Case 5, CRITICAL REVIEW OF APPLIED ETHICAL CONCEPTS

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Case 5, CRITICAL REVIEW OF APPLIED ETHICAL CONCEPTS

Category: Descriptive Essay

Subcategory: Ethics

Level: College

Pages: 2

Words: 550

Critical Review of Applied Ethical Concepts
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Date
Introduction
There are four types of stakeholder managers: resourceful, show stopper, a key player, and Marginal. The resourceful has help potential and thus controls resources that the project can take its advantage. The show stopper has low help potential and high harm potential and thus ability to stop or hinder the project, but no resources for the project. The key player has both help and harms potential and is accordingly essential to the project both in terms of relevant resources and ability to harm the project. Finally, stakeholders with moderate support and low damage potential are not significant for the project ad have therefore been labeled marginal.
A management stakeholder who has small harm potential at the beginning of the project may well gain in damage potential once the project has started because the interdependency between the project and the stakeholder typically will grow. Replacing such a stakeholder will involve higher costs and more effort. The same dynamic is often seen as the help potential. As project specific knowledge grows, the help potential of a given stakeholder becomes higher than at the outset of the project.
Moreover, ethics is standards of behavior that direct how people should act. Ethics involves moral decisions and choosing between right and wrong. They lead to appropriate decisions when applied to problem-solving situations and not the…

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