Ethics Paper Essay Example | Topics and Well Written Essays - 750 words - 1

Ethics Paper - Essay Example In the light of these, the following study explains the mandate of social responsibility and ethics in coming up with a strategic plan while considering the demands of stakeholders. Additionally, it provides an example of a company which did not consider ethical considerations and finally recommends the best means of preventing similar occurrences in future. A strategic plan refers to the overall defining term of an organization which highlights its decision-making, directions, and overall modes of operation. The reason why ethics and social responsibility are important when this organizational tool is being constructed is that the organization has to consider the principles of individuals as well as commit to its obligations to the wider society. Failure to meet these demands would mean the integrations of the organization in the society within which it is based would be ineffective. The result of such would be difficult or impossibility of conducting business, since the people would oppose or fail to support the organization’s presence. Ethics go a long way in defining the constituting elements of social responsibilities of an organization. Social responsibility in this term refers to the stakeholders who include clients, suppliers, partners, surrounding societies, and generally anyone who is affected by the organization in one way or another. One key element of social responsibility is that it should treat all the stakeholders equally. Again, the majorly considered aspects of stakeholders are social impacts and environmental effects emerging from the organization’s presence. In a nutshell, ethics should defend against the eruption of any kind of tension or conflict between the organization and all the affected stakeholders (Ferrell & Hartline, 2012). An organization which considers its ethical constitution emphasizes on, and inflicts transparency in all its activities.