ethical-implications

Vocabulary Word

Definition

'Ethical implications' refers to the potential impact of an action or decision on society in terms of morality or ethics. It's about judging if the results or consequences of a decision are good or bad.

Examples in Different Contexts

In globalization, 'ethical implications' involve considering the effects of business operations on local cultures and economies. A CEO might reflect, 'Our international expansion has significant ethical implications for local communities we enter.'

Practice Scenarios

Business

Scenario:

We need to weigh the pros and cons before outsourcing production. There could be unforeseen ripple effects beyond cost savings.

Response:

I agree, considering the ethical implications, it might be better to source locally and ensure fair labor practices.

Impact

Scenario:

Initiating our new rural development project requires sacrificing some agricultural land. It's crucial we communicate this to farmers and ensure fair compensation.

Response:

The ethical implications are considerable. It would be best to consult with the community about these changes to ensure transparency and fairness.