The Roles of Ethics and Social Responsibilities

Introduction

This reflection highlights the roles of ethics and social responsibilities when developing a strategic plan and the importance of stakeholders during this process. Incorporating the discussed roles will allow a strategic plan to function successfully. Finally, a personal perspective toward ethics will be shared.

In general, ethics and social responsibilities plays a role by allowing a business to operate effectively, generate an honest profit, maximize social benefits, increase the confidence of the public, strengthen the relationship with stakeholders, provide an effective framework for conducting business, add value to the business image, etc.

The General Roles of Ethics

To begin, developing, implementing, and enforcing policies company-wide will increase the awareness of individual expectations. By the same token, educational opportunities should be available for employees to engage in learning and understanding the rationale for each policy. Even more important, this provides accountability and demonstrates how a business should function as a cohesive unit.

Ethics provides a framework for recognizing unethical actions. It is important to understand that in some cases, unethical actions are not always illegal. Ethics are morals, theories or a system for dealing with the concept of good and bad, which includes the anticipated moral duties and obligations (Ethics, 2011). For example, character, professionalism, creditable, trustworthy, etc. are ways to generalize the meaning of ethics.

The Legal Roles of Ethics

In this evolving world, the alarming concern is that ethics is a combination of preferences, plus ethical standards can vary from business-to-business, which can cause dilemmas. On the other hand, ...

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...nto pieces. It damaged the culture, reduced the moral, questioned everyone’s honesty, and attracted bad publicity that will hunt us for years. Therefore, I have chosen to the path that will give me a better chance of being confident in the decisions I make at any given time. In addition, my education at University of Phoenix has elevated my integrity.

Conclusion

Therefore, if tailored properly, ethics can foster the confidence of the public and strengthens the relationship with its current and future stakeholders. As the business world is evolving and remains under constant scrutiny, it is beneficial to implement ethics and social responsibilities in a strategic plan. This implementation will develop an effective framework. To end this, by addressing the stated components will bridge the gap between the strategic plan and stakeholder expectations when possible.