The role of ethics and social responsibility aids organizations in developing a strong strategic plan, while addressing the needs of stakeholders. Ethics and social responsibility require social awareness to address the needs of the environment and to increase the knowledge of employees, which will lead to a corporation focused on supplying the customer with what is needed, managers equipped with solid decision-making abilities, and employees who believe that he or she are an asset to the business
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Strategic Management: A Competitive Advantage Approach, 14e (David) Chapter 10 Business Ethics/Social Responsibility/Environmental Sustainability 1) Many people consider it unethical for a firm to be socially irresponsible. Answer: TRUE Diff: 1 Page Ref: 310 AACSB: Ethical Understanding and Reasoning Abilities Objective: 10.01 Explain why good ethics is good business in strategic management. Learning Outcome: Discuss the roles of ethics and social responsibility in strategic management
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Running head: ETHICS Ethics Paper Stacey Avery University of Phoenix MGT/498-On-line Rob Inglis May 21, 2012 This paper is written in fulfillment of the MGT/498 class at the University of Phoenix. The assignment calls for a paper in which explains the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas. Include at least one example of a company overstepping ethical boundaries for stakeholder agendas
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Ethics and Social Responsibility “The concept of social responsibility proposes that a private corporation has responsibilities to society that extend beyond making a profit.” (Wheelen & Hunger, 2010 p.72) Social responsibility considers the customers, employees, shareholders, communities, interests and social- environmental consequences of their business activities. A strategic approach, companies can determine activities to devote to being socially responsible and choose activities which
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Ethics and Social Responsibility in Strategic Planning Corporations when faced with difficult decisions have to keep in mind that the decisions that need making not only affect the corporation and the employees that work for the corporation, but it affects the corporations' stakeholders, and the public communities. The decisions made still need to keep the best interest of everyone involved without losing more of the corporation than what needs to be lost. The role of ethics and social responsibility
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Ethics and Social Responsibility Andrea Clark MGT 498 May 15, 2012 Thomas Moore Ethics and Social Responsibility “The concept of social responsibility proposes that a private corporation has responsibilities to society that extend beyond making a profit.” (Wheelen & Hunger, 2010 p.72) Social responsibility considers the customers, employees, shareholders, communities, interests and social- environmental consequences of their business activities. A strategic approach, companies can
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Ethics in Strategic Plans Todd Balzer MGT/498 28 October 2013 Debra Grisamer Write a 700- to 900-word paper in which you do the following: Explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas. Ethics in Strategic Plans When developing a strategic plan with social responsibility in mind, organizations have two separate viewpoints. One view is of Milton Friedman’s with a laissez-faire approach. This
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Ethics Paper Alicia Lanfair MGT 498 January 6, 2016 Thomas Rauter Ethics Paper The function of ethics and social responsibility is the creating of a strategic plan while reflecting on the stakeholder’s desires and plans. Ethics is the study and values of human behavior with an importance of knowing right from wrong. Business ethics is the principles, values, and standards that primarily direct the actions of a company. Principle values are distinct boundaries of
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Ethics Reflection Paper Sheila Bourne University of Phoenix STR/581 Instructor: Charles Von Urff November 17, 2010 Executive Summary When the word “ethics” is mentioned in society and in business what comes to mind to me is that people should practice expressing good morals and values in making the best decisions in their personal and professional life. Basically, ethics is how we ought to act or behave because our conduct is affected by our morals. My paper will analyze how the role
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Strategic Management Process Paper MGT/498 March 10, 2014 Abstract: This paper explains the role of ethics and social responsibility when developing a strategic plan, and includes considering stakeholder needs and agendas during this process. This paper uses an example of a company overstepping ethical boundaries for stakeholder agendas, and what types of preventative measures could be taken to avoid this type of situation. Essay: Success
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