SIMAC $($Stakeholders$,$ Issues, Models, Application, Conclusion$)$

$1.$ Summarize the Facts and Identify the Ethical Question$($s$)$; Application$$ Human

Rights;

Step $1$: Identify the Ethical Question$($s$)[$the ethical q that comes up in the course of a

business decision$($s$)-$ can be expressed in more than one q$]$

Step $2$: Perform SIMAC analysis:

STAKEHOLDERS $($actual and potential$)$: What is the effect of the decision$/$ethical

question on each group, how was$/$will each group be effected?

A$.$ SHAREHOLDERS$/$INVESTORS

B$.$ EMPLOYEES

C$.$ CUSTOMERS

D$.$ MANAGEMENT

E$.$ SUPPLIERS

F$.$ COMMUNITY $($local$/$regional$/$national$/$international$)$

ISSUES $[$or$,$ FACTORS $-$ what facts$/$questions$/$policies were or will be considered in

making the business decision and the ethical problem$]$

A$.$ INDIVIDUAL FACTORS $[$look at the specific individuals or groups in the case study$]$

B$.$ CORPORATE FACTORS $[$e$.$g$.$ corp. culture, adopted business policies and practices

$$ ethical, employee training$/$mentoring$,$ whistleblower protections, audit$/$financial

controls, social responsibility etc., prior$/$historical business decisions$]$

C$.$ SYSTEMIC FACTORS $[$these are outside things that may impact business ethical

decision e$.$g$.$ economic institutions; regulators; NGOs e$.$g$.$ environmental, $$Me Too$$;

other countries; trade policies$/$treaties$,$ agreements; political structures; governmental

bodies; laws$/$legal institutions; media; other$]$

MODELS $[$approaches to applying ethics to a business decision$]$

A$.$ UTILITARIANISM $$ The most good$/$benefit for the most amount of stakeholders.

B$.$ HUMAN RIGHTS $$ see UN Decl. for Human Rights $$ basic rights of all people to

live, be free, work, have a home, be happy, healthy.

APPLICATION

A$.$ Analyze the ethical question using utilitarianism

B$.$ Analyze the ethical question using human rights $[$see$,$ U$.$N Declaration of Human

Rights$]$

CONCLUSION

Make a well$-$informed business decision: do you agree or disagree with how the ethical

question$($s$)$ was handled in the case study, explain why. If you would have handled the

decision differently, explain how and why.