Ethics Awareness

Strategic Planning & Implementation/ STR 581

Ethics is defined as "the moral principles that reflect society's beliefs about the actions of an individual or a group that are right or wrong." (Pierce & Robinson, 2011 p. 74) Just as in one's personal life, ethics plays a large role in the corporate world as well. Ethical considerations for a company's stakeholders must be accounted for when creating a strategic plan. The following paragraphs will focus on the role ethics plays in creating a strategic plan and how those ethical considerations affect the company's stakeholders. In addition, an analysis of how my own ethical considerations have changed in the course of taking the MBA program will also be discussed.

Role of Ethics

When developing a strategic plan, the...