Ethical Decision-Making and Stakeholder Inclusion

The video discusses the link between ethics, racial stereotypes, and discrimination, emphasizing the importance of stakeholder inclusion. It highlights the knowing-doing gap in ethics, where knowledge of right and wrong does not always translate into ethical behavior. The video suggests focusing on bridging this gap to improve ethical management in organizations.

What is a key component of being ethical according to the video?

• Ignoring community impact

• Stakeholder inclusion

• Maximizing profits

• Following personal beliefs

How can racial stereotypes affect stakeholder inclusion?

• They improve communication

• They promote diversity

• They lead to exclusionary behavior

• They have no impact

What does the 'knowing-doing gap' refer to?

• A lack of knowledge

• The space between stakeholders

• A gap in educational resources

• The difference between knowing and acting

Why is misconduct rarely due to a lack of knowledge?

• There is no legislation

• Most people know right from wrong

• Ethical dilemmas are too complex

• People are unaware of laws

What is a common challenge in ethical behavior?

• Too much legislation

• Knowledge not translating into action

• Overemphasis on stakeholder inclusion

• Lack of resources

What is the role of legislation in ethical behavior?

• It complicates ethical decisions

• It supports knowledge with rules

• It is unnecessary

• It is the only factor needed

What is suggested to improve ethics in organizations?

• Focusing on the space between knowledge and action

• Reducing stakeholder involvement

• Adding more knowledge

• Increasing profits

How can organizations help bridge the knowing-doing gap?

• By reducing employee training

• By focusing on better decision-making

• By ignoring ethical dilemmas

• By increasing stakeholder exclusion

What is the primary focus to improve ethical management?

• Maximizing profits

• Increasing stakeholder exclusion

• Enhancing the space between knowledge and action

• Reducing community impact

How does the video suggest addressing stereotypes and discrimination?

• By increasing stereotypes

• By focusing on better choices

• By ignoring them

• By reducing stakeholder inclusion