Ethical Issues in Strategic Management by Audra Bianca - Updated September 26, Strategic management focuses on how an organization uses a strategic planning process to make decisions. All managerial actions must theoretically match an organization's central goals and department-level operational goals. Ethical issues in strategically managed organizations surface when managers make decisions to advance goals that have negative consequences.
Paul Doherty, University of Waterloo Background This course discusses the major areas of concern in the field of business ethics today. In recent years the topic of business ethics has become increasingly important.
This is because ethical choices are intrinsic to all business decisions. Unfortunately it appears that there is no satisfactory standard of ethical action that is agreeable to everyone that a manager can use to make specific operational decisions.
As a result there have been numerous scandals in North America, Europe and around the world.
Many of the most memorable press releases have involved conflict of interest, whistle blowing, fraud, discrimination, unjust dismissal and unethical business practice. Regrettably the moral tone of an organization is often set by top management.
The course provides positions and approaches that can assist decision makers develop policies that respond to the changing social and ethical perspective for doing business. Strategies include stakeholder strategies and social, ethical and environmental leadership.
Students are introduced to the concepts of social entrepreneurship and corporate social responsibility.
All of the prominent issues in the field of business ethics are discussed and positions clarified. Many case studies are reviewed. Module Objectives The objectives of this elective are:THE ROLE OF BUSINESS ETHICS IN STRATEGIC MANAGEMENT.
The role of business ethics cannot be over – emphasized. This is because, business ethics an important topic to the success of a business and gaining competitive advantage.
Strategic Management entails specifying the organization’s mission, vision and goals, developing policies and plans designed to achieve The aim of this Symposium is to reflect on the role of ethics in redefining strategic management in keeping with the challenges of the new millennium.
Ethics in business and management (including strategic management) deals with moral issues (beliefs, norms, values, etc.) arising from activities performed by managers and employees of the corporation.
Business ethics is a term with quite a multif. This essay attempts to provide a useful research agenda for researchers in both strategic management and business ethics. We motivate this agenda by suggesting that the two fields started with similar interests, diverged, and are beginning to converge again.
This book is suitable for academicians, professional students, tutors and practitioners of strategic management, governance and business ethics who are aspiring to become board members, chief executive officers, chartered certified directors, company .
Miriam Schulman is the communications director of the Markkula Center for Applied Ethics. This article is a summary of a talk by Robert Finocchio on March 22, Management guru Peter Drucker was famous for asking his consulting clients the basic strategic question, "What business are we in?" To.