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March 30, 2017

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Can someone please help me with this because I am lost.
In what circumstances would each approach to stakeholder impact analysis (moral standards, 5-question, and Pastin’s approach) be most useful? Generalize about the approaches and describe when each would be most or least useful.

  • Accounting - ,

    Five Question

    Evaluate each alternative on:
    Profitability (shareholders)
    Legality (society at large)
    Fairness
    Impact on the rights of stakeholders
    Impact on sustainable development (environment)


    Moral Standards Approach (Velasquez)
    Is the decision:
    Of net benefit to society
    Fair to all stakeholders (fair distribution of benefits and burdens)
    Consistent with each person’s rights




    Pastin’s approach (Pastin)
    Ground rule ethics (organization/individual rules and values)
    End-point ethics (greatest net good for all concerned)
    Rule ethics (determine ethical boundaries to take into account – impingement of rights)
    Social contract ethics (how to move boundaries)



    Source:
    CSun

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