Identify the Stakeholders “Stakeholders are person, group or organization that has interest or concern in an organization.

You were recently appointed to the assistant general manager position by the
general manager of a chain hotel operation. One of your responsibility is to
reviews the report from the internal audit function that ensures the company’s
internal controls and risk management policies are functioning properly.
According to the report, there were discrepancies in the internal controls that are
not in conformance with the organizational policy and applicable law. You
suspects that the general manager is embezzling $30,000 per quarter. What
should you do about this discrepancy?

MUST be typed (Font size 12 and 1 inch margins
Maximum length of report two (2) pages. Any submission beyond two (2) pages will ONLY be
assess up to the two pages’ limit.
Information to assist with ethical decision making:
State what exactly the ethical issue/ dilemma is
Identify the Stakeholders “Stakeholders are person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization’s actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources”. The above are examples of stakeholders and it is your responsibility to determine who those stakeholders (internal and external) are relating to the Ethical Dilemma Case above.
Consequences can be (a) economic (b) legal or © ethical in nature The economic factor states that the decision being made should maximize the economic benefits to the decision maker. Based on most economic theory, every rational person faced with a decision will choose the course of action that maximizes his or her own welfare, without regard to how that decision impacts others. In summary, the combined outcome of each person acting in his or her own self-interest will maximize the benefits to society as a whole.
b. The legal factor is based on the proposition that free societies are governed by laws. Laws are written to provide clarity and to prevent abuse of the rights of individuals or society Democratically enacted laws both contain and express society’s collective moral standards. Legal analysis involves applying the relevant laws to each decision, and then choosing the action that complies with those laws. A complicating factor for a global business may be that what is legal in one country might not be legal in another. In that case, it is usually best to abide by the laws of the most restrictive country.
c. The ethical factor recognizes that while certain actions might be both economically profitable and legal, they may still not be right. Therefore, most companies, and many individuals, have established standards for themselves to enforce a higher level of conduct than that imposed by law. These standards govern how we treat others and the way we restrain our selfish desires. This behavior and its underlying beliefs are the essence of ethics. Ethics are shaped by our cultural, socioeconomic, and religious backgrounds.
An ethical analysis is needed to guide judgment for making decisions
i. Analysis of consequences presents an insightful and thorough analysis of all consequences.
ii. Alternatives makes appropriate and powerful connections between the stakeholders and
consequences. Analyze the impact of the decision on all stakeholders, using economic,
legal, and ethical criteria. Ask “Who will be helped or hurt, whose rights will be exercised or
denied, and in what way?” Be as thorough about this analysis as possible.
The above are explanations for what constitute “consequences”. Therefore, do NOT
reproduce these explanations in your evaluation of what these “consequences” are. However,
you should state clearly and precisely what those “consequences” are in relationship to the
Ethical Dilemma Case above that you are evaluating. For example, do NOT reproduce the
explanations above for economic, legal, and ethical factors. However, you should state what
those factors are in relationship to the Ethical Dilemma Case above in your evaluations.
4. Defend the decision made using reasoned judgment that takes into account all relevant perspectives (economic, legal, and ethical) in the decision making process.

Information MUST be in the Formal Business Letter Format
Must state Your address
Date
Address of Recipient
First Paragraph: Introduction (maximum of two sentences for this paragraph)
State your purpose or objective (first sentence)
Transition sentence (second sentence on how the letter will proceed)
Second Paragraph: What is the ethical issue? (maximum two sentences for this paragraph)
State the ethical issue(s) (first sentence)
Transition sentence (second sentence: explaining very briefly what to expect next)
Third Paragraph: stakeholders (maximum two sentences for this paragraph)
The stakeholders (MUST be divided into two major groups: internal and external stakeholders?
First sentence explains who the internal stakeholders are.
Second sentence explains who the external stakeholders are.
Fourth Paragraph: (two or maximum four short sentences for this paragraph)
Analyze the alternatives from the following perspectives (a) economic
(1) Internal Stakeholder (one sentence or two sentences addressing economic consequences)
(2) External Stakeholder (second sentence or two sentences addressing economic consequences)
Fifth Paragraph: (two or maximum four short sentences for this paragraph)
Analyze the alternatives from the following perspectives (b) legal
(1) Internal Stakeholder (one sentence or two sentences addressing legal consequences)
(2) External Stakeholder (one sentence or two sentences addressing legal consequences)
Sixth Paragraph: (two or maximum four short sentences for this paragraph)
Analyze the alternatives from the following perspectives (c) ethical
(1)Internal Stakeholder (one sentence or two sentences addressing ethical consequences)
(2) External Stakeholder (one sentence or two sentences addressing ethical consequences)
Seventh Paragraph: (Conclusion) (Maximum six (6) short sentences for this paragraph)
(In this paragraph you are to “Defend the decision made” (see number 4 page 2) using reasoned judgment
that takes into account all relevant perspectives (economic, legal, and ethical) in the decision making process.
What would you do? How would you justify your decision? How would your decision make you feel
afterward?
Complimentary closing Paragraph
Complimentary closing
Signature above name
Name typed immediately below signature
Title immediately below name

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