Ethics And Ethics Of Strategic Management - 1324 Words

Ethics in Strategic Management Jory J. Authement Franklin University BSAD 495 – F1FF: Business Administration Capstone July 31, 2015 Ethics in Strategic Management Introduction Ethics is usually an afterthought for most when evaluating their own actions, this is even holds true for most companies. Before discussing specific ethical situations from within StilSim Personnel. It would be prudent to first have a clear understanding of the definition of ethics. Trevino and Nelson, defines ethics as â€Å"the principles, norms, and standards of conduct governing an individual or a group. However, when we tie ethics to that of the business sense, we see slight change in the definition; behavior that is consistent with the principles, norms, and standards of business practice that have been agreed upon by society† (Trevino and Nelson, 2012, p.18). The latter part of this definition is what intertwines ethics into strategic management. Through this analysis, the importance of ethics in strategic management will be presented and how this corresponds to the ethical issues discovered in the operations of StilSim Personnel., my strategic plan for StilSim. From the aforementioned, the necessity of ethics in business is easily recognized. But the linkage between ethics and strategic management may still be hazy. According to Susan Key, ethical considerations in strategic decision-making will result in the development of the most effective long-term and short-term strategies.Show MoreRelatedEthics And Legal Considerations : Strategic Management1086 Words   |  5 PagesEthics and Legal Considerations in Strategic Management Ethics is the process of doing right or wrong. It assists a person in the deciding if something is moral or immoral or if it is socially desirable (Dess, McNamara, Eisner, 2016, p. 368). A person can get his or her ethics from religious beliefs, heritage, family, the community, education and friends. 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