Mgt 498 Ethics Research Paper

Ethics Paper
Nivea E. Martinez
University of Phoenix
MGT/498 Strategic Management February 23rd, 2015
Professor Jose Figueroa-Rodriguez

Ethics Paper
The role of ethics and social responsibility in developing a strategic plan is fundamental and they both play an important role in the planning process. Stakeholders who are represented by customers, suppliers, employees as well as anyone who is affected by the business activities are important and management needs to review and discuss any strategic decisions as they will impact all of them. Most stakeholders usually have voting power to influence the financial and social impact within a company. Socially responsible business must equally treat their stakeholders and should take into consideration the social and environmental impact of all unplanned and planned activities. In order for management members to make better decision making, they must provide the necessary information as honestly and transparent as possible to assist the team with the…show more content…
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