WK 2 - Individual Assignment - Running head: ETHICS AND...

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Running head: ETHICS AND RESPONSIBLITIES 1 Ethics and Responsibilities Katie Williams MGT/498 - Strategic Management December 12, 2011 Dr. Tug Gokaydin
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ETHICS AND RESPONSIBLITIES 2 Abstract As part of Strategic Management course MGT498, students are required to write a paper explaining the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas. In this paper students need to include an example for a company which oversteps ethical boundaries for stakeholder agendas. Students must also define the types of preventative measure that could be taken to avoid this type of situation.
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ETHICS AND RESPONSIBLITIES 3 Ethics and Responsibilities Society in general expects people in today’s business environments to act and behave in a respectable way at all times. The way people behave in a business setting reflects on the business. If the employees of a business do not act in a professional manner while working there they will receive a negative image from the public. This bad image could cause the company to lose money. Stakeholders expect companies they invest in to have a high standing social responsibility at all times, so they will in turn receive a good social standing as well. Most companies realize that ethical and social responsibilities are essential to the success of their strategic plans. However, when a company looks at social responsibility and ethics they must realize that this part of their strategic plan should be wrote in before any financial information. This is because when the company upholds these social and ethical responsibilities they will
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This note was uploaded on 04/03/2012 for the course BUSINESS M MGT 498 taught by Professor Tugtekingokaydin during the Spring '12 term at University of Phoenix.

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WK 2 - Individual Assignment - Running head: ETHICS AND...

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