Ethics and Corporate Strategy

Topics: Ethics, Business ethics, Strategic management Pages: 4 (1102 words) Published: March 23, 2014

Ethics and Corporate Strategy
Strategy 581
March 6, 2014

Ethics and Corporate Strategy
Ethics is an integral factor in the decision making process for all people and will have a profound effect on how people are recognized, respected, or shunned (Ethics guide, 2014, p.1). Large corporations, small businesses, and family owned businesses have a social responsibility to do no harm (Low & Ang, 2012, pg. 33). Today decisions made by leadership has a profound effect on the outcome of tomorrow. Sound decisions must support corporate goals and “avoid deliberate acts of malfeasance to accomplish their goals” (Carpenter & Sanders, 2009, pg. 60). The leadership must have an unburdened, systematic, and consistent processes that support the company's ability to make a profit. Leadership and Responsible Agency

Leadership and business leaders rely on society functioning as a moral system in their daily actions and must strive to integrate business sensitivity with business competence. Moral leadership is not exclusively driven by society or economic factors of the business, but by legalities and normative principles of the society (Becker, 2007, pg. 50-52). Ethics can be viewed as a long term business asset but according to Habermas this is not the only motivating reason if so then ethics would be "instrumentalized" and reduced to a function of success (Habermans, 2001). The argument that ethics will increase the bottom line is attractive and enticing, but the bottom line is leadership must make money in order to stay in business (Becker, 2007, pg. 52). "Obviously, coincidence of ethics, good business, and reasons for behaving ethically are two quite different concerns" (Becker, 2007, pg. 51). Additionally leaders are motivated to have individual gain and make as much money as possible while avoiding costs. Leadership requires subordinates to be obedient for a greater profit while avoiding compromising the subordinate’s dignity for a financial gain...

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Becker, G. K. (2007). The Competitive Edge of Moral Leadership. International Management Review, 3(1), 50.
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Carpenter, M., & Sanders, W. G. (2009). Strategic Management: A Dynamic Perspective (2nd ed.). Upper Saddle River, NJ: Prentice Hall.
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Low, P. K., & Ang, S. L. (2012, September 12). Confucian Ethics, Governance and Corporate Social Responsibility. International Journal of Business and Management, 8(4), 30-43.
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