Ethics Reflection

Topics: Management, Business ethics, Social responsibility Pages: 3 (906 words) Published: June 15, 2010
Running Head: ETHICS REFLECTION PAPER

Ethics Reflection Paper

STR - 581, Week 1 Assignment

University of Phoenix
Abstract
Elements of ethics and social responsibilities while deciding on the strategic planning. “They are supposed to respect the environment, pursue fairness in dealing with internal and external customers, and strive to improve their communities” (Romani, 1998). Many businesses operate unethically, but it has adverse effect on the customers. So companies must recognize the value of ethics and social responsibility and enforce the standards The Role of Ethics and Social Responsibility in Strategic Planning Keeping in mind the goal of maximizing stakeholder wealth, companies should develop the strategic plans, which can help to move the business forward. “Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people” (Wikipedia). 1. Assess and monitor employee behavior and decisions, and

2. Maintain on-going proactive integrity continuity management” (Valentino, 2007). Keeping in mind the goal of maximizing stakeholder wealth, companies should develop the strategic plans, which can help to move the business forward. “Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people” (Wikipedia). Keeping in mind the goal of maximizing stakeholder wealth, companies should develop the strategic plans, which can help to move the business forward. “Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people” (Wikipedia). Keeping in mind the goal of maximizing stakeholder wealth, companies should develop the strategic...

References: Ethical business behavior. Paul N. Romani.
Valentino, B. (2007, September 3). MBA Toolkit For CSR: Strategic Planning And Corporate Social Responsibility... Retrieved from http://www.chinacsr.com/en/2007/09/03/1652-mba-toolkit-for-csr-strategic-planning-and-corporate-social-responsibility/
Andre, C. & Velesquez, M. (1987). What is Ethics? Issues in Ethics, 1, Fall 1987. Retrieved from http://www.scu.edu/ethics/publications/iie/v1n1/whatis.html
McWilliams A. & Siegel D. (2001). Corporate Social Responsibility: A Theory Of The Firm Perspective. Academy of Management Review 26 (1): 117-127. Retrieved from http://www.jstor.org/pss/259398
Kanter R. M. (1999, December 14). From Spare Change to Real Change. Harvard Business Review 77 (3), 122-132. Retrieved from http://hbswk.hbs.edu/item/2974.html
Jones, A. (2004). Making Sense of Corporate Social Responsibility. Grassroots Development. Retrieved from http://www.iaf.gov/grants/downloads/csr_eng.pdf.pdf
http://en.wikipedia.org/wiki/Strategic_planning
http://en.wikipedia.org/wiki/Stakeholder
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