...Running head: ETHICS REFLECTION Ethics Reflection STR/581 Ethics Reflection In the last decade ethics has taken an important place in corporate America after some unethical and fraudulent business practices getting uncovered. Few companies’ such as Tyco, Enron, Arthur Anderson, and WorldCom have made their name synonymous with corporate fraud. Unethical behavior of top executives like Bernard Madoff and Martha Stewart can sink the whole company. This paper will explain the role of ethics and social responsibility when developing a strategic plan. In this paper I will also discuss how my ethical responsibility has changed during MBA program. Ethics in Strategic Planning Ethical means that which is morally good, and morally right, as opposed to legally or procedurally right (Mendonca, 2001). Business like most other social activities presupposes a background of ethics and would be impossible without it. To be a good business leader it is very important to doing the right things. Any unethical behavior at workplace can be creates very stressful and overwhelming environment for employees. For example, if an employee finds an unethical behavior, which is not necessarily illegal, his or her inner self of right and wrong could play a role in what he or she does. A good corporation needs to know what is good and bad not only just now, but also within the action-relevant future (Mintzberg, Lampel, Quinn, & Ghoshal, 2003). To give clear directions on...
Words: 791 - 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...
Words: 843 - Pages: 4
...Ethics Reflection Paper Crystal Davis STR/581 September 9, 2014 Pamela Scale Ethics Reflection Ethics and social responsibility occupy an important place in our personal value system. Customer confidence in how business operates has been severely shaken by recent corporate scandals and collapses, such as Enron and bank failures. To be their most successful, companies must consider ethics and social responsibility as critical parts, inherent components of strategic plan. Ethical and social responsibility should be considered as part of the strategic process in profit decisions in order to receive the maximum benefit, of corporate profits. This paper analyzes what ethics and social responsibility are, how each applies to a company’s strategic planning, and the overall impact on stakeholders when ethics and social responsibility is considered in strategic planning. The Role of Ethics in Strategic Planning Reflecting critically and actively on ethical issues is an obligation of every professional. Ethics guarantee that an organization accomplishes its mission, vision, goals, and objectives in a manner that will give a business a sense of direction and framework. Ethics ensure guidelines are created that bind the entire organization into one common thread, govern the action of the organizational employees, and avoid deviation from the desired strategic path. Ethics ensure that strategic plan is prepared as per the best interest of all a company’s stakeholders...
Words: 883 - Pages: 4
...Ethics Reflection Paper STR 581 April 15th, 2015 Ethics Reflection Paper Ethics are important guidelines for all organizations to establish. Ethics drive an organizations culture and a lack of ethics can lead to very negative results. When describing ethics simply it can be defined as what is considered right and wrong. An organizations ethics should be clearly defined for all of its employees. Managers and leaders should always lead by example in making decisions that do not conflict with the organizations ethical principles. Establishing ethics can often times be much easier then actually living them. All organizations should be steered by a strategic plan that considers all the stakeholders involved and affected by the organization. This plan should be available to all employees. Furthermore all leaders in the organization should base their decisions on supporting and furthering the strategic plan. In the formation of a strategic plan both ethics and social responsibility should be heavily considered. Social responsibility can be defined as the responsibility the organization has to the greater good of the overall society that it operates in. While profits are always the main goal of an organization it cannot be the only driving force of an organization. This would lead to immoral and unethical decisions, which will ultimately result in a lose-lose scenario for both the organization and society as a whole. Strategic plans should consider all the stakeholders’ needs...
Words: 753 - Pages: 4
...Monica Ellis Ethics Reflection Paper Instructor Brian Rowland December 22, 2014 STR/581 Ethics Reflection Business administrators are faced with the enormous encounter of assessing the pursuit of shareholder earnings with a high ethical code. . Concentrating too much on one solitary region will affect the other one to grieve. Computer technology has made it easy for information about companies to flow freely and ethical failures are quick to be identified by the public. Weakening to run an ethical business could lead to instant brand decline through negative community exposure. The following paper will scrutinize the issues of ethics and shared responsibility as they interconnect to strategic management. The strategic choices of a large international establishment have the potential to influence millions of individuals across the world. Failing to distinguish the extensive effects of these choices could result in adverse effects on shareholders, surrounding communities, and the environment. Producing a well-documented code of ethics gives firms a proposal on how their conclusions should affect society. Four categories of manager's duties: economic, legal, ethical, and discretionary. These groups classified in order of importance based on the existence of the business (Wheelen 2010). First, economic considerations are those that result in the maximization of profits for the firm. The most important factor in the company must be financially viable in order to exist over...
Words: 966 - Pages: 4
...Ethics Reflection Paper In this paper the subject to analyze is the function of ethics and social responsibility, how each applies in developing strategic plan, considering stakeholders requirements. It will also explain how the writer ethical viewpoint has evolved all through the program. Role of Ethics and Social Responsibility in Strategic Planning Ethics are the belief and moral rules that vary from an individual to another individual. Ethical philosophy if deliberated rigorously throughout strategic plan can lead into remarkable results. Ethics and social responsibility play a critical role in developing a strategic plan. Values, standards, norms, and rules to accomplish an accurate avenue in attaining strategic objectives are based on ethics. Social accountability is associated to the social norms and policy that if measured through the strategic planning, can outline the foundation of reliability. Ethics participate in an essential role in gathering the diverse requirements of internal and external stakeholders (Sims, 2003). These two key aspects execute a basic role in establishing a workable strategic plan. Ethics and social responsibility support in ensuring an agreement with the special requirements of stakeholders. These are as follows : • Ethical code of conduct: Ethical codes of conduct acknowledge all through strategic plan help in ensuring right and moral activities. This aid the organization in fulfilling the desires of employees, customers, communities...
Words: 757 - Pages: 4
...Communications Plan MKT/571 Communications Plan The following is a communications plan for our product launch that includes both domestic and international markets. It addresses The evaluation of factors involved in developing and managing an effective marketing communications plan for the new product. We will evaluate advertising and promotion programs for the new product, the technology trends available to help you market the product. Lastly, we will compare and contrast the marketing communication strategies for both your domestic and international markets, and explain the differences. Factors in Marketing Communications Plan There are many factors to consider when evaluating an effective marketing communications plan. The correct way to begin the development of this plan is to keep in mind the four P’s of the marketing mix, product, price, placement, and promotion. According to RD Marketing, “The best marketing strategy in the world will ultimately fail if you are unable to get the right message to your potential customers at the right place and the right time” (2014). The four P’s will guide us to understand, develop, and manage an effective marketing communication plan. A factor that can impact the marketing communication is the product itself. We have to communicate exactly what the product is that we are selling. In this case we must effectively express to the consumers that this product allows for greater rest in a shorten time of sleep. We must be careful...
Words: 1351 - Pages: 6
...1 Erik Seigle Law 2150 11/24/15 Ethics Reflection Enron was a company that reached dramatic heights, only to see itself crumple from within through lies and deceit. Enron created a corporate culture that thrived on competition and was often seen as arrogant. The story of Enron ends with one of the largest bankruptcies in american history. The collapse of Enron affected the lives of thousands of employees, pension funds, and ultimately shook wall street to its core. Many people still wonder how a company so powerful fell so quickly. Enron’s demise was a result of the greed of a few Enron executives who were unwilling to see their company fail. They used marktomarket accounting which recorded the expected future revenue from a longterm deal (seabury). These deals often resulted in losses, not revenue. This caused Enron to accumulate massive amounts of debt which they tried to hide from the public. Eventually the truth would come to fruition. Enron was a company built on lies and deceit. Their stockholders and employees, like the prisoners in Plato’s cave myth took all the information they were provided at face value. Employees believed in Lay as he frequently encouraged them to “talk up” the stock, and spoke of the safe and sound trajectory of the company. Unfortunately for the employees, they had to stand by helplessly and watch their retirement funds evaporate while top Enron officers cashed in on their lucrative stocks ...
Words: 1084 - Pages: 5
...Week 1 Hi Class, Use this threat to provide the information above, as the choice for the company you'll be using for your course project. If you do end up using a startup, please make sure you have access to ample resources to support the assignment requirements. While I don't have a problem with some of you using the same company, I would prefer that you don't pick something that you already see that has been chosen. This will allow for more variety. Everything you've been learning has been preparing you for this final project. After you post I will confirm that your choice has been approved. Now, let's have some fun! Words: 110 Strategic Plan Preparation * Not completed (REQUIRED) * Presentation * Strategic Plan Preparation Choose an organization as the focus for the Strategic Plan, due in Week 6. Choose an organization according to the following: * Current employer * Most recent or former employer * Place of business that you have patronized or have been familiar with over a long period of time. Avoid choosing an organization that is so large that historical data would be difficult to apply. Firms in the Russell 2000® index may fit well, whereas firms in the Dow 30 Industrial index probably do not. The organization can be a start-up that you or a significant other may create in the future. For a start-up, focus on an entrepreneurial idea that is of substantive interest, so this project leaves you with a product you...
Words: 860 - Pages: 4
...STR 581 WEEK 1 ETHICS REFLECTION PAPER A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=str-581-week-1-ethics-reflection-paper Visit Our website: http://hwsoloutions.com/ Product Description PRODUCT DESCRIPTION STR 581 Week 1 Ethics Reflection Paper, Ethics Reflection Paper For an organization maintain stability and growth, it must consider the role of ethics and social responsibility as inherent components of strategic plan. Ethical and social responsibility criteria are important to the strategic planning process when making profit decisions before and after he enables the organization to attain the greatest possible benefits.Ethical responsibility is an obligation of every professional and is salient in every aspect of how an organization operates. Ethics ensures an organization can effectively achieve its mission, goals, and objectives which gives direction and framework. Ethics ensure guidelines are created which bind the organization into one common thread, therefore avoiding deviation from the desired strategic path. Ethics ensure that strategic plan is prepared in the best interest of all the organizations stakeholders.Social responsibility is the other major component to the strategic planning process and it correlates with organizations profitability.An organization that makes it a point include social responsibility as one of their criteria, ensure that they are contributing to the improvement and well-being of all society involved. ...
Words: 322 - Pages: 2
...Ethics Reflection Paper STR 581 Ethics Reflection Paper A company is defined by its mission; the mission in turn is a company’s approach to social responsibility. Serving several groups of stakeholder is never easy, each group has its own set of interests and expectations of a company. Through several steps a company can identify, understand, reconcile and coordinate the demands to define its social responsibility. Ethics and Social Responsibility “Corporate social responsibility is the idea that a business has a duty to serve society in general as well as the financial interests of its stakeholders.”(Pearce, 2013, p. 52) Dividing the stakeholders into two distinct groups, internal and external, despite its numerous situations a company can determine how to meet its social responsibility. There are four types of social commitment that strategic managers must consider: economic, legal, ethical, and discretionary social responsibility (Text) Maximizing profits is at the core of economic considerations while ensuring compliance with laws and regulations are taken into account under legal commitments. “Ethical obligations are the obligations that transcend legal requirements” (Pearce, 2013, p. 54). All other voluntarily assumed duties comprise the discretionary responsibilities of a firm. While the demands of stakeholders may overlap these responsibilities only some are required in the mind of the general public. Not only does social responsibility comes with both costs...
Words: 745 - Pages: 3
...discussed the issues of leadership, ethics, power and decision making. A review of the literature related to those topics to clearly make management moving and adapted to the context of organizational change by stating the theme to link the topic as a block. Title of the Paper in Full Goes Here Many authors described the change in their scholar works. This literature discussed the ethical, leadership, power and decision making regarding the organizational change. The purpose of my essay will be to demonstrate my ability to organize these different point of view in literature, synthesize different categories and then formulate the common themes among these articles The proposed solution for these different authors converged to make a pertinent social change regarding the leadership, the ethics, power, and the decision making in organizations. Those four topics related to management will be developed in different viewpoints in the same order as enumerated above. Leadership The author described the reflective change in individuals leading a societal project. Smith laid out a framework for leader undergoing an organization change. The author described the executive and management behavior regarding the implementation of principals to become a leader. According to Smith (2001), one of the main causes of successful organization’s failure is the lack of reflection. The author went on to suggest that a framework for today leader’s reflection to adapt in society change. Smith...
Words: 1148 - Pages: 5
...STR 581 Entire Course For more classes visit www.snaptutorial.com STR 581 Week 1 Individual Assignment Ethics Reflection Paper STR 581 Week 1 DQ 1 STR 581 Week 1 DQ 2 STR 581 Week 1 Knowledge Check STR 581 Week 2 Learning Team Activity (Innovation Strategy) STR 581 Week 2 Individual Assignment Research Proposal STR 581 Week 2 DQ 1 STR 581 Week 2 DQ 2 STR 581 Week 2 Knowledge Check STR 581 Week 3 Individual Assignment External and Internal Environmental Analysis STR 581 Week 3 Learning Team Peer Evaluation STR 581 Week 3 Knowledge Check STR 581 Week 3 DQ 1 STR 581 Week 3 DQ 2 STR 581 Week 4 Individual Assignment Strategic Choice and Evaluation STR 581 Week 4 Learning Team Peer Evaluation STR 581 Week 4 Knowledge Check STR 581 Week 4 DQ 1 STR 581 Week 4 DQ 2 STR 581 Week 5 Individual Assignment Implementation, Strategic Controls, and Contingency Plans STR 581 Week 5 Learning Team Peer Evaluation STR 581 Week 5 Knowledge Check STR 581 Week 5 DQ 1 -------------------------------------------------------------------------------- STR 581 Week 1 DQ 1 For more classes visit www.snaptutorial.com What are the major components of a strategic management process? Which of these components is the most difficult for managers to perform? Explain your answer. -------------------------------------------------------------------- STR 581 Week 1 DQ 2 For more classes visit www.snaptutorial.com Where have you seen organizational mission, vision, and values statements...
Words: 715 - Pages: 3
...Ethics Reflection Paper Ethics Reflection Paper Ethics and social responsibility are important concepts that play a significant role into implementing a strategic plan. Ethics and social responsibility will benefit an organization into having a successful strategy plan and reduce and any potential negative impact of a operation. The subjects to address in this paper are the following, the role of ethics and social responsibility in developing a strategic plan considering stakeholder needs and how my ethical perceptive has evolved throughout the program. Ethics is an important concept as well as the fundamental principles of right individuals conduct. “Business ethics seek to proscribe behavior that businesses, firm managers, and workers should not engage in. Ethics is a source of guidance beyond enforceable law. It is clear and uncontroversial that firms and their workers should not engage in unlawful acts, such as selling harmful or defective products, and ignorance of the law cannot be used as a justification for unlawful actions. Business and management ethics goes beyond the law lo provide guidelines as to what is acceptable behavior in business transactions” (Haq, 2011, p.1). The way a company could successfully establish a mission, vision, or objective for its organization is through adhering ethics. The company must develop values that interest stakeholders. The values should include direction and expectation of the organization. The values should...
Words: 590 - Pages: 3
... |COM/537 Version 1 | | |Organizational Communication | Copyright © 2011 by University of Phoenix. All rights reserved. Course Description This course prepares graduate students to apply written and oral communication principles to the roles they play as managers. Students will learn how to persuade a variety of stakeholders to commit to a proposal. Other topics include the role of perception in communication techniques, aligning communication to an audience, business justifications, presenting data, and ethics in organizational communications. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Spatt, Brenda. (2011). Writing from sources (8th ed.). Boston...
Words: 2231 - Pages: 9
