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STR 581 Week 1 Individual Ethics Awareness Inventory and Ethical Choices Ethics Reflection Paper

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STR 581 Week 1 Individual Ethics Awareness Inventory and Ethical Choices
Ethics Reflection Paper
Running head: ETHICS REFLECTION
Ethics Reflection
STR/581
Ethics Reflection
In the last decade ethics has taken an important place in corporate America after
some unethical and fraudulent business practices getting uncovered. Few
companies’ such as Tyco, Enron, Arthur Anderson, and WorldCom have made
their name synonymous with corporate fraud. Unethical behavior of top
executives like Bernard Madoff and Martha Stewart can sink the whole
company. This paper will explain the role of ethics and social responsibility
when developing a strategic plan. In this paper I will also discuss how my
ethical responsibility has changed during MBA program.
Ethics in Strategic Planning
Ethical means that which is morally good, and morally right, as opposed to
legally or procedurally right (Mendonca, 2001). Business like most other social
activities presupposes a background of ethics and would be impossible without
it. To be a good business leader it is very important to doing the right things.
Any unethical behavior at workplace can be creates very stressful and
overwhelming environment for employees. For example, if an employee finds
an unethical behavior, which is not necessarily illegal, his or her inner self of
right and wrong could play a role in what he or she does. A good corporation
needs to know what is good and bad not only just now, but also within the
action-relevant future (Mintzberg, Lampel, Quinn, & Ghoshal, 2003). To give

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