Explore BrainMass

Incorporating economic realities and ethical decision making

Often unforeseen problems; such as the tragic Gulf Oil Spill, intensify the need to understand ethics which incorporate economic realities. Knowing important aspects of change and having an inclusiveâ?"more whole- ethical stance will support your staff while empowering you as a leader.

What should be done to improve planning to include external factors, such as the environment of that business strategy, for what's ethical or not?

© BrainMass Inc. brainmass.com June 25, 2018, 1:46 am ad1c9bdddf

Solution Preview

The first issue that comes to mind is corporate social responsibility (CSR), which plays an important role in the decision-making process, especially when the outcome will have an effect, whether adverse or positive, on the environment. Ethics and CSR are co-joined. A statement: "We have always known that needless self-interest was bad morals, we know now it is bad business" -Franklin Delano Roosevelt (1937) echoes exactly what needs to be extinguished. Employing CSR means that certain things should take place at the management level:

1.) Competent managers should be demanded
2.) Societal values need be upheld
3.) Corporate social ...

Solution Summary

This solution is an analysis of how corporate social responsibility is inclusive of ethical decision making