Question
What problems do you foresee in implementing and Integrating ethical business practices and social responsibility within your strategic plan? Integrating social responsibility and ethics within
What problems do you foresee in implementing and Integrating ethical business practices and social responsibility within your strategic plan?
Integrating social responsibility and ethics within your strategic plan is necessary when seeking to competitive advantage. You are establishing the foundation of your organization based on these very important ethical codes for your businesses:
- Employees
- All internal stakeholders
- All external stakeholders
- Partners
- Subsidiaries
Based on your operations of your firm, your specific social responsibility and ethical standards must be explained and implied in all of your firm's policies, to ensure there is understanding and accountability. The essence of your firm's code of conduct and policies are not to be changed, manipulated, or ignored. All people are bound by these approved policies for your firm and the manner in which your firm operates. For example, during my reading and research into Enron, the organization executives of Enron continually changed their ethical code of conduct to defraud people of their money and to allow unethical practices within their firm. Enron's code of conduct was a farce. When a code of conduct is established, all people are bound to it, from the top of the organization to the lowest level in the organization. If this is not happening within a firm, this organization has serious issues.
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