational goals with ethical standards benefits both the company and its stakeholders. A well-balanced approach helps prevent harm, build loyalty, and support sustainable business success. iH Kimmel, P. D., Weygandt, J. J.,Step by Step Solution
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