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STR 581 Week 1 Individual Assignment Ethics Reflection Paper

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STR 581 Week 1 Individual Assignment Ethics
Reflection Paper
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 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.

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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).

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