Ethics Paper

Ethics Paper
University of Phoenix
Facilitator: Joyce Cusack
Katrece Wade
January 4, 2011

In this paper, I will have researched the role of ethics and social responsibility in businesses today, give at least 3 expert opinions on the topic, explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas, identify one example of a company role model for social responsible business practices that provide specifics to support my opinion, identify one example of a company overstepping boundaries for stakeholder agendas and I will develop an opinion on what types of preventative measures could be taken to avoid ensure ethical business behavior.
The role of ethics and social responsibility in business today are very important. Ethics in business helps the organization to grow. Ethics are a set of moral principles which are recognized in respect to a particular class of human actions or a particular group, for instance the medical ethics, legal ethics, teaching ethics, business ethics that brings together people of the same profession.   These principles deal with values relating to human conduct with respect to concepts such as being good or bad, decent or shameful, right or wrong. These values direct members of a group to act in a manner that is consistent with the values and standards as established. Business ethics are those qualities that business people apply when making business decisions. They are the standards expected within the business world, even if they are not written down and which business people ought to adopt. For instance business people are expected to make miserable least suffering to their customers, being fair in their dealings and nurturing an enduring virtuous corporate character in totality.   Business ethics are important because they keep business people to operate within a moral and legal base which not only leaves them satisfied internally but also increases...