Essay about Mgt 498 - Ethics - 910 Words

Ethics Student Name MGT/498 Due Date Instructor Ethics A business must operate with ethics as a guiding principle to be successful and profitable. A company that is publically traded bears a responsibility of being a good steward of the profits the company earns, for the stakeholders, employees, and clients. The social aspect of a company and ethics go hand-in-hand. If a business fails to act ethically responsible, the result of that behavior can affect it socially. â€Å"The concept of social responsibility proposes that a private corporation has responsibilities to society that extend beyond making a profit† (Wheelen amp; Hunger, 2010, pg. 72). When a company is established, it begins with a foundation constructed from an idea.†¦show more content†¦83). In the present day’s failing economy it is clear to see the consequences of unethical behavior and how it affects everyone involved. Unethical behavior not only affects the business, but also the employees, the stakeholders, When a business fails there is usually a rippling affect in the community and the general population. Enron The best example of unethical behavior can be gathered from Enron. â€Å"Enron, in particular, has become infamous for the questionable actions of its top executives† (Wheelen amp; Hunger, 2010, pg. 80). What occurred with Enron and where it went wrong was the Chief Operating Officer got greedy in addition to everyone else on the corporate ladder. Enron located in Houston, Texas, was an organization that operated commodities, paper, energy, electricity, and pulp products. Manuel Velasquez, an ethics professor at Santa Clara University wrote an article commenting on the many things that went wrong because of the federal government system that was in place. The regulations consist of a business having a set of ethics, but could bend the rules or manipulate the system if needed. The profession of business ethics has long needed a highly practical resource that is designed particularly for leaders and managers -- those people charged to ensure ethicalShow MoreRelatedMgt 498 Ethics Paper743 Words   |  3 PagesEthics Paper MGT 498 October 24, 2012 Ethics Paper The role of ethics and social responsibility aids organizations in developing a strong strategic plan, while addressing the needs of stakeholders. Ethics and social responsibility require social awareness to address the needs of the environment and to increase the knowledge of employees, which will lead to a corporation focused on supplying the customer with what is needed, managers equipped with solid decision-making abilities, and employeesRead MoreEthics Paper MGT/498852 Words   |  4 Pagesï » ¿ Ethics Paper MGT/498 Professor: The primary purpose of ethics and social responsibility is imperative to the way we do business and live amongst society. Ethics most commonly know as the rights and wrongs are principles and standards that establish what is know as acceptable conduct within an organization. Organizations have moral and legal duties to implement ethics when developing a strategic plan while considering stakeholders and consumers, they do not want to beRead MoreWeek 41387 Words   |  6 Pages0 credits) C Communications BCOM/275 BUSINESS COMMUNICATIONS AND CRITICAL THINKING (LD) (3.0 credits) D Business Information Systems BIS/220 INTRODUCTION TO COMPUTER APPLICATIONS AND SYSTEMS (LD) (3.0 credits) C Management I MGT/230 MANAGEMENT THEORY AND PRACTICE (LD) (3.0 credits) B+ Accounting I AC 201 PRINCIPLES OF ACCOUNTING I (LD) (3.0 credits) B NOTE Page 1 of 4 This audit provides an official summary of your applied and deficient credits as of the runRead MoreEthics629 Words   |  3 Pages Ethics Keith A. Bates Sr. MGT/498 4 April 2012 Richard Rignall Ethics Ethics and Social Responsibility in Developing a Strategic Plan Ethics are values that guide personal thoughts and actions in knowing right from wrong. Personal conduct and behavior is based on how the individual views unethical behavior. Social responsibility is the company, management, and employees working and conducting themselves by following rules of society. Companies that include ethics and social responsibility intoRead MoreEthics628 Words   |  3 Pages Ethics Keith A. Bates Sr. MGT/498 4 April 2012 Richard Rignall Ethics Ethics and Social Responsibility in Developing a Strategic Plan Ethics are values that guide personal thoughts and actions in knowing right from wrong. Personal conduct and behavior is based on how the individual views unethical behavior. Social responsibility is the company, management, and employees working and conducting themselves by following rules of society. 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The company was founded by Dr. Riordan, who in 1991 setup headquarters in San Jose, California and has manage to be a dynamic force, changing with needs of the industry. Through a series of strategic decisions, the company managed to purchase the Pontiac, Michigan manufacturing plant in 1992 via a venture capitalRead MoreRiordan Manufacturing Strategic Plan Essay2656 Words   |  11 PagesRiordan Manufacturing Strategic Plan MGT/498 Riordan Manufacturing Strategic Plan Strategic managers have responsibility to both the employees and stakeholders of the organization. Engaging in strategic management decisions should include ethics and social responsibilities. The expectation of such responsibilities from stakeholders is to fulfill legal and ethical economic decisions. Satisfying the purpose of the strategic planning process for Riordan Manufacturing, the managementRead MoreRiordan Manufacturing Strategic Plan Essay3812 Words   |  16 Pages. Riordan Manufacturing Strategic Plan University of Phoenix Strategic Management MGT/498 Riordan Manufacturing Strategic Plan A world renowned plastics manufacturer employing nearly 550 workers worldwide, Riordan Manufacturing Co. a leader in the industry of plastic injection molding, has more than $1 billion in revenue. With operations based in California, Michigan, Georgia, and China, review of current resources within Riordan’s business structure reveal numerous areas in needRead MoreIntroduction to Materials Management169665 Words   |  679 PagesLife 473 Process Capability 476 Process Control 480 Sample Inspection 484 ISO 9000:2000 486 Benchmarking 489 Quality Function Deployment 491 JIT, TQM, and MRP II 493 Key Terms 494 Questions 495 Problems 495 Case Study: Accent Oak Furniture Company 498 Readings 503 Index 509 From the Library of Girro@qq.com 1 Introduction to Materials Management From the Library of Girro INTRODUCTION The wealth of a country is measured by its gross national product—the output of goods and services