Ethics Case
This paper will explain and will give a definition of the social responsibilities and ethical role that outlines the stakeholders needs while creating a strategic plan. Ethical issues will also be addressed along with an example of Enron organization violating ethical limits for the stakeholders plans; the paper will also include types of precautionary measures that could be used that would circumvent the position.
Codes of Ethics offer fundamentals which include numerous theories for employment, industry or organizations, develop distinct and business urgencies among customary organization goals of shareholder and profit enhancement. Elements of ethics have a major impact on establishments and community segment organizations, cost management traditional priorities and quality of service must take an increasing responsibility of the same ethical concerns distressing the corporate and commercial domain (Chapman, 2006-2012).
The ethical modern concepts for the organization are comprised of several related issues including:
sustainability
social enterprise
triple bottom line
ethical management and leadership
Fair trade
globalization (addressing its negative effects)
Well-being at work and life balance.
Ethics is a broad area it can also include other areas such as management, leadership, and organizations. There are several interpretations and definitions of the ethical concept; one would develop their own views in regards of the meaning of ethics, composition, implications, and methods. Ethics is not agreed upon in the same manner, there are no concrete standard, or fixed reference point, what you may think is ethical another may not (Chapman, 2006-2012).
An organization must take a broader view when defining stakeholders and ethics. A group or an individual of any kind is considered to be a stakeholder; however they must have an involvement or interest in the organization. Individuals can be considered as stakeholders as well. Stakeholders could lose or gain something due to organizations actions (Chapman, 2006-2012).
Any group affected by an organization can be considered a stakeholder and should not be dismissed or removed as one. The organization has a responsibility to acknowledge the group or individual as a stakeholder. An efficient stakeholder model would be one that identifies the relationship, interest and needs; that shows the impact for each stakeholder. Strategic planning and decision-making are critical in training and development (Chapman, 2006-2012).
Enron is one example