...Ethics Reflection Name of Student Institution Affiliation Ethics Reflection Ethics refer to the moral principles governing a person’s behavior or a group’s behavior, especially at the workplace (Johnson, 2007). In an organization, the workers should relate to each other in a moral manner with aim of working in harmony to accomplish organizational goals. Employees should also relate morally with the customers and other stakeholders. Therefore, an organization finds ethics and social responsibility extremely necessary for organizational growth. Ethics and social responsibility are applicable in the development of an organizational strategic plan considering the requirement of stakeholders (Pearce & Robinson, 2013). This discussion will consider the role of ethics and social responsibility in strategic planning, overall impact of ethics and responsibility on stakeholders, as well as evolution of ethical perspective. Role of Ethics in Strategic Planning Professionals have the responsibility to reflect actively and critically on ethical issues that they experience during their practice (Pearce & Robinson, 2013). A thorough observation of ethics will ensure that an organization attains its objectives, mission, goals, and visions in a way that will give the business a framework and direction. Organizations depend upon ethics when creating guidelines that ensure that the organizational employees work in harmony to accomplish organizational goals. In the...
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...Ethics MGT/498 November 19th, 2012 Dr. Tug Gokaydin, Ph.D., MBA, PMP, CISA, CISM Introduction to Ethics Ethics is known to be a moral philosophy; it involves systematizing, defending, and recommending concepts of right and wrong conduct. Business ethics reflects the philosophy of business, one of whose aims is to determine the fundamental purposes of a company. Company's that’s purpose is to maximize shareholder returns, then sacrificing profits to other concerns could be a violation of its fiduciary responsibility. The role of ethics in business and the social responsibility as it relates to the strategic plan should satisfy the needs of the stakeholders ("Ethics", 2012). The Role of Ethics in Business Making decisions in business is critical and being ethical when making those decisions is vital to the integrity of the company and the individuals making the decisions. There are many ethical theories to choose when making decisions. Moral systems give a unique perspective on situations and can help to predict the outcome of a decision. Managers and business owners should consider various schools of thought when ethically making decisions. The function by identifying the consequences of each action, not only for the person taking the action, but for everyone else involved. The effects of the decision by mentally calculating and weighing the costs and benefits to the company or department affected. Look at the benefit to establish solutions that...
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...Ethics Reflection Paper Crystal Davis STR/581 September 9, 2014 Pamela Scale Ethics Reflection Ethics and social responsibility occupy an important place in our personal value system. Customer confidence in how business operates has been severely shaken by recent corporate scandals and collapses, such as Enron and bank failures. To be their most successful, companies must consider ethics and social responsibility as critical parts, inherent components of strategic plan. Ethical and social responsibility should be considered as part of the strategic process in profit decisions in order to receive the maximum benefit, of corporate profits. This paper analyzes what ethics and social responsibility are, how each applies to a company’s strategic planning, and the overall impact on stakeholders when ethics and social responsibility is considered in strategic planning. The Role of Ethics in Strategic Planning Reflecting critically and actively on ethical issues is an obligation of every professional. Ethics guarantee that an organization accomplishes its mission, vision, goals, and objectives in a manner that will give a business a sense of direction and framework. Ethics ensure guidelines are created that bind the entire organization into one common thread, govern the action of the organizational employees, and avoid deviation from the desired strategic path. Ethics ensure that strategic plan is prepared as per the best interest of all a company’s stakeholders...
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...Practices and Ethics Erica Bolden May 5, 2013 HCS/403 Marcia Smith Practices and Ethics Two major necessities needed to manage a health care organization financially are outstanding ethical standards and reporting practices. Reporting financial data reports is important and information must be accurate and factual. Organizations obtain and maintain financial data to aid in the audits of the amounts, control, and potential uncertainties of cash flows. Keeping the financial data current is important because majority of the time the data contains information about the organization’s equity and economic resources. Developing and analyzing ethical standards carefully allows organizations to stay in compliance with those standards formed for the health care community. Poor ethics and financial planning sometimes effects consumers. According to Nelson (2011), “Basic ethics principles that make up our common morality, including respect for patients, acting in patients’ best interest, avoid bringing harm to patients and treating patients in a fair and equitable manner, serve as the foundation for healthcare values.” This paper will contain a summary of the four elements associated with financial management, generally accepted accounting principles, and general financial ethical standards. The reader will explore Examples from two articles “Ethical Decision making for healthcare Executives” and “Ethics: A foundation for quality” that reflect ethical standards of conduct, financial...
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...REPORTING PRACTICES AND ETHICS PAPER HCS/405 June 2, 2014 Reporting Practices and Ethics Paper In today’s healthcare financial plans it is important to have good financial management. If the financial planning is not done properly then the company will not be able to function efficiently. The accounting records are kept up to date in regards to the guidelines in order to make sure the accounting records are accurate. By doing this, this helps keep track of how a company is doing to make sure that they are aware of where their money is going. This will show whether it is a profit or a loss. This allows the company to change things around so that they are not losing money within the company. Four Elements of Financial Management The accounting department plays a critical role within the medical office. The accounting department is the backbone of the organization and is what allows the organization to operate at its fullest potential. If the accounting department did not exist, it would make the office impossible for any type of company to operate efficiently. There are four elements of financial management which include the following; Planning, Controlling, Organizing and directing and Decision Making. The planning element sets goals and guidelines in order to allow the organization to ensure the future success and accomplishments of the medical office. The controlling is what ensures that all areas within the organization are following the...
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...The foundation of nursing is molded by ethics and values. Nurses provide nursing care for the sick and suffering. Nurses are highly efficient in planning; implementing and evaluating the nursing care for the patient. They are efficient in decision-making and have adequate technical skills. Nurses provide compassionate care for the patient and families during the time of treatment. Nurses are very cautious while assessing their patient to assure that they get the accurate treatment, and to avoid unwanted treatment leading to suffering. Nurses provide safe environment for the patient, family and protect the patient privacy. Nurses must advance the knowledge of profession by education, and they implement these knowledge in planning, implementing and evaluating the patient care. They are able to collaborate with other health care professionals in promoting health and welfare of the individual, families, communities, nation and world to bring a social change by extending towards health related socio- cultural issues (The American Nurses Association, 2010). My philosophy of nursing has derived from what I believe to be a core nursing characteristics. The concept of my personal philosophy-nursing carrier was derived from the value system, and the influence of academic and clinical instructors of my profession. The principles of my philosophy are, reverence, awareness, compassion, morality, encouragement, holism, critical thinking...
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...Management Planning Paper MGT/330 November 15, 2010 Management Planning Paper The planning functions of management are very important in the business word and there are certain factors that can affect these functions. Factors that can affect the planning functions are Economic, Political, Social, Cultural, Competition, Legal Issues, Ethics, and technology. Strategic, Tactical, Operational and contingency planning are the planning functions of management. This paper will focus on the planning functions of management and how certain factors affect Boeing’s management planning. The first function of planning is strategic. According to Bateman and Snell (2009) “Strategic planning involves making decisions about the organization’s long-term goals and strategies” (Bateman & Snell, p 137). Tactical planning breaks down broad, long-term goals into specific goals and plans to a specific division of the company. Tactical planning concentrates on major actions that a unity in a company must take to accomplish part of the strategic plan. The time frame for tactical goals is usually up to three years. Operational planning takes place at a lower level part of the company and it occurs when specific procedures and processes are acknowledged. Last the contingency planning is an alternative plan that will be used when the original plan fails because of external environment obstacles (Bateman & Snell, 2009). Boeing is a company that manufactures commercial...
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...Financial Planning or Financial Plan is defined as, “a comprehensive evaluation of an investor’s current and future financial state by using currently known variables to predict future cash flows, asset values and withdraw plans” (Investopedia, 2015). Many companies and organizations cannot run without having the proper financial planning, by keeping records up to date, following the Generally Accepted Accounting Principles (GAAP) and general financial ethical standards as well as the four main elements of financial management. Finally, by addressing financial reporting practices and ethical standards within healthcare finance, fraud and abuse can not only be monitored but the integrity and responsibility of that medical clinic or hospital can continue their reputation at a high stance. Fundamentals of Financial Management There are four main elements of financial management; planning, controlling, organizing and decision making. In the planning element, financial managers have to classify the many steps that need to be taken in order to accomplish and complete an organizations objectives. The main purpose of planning comes down to identifying the steps in accomplishing these objectives. When financial managers oversee each area of an organization, making sure they follow the steps that have been established in plans is the controlling element. Organizing includes the financial managers decisions on how to appropriately use the resources of a company to make sure plans...
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...Code of ethics Nursing has a code of ethics that defines the principles by which nurse provide care to their clients. In addition, nurses incorporate their own values and ethics into practice. The code of ethics for nurses with interpretive statements provides a guide for carrying out nursing responsibilities that provide quality nursing care and provides for the ethical obligations of the profession. Standard nursing care: An Asset In order to ensure quality care the nursing care needs some standards. Standards are degree of excellence. The aim of standard nursing care is to support and contribute to excellent practices. The role of nurse is constantly changing to meet the growing needs of health services. Objectives • Plan • Holistic Approach • Appropriate Diagnosis • Realistic Goal • Selecting Appropriate Media • Quality Care rather than quantity • Economize Time, Material, Energy Types of standard care • Structure -- Things we use • Process -- Things we do • Outcome -- The result Characteristics of standard care • Dynamic • Reflects Changes • Not Static Brief description of methods and procedure S - Successful termination of helping relationship for client. T - To have clear idea or conception of the distinct goal, nursing the patient and health needs of society. A - Assertive planning. N - Nature of client nurse interaction. D - Directing others. A - Analytical thinking. R - Respect status and policies. D - Data collection in accordance with goal...
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...There are several steps need to begin the assessment process. The assessment, planning and implementation are the most important. The strength based approach is used during this process. The assessment phase helps the client and professional focus on the positive aspects, abilities, and experiences that the client has had using the strength based approach. The professional has the client recall how they handle certain situations and the success they have had with this. The first step to this is initial contact with the client. This can come in different ways such as a phone call or meeting in person. The professional should have all the needed documents pertaining to the client. This gives the professional a chance to review the case. During the initial contact the professional should be documenting everything that the client is stating. This allows for a record to be kept and gives the professional something to look back on at later times. When the initial contact happens this is when the process begins for the client. After information is gathered the planning process can begin. In the planning stage it is vital to understand the strengths, abilities, and resources available to the client to form an effective plan. In this process it is important to remember that all environments have resources available to them. These environments can contain a number of things such as home, church, etc. the more resources that a client has the better chance for change. The biggest part...
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...Do Business Ethics Pay? Ethics for Strategic Planners Ethics has been described as what one does when one thinks no one is watching. “Do business ethics pay? This is a question that some would say is a wrong one. Behaving ethically, they argue, is what you do because it is the right thing to do.” (Welby & More, 2003) In today’s business environment everyone is watching. Newspaper headlines range from accounting scandals to insider stock trading. “Many casual observers could fail to see the connection between strategic planning and ethics. Yet these two concerns are intimately related.” (Ethics Resource Center, n.d.) Two kids who met in seventh grade gym class in Merrick, New York (Long Island) in 1963 would one day found a company that would be model for ethics in strategic planning. The model company that integrates ethics into their strategic planning and business model is Ben & Jerry’s Homemade Holdings, Inc. Their social mission is an integral part of the organization as their business and product missions. Central To The Mission Of Ben & Jerry’s as posted on the company website “is the belief that all three parts must thrive equally in a manner that commands deep respect for individuals in and outside the company and supports the communities of which they are a part.” Many organizations use the Gold Watch story to impart the company’s view on business ethics. Participants are asked to read the story and then individually rank the six characters in the story from 1...
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... February 5, 2014 ISACA code of professional ethics is a guide to the professional & personal conduct of members of the association and / or its certificate holders. Listed below is the ISACA code of professional ethics: 1001 Audit Charter | 1202 Risk Assessment in Planning | 1002 Organizational Independence | 1203 Performance & Supervision | 1003 Professional Independence | 1204 Materiality | 1004 Reasonable Expectation | 1205 Evidence | 1005 Due Professional Care | 1206 Using the Work of Other Experts | 1006 Proficiency | 1207 Irregularity & Illegal Acts | 1007 Assertions | 1401 Reporting | 1008 Criteria | 1402 Follow-Up Activities | 1201 Engagement Planning | | Failure to comply with the ISACA code of professional ethics would lead to investigation into the CISA holder’s conduct by the ISACA BOD or appropriate committee & ultimately in disciplinary action. Ethics is the principles of conduct that individuals use in making choices & guiding their behaviour in situations that involve the concept of right & wrong. Ethics are needed when conflicts arise – the need to choose. Conflicts may arise between employees, management, & stockholders. Business ethics involves equity, rights, honesty, & exercise of corporate power. Proportionality is the benefit from a decision must outweigh the risk. Justice is the benefits of a decision should be distributed fairly. Main computer ethics issues are privacy, security, ownership...
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...Accounting Principles (GAAP) are the common set of accounting principles, standards and procedures that companies use to compile their financial statements. GAAP, are simply put, the customarily accepted ways of recording and reporting accounting information. Each organization may operate differently but all have to follow by set guidelines within the organizations community, state and at the federal level. If these standards and procedures are not followed the U.S. Security and Exchange Commission (SEC) will fine the organization and possibly pursue criminal action to enforce compliance. Within accounting and financial management, there are four key elements recognized. The four elements are: Planning, Controlling, Organizing and Directing and Decision Making. The planning element allows an organization to set forth goals and guidelines to ensure the future success and accomplishments of the medical office. Controlling provides the organization the opportunity to ensure that all areas within the organization are following the previous planned goals and guidelines and also allows for an opportunity to fix any problems or issues which may arise. Organization and directing within financial management is important because it guarantees that the medical office is working at its best possible potential and is well organized while directing provides the opportunity for the medical office to work on financial management on a...
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...Management Planning and Ethics This essay will center on the planning function of management in an Elementary School. I being working for this school for three years and half, I love to work here is a job I like and I enjoy because I have two of my daughters here. The years I have being working here, I had notice many procedures similar to my past employer, I use to work for more than five years in the retail business. There are some similarities for example, policies of confidiality, ethics, and more. One of the most important procedures management does in an organization or company is planning. These plans serve as path of action for the future. Tactics need to be strongly linked with the company's overall mission. "Planning is the conscious, systematic process of making decisions about goals and activities that an individual, group, work unit, or organization will pursue in the future" (Bateman-Snell,). Currently my company's mission is. In order to achieve this goal management, in this case management would involve the principal and the Administrative Assistant of the school must formulate and put into action plans to achieve the school’s short and long term goals and also extremely important is developing the capacities and potential of the teachers and all the staff working for the school. I work for an elementary school, in there I help the kinder teacher every day, I know how children behave, how they are doing in their every day assignments, if they are...
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...sure they know the money that is coming in and the money going out. ”Within management’s functions of planning, controlling, and decision making, the program must stand on its own” (Baker, Baker 2011). In accounting, planning is a very important role. The financial manager can take the time and assist the situation. They can come up with a plan than execute the plan to proper employees. When the financial manager is controlling, he/she can check to see every department of the health care facility is following the goals set by the financial manager. Also, gives the other departments a chance to ask any and all questions they may have, in order to obtain the objectives. Organizing can help to decide how benefit from resources that are available. “Decision making actually occurs parallel to planning, organizing, and controlling. All types of decision making rely on information, and the primary tasks are analysis and evaluation. Thus, the purpose is to make informed choices”, (Baker, Baker 2011). “The hierarchy of GAAP governs what constitutes GAAP for state governments, including government-owned colleges and universities and health care providers”, (Charter 80, 2012). “The term generally accepted accounting principles (GAAP) has a specific meaning for accountants and auditors”, (FASAB, 2012). “Governing authority to be knowledgeable of organization's compliance and ethics program, and exercise oversight regarding effective implementation, high-level personnel assigned overall...
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