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  • Essay / The roles of ethics and social responsibilities

    IntroductionThis reflection highlights the roles of ethics and social responsibilities when developing a strategic plan and the importance of stakeholders during this process. Integrating the roles discussed will allow a strategic plan to operate successfully. Finally, a personal perspective on ethics will be shared. In general, ethics and social responsibilities play a role in enabling a business to operate efficiently, generate an honest profit, maximize social benefits, increase public trust, strengthen relationships with stakeholders . , provide an effective framework for conducting business, adding value to the company's image, etc. The General Roles of Ethics To begin, developing, implementing and enforcing company-wide policies will increase awareness of individual expectations. Likewise, training opportunities should be provided to employees to enable them to learn and understand the rationale for each policy. Most importantly, it ensures accountability and demonstrates how a business should operate 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 is morality, theories, or a system for dealing with the notion of right and wrong, which includes anticipated moral duties and obligations (Ethics, 2011). For example, character, professionalism, honorable character, reliability, etc. are ways of generalizing the meaning of ethics. The Legal Roles of Ethics In this changing world, the alarming concern is that ethics is a combination of preferences, and ethical standards may vary from one company to another. -to businesses, which can cause dilemmas. On the other hand, ...... middle of paper ...... in pieces. It damaged the culture, reduced morale, called into question everyone's honesty, and attracted bad publicity that will haunt us for years. Therefore, I have chosen the path that will give me a better chance of having confidence in the decisions I make at all times. Additionally, my education at the University of Phoenix elevated my integrity. Conclusion Therefore, if properly tailored, ethics can foster public trust and strengthen relationships with its current and future stakeholders. As the business world evolves and remains under constant scrutiny, it is beneficial to implement ethics and social responsibilities into a strategic plan. This implementation will develop an effective framework. To end this, by addressing the items outlined, we will bridge the gap between the strategic plan and stakeholder expectations where possible..