We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Ethics - Research Paper Example

The strategic plan defines ethics by defining what the company stands for and what its purposes and values are. In this manner that strategic plan creates a code of conduct which the company can rely upon in its day-to-day dealings with the stakeholders. In this manner ethics ensures that the company pays attention to the stakeholders’ needs and agendas. Social responsibility ensures that the company behaves in a socially responsible manner. Therefore this is an important part of strategic planning. The issues of social responsibility bring to light the conflict between economic benefit and social benefit. By including social responsibility in developing the strategic plan, the company ensures that its resource allocations are balanced between its own economic interests and the social interests at large. This relates to stakeholder needs and agendas inasmuch as the company focuses on addressing the threats and opportunities facing its stakeholders and taking corrective actions accordingly. For example, if any of its products have a harmful impact upon the customers, then the strategic plan should be able to guide the company in how to take corrective measures so that the stakeholders are satisfied and they can trust the company again. This is in the company’s own interests inasmuch as it impacts on the company’s profitability. According to Wheelen & Hunger (2010), the role of ethics and social responsibility in developing a strategic plan is to enable the company to meet the needs and the

Check these samples - they also fit your topic

Business Ethics - Company Scholastic
The company remains focused on providing and encouraging children to read as well as love to learn. Scholastic was founded in the year 1920 by Robinson and in the current fiscal has revenue amounting to $2billion and is recognized as the global leader in children’s brand and has distribution with more than 9500 employees globally
9 pages (2250 words)Research Paper
Professional Ethics Paper
This is where legal and ethical issues interrelate. Consider a physician who has to make decision about a mental patient. If he sends him home, he is giving him the independence to live but is participating in posing risk to the patient and others around him.
3 pages (750 words)Research Paper
Code of Ethics Research Paper
The company has around 57 subsidiaries under its umbrella and combined, they generated revenue of more than 61 billion US dollars in the year 2010. Founded in “1886 by Robert Wood Johnson along with his brothers James Wood Johnson and Edward Mead Johnson, the company has its headquarters in New Brunswick, New Jersey.
6 pages (1500 words)Research Paper
Personal Ethics Development Paper
In the real world people, judge an individual by the ethical conduct displayed by the person. The ethical mannerisms of the person reflect the background in which the person was raised. The essay will discuss in detail personal development of ethics, definition of ethical system, effects of ethics on my performance both at home and at the workplace and the need of ethical integration in an organization.
5 pages (1250 words)Research Paper
Torture and Ethics Paper
Although the torture policy has been authorized at the top government levels, it has remained a controversial issue for a long time because of the claims that it violates the standard of morality in a free society, such as that of America’s. This paper critically analyzes whether or not torture of enemy combatants in the United States is a violation of the standards of morality in the society.
5 pages (1250 words)Research Paper
Ethics Paper
It is important to go through the various issues with regard to these people with mental disability with the idea of understanding how school counselors deal with them. Many parents fail to recognize that academic failure by their children does not always result from laziness but that some of these kids may have a disability which is best counseled by a school counselor.
5 pages (1250 words)Essay
Professional Ethics Paper: Mitch the Farmer
With the changes that are taking place in the labour market in the contemporary world, ethical dilemmas are not alien to the professionals in any organization. Additionally, the present-day farmer faces countless ethical dilemmas in the event of coming up with
8 pages (2000 words)Research Paper
Engineering ethics paper
organism and the insertion of the very genes into another organism referred to as the host, which is usually closely related to the donor in terms of the gene composition. For instance, human protein has been inserted in banana plant so as to come up with edible vaccine for
4 pages (1000 words)Research Paper
Administrative Ethics Paper
In effect, the enforcement steps accentuate the potential risk to the security of private information in the unencrypted laptops that were
5 pages (1250 words)Research Paper
agendas of all the stakeholders while maintaining its own goal of profit maximization. Without them, the strategic plan cannot be sustainable in the long term. The role of ethics and social responsibility was apparent in the case of the Tylenol crisis when seven people died after taking extra-strength Tylenol capsules. Before the crisis, Johnson & Johnson controlled 37% of the market. After the crisis, it fell to 7%. The company had to take corrective measures in order to regain public confidence. The company managed the crisis successfully because it was ethically and socially responsible. When they came to know of the crisis, the management immediately conducted a product recall. Then a committee was formed to keep the media apprised of the corrective measures that were being taken. This enabled the company to maintain its stakeholder relations. The product recall caused a substantial loss for the company. This signalled to the stakeholders the company’s adherence to ethics and social responsibility. The company’s public relations department was in close contact with the media at all times. Thus the company ensured that all its activities were transparent and addressed stakeholder needs and agendas. The Tylenol crisis illustrates the preventive measures that can be taken if the company is perceived to have overstepped an ethical boundary. In spite of the huge losses that the product recall caused, the management was not afraid to communicate with both the internal and the external stakeholders about the issues that had been raised as a result of product tampering. The product tampering might have been done by someone outside the company, yet the stakeholders held Johnson & Johnson responsible for breaking the law. Therefore the management had to undertake preventive measu
Cite this document
  • APA
  • MLA
(“Ethics Paper Research Example | Topics and Well Written Essays - 750 words”, n.d.)
Ethics Paper Research Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/management/1461260-ethics-paper
(Ethics Paper Research Example | Topics and Well Written Essays - 750 Words)
Ethics Paper Research Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/management/1461260-ethics-paper.
“Ethics Paper Research Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/management/1461260-ethics-paper.
  • Cited: 0 times


The strategic plan enables a company to maintain its strategic focus of maximizing profits in the long term. However the goal of profit maximization is not attainable unless the company behaves in an ethically responsible manner. The importance of the role of business ethics in the strategic plan can be gauged by its direct link to the goal of profit maximization…
Ethics Paper
Read TextPreview
Comments (0)
Click to create a comment or rate a document
Let us find you another Research Paper on topic Ethics Paper for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us