The idea behind ethics and social responsibility recommends that a corporation has the responsibility to society which extends beyond profit making. Generally, the social responsibility considers that employee, shareholders, communities, customers and the social environmental costs of their business behaviors. It is through the strategic approaches that a particular company can determine the activities to dedicate to being socially responsible hence, choose which activity that will strengthen it. Different companies establish strategies, which will voluntarily integrate it in the social, and environmental concerns regarding on hoe it operates its business (Werther, 2011). Alternatively, Strategic planning is all about creating a vision statement, mission statement, functional decisions and policies, which will ensure the company, succeeds. It is with this in mind that the stakeholder’s interests are vital to the company. The whole concept about social planning and ethics is for the development of the company’s public image and customer relations.
Ethics and Social responsibility play a crucial role in the human value system. In most cases, a customer’s confidence on the way a corporate or business operates might be shaken by the corporate collapse or scandals which are bound derail the company. Therefore, it is upon the company to incorporate ethics and social responsibility in its strategic planning. Ethics is a Greek term, which means character or tradition. Ethical behaviors are the behaviors respectable in terms of moral and philosophy, which involve defensive, developing and recommending notion of immoral and correct behavior. Ethics simply identify the right and wrong. In certain situations, it may be difficult to identify and judge what is wrong or what is right without some structuring the reference (Hatcher, 2010). Creating a business code of ethics is helpful in offering the foundation at which politics can conduct the daily decisions and behaviors at the workstation.
In the modern world, Corporations face challenging decisions. With this, the corporations have to know that the challenging and difficult decisions do not only affect the corporation’s employees and the corporation management but rather, it affects the public communities and the different corporate stakeholders. Therefore, the decisions will have to consider the interests of the people involved in the corporation (Hatcher, 2010). In big corporations, the management has an immense responsibility to the corporate stakeholders when it comes to making the best decisions concerning them. No matter what decision the corporate makes, the decision should be ethical. The Ethical responsibilities of a particular corporation’s management are to keep contact with the beliefs and behaviors in the society (Werther, 2011). It is more courteous of the corporation’s management, and the stakeholders to inform families, affected with the corporation’s layoffs, retrenchments, business closure, and the different acts, which might directly distress the people involved on the societal basis. This move prepares the concerned parties to be prepared and adjust to the upcoming challenging events, which are mostly associated with this kind of situations.
The preparation prevents hostility and anger directed towards the corporation. For any successful company, the management should consider ethics and social responsibility as crucial issues intrinsic elements of the strategic plan. The ethical and social responsibility criterion must be part of entailed in the company’s strategic process thus before profit decision instead of an after profit decision. This will enable the company know its maximum benefit it spends on a particular product perception and facade of the public. Nevertheless, the corporation is responsible to its stakeholders to make rightful decisions as much as possible (Werther, 2011).
Reference
Hatcher, T. G. (2010). Ethics and HRD: A new approach to leadingesponsible organizations. Richmond, BC?: ReadHowYouWant.
Werther, W. B., & Chandler, D. (2011). Strategic corporate social responsibility: Stakeholders in a global environment. Los Angeles [u.a.: SAGE.
