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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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clear directions on what to do in a situation that require ethical consideration,
most of the organizations have opted to create a policy signed by every
employment.
In contemporary society the work ethic has changed to some extent. In a
strategic perspective, as Mintzberg et al. (2003) points out, some kind of
preparedness is better than waiting for possible dramatic ethical conflicts to
happen. Most of the organizations use codes of conduct to summarize the
regulatory requirements and business practices that must guide the decision-
making process and business activities. This also helps employees make good,
informed business decisions and to act with integrity at all times.
Business ethics requires of commercial personnel the capacity to co-operate and
to abide by common rules, even if an agent could gain a temporary advantage
by a breach of them. It does not require the suspension of the profit motive, or
any other of the self-interested mainsprings of human action, but it does insist
that business agents follow those conventional rules and practice that are
essential for the long-run advantage of all.
Personal Ethical Perspective
From Williams Institute Ethics Awareness Inventory assessments, result of my
ethical perspective is classified as “Result”, that suggests that I work most
effectively in an organization committed to individual trust and empowerment. I
would like to work in an organization demonstrating integration of ethics and
performance integrity. Moral conflict between individual beliefs and the
organizational values can lead to frustration, cynicism, and early burnout
(University of Phoenix, 2011). I understand there is strong correlation between
employee’s performance and corporate success.
During the course of MBA program my ethical values and beliefs have changed
significantly. The course has provided more insight into the impact and depth of
the actions of a manager or an employee can have on other in the team, and the
organization as a whole. To be successful within the organization it is very
important that employee’s beliefs must be aligned with the values of the
organization. Knowing one’s own values and beliefs helps an employee,
especially in managerial and executive positions, to put in a conscious effort to
align the two. When the values cannot work together that give a less than
satisfying work environment which in turn would result in reduced productivity.
Conclusion

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Unethical behavior always destroys the reputation of a company and could
cause to high employee turnover. Those types of companies often sink
eventually as investors flee from such companies. Taking consideration of
corporate social responsibility and ethics at workplace during strategic planning
is important to the longevity of a company. Multiple scandals have occurred and
damage the investors’ confidence. Significant effort and reforms are in place
including Sarbanes-Oxley Act to improve corporate governance and reduce
fraudulent activity. However, policies and legislation can keep some fraudulent
acts under check, but that does not reduce the importance of strong business
ethics at workplace.
References
Mendonca, M. (2001). Preparing for ethical leadership in
organizations. Canadian Journal of Administrative Sciences, 18(4), 266-276.
Retrieved May 27, 2011, from ABI/INFORM Global. (Document
ID: 109746615).
Mintzberg, H., Lampel, J., Quinn, J.B., & Ghoshal, S. (2003). The Strategy
Process Concepts Contexts Cases (4th ed.). Upper Saddle River, NJ: Pearson-
Prentice Hall.

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