Can someone please help me with this because I am lost.

Question

In what circumstances would each approach to stakeholder impact analysis (moral standards, 5-question, and Pastin’s approach) be most useful? Generalize about the approaches and describe when each would be most or least useful.

Answer 1

Five Question

Evaluate each alternative on:
Profitability (shareholders)
Legality (society at large)
Fairness
Impact on the rights of stakeholders
Impact on sustainable development (environment)

Moral Standards Approach (Velasquez)
Is the decision:
Of net benefit to society
Fair to all stakeholders (fair distribution of benefits and burdens)
Consistent with each person’s rights

Pastin’s approach (Pastin)
Ground rule ethics (organization/individual rules and values)
End-point ethics (greatest net good for all concerned)
Rule ethics (determine ethical boundaries to take into account – impingement of rights)
Social contract ethics (how to move boundaries)

Source:
CSun