Pick a product, a service, or an industry that you find interesting and is important.

Pick a product, a service, or an industry that you find interesting and is important. Provide background

 

information about your product or industry, including identification of: materials and labor sourcing,

manufacturing locations, final consumers or users of the product, size of the market, extent of

globalized production, and environmental impacts. Identify the key stakeholders. Remember that

stakeholders are not the same as stockholders – stockholders are the owners of the company and are

one stakeholder group. If you are not clear about who might be a stakeholder, take a look at Caux

Round Table Principles at https://www.cauxroundtable.org/principles/ for identification of Key

Stakeholders.Use the principles of Catholic social teaching (CST) and the theories of justice discussed in the book to

identify three principles of CST that are relevant to your product or industry. Explain each of the three

principles of CST and why they are important and relevant in this industry setting. Identify and explain

key concerns, challenges, and/or ethical dilemmas that are important in this industry at this time.

Provide enough information so that the reader can understand what is happening in the industry.

Evaluate and provide a well-reasoned opinion as to whether the company (or companies) in this

industry are behaving ethically with respect to each of the three principles of CST that you have

identified as important. You should incorporate theories of justice in your analysis. To provide a more

focused analysis, you can evaluate one of the important companies in this industry, rather than the

entire industry. For example, you can identify three issues that the shoe industry faces and then

evaluate the way that Timberland is addressing these issues.

 

part 2 – Proposed Solutions

 

In this part of the project, you will develop a recommendation to address one of the ethical challenges

faced by this company or industry out of the three identified in part 1.

You will be using a critical thinking approach to develop and present your recommendation. This

approach consists of three parts: (a) explanation of the problem, (b) identification and analysis of

options, and (c) your recommendation. Your paper should clearly reflect this approach. Please use

headings to identify each of the three parts as you write. The grading rubric will help you to understand

the expectations for each of the three parts.

Select one of the three principles of CST that you identified in the first part of your project for your work

in this part. Again, you can provide analysis and recommendations for either the industry as a whole or

for a leading company in the industry. Explain the problem or dilemma that you are evaluating. Again,

select only one of the three principles of CST that you identified in part 1 of this project. This is the first

part of the critical thinking approach.

For the second part of your analysis, identify possible options to address the problem that you identified

above. There are always multiple ways to address a problem, and there are pros and cons for these

options. For each option, explain how the option would help to address the problem at hand and discuss

the pros and cons. For example, if a company wants to reduce its environmental footprint, it could

install solar panels at its locations. While this would reduce the company’s emissions (a pro or a benefit),

it might be expensive and might not provide sufficient electricity (a con or negative). Be specific and try

to obtain data and/or costs as much as possible. Follow this approach for each of the potential solutions

that you are identifying as reasonable solutions for the problem at hand.

The third part of the critical thinking approach is to make a recommendation. You will be recommending

one solution in your conclusion. Explain your proposed solution and support your recommendation by

explaining and showing why it is the best approach. It is critical to provide support for your

recommendation so that the reader can understand your thought process.

It is important for everyone in business to be able to contribute to decisions and to the success of the

organization or group of which you are a member. A common concern of employers is that prospective

employees do not always think critically or logically when they evaluate a problem and communicate. the book is calledgood “business catholic social teaching at work in the marketplace”