Determine the purpose of the organization

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Reference no: EM133682732

Bernard Madoff - How "One Big Lie" Can Destroy Thousands of Lives using this case answer the following questions please and thank you

1. Determine the purpose of the organization.

2. Establish core values to which the organization is committed.

3. In any given situation, determine the complete list of stakeholders.

4. Rank the duties to stakeholders from highest to lowest.

5. Determine the possible alternative courses of action.

6. Evaluate the consequences of each course of action to each group of stakeholders.

7. Wherever possible choose the course of action that poses no conflict among the duties to the stakeholders.

8. Where there is an ethical dilemma (a conflict of duties to the different stakeholders):

a) Choose a course of action that honors the duty to the highest level of stakeholders first, then the next and so on;

b) Completely avoid any course of action that violates the core values of the organization.

Reference no: EM133682732

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