Assignment: Ethics and Decision Making
Introduction: Ethics is typically subtly embedded in various business decisions that you may encounter on the job. Being able to make the right decision in line with personal and company ethics is a critical skill and one that can impact the legal liability of a company as well. In this Assignment you will read a scenario and then apply an ethical approach to addressing a business problem.
Scenario: In your small business as a clothing distributor, you often source products from other countries where cotton is produced. Recently, you received an email from an international labor group alleging that some of the local middlemen you use to purchase cotton are unfairly compensating the small cotton growers for their crops. The labor group asks that your company only purchase â€œFairtradeâ€ certified cotton so that you have assurance that the farmers with smaller operations will receive fair market value for their crops.
Members of your management staff are concerned that fairtrade cotton is often more expensive, which could increase your overall production costs. However, you also must take into account your long-standing relationships with the local middlemen in the cotton market as they are often able to access cotton crops that other buyers cannot.
After reviewing the supplemental ethical approaches pdf in the Learning Activities, and learning about Fairtrade cotton by searching on the internet using the search terms â€œfairtrade international cottonâ€, respond to the following questions in an informative essay:
- Choose one philosophical approaches to ethics: Non-consequentialism, Consequentialism, or Virtue Ethics that are presented in the Ethical Approaches pdf in the Learning Activity.
- Of the three ethical theories presented in the Learning Activity, which one would be most likely to guide your decision in this situation? Explain your reasoning.
- Draft your response to the international labor group explaining your decision and supporting reasoning.
Respond in a minimum of a 350-word informative essay in APA format and citation style with a separate title and reference page.