Description
The purpose of this assignment is to help students understand the influence that ethics and social responsibilities have on the strategic planning process.
Assignment Steps
Write a 700-word report in which you address the following:
- Define and 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 identify what types of preventative measures could be taken to avoid this type of situation.
Cite 3 scholarly references, including at least one peer-reviewed reference from the University Library.
Format your paper consistent with APA guidelines.
Explanation & Answer
Attached.
Running head: ethics and social responsibilities
Topic
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Institution
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Ethics and social responsibilities
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Ethics and social responsibilities in strategic planning
Ethics basically means doing the right without going against the society’s customs and
norms. It basically, majors on providing the highest degree of positive impacts on the wellbeing
of the majority. On the other hand, social responsibility is an act in which organizations ensure
that they participate in activities that not hazardous to the general public. These include ensuring
no pollution of the environment, improving the state of the surrounding and giving back to the
society (Paul, 2010).
A strategic plan is a skeleton that aid in the provision of directions and making decisions
on the proper allocation of resources and guide towards achieving the organization's goals.
Hereby, the plan divides the goals into small and realistic ones which are achievable. Ethics and
social responsibilities play key duties in ensuring that the organization maximizes on
development. Hence the key roles are discussed below.
Ethics and social responsibility play a major role in appreciating the society. In the aspect
of thanking the customers and employees among other stakeholders interested in the day to day
activities of the organization. Corporate social responsibility and ethics is a channel of giving
thanks to various parties involved in making the business a success
The scheme emphasizes on the disadvantages and the advantages that are associated with
the strategies and goals.it ensures that plans that may seem harmful to the society are evaded.
Hereby the organization will ensure that goods are provided in the correct quantity and quality
and are harmless to the consumer.
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It makes sure that situations that tend to be risky to the stakeholders are curbed and
moderated. These include the risks that may lead the society to have negative opinions on the
organization. This and CSR ensure that for instance the customers are satisfied by the services
offered and the workers are not mishandled. They also ensure increased interaction with the
customers as well as proper communication.
Once ethics and social responsibilities are observed the company is in a better position to
maximize the sales of high-quality services will attract more customers. The nature of consumers
is that they highly value satisfaction and will be pleased by good services and high-quality goods
they will, therefore, end up sharing information about the company with friends and relatives.
Hence planning becomes easy as the organization becomes popular and serves a larger market.
Finally, there is an important role played whereby all parties associated with the
organization are involved in drafting a scheme. This is through collecting data from the
stakeholders.in this manner, different ideas of different persons are obtained hence easier to draft
a rigid strategic plan, which is more detailed and easy to execute. This will, therefore, make the
company have advantages over the competitors.
Ethics and responsibility are very important aspects of a business. Since they are key
elements in the drafting of a strategic plan whereby goals of an organization are met.it is also
important in terms of the relation of the organization and other stakeholders such as customers
and employees.
An example of an organization passing beyond standard is Maytag. There was a decision
made to transfer production through refrigeration to Mexico from Illinois this was resulting from
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the fact that there would be difficult of expansion in the new location, the wages would also be
minimal as employees are few. This was just an advantage to the shareholders. On the hand
workers and officials from the initial locality became employed finally hence being
disadvantaged.
In order to curb these disadvantageous issues. A strategy which is fully detailed should be
established to be used as a backup in the event of activities that may end up violating the way the
organization relates with its stakeholders such as employees with special emphasis on ethics. The
key requirement is ensuring the enterprise observe ethics an...
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