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Role of Ethics and Social Responsibility.

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Role of Ethics in Organizational Governance.

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Solution Summary

The role of ethics and social responsibility is determined. References are provided to aid in the understanding.

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Ethics Reflection

A prudent business should establish an ethical standard that indicates its belief system and social responsibility. Most companies' ethical standards are usually disclosed in their Code of Conducts (COC); an open source to where internal and external customers can obtain ethical information about organizations. This paper will illustrate the role of ethics and social responsibility when establishing a strategic plan.

Role of Ethics and Social Responsibility

Ethics and social responsibility are fundamental in establishing an organization's strategic plan and decision making (Pearce & Robinson, 2013). Ethics is a crucial tool to help owners, managers, and employees of the company understand how they must conduct themselves in a workplace environment. Usually, companies state their values and expectations of everybody in their mission statements. Treating employees with respect and showing concern for their personal issues builds employees loyalty and increases their work morale. It saves cost to ...

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