700- to 900-word paper in which you do the following: Explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas. Include at least one example of a company overstepping ethical boundaries for stakeholder agendas, and what types of preventative measures could be taken to avoid this type of situation.
The Role of Ethics and Social Responsibility Name Institutional Affiliation The Role of Ethics and Social Responsibility Introduction Ethics and social responsibility play a crucial role in an organization, especially in the development of a strategic plan. Ethics deals with moral principles that guide the actions of an individual or an organization. Ethical standards are not uniform across regions and organizations as every group of persons will have their accepted codes of ethical standards depending on what they consider right or wrong (Robin, 2007). Social responsibility is the duty that an organization has towards the environment that it operates. An organization should, therefore, balance its economic activities and maintenance of a wellbeing of the society. The role of ethics in the development of a strategic plan Observance of ethical standards in the development of a strategic plan of an organization enables the organization to be in line with the best interest of the stakeholders (Robin