Ethics Paper

In: Business and Management

Submitted By jlgilmore
Words 738
Pages 3
Ethics Paper
Joshua Gilmore
Dr. John Olmstead

Companies and organizations have many plans and goals that are set and chased after year in and year out. The main objective in the end is profits and a company cannot stay afloat if it isn’t profitable. Every company has its ways of being profitable. Ethics plays a large role in a company’s success and could make or break a company in the long run if the company does not practice responsible ethics.
Having proper ethics is very important in our ever day life and now with consumers it is important that our companies and organizations are also acting with proper ethics. Some believe that helping the community around the company and abroad is the ethical thing to do and some believe that providing a good product at a good price is being ethical.

Role of Ethics and Social Responsibility
The concept of social responsibility proposes that a private corporation has responsibilities to society that extend beyond making a profit (Wheelen & Hunger, , 2010). There are many responsibilities in developing a strategic plan and the role that ethics play in the development. Chapter three of (Wheelen & Hunger, p. 70, 2010) speaks on a company that decided to not reach out to its stakeholders before making a move and decided to move to help the community around the company and abroad by spending a lot of the profits to reach out and better the community.
This type of ethics can be very risky. Being ethical and helping the community can do a few great things for the company but in return can cause heart ache between the company, managers and stakeholders of the company. The stakeholders could have had a different plan or a different outlook on giving the community a face lift as described in chapter three (Wheelen & Hunger, p. 70,…...

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