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Ethics and Social Responsibility
Robert Blad
MGT/498
May 8th, 2014
Instructor Dial

Ethics and Social Responsibility
There are vast amounts of companies that have been accused of doing something that is deemed unethical or not follow a certain social responsibility. However, as people can we really expect a fortune 500 company to maintain itself with so many rules, regulations, and changing variables? The answer is yes; if they are willing to follow a strict strategic management scope that allows them to stand their ground and build a foundation that others are able to honor at the same time. Throughout, we will talk about ethics and social responsibility and how it ties to strategic management.
The Strategic Plan
A strategic plan is the formulation, plan, and implementation of something that is a foundation for most companies. Having a plan is ideal but being strategic in understanding what is available to you as a company and having that pin pointed acceptance of knowing which way your company is heading and how you are able to achieve these results. Ethics are the foundation of many things are tied together through what a company should be doing to ensure they have public trust, responsibility for their actions, along with being readily available to answer any and all questions that arise. Considering that it seems difficult for many companies to maintain an ethical way of doing things because of the large demand for certain products is the balance for most companies to decide when it is enough. The “it” is when you begin harming others, ruining cultures, breaking the law, and doing things that are for mainly financial gain and not the consumer safety. This seems to be an easy task but for some reason many companies cannot do this and that raises questions about them or the leaders within that company because if they have no idea what is going on daily then maybe we shouldn’t have companies that are getting so large there is no way to control the very fiber they set to create when they had a regular store. When it comes to the stakeholders involvement there should be numerous talks about what they find to be ethical to clear up any confusion which way the company is going. There needs to be strict rules on the ethics that a company shares and the stakeholders themselves. Interviewing stakeholders could be a great thing to do to get a spectrum on what they are involved in and how they can help the company further. Communication will lead them to success.
Social Responsibility
Social responsibility is very similar to ethics but more of a broad range because this is every changing and a company that does not maintain what is happening in the world they will not likely survive. The aspect of being responsible understands that they should do right in face of stupidity and greed at all times putting first the people who work for them and the people they could potentially harm (Huffington Post, 2014). With great power comes great responsibility. The understanding that making a few extra dollars at the expense of others is horrendous in nature but as most of us know every man has a price. It’s unfortunate but it can be tamed with the notion that others come first and do right which will pay bigger dividends in the long run than those short comings.
Barrick Gold Corporation
This is a Toronto based mining company that spends most of its time in Australia mining for gold. However, in order for them to keep their operation going to increase revenue they have been accused of destroying homes and running people out of their villages in in New Guinea (Huffington Post, 2014). In addition, they have been manipulating land titles in Australia to get more land to keep up with demand. However, at this point it doesn’t seem like demand it seems like greed that they want as much of the gold pie as possible. Due to the way they mine they have been responsible for shrinking almost 70% of glaciers within South America (Huffington Post, 2014). Very staggering but could be prevented by conducting operations elsewhere or trying to give a percentage of the gold back to the communities they are destroying. At some point they will need to understand that what they are doing is causing so much damage at an alarming rate and they will need to move on for good. Killing people and destroying homes to feed the world more gold is rather sickening. However, considering technology they could be doing things differently at least in ways of putting money into the project that could be using better resources.

References
Huffington Post. (2014). Huff Post Business. Retrieved from http://www.huffingtonpost.com/2010/01/28/the-least-ethical-compani_n_440073.html

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