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Societal Impact and Ethics (
Assessment Assignment)
Students evaluate the consequences of business or economic decisions on personal and social welfare
Think about a recent decision made by a business or organization you have observed. Reflect on the following questions:
1.
Describe the Decision:
What was the decision, and what were its primary goals? (e.g., reducing costs, launching a new product, expanding services).
1.
Impact on Personal Welfare:
How did this decision affect individuals, such as employees, customers, or others directly involved? Consider aspects like job satisfaction, health, income, or quality of life.
1.
Impact on Social Welfare:
What were the broader consequences of this decision for the community or society? Did it address or exacerbate issues like equity, environmental sustainability, or access to resources?
1.
Ethical Considerations:
Were there any ethical dilemmas or trade-offs associated with the decision? How were these handled, and do you think they were resolved responsibly?
1.
Your Perspective:
Based on your understanding, was this decision a positive or negative contributor to personal and social welfare? What alternative approaches might have been considered to enhance its benefits or mitigate its drawbacks?
1.
Connect to Your Learning:
How does evaluating the impact of this decision help you understand the role of ethics and social responsibility in business?
Conclude your entry by considering how you, as a future business leader, might incorporate these reflections into your decision-making.
