Crib Sheet: Business Ethics

ETHICS PAPER

Crib Sheet
Ethics Paper
Write at least a 1000 word paper in which you do the following:
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 what types of preventative measures could be taken to avoid this kind of situation.
Format your paper consistent with APA guidelines.

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Ethics
The role of ethics and social responsibility become paramount in developing a strategic plan. Considering the stakeholder 's needs and agendas are important too; however, the organizations social responsibility
When big changes happen within an organization, ethical behavior becomes an issue for some people, and the organization must develop a strategic plan to protect its shareholders. Even though an organization 's primary goal is to increase profits for shareholders, behavior of that company is looked upon by the public. The role of ethics plays an enormous part in social responsibility. Social responsibility is the way an organization gives back to its community. There are many ways an organization could be socially responsible, whether it 's donating time or money. Since the shareholders can vote on strategic plans, a stakeholder analysis would be beneficial when considering his or her needs and agendas. A stakeholder 's analysis identifies the impact a particular stakeholder has in the business, and whether he or she should be involved in that strategic decision (Wheelen & Hunger, 2010). The importance of ethics and social responsibility in developing a strategic plan are to be prepared for any conflicts that can occur in the
This is because each person 's "moral compass" is different, and there is not a worldwide set of ethical standards (Wheelen & Hunger, 2010). What may be ethical to one person may raise questions for another. There are many ways to prevent unethical behavior. Three examples that would be beneficial in the case of McDonalds are creating a code of ethics, ethics training, and upper management leading by example. The code of ethics is useful to McDonalds because it is a complete explanation of what is expected from all employees, and how he or she should behave. This is an effective way to promote ethical behavior, and could prevent certain problems in the future (Wheelen & Hunger, 2010). Ethics training in an organization such as McDonalds’s would be an excellent preventative measure because it is an unbiased third party coming in to teach correct behavior. This ethics training is beneficial to McDonald’s because some of the senior management may be used to their unfair ways, and this will allow them to change. The third way to prevent unethical behavior is for the upper management to lead by example. Some employees that are not in management are unhappy with his and her circumstances, and they will look to his or her leaders for guidance. This is an excellent way to teach others how to act internally. There is such an uneven amount of power at McDonald’s that if a team environment was