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
Premium Business ethics Applied ethics Ethics
Strategic planning can be defined as the formulation of plans that will lead to well informed and sound decisions and actions that when implemented will help achieve all short and long term organizational goals. During this process‚ the creation of well defined mission and vision statements along with organizational values and policies that are directly related to the company’s goals will help the business organization achieve long term success. Because success or failure directly impacts all stakeholders
Premium Social responsibility Ethics Strategic planning
Week 2 Individual assignment Abstract Reviews the role of ethics and social responsibilities in developing a strategic plan while considering stakeholder needs and agendas. Reviews the four key responsibilities and priorities as stated by Carroll; economic‚ legal‚ ethical‚ and discretionary responsibilities. Discusses the importance of integrating ethical and social responsibilities in a strategic plan. Uses Enron an example of a company overstepping ethical boundaries and discusses measures that
Premium Business ethics Ethics Social responsibility
PATCH 1 (20% of Total mark and maximum of 500 words): Strategic Purpose – [RED] ( Johnson et al.‚ 2011; pages 152-154) TASK A : Provide a table that presents a brief description and key references of concepts and Tools with respect to ‘strategic purpose’. Answer: Tables that present a brief description and key references of concepts and tools with respect to ‘strategic purpose’. Expressions of Strategic Purpose Description Answers the question/s Vision Mission Objectives
Premium Stakeholder Business ethics Social responsibility
a view on how to approach the CEO‚ directors and managers of a potential defective product. It will provide insight on the process of identifying the product‚ potential recall and the responsibility to notify the consumer. A Corporations Social Responsibility to Stakeholders Introduction One of the many things a manufacturing company has to worry about is producing defective products. If a company has produced defective products‚ it is in their best interest
Premium Management Consumer Product Safety Commission Ethics
Ethics and Social Responsibility STR/581 Mr. Welcher Ethics and Social Responsibility The essential principles of an individual or a group are known as ethics. Social responsibility is how a business performs its daily procedures to meet their obligations toward society. Both ethical values and social responsibility serve an important role in the strategic planning process. “Strategic planning is known as an essential preliminary step in the corporate world in which senior management defines
Premium Ethics Morality Philosophy of life
Ethics Paper MGT/498 January 22‚ 2013 Matt Keogh Ethics Paper Ethics is described as the consensually accepted standards of behavior for an occupation‚ a trade‚ or profession (Wheelan & Hunger‚ 2010). This includes the study of values such as the essential equality of all men and women human or natural rights‚ obedience to the law of land‚ concern for health and safety and‚ increasingly‚ also for the natural environment. It is coming to know what it right or wrong in the workplace
Premium Ethics Morality
Learning Essay How Has This Course Shaped My Ethics? Charles Bocage Ethics and Social Responsibility‚ ORG 7045 December 2‚ 2011 Dr. Charles (Chuck) Piazza‚ Ph.D. Learning Essay How Has This Course Shaped My Ethics? As I was sitting in the introduction seminar‚ at the Residential Conference in January‚ 2011 very interested in the subject of Ethics and Social Responsibility. My question I wanted to have answered is: “Why do people treat others in a way they do not want to be treated themselves
Free Ethics Leadership Maslow's hierarchy of needs
in which they operate. Businesses and professionals (e.g. accountants‚ lawyers etc.) are usually held to some ethical standard (code of conduct) and are considered to have an obligation to contribute to the betterment of society. Separate codes of ethics govern their operations which enables them to play by the rules of fair competition. Research has shown that businesses and professionals have not always adhered to the ethical standards they have set for themselves. From the dawn of written history
Premium Ethics Business ethics
Ethics and Social Responsibility: In Business Ethical behavior and social responsibility are very different‚ but are commonly confused. A standard of moral behavior‚ behavior that is accepted by society as right or wrong that is ethics. Social responsibility is about improving the quality of relations with key stakeholders. Novo Nordisk defines it as putting values into action in the perspective of human
Premium Business ethics Ethics Applied ethics