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 benefit stakeholders in any way. The values should consist with moral standard appropriate to the organization. Ethics play an important role during the implementation of a strategic plan.
Social responsibility plays an important part into creating a strategic plan. “Social responsibility in business should be one of the major concerns of multinationals and other businesses all over…...