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Pages:
2 pages/≈550 words
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2 Sources
Level:
APA
Subject:
Management
Type:
Coursework
Language:
English (U.S.)
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MS Word
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Topic:

The Role Of Ethics And Social Responsibility (Coursework Sample)

Instructions:

Define and 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 identify what types of preventative measures could be taken to avoid this type of situation.

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Content:

Ethics and Social Responsibility

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Define and 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 identify what types of preventative measures could be taken to avoid this type of situation.

Ethics and Social Responsibility

In the case of organizations, ethics relate to the values ​​that are reflected in business culture as the norms and principles, guiding employees' behavior and decision making of the organizations, create their codes of ethics which highlight the core values and ethical principles and expectation how professionals ought to behave, inside and at times outside of the organizations. As part of the ethical principles, corporate social responsibility is the conscious and responsible attitude of the organizations towards common welfare on the society (Haski-leventhal, Roza, Meijs, 2017). As such, social responsibility is a way of doing business that takes into accounts the environmental, social and economic effects of business actions and decisions, while integrating ethical values that affect the business, communities, people and the environment.

Stakeholders have conflicting interests and it is important to have a code of ethics in organizations and strategic planning. This helps to prevent stakeholders seeking their own self-interests and working for the common benefit of the organization. The management then considers the interests of the stakeholders in strategic planning, including the impact of decisions on the internal and external stakeholders, as well as impact at the social level and on the environment (Haski-Leventhal, Roza, Meijs, 2017). The companies

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