Understanding this specific ethical dilemma took more of an open minded approach. At first glance it can be approached without delving too much into its details. As the pieces start assembling and connecting and some thought put into it, it is a double edge sword of remarkable ethical proportions. Being the CEO of Eastlane, Inc. or any other institution, is a responsibility that only a select few can handle. Given that legal and ethical ramifications of choices made, will undoubtedly change the life of not just a few people, but a plethora of them.
The dilemma and its facts are as follows. The CEO’s responsibility lies with the wellbeing and face of the company, protecting its interests over all things. Tasked with enforcing policy and procedure, …show more content…
I would, as the CEO, abstract from placing any such lawsuit, because from my point of view, it will affect the stakeholders more than it will benefit them. Stakeholders, as defined by the Business Dictionary, are all the persons, groups or organizations that has interest or concern in an organization, and therefore, that can affect or be affected by such organization. Placing lawsuit vs HSU, the teachers and students, all of them stakeholders of Eastlane Inc. says we are ruthless and care little for the students in need, who cannot afford the $210 mark on our text, the same students who are the vein of our institution’s income. These actions would make the company lose face, and labeled nothing short of cruel and opportunistic. In turn would slowly but surely lose good …show more content…
Alternate course of action includes the following ripple effects. Placing a lawsuit against HSU only will result in a loophole as it was not HSU but three teachers responsible for the act. Lawsuit vs the teachers however ethically correct it would appear at first glance would not be as ethical considering their intentions were to help students that were less fortunate and did not have the means to procure the text at $210 mark. Lawsuit on students would deter even further the face of the company as the students only sought this route due to necessity. Not to mention policy only states reselling of used texts, the students in their desperation of need only bought what was offered, making them innocent in a moral stand
The dilemma and its facts are as follows. The CEO’s responsibility lies with the wellbeing and face of the company, protecting its interests over all things. Tasked with enforcing policy and procedure, …show more content…
I would, as the CEO, abstract from placing any such lawsuit, because from my point of view, it will affect the stakeholders more than it will benefit them. Stakeholders, as defined by the Business Dictionary, are all the persons, groups or organizations that has interest or concern in an organization, and therefore, that can affect or be affected by such organization. Placing lawsuit vs HSU, the teachers and students, all of them stakeholders of Eastlane Inc. says we are ruthless and care little for the students in need, who cannot afford the $210 mark on our text, the same students who are the vein of our institution’s income. These actions would make the company lose face, and labeled nothing short of cruel and opportunistic. In turn would slowly but surely lose good …show more content…
Alternate course of action includes the following ripple effects. Placing a lawsuit against HSU only will result in a loophole as it was not HSU but three teachers responsible for the act. Lawsuit vs the teachers however ethically correct it would appear at first glance would not be as ethical considering their intentions were to help students that were less fortunate and did not have the means to procure the text at $210 mark. Lawsuit on students would deter even further the face of the company as the students only sought this route due to necessity. Not to mention policy only states reselling of used texts, the students in their desperation of need only bought what was offered, making them innocent in a moral stand