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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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