On Ethics and Law - The basis of our way rests upon an understanding of ethics as well as law and their impact on business and society. We distinct ethics as the ideas by which society lives and law as the machinery for enforcing as well as advancing those ideas. No doubt modern management should understand the diverse environment of government, business and society.

a. With the stakeholder relationship model as your guide offers an authentic scenario that identifies the pluralistic characteristics of a business as well as its interaction with government as well as that dynamic relationships impact on society.

i) For instance consider the recent BP oil spill crisis - from the perspective of the executive management team what ethical issues are paramount to help BP manage the various stakeholders dependent upon its success while as well under intense scrutiny as well as pressure from the government to clean up the mess?

b. What method would you recommend as the best way to serve the stakeholder environment multi-fiduciary, strategic, synthesis? Why?