Submitted by: Submitted by BigRed4life1
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Category: Business and Industry
Date Submitted: 10/19/2011 08:37 PM
Ethics Paper
Angelique Prickett
MGT/498
October 12, 2011
Silburn Pitter
Ethics Paper
Ethics, defined by dictionary.com is “that branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions” (“Ethics“, 2010, p. 1). When preparing to run a business, ethics are needed to keeping the business running smoothly. It is important to keep ethics in mind when creating a business plan. When making the business plan social responsibility needs to be considered, this will help keep business and employees needs clear and up front. Companies need to keep ethics and social responsibility in mind to keep from having acts of unethical behavior as some companies in the past have done.
Ethics
In order to perform to company standards employees as well as managers should follow the business ethics of that company. When developing a plan, companies should put the most important values and beliefs in the plan to keep employees making the most ethical decisions. A company should develop a mission and vision to help the employees understand what is expected of them. The statements can be used as a starting point for helping set goals and make plans without being unethical.
Social Responsibility
Like ethical behavior, “social responsibility is a critical consideration for a company’s strategic decision makers…” (Pearson & Robinson, 2004, p. 23). Owners must make certain to employ managers who follow company policy and are an ethical example, rather than managers who will only protect themselves. To help the company be profitable and survive, decisions made by these managers must match the vision and mission of the business owner and company stakeholders. Bonuses, incentives, quarterly appraisals, and recognition programs can be put into place to better encourage managers to be ethical. When a manager receives these benefits...