📋 WAT/Essay Analysis Guide: Can Capitalism and Ethical Business Practices Coexist?

🌐 Understanding the Topic’s Importance

Ethics in capitalism reflects pressing global issues like sustainability and equity, aligning closely with B-school curricula on corporate governance, leadership, and strategy.

📝 Effective Planning and Writing

  • Time Allocation:
    • Reading & Brainstorming: 5 minutes.
    • Writing: 20 minutes.
    • Review: 5 minutes.
  • 📚 Preparation Tips:
    • Note key data like ESG trends.
    • Identify stakeholders and examples.

💡 Introduction Techniques for Essays

  • 🔄 Contrast: “Capitalism thrives on competition, but ethics demands collaboration. Can these forces coexist?”
  • 📜 Timeline: “From industrial monopolies to ethical consumerism, capitalism’s evolution sparks debates on morality.”

📖 Structuring the Essay Body

  • 🏆 Achievements: Cite ESG growth, fair trade success, and diversity initiatives.
  • ⚠️ Challenges: Highlight greenwashing, profit-ethics conflict, and regulatory gaps.
  • 🔮 Future Outlook: Recommend tech-driven transparency (blockchain in supply chains) and collaborative frameworks.

✅ Concluding Effectively

  • ⚖️ Balanced Approach: “Ethical capitalism is achievable but requires systemic changes and vigilant stakeholders.”
  • 🌍 Global Comparison: “Drawing lessons from Nordic economies, ethical capitalism can lead to sustainable growth.”

🔍 Analyzing Successes and Shortcomings

  • Key Achievements: ESG adoption, fair trade expansion, sustainable growth.
  • ⚠️ Ongoing Challenges: Profit bias, insufficient regulation.
  • 🌎 Global Context: Learn from developed countries with strict ethical standards.

🔧 Recommendations for Sustainable Progress

  • 📜 Mandate ESG disclosures.
  • 🌐 Foster global ethical trade agreements.
  • 💵 Incentivize businesses to adopt ethical practices.

✍️ Sample Short Essays (100 Words)

  • ⚖️ Balanced Perspective:
    “While capitalism prioritizes profits, ethical business practices ensure sustainability and equity. Companies like Unilever prove profitability aligns with ethics. Yet, greenwashing remains a threat, requiring robust global standards.”
  • 💡 Solution-Oriented:
    “Blockchain can ensure ethical supply chains, while subsidies promote sustainable products. Collaborative frameworks between businesses and governments hold the key to ethical capitalism.”
  • 🌍 Global Comparison:
    “Nordic nations exemplify ethical capitalism with strong regulations and sustainable innovations. Replicating such frameworks globally can harmonize profit motives with ethical imperatives.”

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