contemporary issues in business ethics.

Prompt 1: Students must read the Wall Street Journal to increase awareness of the business world. Pick an article that focuses on the Global Marketplace. Briefly summarize and share your reaction/ reflection on your selected article Prompt 2: Discuss two contemporary issues in business ethics. Examine the issue, share an example, and what your reaction is

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.  

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