What factors would you consider in making your decision

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Question: Imagine you are a senior executive in a large multinational corporation. The company is facing a significant financial crisis, and you are aware of an opportunity to cut costs and increase profits by outsourcing production to a developing country where labor is cheaper, but the working conditions are substandard and do not meet the ethical standards expected in your home country. On the other hand, you have an alternative option to keep production in your home country, but it would require layoffs and downsizing, impacting the lives of hundreds of employees and their families.

As a business leader, how would you approach this ethical dilemma? What factors would you consider in making your decision? What potential consequences, both positive and negative, could arise from each option

Reference no: EM133673355

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