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Unformatted text preview: tr ategic M anagement M c G r e w | 2 The Ethics of Strategic Management Business ethics plays a big part in corporate social responsibility. It is imperative that every organization adopts a code of ethics policy. There is a necessity for an organization to state the expected behavior of all the workers. By adopting a code of ethics, an organization is promoting honest and ethical behavior, compliance with applicable government laws, rules, and regulations, increasing social responsibility, and improving management and corporate culture. (Rodriguez-Domingues, Gallego-Alvarez, & Garcia-Sanchez, 2009) Do business ethics play a role in a company’s mission statement? The answer is yes, because a mission statement is usually a statement of the company’s purpose. It describes what they hope to achieve and how they hope to achieve the goals. For example, if a company says, “integrity, honesty, and communication is important,” then at some point lack of all three results in scandalous acts. Somewhere along the line, someone or several people disregarded ethics and...
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This note was uploaded on 03/11/2011 for the course BUSINESS F 343 taught by Professor Prof.bell during the Fall '10 term at Franklin.
- Fall '10