Ethics

Ethics Reflection Paper

Ethics Reflection Paper

In this paper the subject to analyze is the function of ethics and social responsibility, how each applies in developing strategic plan, considering stakeholders requirements. It will also explain how the writer ethical viewpoint has evolved all through the program.

Role of Ethics and Social Responsibility in Strategic Planning

Ethics are the belief and moral rules that vary from an individual to another individual.

Ethical philosophy if deliberated rigorously throughout strategic plan can lead into remarkable results. Ethics and social responsibility play a critical role in developing a strategic plan. Values, standards, norms, and rules to accomplish an accurate avenue in attaining strategic objectives are based on ethics. Social accountability is associated to the social norms and policy that if measured through the strategic planning, can outline the foundation of reliability. Ethics participate in an essential role in gathering the diverse requirements of internal and external stakeholders (Sims, 2003). These two key aspects execute a basic role in establishing a workable strategic plan. Ethics and social responsibility support in ensuring an agreement with the special requirements of stakeholders. These are as follows :

• Ethical code of conduct: Ethical codes of conduct acknowledge all through strategic plan help in ensuring right and moral activities. This aid the organization in fulfilling the desires of employees, customers, communities, shareholders, and governmental bodies (Duckworth & Moore, 2010).

• Ethical guidelines: Ethical guidelines correlated to rules, regulation, and norms also take on an important role in actualizing a strategic plan. Activities like environmental examination, strength weakness opportunities and threats (SWOT) analysis, aim market selection, demographic study, and marketplace segmentation are successfully supported if they are derived on ethical strategy....