Ethics Reflection Paper
Ethics Reflection Paper
In the modern business world, organizations need to take a moral and ethical commitment into consideration while meeting stakeholder’s needs. There have been previous cases where companies have victimized their stakeholders due to unscrupulous and unethical behavior of the people in power. Some of the most referenced examples include World Com and Enron. The company directors ignored their moral and ethical values, and they engaged in fraudulent actions that led to the collapse of the companies, negatively affecting the company’s stakeholders. Ethical standards and values are necessary, as the external and internal stakeholders will evaluate the organization based on its reputation and its moral standards (Witcher, 2014). Every organization needs to have a strategic plan that contains stakeholder’s interests and its commitment to adhering to moral and ethical standards.
The Role of Ethics and Social Responsibility in Developing a Strategic Plan, Considering Stakeholder Needs
Ethics and social responsibilities play a significant role in the development of a company’s strategic plan. The company can demonstrate its responsibility to the needs of its stakeholder by including an ethical business practice commitment in the strategic plan (Gamble, 2014). In most cases, business will state their commitment in the company’s mission statement. The mission statement provides the values and standards that are used in the development of a strategic plan. The mission statement also communicates the expectation of an organization and its duties and rights to its stakeholders. The mission statements together with the business policies ensure that employee adhere to high moral and ethical standards. They enable the employees to make ethics and moral priority.
Social responsibility also plays a significant role in the strategic plan of an organization and its decision-making processes. Social responsibility represents an ethical framework that suggests that an organization has the obligation to operate and act in the way that benefits the stakeholders and the society. When the social responsibility is used in the development of a strategic plan, it indicates that the organization has the duty to perform acts that support the balance between economy and the environment (Gamble, 2014). Considering stakeholders needs, social responsibility has a significant role in the development of s strategic plan.
Developing a strategic plan that has ethical and social responsibility procedures will help avoid the prior cases of companies such as WorldCom and Enron. Organizations should hire employees who follow the ethical guidelines of the organization. This may involve through screening f employee during recruitment and selection processes.
How my ethical perspective has evolved throughout the MBA program
During my MBA program, my moral perspective has changed significantly. I am currently making significant contributions at my place of work regrind moral and ethical practices in the organization. I motivate my colleagues to adhere to the values and ethics that are stated in our company’s mission statement. It leads to the right relationships in the workplace where the conflict that arise are resolved in an ethical manner. I am an advocate for moral behavior in the workplace, and I am proud of the good relations that have led to a productive workforce.
During my ongoing learning, I have been able to gain valuable experience when working with my colleagues. Working together as an individual and as a team I have been able to learn a lot about the importance of ethical values. Interacting with other people requires one to have morals for the relationship to be successful. I have learned how to listen to other and to accept when being corrected. The learning experience has been helpful in my work relationship. I am looking forward to being an ethical decision maker in my future role in a management position.
An organization’s strategic plan should consider the needs of the company’s stakeholders. The management should use it as a tool to establish the company’s ethical values as well as social responsibility commitment. The organization should also make sure that its personnel are committed towards the establishment ethical standards and moral values. Social responsibility should represent an ethical framework suggesting that the organization has the obligation to operate and act in a way that benefits all the stakeholders. My learning experience during the MBA program has influenced by ethical reasoning in a great way. I m an advocate for ethical behavior at my place of work currently. I also look forward to being an ethical decision maker in my future role in a management position.
Gamble, J. E., & Thompson Jr, A. A. (2014). Essentials of strategic management. Irwin Mcgraw-Hill.
Witcher, B. J., & Chau, V. S. (2014). Strategic management: principles and practice. Cengage Learning.
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