Running Head-THE ROLE OF ETHICS AND SOCIAL RESPONSIBILITY
The importance of ethics in developing a strategic plan
January 24, 2011
THE IMPORTANCE OF ETHICS IN DEVELOPING A STRATEGIC PLAN
Business ethics are becomingly more effective in the modern world of business, yet ethics and social responsibility are concerns misunderstood today. Organization's when confronted with issues that become more significant as the organization grows have more of an impact on the lives of other people in ways management can only imagine. Ethics can be a personal topic, containing an important role in the success of the business and the social responsibility will surely maintain integrity and honesty for the organizations future. In regard to the role of ethics a social responsibility in developing a strategic plan, there will be discussion and consideration with the part of stakeholder's needs and agendas.
ETHICS AND SOCIAL RESPONSIBILITY
Ethics is an important subject, people may refer to as the, 'golden rule' and in business ethics can guidelines imposed by law. Ethics can be best understood as, "the rules of conduct recognized in respect to a particular class of human actions or a particular group, culture, etc" (Dictionary.com, 2011). In regard to business ethics, "ethics that refer to the moral rules and regulations governing the business world" (LoveToKnow, 2010) as a whole cannot tackle every circumstances in which ethical dilemmas may arise.
The importances of decision making not only helps it function properly but also can define the reputation of the organization. Decision making should not be unethical to meet such requirements, "ethical responsibilities of an organization's management are to follow the generally held beliefs about behavior in society" (Wheelen & Hunger, p. 58).
When an organization's values and ethics support its strategy, it is courtesy to stakeholders and the community to