components a company must use strategy well developed planning both long and

Components a company must use strategy well developed

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components, a company must use strategy, well-developed planning (both long- and short-term planning), procedures, and key actions depending on the market and current propaganda (Scott, Jaffe, & Tobe, 1993). Business ethics examine how the organization behaves toward potential stakeholders, current and potential business partners, and the community it serves, as well as the global community where it operates. Module One introduces students to foundations of business ethics from an issues-management approach and within a changing business environment. The study of business ethics holds a framework for classifying ethical issues and levels based on the core values, beliefs, transactions, and interests of both the individual and of the organization. This framework also includes modes of formal and transactional conduct, including daily and strategic decisions in the organization, which impact behavior and transactions. Organizational leaders often face ethical dilemmas concerning right and wrong where values are in conflict and the organization is at risk. Business ethics shape behavior to right, truthful, and accepted standards (Gallos, 2008). Stakeholder theory and business ethics management are concerned with the nonfinancial and financial aspects of business behavior, policies, and actions.
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