Ethics Reflections Paper

Ethics Reflection Paper            Ethics can be described as a contradiction of moral logic; meaning one can behave ethically out of personal conviction and of moral feeling, not out of sheer strategic calculation of self interest (Mintzberg, Ghoshal, Lampel, & Quinn, 2003, p.295). Ethics are more commonly known as the difference between right and wrong, and basing ones actions on doing the right thing.            Ethics, as defined by the MintzbergGhoshal, Lampel, & Quinn, 2003, is aquestion of values and goals, not of methods. Acting ethically is coming to know the difference between what is right and wrong, and doing the right thing. Social responsibility goes hand-in-hand withethical decision making as social responsibility is the obligation to act in an ethical way. Ethicsand social responsibility are required when developing a strategic plan especially whenconsidering the stakeholders. In this paper, the subject will discuss the role of ethics and socialresponsibility in developing a strategic plan and analyze how my ethical perspective has evolvedthroughout my MBA program.            Stakeholders of a company include those with any interest in the firm such as theshareholders, managers, employees, customers or suppliers. Each has their own duties to besocially responsible. Shareholders responsibility is to make sure there is good return oninvestment. For managers and employees fair pay and good working conditions constitute socialresponsibility. And customers deserve fair prices and good quality products. Conflict may occur  between shareholders and stakeholders which is where proper ethical decisions need to be made.Some companies establish ethical committees to ³establish some kind of routine for probing intothe general ethical climate of the firm´ (Mintzberg,Ghoshal, Lampel,& Quinn, 2003, p.299).Codes of conduct are also used to establish in what manner to act. Ethics needs to be integratedinto a company¶s mission statement, value statement and strategic...