After reading lesson one “The Role of Stakeholder Interest”, determine the stakeholders in the Ashley Madison ethical dilemma and answer the following question – Is it acceptable for an organization to promote a socially irresponsible but legal product? Approach this question from a stakeholder’s perspective i.e. decide which stakeholder (voice) you are representing.
reply whether you agree or not
I have studied in lesson 1 the role of stakeholder’s interest in the organization. The main focus is on attracting consumers by making efforts to bring a difference in the purchases. The part of ethics and social responsibility in business has always been a topic of debate among many business people and scholars. For an organization to be considered socially responsible, it must act in the best interest of its environment and society equally as a whole. An organization’s first responsibility is to provide a job to employees. Beyond this role, employers must provide a clean, safe working environment absent from any forms of discrimination. The primary stakeholders in a corporation are its employees, investors, customers, and the general public. There are several legal, ethical, and discretionary duties that managers must be aware of while making decisions. (Ghillyer, 2018)
People in the business world and academics have debated the importance of ethics and social responsibility in the workplace for a very long time. An organization must operate in the best interests of its surroundings and society as a whole to be deemed socially responsible. Employers are an organization’s main priority. Additionally, businesses are required to offer a clean and safe working environment free from all types of discrimination. Customers, investors, and the general public are the major stakeholders in a business. (Fernández-Guadaño & Sarria-Pedroza, 2018)
An organization’s socially responsible actions are viewed from a stakeholder’s viewpoint, which means that all groups or constituents (rather than simply shareholders) are included in management decision-making. CSR collaborations are favorable when they serve stakeholders’ interests, but they may have little or no impact or even be harmful to the business if they don’t. Because of the wheel and spoke network metaphor, the stakeholder view fails to recognize the complexity of cross-sector interactions in partnerships. Like the exchange viewpoint, it likewise reduces communication to an administrative function. (Fernández-Guadaño & Sarria-Pedroza, 2018)
From a stakeholder perspective, it is acceptable to market socially irresponsible yet lawful products to stakeholders. So, Yes, it is acceptable, and nothing wrong with offering a legal service that many people want. Socially irresponsible services are incorrect from the standpoint of the stakeholders. Caring for stakeholders’ well-being can lead to higher profits. However, certain goods are deemed to be detrimental to some members of society despite their legality. Examples of products that meet this description are alcohol, gambling, and tobacco. (Pasricha et al., 2017)
The present scenario is on the topic which discusses the concepts of stakeholders in the business environment. As an instance to work on this, knowing the prior view on the mentioned business analysis was necessary. Moreover, the objective view of the stakeholder’s interests is learned as part of it. The stakeholders in the Ashley Madison ethical dilemma are the company’s shareholders, employees, the customers who are on the dating site, and the general community. Everyone who is about the work preferences of the company is the stakeholder in the ethical dilemmas faced (Marx, & Els, 2014). At the same time, the ethical dilemma here is whether it was the right action to hack the impact team.
From my knowledge of the concepts and the practical view of ethical dilemmas, it is to be said it is not ethical for any of the business organizations to promote the product that is socially irresponsible in the current working environment. Even though there are legal rights for the product to be produced, promoted, and used, it is the essential quality of an element defined in any business ethics that would instantly make people aware of the requirements. Promoting or working based on functional stakeholders where the product’s originality needs to be utilized by the business but should never be the irresponsible one. Here, socially responsible indicates that the product seems helpful for the people and would bring some difference with its utilization aspects (Zhong, Wang, & Yang, 2017). If there is no such impact, what would be the actual use of promoting or producing the product. Hence, based on the functional approach of stakeholders’ interests, I would likely make this version to help be helpful towards the ethical perceptions of the business environment. Here the business environment includes every person who deals with the production or the utilization phases of the products in the overall world.