Ethics and Responsibility in Strategic Planning

Ethics and Responsibility in Strategic Planning
Charles Walker
MGT/498 Strategic Management
celestial latitude 10, 2012
John Hawes

Ethics and Responsibility in Strategic Planning
A strategic plan is the direction the transcription desires for the future. Strategic readying decides the general course and objective of the business. Many factors are to be considered when making a strategic plan including the ethics and tender responsibleness of the composition. An organization mass actually enhance the fiscal position of the organization by being socially and goodly responsible. An organization can deter costly government regulations by being socially ethical and responsible
The concept of social responsibility proposes that a private corporation has responsibilities to society that extend beyond making a profit.(Wheelen, T. L., & Hunger, J. D. (2010). The organization should consider the communities demand before a strategic plan is developed and should circumscribe the best course to meet the communities and stakeholders expectations. Social responsibility, therefore, includes both ethical and discretionary, but non economic and legal, responsibilities.(Wheelen & Hunger (2010)).



An organization by being in good standing in the community where the business operates tends to develop a loyal client base. A loyal customer base trends to adding value to the organization which meets stakeholders expectations
A firm can fulfill its ethical responsibilities by taking actions that society tends to value but has not yet put into law. (Wheelen & Hunger (2010)).The organization can keep government regulations down by becoming socially active or responsible. An example would be Coca- Cola adopting a concept of only allowing diet drinks to be sold to richly school students and water to be sold to middle and bare(a) students. Coca-Cola doing this headed off government regulation which might have been more than stringent and cost the organization more money in lost...If you want to get a full essay, order it on our website: Orderessay



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