The Role of Ethics Essay

Submitted By jpitts76
Words: 1230
Pages: 5
Open Document
The Role Of Ethics
Jauwanna Pitts
STR 581
April 8, 2013
Robert J. Mascarenas

The Role Of Ethics Ethics is defined as a moral philosophy or code of morals practiced by a person or group of people (Merriam-Webster, 2013). Ethical considerations for a company’s stakeholders must be accounted for when creating a strategic plan. The following paragraphs will focus on the role ethics plays in creating a strategic plan and how those ethical considerations affect the company’s stakeholders. In addition, an analysis of how my own ethical considerations have changed in the course of taking the MBA program will also be discussed.
Role of Ethics

Core values and expectations the company has for its employees should be outlined in a company’s strategic plan. The ethical standards set forth in the strategic plan should embody the beliefs its upper management and customers hold dear. This is done by developing a well thought out and written mission and vision statement. These statements will define where the company plans to go and how it plans on achieving those goals. A company’s strategic decision makers must ensure that the mission statement express how the company intends to contribute to the societies that sustain it. Central to the idea that companies should be operated in socially responsible ways is the belief that managers will behave in an ethical manner (Pearce, J., & Robinson, R. B. (2011). Managers must also recognize the rights of others who are or can be affected by decisions and beliefs of an organization. Groups that are outside of stakeholders and employees are customers, suppliers, governments, unions, competitors, and local communities. A well thought out written mission and vision statement should take a great deal of thought, planning and input before launching. These statements will define where the company plans to go and how it plans on achieving those goals. The statements keep ethical considerations at the center and can be utilized in goal-setting and strategic planning (Pearce, J., & Robinson, R. B. (2011).

Social Responsibility

Managers should consider four types of social responsibility; economic, legal, ethical and

discretionary. Economic responsibility requires managers to maximize profits whenever

possible. Corporations should also be committed to providing goods and services to society at a

reasonable cost. Organizations have a legal responsibility to make sure that the businesses and

their employees comply fully with the general civil and criminal laws that apply to all

individuals and institutions in the country.

Ethical responsibilities reflect the company’s notion of right and proper business behavior. Ethical responsibilities are obligations that transcend legal requirements. Firms are expected, but not required, to behave ethically. Discretionary responsibilities are those that are voluntarily assumed by a business organization. Companies that adopt the good citizenship approach actively support ongoing charities, public service advertising campaigns, or issues in the public interest. A commitment to full corporate responsibility requires strategic managers to attack social problems with the same zeal in which they attack business problems (Pearce, J., & Robinson, R. B. (2011).

My Ethical Perspective Evolution

The results of my ethics awareness inventory and ethical choices in the workplace assessments were very surprising. My scores for the ethics awareness showed that my thoughts are that of obligation. The core beliefs under obligation are commitment to duty , primacy of universal principles of right and wrong, reliability, dignity, personal fortitude, rational thought, respect for individual decision making ,equal respect for others and excellence in principles and duty (Pearce, J., & Robinson, R. B. (2011). I agree with most of the results but I thought my thought process fell under ethical more so equity. I scored low on equity. I have
Show More

Related Documents: The Role of Ethics Essay

Social Work Role In The Nasw Code Of Ethics

During our weekly supervision meetings, we have discussed the social work's role and how the values in the NASW code of Ethics, social justice, human dignity, and worth align with those of my agency. I promote social justice by ensuring clients are not only aware of the resources available in our community but that they have access to those resources as well. Of equal importance is making sure I don't infringe on clients' rights by pressuring them into doing something they don't wish to do, such…

Words 110 - Pages 1

The Role Of Responsibility-Based Ethics In Nursing

Lachman (2012) state that responsibility- based ethics in nursing starts with the relationship between the nurse and patient, ethical care is a habit nurses develop in which they ask themselves how best to meet the needs of their patient (p. 112). The clinical judgements we make and the advocacy we portray in our effort to improve our patient’s well-being reflects our ethical- based care. Our motivation and determination is evidenced by our commitment to work in the profession, while also staying…

Words 294 - Pages 2

The Role Of Happiness In Aristotle's Nicomachean Ethics

happiness is seen as good so would murder be considered good if it brought someone happiness? Instead do we view the happiness of the whole over the individual or does being happy have to be within the bounds of the law. In Aristotle’s Nicomachean Ethics Book 1 he believes anything that performs its function well is considered good. Aristotle treats happiness as an activity instead of a state. This is why he believes that something that performs its function well is good, since it has an activity…

Words 464 - Pages 2

What Role Does Ethics Play In Business Today

a. Dealing with upset/frustrated customers is never enjoyable. Not everyone is happy with everything, so it is my job to deal with these certain problems and try and change the customers mood. 5. What role does ethics play in business today? a. In today’s society, I believe ethics are starting to slip away from the scene in business. For instance I think a lot of people try and force and possibly lie to get a sale. We like to assure the customer and make them feel comfortable and not…

Words 654 - Pages 3

Ethics Reflection Paper

Ethics Reflection Paper Lourdes Munoz STR/581 Strategic Planning & Implementation September 2nd, 2010 Gary Solomon Abstract Ethics and Social responsibility resides in an important set of our own personal values. When it comes to Business matter and operation the customer must feel confidence and this has been taken for granted several times on recent corporate scandals and collapses, a perfect example of missed conducted ethic and responsibility is Enron. Is extremely important for companies…

Words 1102 - Pages 5

Ethics Paper

Ethics name University of Phoenix professor Date Ethics When companies take the role of being responsible for taking into consideration their consumers and develop a product that will be used or consumed in such a way that does not violate a certain code of ethics. Companies have a social responsibility to their consumers and value their wellbeing. That is especially important while incorporating that into the businesses strategic plan. The confidence of the consumer has been compromised…

Words 396 - Pages 2

module 1 Essay

1- Philosophical ethics is a branch of philosophy, which involves the systematic defense and recommendation of concepts regarding that, which is right or wrong. Philosophical ethics often address issues that pertain to the moral conduct of individuals within a given group or profession. Ethics and aesthetics are contained in the axiology branch of philosophy. Philosophical ethics aid in the establishment of the best manner in which humans should live and the type of actions that are deemed right…

Words 2251 - Pages 10

Ethics In Psychology Essay

Ethics in Psychology The field of psychology plays an instrumental role in the society. It helps individuals overcome emotional, social and mental challenges in life. However, despite the area playing an instrumental role in the society, failure to observe ethics can result in the treatment offered by psychologist inefficient. Waring, Bore and Munro (2003) argue that from the start meeting to the last treatment process, ethics play a central role in psychological therapies. Various ethical concerns…

Words 701 - Pages 3

Professional Ethics In The Military

Understanding the meaning of ethics in the Army and how professional ethics guide an individual’s actions as well as an industry standard, educators in the classroom can see how an ethically sound environment is important to encourage positive learning. Since the infant stages of the Continental Army, ethics has played a pivotal role in all aspects of military operations from top-level strategic planning down to daily activities. Today, the Center for the Army Profession and Ethic (CAPE) exists to highlight…

Words 714 - Pages 3

Essay on Case Study 03 Ethics In Business

Business 501 Managerial Accounting Case Study 03 Ethics in Business Kajli Agrawal The principles and values that define an individual’s activities and decisions are known as ethics. It is hence important for any organization to set a code of ethics that would drive the organization in its policies, decisions and programs. The definition of Ethical code of an organization can play a pivotal role to the reputation, productivity, culture and the entire business. The ethical code with which…

Words 1254 - Pages 6