Essay About Companies Missions And Strategic Leaders

Ethics Case
Essay Preview: Ethics Case
Report this essay
Businesses along with organizations should behave and act in a way that mirrors a social
and ethical responsibility. Every stakeholder desires to have an appropriate return on his or her
investments. A major concern of shareholders is to capitalize on profits, thus, organizations,
which strive for maximizing their earnings, lean towards to redefining the companies missions
and strategies. Strategic leaders recognize the significance of social accountabilities, identifying
appropriate truths of the businesss claimants (Pearce & Robinson, 2011). Strategic leaders need
to identify in-house shareholders plus shareholders in addition to their employees. Strategic
leaders must consider, outside party such as contractors, government, local group of people, in
addition to the community (Pearce & Robinson, 2011).
Incorporating social responsibilities into any company missions is not always an easy
process. Any organization that incorporates the wellbeing of internal and external stakeholders
into its mission statement must consider the following four steps:
1). Identify all internal and external stakeholders. 2). Understand the expectation and needs of
stakeholders 3). Prioritize all stakeholders expectation and needs plus the reconciliation of
stakeholders claims. 4). Coordinate any claims, expectations, and any needs, along with the
mission of the company (Pearce & Robinson, 2011).
Companies need to recognize that when incorporating any social responsibilities into their
mission can cause an unforeseen impression for any companies success. Winning the loyalty of
growing legions of consumers require new alliances and strategies in this day and tine. (Pearce &
Robinson, 2011). Additionally, companies are now required comply fully with all general, civil
and criminal laws. Therefore, leaders must consider the law all legal accountabilities to avoid
companies from any type of social scandals. Companies may also gain a superior financial
performance because of the ethical concepts they monitor. Therefore, since organizations have
internal and external stakeholders, external stakeholders typically do not have financial interests,
however strategic leaders must understand