Acuity

Definition

Acuity in the context of business ethics involves the sharpness or keenness of thought, vision, or understanding, particularly in recognizing and addressing the needs and concerns of stakeholders. It encompasses the ability to make precise judgments and decisions that consider the long-term impact on all parties involved.

Related terms

Stakeholder Engagement: The process of involving those who have a stake or interest in the company (such as employees, customers, suppliers, and communities) in decision-making processes.

Corporate Social Responsibility (CSR): A self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public.

Ethical Decision: Making - The process of evaluating and choosing among alternatives in a manner consistent with ethical principles