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 performs its activities to meet its wider obligations toward the society and environment, such as by avoiding activities which may be harmful. Strategic planning is an essential preliminary step in the corporate world in which senior management defines the organization's strategy, direction and decision-making. Ethical values and social responsibility serve an important role in the strategic planning process” (Abdullah, 2012). In the beginning of the corporations attributes the executives sit down and discuss what is right for the company when complying with employees, stakeholders, and other attributes of the corporations in form of a strategic plan. The role of ethics and social responsibility Corporations have a the leader position to make the best decision as possible because everyone relies on the ethics that the company has put in front of the company. The stakeholder’s of will not take this into an excuse for a company to fail because of some wrong decisions made. Stakeholder’s tend to invest in something cooperative with the companies and make them realize that there money means value in the corporations future. When making unethical decisions it may cause or even jeopardize the reputation of the company. The main statements that most of the human resource departments usually try to hid in their new employee messages is to follow and do the right thing in the company. When over time a company is beginning to shutdown with numerous amounts of layoffs, closing businesses, or any other act that directly affects those that are involved is not an ethical base but yet a society thought basis. The events are thought out to be progressively as oppose too suddenly for which prevents anger and hostility toward the company. Overstepping ethical boundaries Who doesn’t forget an event that changed and shook the United States market in just one day? Enron an American energy company which was based in Houston, Texas, was going through and audit as usual like any of the five other major companies that were going through this same audit. Enron turned out to be a failure in the audit process because it turned out that Enron as a company was able to hide billions of dollars by playing around in not reporting the exact numbers through the companies accounting department. The company officials, such as “Chief Financial Officer Andrew Fastow and other executives not only misled Enron's board of directors and audit committee on high-risk accounting practices, but also pressured Andersen to ignore the issues” (“Enron scandal,”). Enron’s $63.4 billion in assets made it the largest company in the United States to file against bankruptcy. The unethical decision made by just a few people lead to the company’s shutdown, the U.S. market in a loop whole, and thousands of employees without jobs. The preventative measures that should have been taken in this place is to periodically make audits to these large type of corporations and keep going back to the companies ethical essence. The hidden revenues and assets that the company tried to hide by pretending not to care is costing the U.S. markets until this day. The government officials should have kept an eye on the shares when they dropped and when they increased all of the sudden to see where the company withholds with the losses. It is already unethical to go ahead and make those mistakes but hiding and covering up for them is even worse. Conclusion In conclusion, a corporation’s ability to abide by the rules and regulations created by the company is a company’s duty to fulfill. It is important to know the roles and strategic planning of ethics and social responsibilities of a corporation in case of future when action may be needed. Companies like Enron have destructed the markets with their unethical and unrealistic social responsibilities not only for the company and its employees but also for the whole United States market itself.

Reference Abdullah, A. (2012). Five important issues of ethics & social responsibility in the strategic planning process read more: Five important issues of ethics & social responsibility in the strategic planning process | ehow.com http://www.ehow.com/info_8618109_five-responsibility-strategic-planning-process.html Charles, A. (2012). Ethics & social responsibilities in management. Retrieved from http://www.ehow.com/list_7593651_ethics-social-responsibilities-management.html Enron scandal. (n.d.). Retrieved from http://en.wikipedia.org/wiki/Enron_scandal Ingram,D.(2012).Strategicsocialresponsibility.Retrievedfrom http://www.ehow.com/info_7956496_strategic-social-responsibility.html