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MGT 498 Week 2 Individual Assignment Ethics Paper
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The Role of Ethics and Social Responsibility in Developing a Strategic Plan
The idea of social responsibility is that private corporations have more responsibility than just making a profit. Strategic decisions affect more than the corporation alone. Decisions that are made for a corporation can affect the workforce, communities, and customers. It is important that business corporations make decisions that are appropriate in their strategies, missions, and objectives. Conflicts of interests have to be dealt with in an ethical manner. Simply put, the corporation has to keep the stakeholder’s needs and agendas in consideration throughout the development of their strategic plan.
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