Ethics and Social Responsibility

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timer Asked: Apr 28th, 2018
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Question Description

Purpose of Assignment

This assignment is designed to identify how decisions impact a business. Corporations have an obligation to be ethical at all times. For this assignment; the student will identify potential ethical implications surrounding a business decision, and how this may impact the decision-making process. In addition the concept of corporate social responsibility will be explored based on ethical decision-making in an organization.

Assignment Steps

Identify a business in your local community. This can be your current place of employment or a business with which you are familiar.

Develop a 500-word examination of the ethics and social responsibility practices within the organization in the form of a business letter. This business letter is written from you to the Head of Business Ethics of XYZ Corporation. Use standard business letter formatting including a send to and return address, date, subject line, greeting, body of the letter and closing.

Include the following in your examination:

  • Select a business decision related to business ethics within the organization.
  • Identify the potential ethical implications associated with this decision.
  • Determine the effect of ethics as it relates to critical thinking on the decision making process.
  • Evaluate the influence of business ethics on corporate social responsibility.
  • Identify how the organization's decision impacts its corporate social responsibility.

Note:

Under the Library Tab, go to The Center for Writing Excellence, Select Tutorials and Guides and under Samples you will see examples of papers, business memo, letters, etc. which are in APA style.

Research by the use of one source to support your writing (direct quote, paraphrase or summary).

Format the assignment consistent with APA guidelines applicable to business letters.

Unformatted Attachment Preview

Running head: ETHICS AND SOCIAL RESPONSIBILITY Ethics and Social Responsibility Tamiko Savoy MGT/498 Debra Grisamer March 5, 2018 1 2 The Role of Ethics and Social Responsibility in Strategic Planning Ethics refers to the fundamental moral principles of an individual or organization that guides that particular organization or individual’s conduct in business. On the other hand, social responsibility refers to the manner an organization performs its activities with the aim of meeting its broader obligations toward the society and environment (Dyer et al, 2016). Ethics and social responsibility guides the undertakings of an organization and informs its decision of not performing unethical or socially wrong practices. Additionally, strategic planning directs an organization’s management to set its priorities in tune with the organization’s objectives. Strategic planning leads to strengthened and focused business operations aimed towards achieving similar objectives and goals. In strategic planning, an organization must factor in the probable impact of a particular decision on various stakeholders. Strategic decision-making should be cognizance of the social responsibility of the organization to its stakeholders. An organization’s stakeholders include any person who is affected by the operations of the organization. An organization that is socially responsible should treat its stakeholders equitably by applying the business principles of equity. Equity seeks to remedy the challenges that equality consideration may bring on board (Montiel, 2008). A socially responsible business must also be considerate to the environmental and social impact of its activities. An organization that does not highly regard environmental pollution risks being a potential danger to the society (Werther et al, 2010). For example, in 2010 BP was held liable by a court in Louisiana as being grossly negligent in the events that led to a massive oil spillage in the Gulf of Mexico. The court was of the considered view that British Petroleum Plc 3 was grossly negligent and its willful misconduct was the primary cause of the discharge of oil from BP's offshore drilling activities. The oil spill, one of the largest in United States of America’s history, led to massive environmental degradation and loss of sea life such as fish and planktons. Therefore, BP’s strategic planning did not include critical aspects of social responsibility such as environmental awareness hence BP extremely deviated from the standard of care and consciously disregarded known risks leading to the massive oil spill. Ethics greatly impact the development of an effective strategic plan. An organization's strategic planning should encompass the principle of transparency, which is a primary element of ethics. An organization should promote honesty and transparency in the organization's dealings leading to better decision-making and sharing of information. Honesty allows the business to assess potential risks and find practical solutions to the organization's weaknesses and challenges. With regards to social responsibility, transparency in an organization’s dealings enhances that organizations credibility towards its external stakeholders. This enhanced credibility gives an organization a good reputation in its particular industry (Montiel, 2008). Ethics and social responsibility ensure that a business engages in its profit-making activities but with due regard to legal and ethical standards. In developing a strategic plan, a business should seek to promote the ethical standards of respect and fairness to all. An organization ought to foster an environment that encourages respect of divergent opinions because it is through constructive comments that intellectual discussions thrive. Divergent opinions make it possible for a business to have different enriched points of view on a particular issue. Besides, respect strengthens strategic planning process by improving the relationship among employees hence better decision-making (Werther et al, 2010). Additionally, the ethical 4 attribute of fairness is crucial especially when strategically planning on the remuneration and terms of service of employees. Preventing ethical violations and encouraging social responsibility can be achieved by having a strong code of ethics that is firmly embraced by the organization’s corporate culture. The code of ethics should not only aim at meeting ethical obligations but also should foster social responsibility and improve relationships with the neighboring communities. When ethical violations occur within an organization, the management should move with haste in taking the appropriate disciplinary action. It is important for an organization to apply a consistent disciplinary code across the organization and eliminate any preferential treatment to employees. This will set the tone for all employees to abide by the organization’s code of ethics. Besides, an organization should develop proactive social responsibility strategies such as being involved in various community-based projects for the benefit if the society (Dyer et al, 2016). 5 References Dyer, Jeffrey H., Godfrey, Paul, Bryce, David (2016). Strategic Management: Concepts and Cases (1st Ed.). Hoboken, NJ: John Wiley & Sons. Montiel, I. (2008). Corporate social responsibility and corporate sustainability: Separate pasts, common futures. Organization & Environment, 21(3), 245-269. Werther Jr, W. B., & Chandler, D. (2010). Strategic corporate social responsibility: Stakeholders in a global environment. Sage publications. MEMORANDUM TO: FROM: DATE: SUBJECT: CC: All Employees Corporate Office November 10, 2015 Recycling and Cost-Saving Initiatives Board of Directors In response to the rising cost of traditional energy sources, as well as our nation’s effort to find more renewable energy, our company will be implementing a number of cost-saving initiatives. These practices will be in effect immediately at all divisions within the organization. The first change you will experience concerns your current method of compensation. Paper checks will no longer be issued through the payroll department. Instead, your paycheck will be deposited directly into your checking account. This initiative is expected to save the company up to $14,500 per year in costs related to payroll processing hours, envelopes, postage, office supplies, printer cartridges, toner, and printer paper. It will also reduce our waste output and decrease our energy footprint while allowing you to access your pay more quickly. Another energy-saving procedure that will go into effect immediately concerns after-hours computer use. The energy.gov website suggests that using the hibernation function can save as much as $30 per year per computer in energy costs (2015). As a result, all desktop computer terminals in every office will be set to enter hibernation mode overnight. IT technicians will be stopping by each workstation during the next 2 weeks to implement these settings on your computer. In addition to these energy- and cost-saving strategies, recycling initiatives will be implemented. Containers for several types of renewable materials will be placed throughout the building. Containers for the following items will be placed in the break rooms, kitchens, and other central gathering areas on each floor. Metals: Metal products include items constructed primarily out of aluminum and tin. Examples include tin cans, aluminum foil, soda cans, and other similar products. Please empty any metal containers before placing them into the appropriate bin. Paper: Paper products include cardboard, newspapers, magazines, appropriate packaging material, junk mail, cartons, envelopes, and small boxes. Larger boxes and/or other over-sized recyclable containers, e.g., computer/printer boxes, should be placed next to the appropriate bin in one of the recycling areas. Plastics: Plastic items include fast-food cartons, some commercial packaging, used notebook sleeves, pop bottles, and other plastic products. Please empty any plastic containers before placing them into the appropriate bin. Recycling and Cost-saving Initiatives Page 2 November 10, 2015 At the end of each day, the cleaning crew will remove these materials and deliver them to a local recycling plant. Thank you very much for your cooperation in helping our company reduce costs and create a more eco-friendly environment. References Energy.gov. (2015) Energy efficient computer use. Retrieved from http://energy.gov/energysaver/articles/energy-efficient-computer-use ...
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Tutor Answer

CASIMIR
School: Cornell University

Here you go. In case of any further inputs, please let me know.All the best!I appreciate working with you!
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Running head: ETHICS AND CORPORATE SOCIAL RESPONSIBILITY

Ethics and Corporate Social Responsibility
Name
Course
Professor
Date

1

ETHICS AND CORPORATE SOCIAL RESPONSIBILITY

2

Ethics and Corporate Social Responsibility
CEO business ethics,
XYZ Limited
P O Box 99578-2478
California
30th April 30, 2018
Johnson Churchill,
Box, 666-106
New York
30th April 2018
Re: business ethical decision making with regards to organizational mission
It is with great concern that I write the following letter to address some moral standards observed
in XYZ limited during my brief stay therein. First of all, business ethics must get ardent attention
on their management and subsequent adherence to propel company actions across the universe.
The ethical decision looked...

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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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