Running head: ETHICS REFLECTION PAPER
Ethics Reflection Paper
STR/581
September 30, 2012
Ethics Reflection Paper Social responsibility and ethics are essential elements in establishing a strategic plan while contemplating the needs of stakeholders. Social responsibility and ethics should be conceived as fundamental strategic concerns within organizations. Social responsibility and ethics have the potentiality to help an organization succeed or fall. The achievement of an organization’s strategic plan relies on it. This paper will examine roles of social responsibility and ethics in establishing a strategic plan while contemplating stakeholder needs. Last, this paper will
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By doing so, the implications become an integral part of the organization’s scope. It is necessary for all organizations to integrate ethics into its strategic planning process to represent its core values to internal and external parties in a positive manner; this will assist in strengthening the organization’s image (Jin & Drozdenko, 2010). As a result, the majority of stakeholders will have the assurance that the strategic plan serves their requirements and better interests.
Social Responsibility in Organizations Social responsibility is another integral component of a strategic plan. It is essential to integrate corporate social responsibility within the daily operations of an organization. By doing so, it helps ensure that the organization is moving toward the constant development and better interest for the public by attempting to reduce any potential negative impacts of its operations. As such, corporate social responsibility is an integral method of gaining a competitive advantage through the enhancement of its corporate image through the perspective of the stakeholders and the public. Knowing this, more and more organizations are allocating additional resources in an attempt to strengthen their commitment to society. This is commonly demonstrated in the reduction of environmental pollution or assisting in providing financial resources for various social causes (Min-Dong Paul, 2009). When an organization focuses on social responsibility
On the other hand although their similarities are close knit; they each have a distinct difference depending on the individual. For instance, recently the complex next door caught fire due to bad wiring. The company put all the tenants up for the weekend because they believed that this is what they ought to do. After the weekend the tenants were told that the situation had been turned over to their insurance company and it was out of their hands. The tenants believe that the company should hold their self-responsible and accommodate them much more.
1. In order to implement an organizations commitment to social responsibility it is necessary to identify what social problem the organization intends to address, develop policies on what the organization plans to do to successfully fulfill its obligation and ensure stakeholder buy-in. The main obstacles an organization faces when implementing socially responsible policies is pressure from stockholders and business analysis who want steady increase in earnings. Without steady increase in profits, it becomes difficult to reinvest money in these areas. The following actions can be taken toward increased social responsibility:
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. It is the executive manager’s responsibility to establish a clear vision for the corporation and place a specific focus on understanding stakeholder’s needs. In an effort to support
Is pleasing the customers, and telling them what they might want to hear, more important than being honest with them? When clients ask the company for reports, their main interest should be to get a thorough and comprehensive analysis. If they were only looking for a confirmation of what they wanted to hear, they should not need the research.
• Explain the role of ethics and social responsibility in developing a strategic plan, considering stakeholder needs.
These issues are all of ethical concerns, but are also legal concern according to the fact that is illegal to not completely attempt resuscitative efforts in the absence of a DNR.
Choice 2: A married couple, both addicted to drugs, are unable to care for their infant daughter. She is taken from them by court order and placed in a foster home. The years pass. She comes to regard her foster parents as her real parents. They love her as they would their own daughter. When the child is 9 years old, the natural parents, rehabilitated from drugs, begin court action to regain custody. The case is decided in their favor. The child is returned to them, against her will. Does ethics support the law in this case? Discuss.
The primary purpose of ethics and social responsibility is imperative to the way we do business and live amongst society. Ethics most commonly know as the rights and wrongs are principles and standards that establish what is know as acceptable conduct within an organization. Organizations have moral and legal duties to implement ethics when developing a strategic plan while considering stakeholders and consumers, they do not want to be lied to or cheated into buying a false product. Unethical companies will use aggressive sales tactics and mischievous ways, of doing business to sell, promote and profit from vulnerable consumers. Unethical organizations believe in these tactics
Everyday we each face questions of what we ought to do. We sometimes ask ourselves,
When the stock market goes up one day, and then goes down for the next five, then up again, and then down again, that’s what you call market volatility.
To understand the role that ethical and social responsibility considerations occupy in the development of Riordan’s strategic organizational planning, one must first recognize what these concepts mean. According to Merriam-Webster (2011), ethics is “the discipline dealing with what is good and bad and with moral duty and obligation” (para. 1). Outside of this general definition that ethics are standards for morality, researchers and philosophers have actively sought for many years for a comprehensive and all-encompassing explanation of what is and is not ethical. Many factors contribute to the meaning of ethics and corresponding behaviors, including but not limited to culture, religion, societal influences and pressures, and various stages of moral development. Though social
Morals are infrequently conflated or mistook for different methods for settling on decisions, including religion, law or ethical quality. Numerous religions advance moral choice making yet don't generally address the full scope of moral decisions that we always come across. Religions might likewise advocate or deny certain practices which may not be viewed as the correct area of morals, for example, dietary confinements or sexual practices (K.A. Francis, Demand Media, 2014). A decent arrangement of law ought to be moral, however, the law sets up a point of reference in attempting to direct all inclusive rules and is subsequently not ready to react to individual connections.
Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue
Ethics ensure that a company achieves its mission, vision, goals, and objectives in such a manner that they give a company a sense of direction and framework. Ethics ensure guidelines are creating that bind the entire organization into one common thread, govern the action of the organizational employees, and avoid deviation from the desired strategic path. Five ways a company can ensure ethics is including in their strategic planning are
Business ethics, social, and environmental guidelines frame the expectations of an organization's stakeholders including customers, employees, and regulatory bodies. An organization's ethical guidelines encompass how the organization and its employees embody ethical principles in their dealings, with each other, and other stakeholders. Therefore, Ferrell, Fraedrich, and Farrell (2008) have defined Business ethics as "The principles and standards that guide behavior in the world of business" (p.6). In many situations, individuals must incorporate their personal ethics to match those of the organization's ethical culture. For this reason, business ethics theory indicates that an organization's ethics are evident in its organizational mission and vision (Hummels & Timmer, 2004). This is because the mission and vision determine organizational structure and culture, and thereby organizational and individual behavior.