...Ethical Reflection Ethics and social responsibility are key factors when planning one’s personal life or planning for the success of a business. When companies develop strategic plans, they must consider what role ethics will play and how social responsibility will affect the plan keeping stakeholders need at the forefront. If businesses and individuals are making a conscious effort to display ethical behavior, ethical perspectives and beliefs should evolve over time. Ethics and Social Responsibility According to Pearce and Robinson (2011) “ethics refers to the moral principles that reflect society’s beliefs about the actions of an individual or a group that are right and wrong” (p. 74). To ensure employees understand the rules and make good ethical decisions, a company’s plan should encompass the beliefs and values that the business and their employees view most important. Before developing a strategic plan for a company, managers must take into consideration the company’s mission. This mission statement can be used by the company as a way to show employees and customer what the company hopes to accomplish. According to Pearce and Robinson (2011) “The mission statement is a message designed to be inclusive of the expectations of all stakeholders for the company’s performance over the long run” (p. 21). The mission and vision statements can be the baseline for goal-setting and strategic planning while keeping ethics at the core of all decisions. Pearce and Robinson...
Words: 801 - Pages: 4
...Role of Ethics and Social Responsibility in Developing a Strategic Plan When considering the stakeholders needs, leadership of an organization must evaluate the best interests of the company but also take on their rightful social responsibility not only for their stakeholders but also for the good of society as well. They cannot limit themselves to specific groups but create a welcoming environment and build relationships with everyone. In a stable economy, companies may eliminate or trade off groups that may not be as important, however in this turbulent and ever changing environment that is not the case. Also consider this type of development of strategic planning is not for just large successful organizations but for all organizations especially as they build and prosper. Taking on an ethical stance and social responsibility will create loyalty among their consumers than changing their attitude toward a particular cause or not having a stance at all. While taking on a stakeholder approach with developing a strategic plan, an organization must consider several concepts to be successful. The company must be flexible to adapt to the environment. In fact they should look to change the environment themselves instead of adapting to whatever the current environment is. They must also balance the relationships established with all their stakeholders which may include society as a whole. Finally in order to optimize a company’s objectives it is critical for values based...
Words: 689 - Pages: 3
...Ethics Reflection Paper Donald Dennis STR581 / David Geerinck 04/21/2015 Ethics and Social Responsibility While looking back the last 15-20 years (the time where I grew up and most impressionable), ethics has taken an important place in corporate America; and not in a good way. In fact ethics has been the center stage in a variety of companies with serious problem. Companies such as Enron, WorldCom and people such as Bernard Madoff have made a name in history for themselves, as well as to show how to sink an entire company! They are the example of how not to do something! A company as a whole is outlined by its mission, with strategic goals in place to reach its vision. Both of these help with a companies approach to its customers and the social responsibility that is expected of such firm. Ethics and Social Responsibility Being socially responsible means those in the business world must act in an ethical manner, while being sensitive towards social, cultural, economic and environmental issues (The OptimizePress, 2014). Abiding by these guidelines, those individuals as well as businesses in whole will have a positive impact on the development within their business and society. Sometimes times get challenging, and when faced with a dilemma, as a profession you mean the best for the business, but at what expense. Being socially responsible is a mandated duty to serve society both in a general fashion...
Words: 994 - Pages: 4
...Strategic Plan STR581 March 23, 2013 TABLE OF CONTENTS EXECUTIVE SUMMARY …………pg. 3 COMPANY PROFILE……………………………………………………………….PG. 3 CORE VALUES pg. 4 INTERNAL AND EXTERNAL ANALYSIS………………………………..............PG. 4 SWOT ANALYSIS PG. 5 BEST VALUE DISCIPLINE……………………………………………………...…PG. 8 GRAND STRATEGY………………………………………………………………..PG. 8 RECOMMENDATION………………………………………………………………PG. 9 IMPLEMENTATION………………………………………………………………...PG. 10 OBJECTIVES………………………………………………………………………...PG. 10 FUNCTIONAL TACTICS…………………………………………………….……..PG. 10 ACTION ITEMS…………………………………...…………………………………PG. 11 MILES STONES AND DEADLINES……………………………………………….PG. 11 TASKS AND OWNERSHIP………………………………………………….……...PG. 12 KEY SUCCESS FACTORS……………………………………………………….…PG. 13 BUDGET AND FORECAST………………………………...…………………….…PG. 14 CONTINGENCY PLAN…………………………………………………………..…PG. 15 CONCLUSION.………..………………………………………………………….…PG. 16 REFERENCES.………………………………………………………………………PG. 17 Executive Summary Following this summary is the proposed strategic plan for Wawa as the organization expands to the Florida market. Wawa’s core values demonstrate the organization’s desire to please the customer, build lasting relationships, and providing quality service. Wawa designs the culture and environment of the stores to be a warm, friendly, and comfortable environment, enticing customers to return frequently. Leadership at Wawa strongly believe that once a customer enters a Wawa store, the employees, quality, and prices will entice him or her...
Words: 3552 - Pages: 15
...JetBlue Strategic plan Michele Branam STR581 March 26, 2013 Billie Hutson, PhD TABLE OF CONTENTS Abstract …………pg. 4 Introduction pg. 5 MISSION, VISION, AND VALUE STATEMENT…………………………………PG. 5 ENVIRONMENTAL ANALYSIS…………………………………………………..PG. 5 ENVIRONMENTAL SCAN………………………………………………................PG. 6 SWOT ANALYSIS PG. 6 PEST ANALYSIS………………………………………..………………………..…PG. 8 STRATEGY…………………………………………………………………………..PG. 9 VALUE DISCIPLINE..……………………………………………………….……...PG. 9 GENERIC STRATEGY………………………………………………………………PG. 10 GRAND STRATEGY………………………………………………………………..PG. 10 RECOMMENDATIONS.…………………………………………………………....PG. 11 OBJECTIVES………………………………………………………………………...PG. 11 FUNCTIONAL TACTICS…………………………………………………….……..PG. 13 ACTION ITEMS…………………………………...………………………………..PG. 13 MILES STONES AND DEADLINES………………………………………………PG. 14 TASKS AND OWNERSHIP………………………………………………….……..PG. 14 RESOURCE ALLOCATION………………………………………………………..PG. 14 KEY SUCCESS FACTORS…………………………………………………………PG. 15 BREAK EVEN ANALYSIS………………………………………….…….……….PG. 16 FORECASTED FINANCIALS……………………………………………………...PG. 17 BUDGET……………………………………………………………………………PG. 18 CONTINGENCY PLAN……………………………………………………………PG. 18 CONCLUSION…………………………………..………………..…………..…….PG. 18 REFERENCES………………………………………………………………………PG. 20 Abstract The airline industry received devastating blows from the global economic downturn of 2008. An uncertain and volatile market, JetBlue will adopt a strategic...
Words: 4124 - Pages: 17
...Summary…………………………………………………3 Company Background………………………………………………3 Vision………………………………………………………………..4 Value Statements……………………………………………………5 Mission Statement…………………………………………………..7 Generic Strategy…………………………………………………….7 Grand Strategies…………………………………………………….7 Long Term Objectives………………………………………………8 Shot Term Objectives……………………………………………...10 Contingency Plans…………………………………………………10 Critical to Success Factors…………………………………………11 Environmental Scan and Summary………………………………..12 Internal Analysis…………………………………………………...13 External Analysis…………………………………………………..14 Value Chain Analysis……………………………………………...16 SWOT Analysis……………………………………………………20 Resource Based Analysis…………………………………………..21 PEST Analysis……………………………………………………..22 Conclusion…………………………………………………………25 List of Appendixes………………………………………………...26 References…………………………………………………………27 Executive Summary This paper examines the current state of the organization, Kudler Fine Foods (KFF) by considering its background, financial status, operations, original and future vision and mission statements as stated by the owner, Kathy Kudler. It expands upon the owner’s desire to continue growth by creating and suggesting a new vision for the organization that continues to build on the organization’s original set of values and mission. The internal and external environments are examines. A new generic strategy and new grand strategies are presented and supported by long and short term objectives, and contingency plans and critical success...
Words: 4920 - Pages: 20
...STR 581 WEEK 6 LEARNING TEAM PROJECT SELECTION - NEW IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/STR-581-Week-6-Learning-Team-Project-Selection-NEW-5609666666.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Resources: Strategic Plan and Presentation assignment from each team member Review all team members' Week 6 assignments. Discuss each project's strengths and weaknesses. Write an analysis of at least 750 words including the following: • Comparative analysis of the top 2 strategic plans • Selection of one of the strategic plans • Justification for the team's selection Click the Assignment Files tab to submit your assignment. ***************************************************************** STR 581 WEEK 6 INDIVIDUAL STRATEGIC PLAN AND PRESENTATION - NEW IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/STR-581-Week-6-Individual-Strategic-Plan-and-Presentation-NEW-6565095.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Resource: Implementation, Strategic Controls, and Contingency Plans assignment with facilitator feedback Complete a strategic plan for your organization of no more than 3,500 words. Update your plan to incorporate facilitator feedback from the drafts you submitted in previous weeks. Include the following: • Table of contents • Executive...
Words: 9181 - Pages: 37
