You are required to research the topic outlined above and fashion your responses to questions below by drawing from what we have learned in the subject. In particular, you must interpret the actions of various stake holders from the prism of the various theories of ethics and morality discussed in the unit. You are encouraged to follow the progress of this ongoing debate as it unfolds in the media. Your responses must be to the questions listed below and will reflect your opinion and understanding of the issues involved shaped through research, analysis and debate. Key Tasks / Questions: Part A: 1. Problem Identification and Situational Analysis – (7 Marks) 2. Why are companies such as Coles and Woolworths so concerned about being seen to do the right thing? Is it due to an inherent corporate morality or self interest? Discuss the above in the context of: • The importance of protecting “brand value” in a society where social media is increasingly powerful. • Milton Friedman’s doctrine on the goal of a firm • The “Narrow View” and the “Broad View” of Corporate Social Responsibility and the role of the media (and increasingly social media) in ensuring companies behave responsibly. (7 Marks) 3. Discuss briefly the legal and social framework to ensure that all workers in Australia are paid “A fair day’s wages for a fair day’s work”