Ethics and Social Responsibility
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 the organization’s strategy, direction and decision-making” (Abdullah, 2013).
It is very important that each management team in each company guarantee that strategic decisions are reached after taking into account the impact that the decisions have on their stakeholders. Stakeholders in a company are considered the suppliers, customers, and/or any and every one that is involved in the daily procedures of the business. Abdullah identifies five critical facts of ethics and social responsibility in strategic planning, social responsibility to the stakeholders, transparency, independence, respect, fairness and truthfulness.
Explain how your ethical perspective has evolved throughout the program
The ethical perspective of an individual has a profound effect on how he or she lives their life. Over the past year and half I have gained more knowledge on how things are supposed to be done and how to handle difficult situations both at work and in my personal life. When it would have been so much easier for me to avoid a situation or not say anything at all, instead I voice my concerns and opinions on certain topics. I handle situations that involved unethical acts based off the previous literature received and also found the appropriate tools to help address these issues. Ethics are the moral values, beliefs, and rules that one establishes to deal with others, economic or social issues, laws, their priorities, and their own self-interest (Weiss, 2006). Most people do this
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 the organization’s strategy, direction and decision-making” (Abdullah, 2013).
It is very important that each management team in each company guarantee that strategic decisions are reached after taking into account the impact that the decisions have on their stakeholders. Stakeholders in a company are considered the suppliers, customers, and/or any and every one that is involved in the daily procedures of the business. Abdullah identifies five critical facts of ethics and social responsibility in strategic planning, social responsibility to the stakeholders, transparency, independence, respect, fairness and truthfulness.
Explain how your ethical perspective has evolved throughout the program
The ethical perspective of an individual has a profound effect on how he or she lives their life. Over the past year and half I have gained more knowledge on how things are supposed to be done and how to handle difficult situations both at work and in my personal life. When it would have been so much easier for me to avoid a situation or not say anything at all, instead I voice my concerns and opinions on certain topics. I handle situations that involved unethical acts based off the previous literature received and also found the appropriate tools to help address these issues. Ethics are the moral values, beliefs, and rules that one establishes to deal with others, economic or social issues, laws, their priorities, and their own self-interest (Weiss, 2006). Most people do this