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Ethics Reflection Paper

In: Business and Management

Submitted By michellek
Words 843
Pages 4
Ethics Reflection Paper
July 13, 2015
Professor Carlos Pineda

Ethics Reflection Paper
The purpose of this paper is to explain the role of ethics and social responsibility in developing a strategic plan, considering stakeholders needs. Included, in this paper will be a reflection on the author’s ethical perspective and how it has evolved. Ethics plays an essential role in both the business and social environment. Ethics reflects the morale beliefs and principles that demonstrate society’s opinion of an action performed by a group or individual that are considered right or wrong (Pearce & Robinson, 2013).
Ethics and Social Responsibility
Corporate Social responsibility is best defined by the concept that an organization has a commitment to serve society on an overall basis and to meet the financial interests of its stakeholders (Pearce & Robinson, 2013). A good practice would be to separate the needs of the inside and outside stakeholders as this would allow the organization to first determine the needs of each type of stakeholder and secondly meet their social responsibility.
In order for an organization to have in a depth knowledge and range of social responsibilities that must be included in their strategic plan, the strategic managers must study the four types of social committee. The four types of social committee include: economic, legal, ethical and discretional social responsibilities (Pearce & Robinson, 2013). Economic responsibilities involves methods in maximizing stockholder wealth, and legal responsibilities ensures that the organization is adheres to the laws that monitor business activities. In addition ethical responsibilities ensures that proper business behavior is achieved, and discretionary responsibilities are voluntarily assumed by an organization and include public relations, good citizenship, and achieving complete...

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