Ethics Paper Essay

morals is essenti entirelyy what a individual believes is good or bad. By rendering moral philosophy is rules of behavior base on ideas about what is morally good or bad (Merriam-Webster, 2013). in that location are different theories of moral philosophy which include virtue ethics, utilitarianism ethics, and the deontology scheme. Virtue ethics is the theory that basically says that a person throughout their life should tense for moral excellence through life experiences. This theory looks at a person over a period of time to determine if they give good morals and considered an honourable person versus basing it off of one misfortune or slip-up. These slip-ups jackpot be forgiven taking in count past deeds of moral turpitude and ethical shapes. The utilitarianism theory is performing morally for the good of a group or society. This theory is in truth popular in the United States and other Western capitalistic democracies. Utilitarianism work when the people in that particular group or society watch on what is considered moral and what would be deemed good for them as a whole.The utilitarianism theory can also be seen as brotherly responsibility with the echt definition being the obligation of an organizations management towards the eudaimonia and interests of the society in which it operates ( bank lineDictionary.com, 2013). The deontology theory states that someones actions are found on that is inherently right with no other calculations being interpreted into consideration such as consequences of the action. Deontology is based simply on commandment and is justified through the structure of action, nature of reason, and the operation of the will (Boylan, 2009). ethical motive and social responsibility play a significant role in the development of a strategical invention especially when considering stakeholders needs and agendas. come withs primary mission is to perplex money and turn a profit for their stakeholders. This is done in many different modalitys and are outlined in the strategic designing.The fellowship however needs to see to it that their operationsare ethical and not harmful to society or the community surrounding. Many companies walk a fine line amidst ethical and unethical when making efforts to perform for their stakeholders. Stakeholders primary objective is to manage as much profit as possible and in intimately cases in the shortest amount of time possible. This is where companies are sometimes found pass the line of ethics and social responsibility. This may include cutting corners to fool a better competitive edge deep down the industry then veering away from the familiaritys original strategic plan. In years past some companies have been caught conducting unethical operations in the name of profit (Wheelen & Hunger, 2010). The government has enacted legislation to make these activities less kindly to companies. Companies are now tasked with developing strategic agendas to ac commodate their stakeholders needs and agendas dapple salve considering ethics and social responsibility.Essentially a caller-out has to make it clear to stakeholders that their best interests are foremost exactly ethics and social responsibility will take precedence when developing a strategic plan to lead the company to success. The most popular and remembered company for overstepping ethical boundaries for stakeholders agendas would be Enron. Enron who began as a struggling energy provider climbed its way to the top of the food chain in the industry to essentially blend a broker of energy. The company appeared to have a great cut of ethics and social responsibility from the outside looking in but things were not as they appeared after the company unraveled. It was found that top executives of the company were falsifying documents about earnings and essentially bleeding the company of all of its assets over the years until its inevitable fall.This included making not so ethi cal business partnerships and making attempts to hide its debt through clever account tricks to avoid recording the information on balance sheets (Sims & Brinkmann, 2003). This all in an attempt to keep stock prices climbing to pad the pockets of the executives and stakeholders alike. Many step could have been taken within Enron to avoid this situation while still staying successful. The first step would have been to develop a strategic plan that not only provided direction for the company but set milestones for the company to succeed.Other steps to avoid this type of activity is to develop checks and balances within the company and not allowing a select few top executives to conceal everything without any accountability. Theexecutives of the company set the tone for the company and when employees see them acting unethically then it is believed this acceptable within the company. Executives should be setting a positive slip and encouraging their employees to take the same approa ch.ConclusionEthics and social responsibility come hand in hand when traffic with the world of business. When developing a strategic plan a company needs to ensure these areas are addressed and balanced when considering the needs and agendas of its stakeholders. This can as simple as keeping stakeholders informed that it is essential to act ethically for the long term health of the company. Enron is a prime example of the hardships a company as well as its employees and stakeholders can expect when a company puts ethics and social responsibility to the side. This also reinforces the incident that companies should develop their strategic plan with these in mind and then sticky to the plan then taking appropriate steps to keep the plan updated to continue on the road to success.ReferencesBoylan, M. (2009). Basic ethics Basic ethics in action (2nd ed.). pep pill Saddle River, NJ Pearson. BusinessDictionary.com. (2013). Social responsibility. Retrieved from http//www.businessdictio nary.com/definition/social-responsibility.html Merriam-Webster. (2013). Ethic. Retrieved from http//www.merriam-webster.com/dictionary/ethic Sims, R. R., & Brinkmann, J. (2003, July). Enron ethics Culture matters more than codes. Journal of Business Ethics, 45(3), 243. Retrieved from http//www-rohan.sdsu.edu/faculty/dunnweb/rprnts.enronethics.html Wheelen, T. L., & Hunger, J. D. (2010). Concepts in strategic management and business policy (12th ed.). Upper Saddle River, NJ Pearson Education.