Crib Sheet: Business Ethics
ETHICS PAPER
Crib Sheet
Ethics Paper
Write at least a 1000 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.
Include at least one example of a company overstepping ethical boundaries for stakeholder agendas, and what types of preventative measures could be taken to avoid this kind of situation.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
Ethics
The role of ethics and social responsibility become paramount in developing a strategic plan. Considering the stakeholder 's needs and agendas are important too; however, the organizations social responsibility …show more content…
builds an organizations reputation. Since each organization has different ethical standards, a company can be very close to overstepping ethical boundaries for their stakeholder’s agendas. An example of this would be McDonalds and its business ethics. There are many preventative measures that could be taken to avoid these types of situations. The three most useful ones for the example of McDonalds are developing a code of ethics, ethics training, and the senior management leading by example.
Explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas.
A social responsibility is defined as an organization having a bigger responsibility than just making a profit for the shareholders.
When big changes happen within an organization, ethical behavior becomes an issue for some people, and the organization must develop a strategic plan to protect its shareholders. Even though an organization 's primary goal is to increase profits for shareholders, behavior of that company is looked upon by the public. The role of ethics plays an enormous part in social responsibility. Social responsibility is the way an organization gives back to its community. There are many ways an organization could be socially responsible, whether it 's donating time or money. Since the shareholders can vote on strategic plans, a stakeholder analysis would be beneficial when considering his or her needs and agendas. A stakeholder 's analysis identifies the impact a particular stakeholder has in the business, and whether he or she should be involved in that strategic decision (Wheelen & Hunger, 2010). The importance of ethics and social responsibility in developing a strategic plan are to be prepared for any conflicts that can occur in the …show more content…
organization.
Include at least one example of a company overstepping ethical boundaries for stakeholder agendas, and what types of preventative measures could be taken to avoid this kind of situation.
When a company is socially responsible, the boundaries between right and wrong can become blurred, this is especially true when it comes to making huge returns for the stakeholders. An example of these blurred lines is McDonald 's. McDonalds has a branded image across the globe. This image that they have worked so hard to create has also given them a reputation for having bad business ethics. McDonald 's has overstepped their ethical boundaries for financial gain in several ways. First, they have a negative impact on the environment that ultimately is destroying rainforests (Reese, 2010). They are also targeting children with their happy meals, toys, and play yards. This would not be such a bad thing if the food they were serving had some nutritious value. However, McDonald 's has been under much scrutiny for what they put in their food. The last way that their ethical behavior becomes questionable is how they treat their employees. Employees of McDonald 's are overworked and underpaid (Reese, 2010). McDonald 's is a multibillion-dollar organization that does not offer unions, fair wages, benefits, and other perks that a company as large as McDonalds should offer. McDonald 's covers up this unethical behavior by also having a social responsibility and giving back to its community. The Ronald McDonald house funds cancer research for children and offers families places to stay in their time of need. This charity is supported all over the world. The question is, does their charity work equal out to the damage that they cause.
Unfortunately, some people are not aware that they are behaving in an unethical behavior.
This is because each person 's "moral compass" is different, and there is not a worldwide set of ethical standards (Wheelen & Hunger, 2010). What may be ethical to one person may raise questions for another. There are many ways to prevent unethical behavior. Three examples that would be beneficial in the case of McDonalds are creating a code of ethics, ethics training, and upper management leading by example. The code of ethics is useful to McDonalds because it is a complete explanation of what is expected from all employees, and how he or she should behave. This is an effective way to promote ethical behavior, and could prevent certain problems in the future (Wheelen & Hunger, 2010). Ethics training in an organization such as McDonalds’s would be an excellent preventative measure because it is an unbiased third party coming in to teach correct behavior. This ethics training is beneficial to McDonald’s because some of the senior management may be used to their unfair ways, and this will allow them to change. The third way to prevent unethical behavior is for the upper management to lead by example. Some employees that are not in management are unhappy with his and her circumstances, and they will look to his or her leaders for guidance. This is an excellent way to teach others how to act internally. There is such an uneven amount of power at McDonald’s that if a team environment was
promoted all the employees would be able to enjoy his and her work.
Conclusion
The role of ethics and social responsibility plays a huge part in developing a strategic plan while considering stakeholder 's needs and agendas. An example of how important these roles are can be explained by looking at the organization, McDonalds. Many preventative measures can be put in place to hinder these conflicts from occurring. However, the lines between what is ethical and what is not are very thin, especially when it comes to the stakeholder 's profits and agendas. Social responsibility within a company is important, but it should not be used as a cover up for a company acting unethically.
References
Wheelen, T.L., & Hunger, J.D. (2010). Concepts in strategic management and business policy: Achieving sustainablility (12th ed.). Retrieved from The University of Phoenix eBook Collection database.
Reese, J. (2010). Unethical Companies: McDonald 's. Retrieved from https://ethicalfootprint.wordpress.com/2010/05/14/unethical-companies mcdonald%E2%80%99s/
Crib Sheet
Ethics Paper
Write at least a 1000 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.
Include at least one example of a company overstepping ethical boundaries for stakeholder agendas, and what types of preventative measures could be taken to avoid this kind of situation.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
Ethics
The role of ethics and social responsibility become paramount in developing a strategic plan. Considering the stakeholder 's needs and agendas are important too; however, the organizations social responsibility …show more content…
builds an organizations reputation. Since each organization has different ethical standards, a company can be very close to overstepping ethical boundaries for their stakeholder’s agendas. An example of this would be McDonalds and its business ethics. There are many preventative measures that could be taken to avoid these types of situations. The three most useful ones for the example of McDonalds are developing a code of ethics, ethics training, and the senior management leading by example.
Explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas.
A social responsibility is defined as an organization having a bigger responsibility than just making a profit for the shareholders.
When big changes happen within an organization, ethical behavior becomes an issue for some people, and the organization must develop a strategic plan to protect its shareholders. Even though an organization 's primary goal is to increase profits for shareholders, behavior of that company is looked upon by the public. The role of ethics plays an enormous part in social responsibility. Social responsibility is the way an organization gives back to its community. There are many ways an organization could be socially responsible, whether it 's donating time or money. Since the shareholders can vote on strategic plans, a stakeholder analysis would be beneficial when considering his or her needs and agendas. A stakeholder 's analysis identifies the impact a particular stakeholder has in the business, and whether he or she should be involved in that strategic decision (Wheelen & Hunger, 2010). The importance of ethics and social responsibility in developing a strategic plan are to be prepared for any conflicts that can occur in the …show more content…
organization.
Include at least one example of a company overstepping ethical boundaries for stakeholder agendas, and what types of preventative measures could be taken to avoid this kind of situation.
When a company is socially responsible, the boundaries between right and wrong can become blurred, this is especially true when it comes to making huge returns for the stakeholders. An example of these blurred lines is McDonald 's. McDonalds has a branded image across the globe. This image that they have worked so hard to create has also given them a reputation for having bad business ethics. McDonald 's has overstepped their ethical boundaries for financial gain in several ways. First, they have a negative impact on the environment that ultimately is destroying rainforests (Reese, 2010). They are also targeting children with their happy meals, toys, and play yards. This would not be such a bad thing if the food they were serving had some nutritious value. However, McDonald 's has been under much scrutiny for what they put in their food. The last way that their ethical behavior becomes questionable is how they treat their employees. Employees of McDonald 's are overworked and underpaid (Reese, 2010). McDonald 's is a multibillion-dollar organization that does not offer unions, fair wages, benefits, and other perks that a company as large as McDonalds should offer. McDonald 's covers up this unethical behavior by also having a social responsibility and giving back to its community. The Ronald McDonald house funds cancer research for children and offers families places to stay in their time of need. This charity is supported all over the world. The question is, does their charity work equal out to the damage that they cause.
Unfortunately, some people are not aware that they are behaving in an unethical behavior.
This is because each person 's "moral compass" is different, and there is not a worldwide set of ethical standards (Wheelen & Hunger, 2010). What may be ethical to one person may raise questions for another. There are many ways to prevent unethical behavior. Three examples that would be beneficial in the case of McDonalds are creating a code of ethics, ethics training, and upper management leading by example. The code of ethics is useful to McDonalds because it is a complete explanation of what is expected from all employees, and how he or she should behave. This is an effective way to promote ethical behavior, and could prevent certain problems in the future (Wheelen & Hunger, 2010). Ethics training in an organization such as McDonalds’s would be an excellent preventative measure because it is an unbiased third party coming in to teach correct behavior. This ethics training is beneficial to McDonald’s because some of the senior management may be used to their unfair ways, and this will allow them to change. The third way to prevent unethical behavior is for the upper management to lead by example. Some employees that are not in management are unhappy with his and her circumstances, and they will look to his or her leaders for guidance. This is an excellent way to teach others how to act internally. There is such an uneven amount of power at McDonald’s that if a team environment was
promoted all the employees would be able to enjoy his and her work.
Conclusion
The role of ethics and social responsibility plays a huge part in developing a strategic plan while considering stakeholder 's needs and agendas. An example of how important these roles are can be explained by looking at the organization, McDonalds. Many preventative measures can be put in place to hinder these conflicts from occurring. However, the lines between what is ethical and what is not are very thin, especially when it comes to the stakeholder 's profits and agendas. Social responsibility within a company is important, but it should not be used as a cover up for a company acting unethically.
References
Wheelen, T.L., & Hunger, J.D. (2010). Concepts in strategic management and business policy: Achieving sustainablility (12th ed.). Retrieved from The University of Phoenix eBook Collection database.
Reese, J. (2010). Unethical Companies: McDonald 's. Retrieved from https://ethicalfootprint.wordpress.com/2010/05/14/unethical-companies mcdonald%E2%80%99s/