Sample Assessments

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Ch. 8 of Managing Business Ethics separates stakeholders into four major groups. How do you define stakeholders? Which group’s interest is most important? Why? What ethical responsibility does an organization have to this group?

In reading chapter 8, it did not exactly lay out the four major stakeholders.  I did some external research and came up with the following below:

1. An individual or group with an interest in an organization success

(Example: maybe suppliers)

2. Any organization that has a stake in or may be affected by an organizations decision (example shareholder or owner)

3. A participant in a community mobilization effort, representing a particular segment of society. (Example: customers)

4. Any person that will be affected by an endeavor and can influence it but who are not directly involved with doing the work. (Example: maybe government figures like a Senator or Governor)

I would personally think the shareholders interest would be most important because with them the company could not operate.  Meaning, if they all vacated there shares the company would be very weak and susceptible to takeovers.   The organization has a responsibility to keep the shareholders inform of so that they may have an input in the direction of the company because the shareholders money is on the line.

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