I got 95% on the appendix B matrix about consequentialism, deontology, and virtue ethics. But do not understand this assignment about stakeholder impact analysis. Can someone please get me started?
Describe, in 200 to 300 words, how you might conduct a stakeholder impact analysis of Scenario 1 of Appendix B using each of the stakeholder impact analysis approaches: moral standards, five-question, and Pastin’s approach.
This is the scenario-
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?
Student responses must correctly describe how to conduct a stakeholder impact analysis using each of the three approaches described in Ch. 5: moral standards, 5-question, and Pastin’s approach.
Responses should address the following key points in the context of the scenario:
Descriptions of the three standards that comprise the moral standards approach: utilitarian, individual rights, and justice
Identification of the questions used in the 5-question approach:
1. Is the decision profitable? 2. Is the decision legal? 3.Is the decision fair? 4. Is the decision right? 5. Does the decision further sustainable development?
Descriptions of the four key aspects of Pastin’s approach:
1. Ground rule ethics 2. End-point ethics 3. Rule ethics 4. Social contract ethics
Please, please, please help me
To conduct a stakeholder impact analysis of Scenario 1 using the three approaches: moral standards, five-question, and Pastin's approach, you can follow these steps:
1. Moral Standards Approach:
The moral standards approach involves evaluating the ethical implications of the decision based on three standards: utilitarian, individual rights, and justice.
- Utilitarian Standard: Consider the consequences of the decision. Assess whether the benefits of the mall and resort (economic prosperity, jobs, tourism revenue) outweigh the negative impact on the elderly citizens (loss of nursing home and recreation center).
- Individual Rights Standard: Consider the rights of the stakeholders involved. Evaluate whether the decision respects the rights of the elderly citizens as well as the developer's rights to pursue economic opportunities.
- Justice Standard: Examine the fairness of the decision. Analyze whether the distribution of benefits and burdens is equitable, and if the mayor should prioritize economic prosperity or the well-being of the elderly citizens.
2. Five-Question Approach:
The five-question approach involves asking specific questions to assess the impact on stakeholders.
- Is the decision profitable? Evaluate the economic gains and losses of the decision for various stakeholders, such as the developer, the town, and the elderly citizens.
- Is the decision legal? Consider the legality of the decision, ensuring it complies with relevant laws and regulations.
- Is the decision fair? Assess the fairness of the decision-making process and its outcomes regarding the distribution of benefits and burdens.
- Is the decision right? Evaluate the ethical correctness of the decision, considering moral principles and values.
- Does the decision further sustainable development? Determine if the decision aligns with sustainable practices, taking into account environmental, social, and economic aspects.
3. Pastin's Approach:
Pastin's approach consists of four key aspects to evaluate stakeholder impact.
- Ground Rule Ethics: Examine the existing values, norms, and organizational policies to evaluate the decision's alignment with established ethical standards.
- End-point Ethics: Identify the ultimate objective of the decision and evaluate whether it helps achieve ethical goals, such as promoting the well-being of stakeholders.
- Rule Ethics: Evaluate the decision against established rules or principles, such as fairness, honesty, or respect for rights, to determine its ethical acceptability.
- Social Contract Ethics: Analyze the decision in light of the social contracts or agreements between stakeholders, assessing whether it maintains trust and fulfills expectations.
By following these steps and considering the various dimensions of each approach, you can conduct a thorough stakeholder impact analysis for Scenario 1. Remember to provide detailed explanations and justification for each approach's evaluation.