contemporary issues in business ethics.
Sample Solution
Prompt 1: Wall Street Journal Article Summary and Reflection
Disclaimer: As an AI language model, I cannot access real-time information like the Wall Street Journal. However, I can provide you with a hypothetical example based on common topics in the global marketplace.
Hypothetical Article: "Supply Chain Disruptions Threaten Global Economic Recovery"
Summary: This article might discuss the ongoing challenges faced by global supply chains due to factors such as the COVID-19 pandemic, geopolitical tensions, and natural disasters. It could highlight the impact of these disruptions on industries like manufacturing, technology, and retail, as well as the broader implications for global economic growth.
Full Answer Section
Reflection: The article's focus on supply chain disruptions is particularly relevant given the recent challenges faced by the global economy. It's a reminder of how interconnected our world is and how vulnerable businesses and consumers are to disruptions in the flow of goods and services. Addressing these challenges will require collaboration, innovation, and resilience from businesses, governments, and international organizations.
Prompt 2: Contemporary Issues in Business Ethics
1. Corporate Social Responsibility (CSR):
- Issue: The growing expectation that businesses should not only focus on profits but also consider their impact on society and the environment.
- Example: Companies like Patagonia and Ben & Jerry's have gained recognition for their commitment to social and environmental causes, such as sustainability and fair labor practices.
- Reaction: I believe that CSR is essential for building a sustainable and equitable future. By prioritizing social and environmental responsibility, businesses can not only improve their reputation but also contribute to positive change in their communities and the world.
2. Ethical Dilemmas in Technology:
- Issue: The rapid advancement of technology has raised ethical questions about issues such as data privacy, surveillance, and the impact of automation on jobs.
- Example: The Cambridge Analytica scandal highlighted the potential for misuse of personal data by technology companies.
- Reaction: Addressing ethical dilemmas in technology requires a balance between innovation and responsible practices. Companies must prioritize data privacy, transparency, and accountability in their use of technology.