February 22, 2017

Homework Help: Accounting PLEASE LOOK THIS OVER!

Posted by AW on Friday, April 24, 2009 at 2:52pm.

Describe how you might conduct a stakeholder impact analysis of Scenario 1 of
using each of the stakeholder impact analysis approaches: moral standards,
5-question and Pastin’s approach.

Note: You are not required to analyze the impact on each stakeholder.

Post your description in 200 to 300 words.

Scenario 1
The mayor of a small seaside town faces a tough decision. A prominent developer has submitted a proposal to build a large mall and resort in the town. This development is estimated to bring $150 million in tourism each year and several hundred new jobs to the community, which badly needs the economic boost. The proposed location of the new development, however, is a site that now houses the only nursing home and senior citizens’ recreation center in the area. Both the nursing home and recreation center would have to be demolished, affecting 100 seniors and 30 employees. There is no other location in town where the new development can be built. How should the mayor decide: in favor of economic prosperity or in defense of his elderly citizens?

The moral standards approach is the approach that focuses on three dimensions of the impact of the proposed action: (1) whether it provides a net benefit to society; (2) whether it is fair to all stakeholders; and (3) whether it is right. The moral standards approach was developed by Professor Manuel Velasquez in 1992. Although some overlap some of the first approach, the focus is less company centred, and is better suited for the evaluation of the decisions where stakeholders are the ones who are impacted, outside the company is most likely to be severe. And the long-term impact is most likely incorporated.
How might I conduct a stakeholder impact analysis be done using the moral standards approach? I might conduct a stakeholder impact analysis by seeing if the well-offness is correct for the benefits than the cost of the decision. By checking if the fairness of the distributions of benefits and burdens are equal. And make sure that the stakeholders and the decision maker’s rights are not offended.
The 5-question approach is an analytical approach that involves challenging any of the proposed policies by asking these five questions: is the decision fair? Is the decision right? Is the decision legal? Is the decision profitable? And is the decision sustainable? It does not matter how they are asked, but the first four questions must be asked to make sure that the person who is deciding does not miss an important impacted area.
How might I conduct a stakeholder impact analysis of this scenario using the 5-question approach? I might start by asking if the decision is profitable to the shareholders. The decision fair to all involved? Is the decision legal to the society at large? Is the decision right to other rights of all involved? And is the decision sustainable to the environmental rights?
And the last approach, the Pastin’s approach which is the 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). And social contract ethics (how to move boundaries).
How might I conduct a stakeholder impact analysis of this scenario using the Pastin’s approach? I might conduct a stakeholder impact analysis on this scenario by checking for profit or loss only. Or by running a cost-benefit analysis, which is known as CBA. Or by checking for risk-benefit analysis, which is known as RBA. And or by checking the cost-benefit analysis, the risk-benefit analysis, and the rankings of the stakeholders.

How does this sound? Did I describe how I would conduct a stakeholder impact analysis on each one of the approaches?

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions