...Ethics, Social Responsibility and Strategy Planning A strategic plan places emphasis on accomplishing a business goal and when accomplished correctly should provide business leaders where to spend time, money, and any other needs that arise in building the plan. The strategic plan is the road map to how to get the desired end result. To build a successful strategic plan a business needs to understand who they are and how the market perceives them. A business also needs to understand what is important to change and what to not change. A business doesn’t want to remove or change what is already good about them but determine what they can improve on. If a business needs improvements in identified weak areas then the business can develop a plan that incorporates who is accountable and completely identify what is considered an achievement. A strategic plan should not occur when the business feels it is necessary but visited constantly to ensure the business is moving on track and nothing slip through the cracks. Review of the plan and refinements of the plan need to be handled timely and appropriately. Lastly, a company needs to communicate the plan to the business internally as this helps identify the mission and who the company is. Places everyone on the same page to the question the business must ask, who we are? The Role of Ethics and Social Responsibility Ethics should be the most forefront idea in any strategic plan. Ethics should be part of a company’s mission statement...
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...Ethics Reflection Paper Student Name STR 581 Date Instructor Name Ethics Reflection Paper Ethics is vital code of conduct in a person’s daily life as it has an important role in the organization. While a business start the procedure of strategic planning considering the code of ethics has got utmost importance. Communal responsibility is influenced during the planning strategies as it focuses on stakeholders needs of a business is satisfied. An organization is recognized by their mission; but the company’s mission approaches towards communal responsibility. Every group in a company presents their variable interests and outlook. Through various stages an organization is able to recognize, understand, settle and synchronize the demands for defining their communal responsibility. This particular paper is subjected towards analyzing the operations of ethics and communal responsibility, and their application in developing planning strategies, considering requirements of the stakeholders. Ethics and Social Responsibility In a company ethics can be said as an essential tool used for helping the workers in the company for understanding them the way of conduct in a company environment. This must combine both the standards and the values employed by the organization. When planning strategies are formed in a company, it must specifically focus on the expectations of the company which has been set for the employees focus making them know their way of conduct. By setting up of...
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...Social Responsibility in Ethics and Developing a Strategic Plan Sean K. Kerr University of Phoenix STR/581 March 3, 2014 Stephen Mersereau Social Responsibility in Ethics and Developing a Strategic Plan Ethics signify to the essential principles of an individual or a certain group. Social responsibility by definition is how a business accomplishes its activities to meet its obligations towards the local environment and society. This can be accomplished by the business avoiding activities that will be harmful because of the footprint the business is currently using or leaves behind. Strategic planning is a crucial first step in the business world in which senior leadership defines the corporation’s direction, strategy, and overall policymaking. Social responsibility and ethical values serve as an imperative part in the strategic planning development. Aside from ethics and social responsibility, stakeholders need to be taken into consideration as well. Stakeholders in Addition to Social Responsibility All leadership should guarantee and ensure that strategic assessments are reached after taking into the overall impact to the stakeholders. Stakeholders generally are usually one of the following: patrons, suppliers, societies and everyone who is possibly disturbed by the activities of the corporation. Generally a socially conscientious corporation treats stakeholders proportionately. Broader viewpoints should also be considered in terms of environmental and social impact...
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...Ethics reflection paper Introduction Ethics is the fundamental principles of an individual or a group. Business ethics refers to the study of business policies and practices. Social responsibility refers to how a business performs its activities to meet its wider obligations toward the society and environment. Strategic planning in the corporate world is considered to be a very important step. Social responsibility as well as ethical values in the strategic plan process are deemed to serve as an important role. The paper will explore the role of social responsibility and ethics in the business world. The role of ethics According to www.investopedia business ethics refers to the study of proper business policies and practices. There are several important issues to be aware of, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility and fiduciary responsibilities. (4) Business ethical principles are no difference than general ethical principles that is judged with the same right and wrong standards that are judged in society. Ethical factors have a great impact in the way businesses are ran today. The role of ethics may differ depending on which point of view is used. Ehow.com states that the ethics role and purpose is to control the human ego. Simply put, ethics is a system of thought that has as its end the process of organizing the aspects of personality such as drives, attitudes and aims into a balanced whole within the...
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...Ethics MGT 498 November, 2012 Ethics Edward O Wilson, an American biologist and theorist proposed that in the end, success or failure will come down to an ethical decision; one on which those now will be judged for generations to come (ThinkExist, 2012). Organizations require members to adhere to the established guidelines and ethics to maintain compliance with internal and external directives. The ability of the company to remain profitable without sacrificing ethics is a competitive advantage that will ensure consumer loyalty and enhance its reputation. Additionally, ethical decision-making contributes to a company’s fulfillment of corporate social responsibility. This analysis will describe how ethics and social responsibility influence the development of a strategic plan. Furthermore, it will provide an example of an unethical action and present an alternative method for handling the situation. Influence of Ethics The Free Dictionary.com (2012), defines ethics as a set of principles of right conduct or standards governing the conduct of a person or the members of a profession (Ethics). Although many believe that ethics and business cannot exist simultaneously, the cost of unethical behavior in organizations is unacceptable. According to Wheelen and Hunger (2010), a survey by the Ethics Resource Center of 1,324 employees of 747 U.S. companies found that 48% of employees surveyed said that they had engaged in one or more unethical and/or illegal actions during the...
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...Management Planning Paper Eugene R. Vazquez MGT/230 May 30th, 2013 Prof. Gabriel Medina, MBA Management Planning Paper Boeing Corporation as my example Table of contents Introduction -------------------------------------------------------------------------------------------------1 Evaluate Planning Function of Management------------------------------------------------------------2 Analyze Influence on Management Planning -----------------------------------------------------------3 Analyze Factors that Influence the Boeing Corporation Planning------------------------------------4 References----------------------------------------------------------------------------------------------------5 INTRODUCTION I will evaluate the planning function of management by using the Boeing Corporation as an example in my paper. I will analyze the influence that legal issues, ethics and corporate social responsibility has had on management planning at the Boeing Corporation. I will also analyze the factors that influence the strategic, tactical, operational and contingency planning at the Boeing Corporation. PLANNING FUNCTION The planning function is a process which begins with a situation analysis of external and internal forces affecting the corporation. This situation analysis identifies the problem and diagnose the solution which will bring alternative solutions for the corporation. The next step...
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...Ethics Reflection April 24, 2015 Strategic Planning and Implementation 581 When it comes to ethics and its meaning one tends to think about the definition of ethics which is basically moral principles that governs a person or group behavior or a branch of knowledge that deals with moral principles and dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions. Social responsibility is defined as a mode of ethics that implores us to act a certain way which can benefit society. From the social responsibility in the business world, it is how a business can perform its activities to show they can handle different obligations towards society. Strategic planning is a preliminary step in the corporate world in which management defines the organization's strategy, direction and decision-making. Ethical values and social responsibility serve a very important role in the strategic planning process. Social responsibility to stakeholders is a very important process to focus on in the strategic planning process. Management must ensure that strategic decisions are reached even though the possibility can impact the stakeholders. Stakeholders...
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...Ethics Reflection Paper Ethics and social responsibility are fundamental constituents in the creation of a strategic plan while bearing in mind stakeholder essentials. As such, ethics and social responsibility should be considered as an indispensable strategic priority within business organizations. Performances, actions, and ethical intentions of others are likely influential factors at any given time when decisions are made and also guided by principles of the business. Fair-minded organizations are the end result of individual personal commitment of the duty accomplished in the business. An ethical and respectable judging business experience in the work environment is linked to high performing cultures (Williams Institute). The decisions leaders make determine the work environment in which they operate. This paper will explain the role of ethics and social responsibility in developing a strategic plan, considering stakeholder needs, and explain how ethical perspective has evolved throughout the program. Ethics in Organizations An organization needs to adhere to ethics in order to effectively implement its mission, vision, and objectives in a way in which offers a solid foundation to management and their subordinates to properly develop and implement its strategies. By doing so, the organization as a whole is essentially subscribing to one commonality that directs all of the actions of the employees of the organization. Additionally, it assists in preventing such employees...
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...speaker notes, in which you address the following: • Evaluate the planning function of management as it relates to the organization’s goals and strategies. Use steps in the planning process outlined in the text. • Analyze the influence that legal issues, ethics, and corporate social responsibility have had on management planning at BP. Provide at least one example for each. • Analyze at least three factors that influence the company's strategic, tactical, operational, and contingency planning. Planning Part of the management function that involves setting goals and deciding how to best achieve them is called planning. Setting goals and developing plans helps the organization to move in a focused direction while operating in an efficient and effective manner. Strategies or plans are then developed for moving the organization closer to its goals. Types of Planning There are four types of planning a company can use; strategic, tactical, operational and contingency planning. Planning is part of making a decision and a manager can use the following types of planning in making short and long term decisions for a company. Strategic Strategic planning is an “organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people” (Bradford & Duncan, 2000). Strategic planning is the formal consideration of an organization's future course, usually anything...
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...Management Planning at Boeing Brian Newton MGT/330 December 1st, 2014 Steven Friloux Management Planning at Boeing To be successful in today’s competitive business world, organization and strong leadership is key. At The Boeing Company, this is no different. As one of the largest corporations in the world, they strive to set goals and plan a future around reaching those goals in a way that they can be the most prosperous. In the complex business economy of today, there are always influences that affect the way leadership paves the way. Issues regarding legality, ethics, and responsibility that follow being a major corporation are just a few. These play a major role in strategic, tactical, operational, as well as contingency planning. The Boeing Company and its leadership continually reach toward improving the organization, and the daily planning is inspired by numerous factors that shape who they are. Planning Functions Having an organized plan can be important to success and growth of a company, and Boeing follows the basic template of the planning process. It begins with the initial goal to be set, followed by an evaluation of the situation to determine what resources will be needed. This analysis is drawn from different areas such as past and current work conditions and how they can improve. A derivative plan is also brought to the table before finalizing the final decision. And lastly is...
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...Management Planning and Ethics Eloy J. Barraza University of Phoenix September 20, 2011 Rob Inglis Management Planning and Ethics Forever 21 are a clothing organization that is known worldwide. It started as a small clothing store in Los Angeles, California. The company grew into a corporate giant through careful planning and managing by its’ owners. This careful planning has impacted many things in the company such as, legal and ethical issues, corporate social responsibility and even the way the organization plans their new strategies and hires new managers for their stores. Forever 21 is known as a store that has the latest fashion at affordable prices, the owners of Forever 21 original plan was to find out what was in fashion and create similar models of the latest fashion trends but at more affordable prices, their plan was a simple one, give the people what they want but give it to them cheap. They never expected to grow the way they did, and yet their plan proved more successful than they initially thought. At one point however, growth can plateau or ideas can run out, so Forever 21 started hiring fashion designers that were barely starting their careers in order to have fresh ideas for the newest fashion and create still fashionable but affordable clothes, their original planning function was not enough, so they altered it accordingly to be able to encompass the new direction the company had to take to remain competitive, their careful planning gave the company...
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...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...
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...Ethics MGT/498 November 19th, 2012 Dr. Tug Gokaydin, Ph.D., MBA, PMP, CISA, CISM Introduction to Ethics Ethics is known to be a moral philosophy; it involves systematizing, defending, and recommending concepts of right and wrong conduct. Business ethics reflects the philosophy of business, one of whose aims is to determine the fundamental purposes of a company. Company's that’s purpose is to maximize shareholder returns, then sacrificing profits to other concerns could be a violation of its fiduciary responsibility. The role of ethics in business and the social responsibility as it relates to the strategic plan should satisfy the needs of the stakeholders ("Ethics", 2012). The Role of Ethics in Business Making decisions in business is critical and being ethical when making those decisions is vital to the integrity of the company and the individuals making the decisions. There are many ethical theories to choose when making decisions. Moral systems give a unique perspective on situations and can help to predict the outcome of a decision. Managers and business owners should consider various schools of thought when ethically making decisions. The function by identifying the consequences of each action, not only for the person taking the action, but for everyone else involved. The effects of the decision by mentally calculating and weighing the costs and benefits to the company or department affected. Look at the benefit to establish solutions that...
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...Ethics Ethics in a corporation is a matter of following the rules and conditions of the company sponsoring one for employment or doing business with different corporations. The corporations have to keep in mind that any actions or decisions they may take if for the worst to the better it will affect the company as a whole, the stakeholders, and the employees whom it involves along with other businesses that are associated with the corporation. It is mainly the social responsibility of the corporations to make such decisive actions toward the company. Ethics and Social Responsibility in Strategic Planning Ethics and social responsibility are similarities to one another in different scenarios when having or developing a strategic plan. When a corporation goes through various decisions that have to make an action toward a situation, it needs a strategic plan because it does affect the employees, the corporations as a whole and the corporation’s stakeholders. When deciding about strategic social responsibilities it “means going beyond the letter of the law to truly accomplish good in the world and reduce the negative impacts of doing business”(Ingram 2012). Ethics of course takes the big understood as the rights of doing something accordingly that will be beneficial for the whole. According to Aminah Abdullah: “Ethics refer to the fundamental principles of an individual or a group. Social responsibility is how a business...
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...Ethics and Social Responsibility Paper Ralph L. Kendrick MGT/ 498 September o4, 2013 Glenn O'Steen Ethics and Social Responsibility Paper Ethics and social responsibility has to be a part of any organization’s strategic management plan. Without the presence of these key elements the company could face some tough times. In this paper, the author will explain the ethical and social responsibilities of organizations as they relate to strategic management. In addition, the many ways an organization can meet stakeholders needs while maintaining ethical principles. The research of one company who crossed the line ethically will be discussed. Ethics and social responsibility Ethics and social responsibility are a necessity to any strategic management plan. An organizations lack of core values and ethics will determine the outcome of the organizations future. While making a profit is important, it should not be the only responsibility of an organization. The organization is equally responsible for the health and well being of the community. Often times an organization’s decisions affect more than the organization itself. The decisions of an organization impact the environment, community, economy, and the world. Organizations have many responsibilities that need to be in perfect balance in order for an organization to become successful. The responsibilities of an organization include: economical, legal, and social responsibilities (Wheelen & Hunger, 2010). Economic responsibilities...
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