Ethics In Strategic Planning

Ethics in Strategic Planning

Strategic planning incorporates an organization's mission, vision and provides clear direction/ objectives on how the organization will progress from its current situation to a desired future situation. It goes to the centre of what an organization does; why it does it, how it does it, and where the organization is going. It provides the organization with a structure for understanding its position in the business on both locally and internationally. Strategic planning provides the organization a sense of urgency, direction, and purpose, without planning the organization becomes reactive, vulnerable to threats, and closed to opportunities.

Strategies account for the organization’s weaknesses and possible shortcoming
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Ethics ensure that a organisation achieves its mission, vision, goals, and objectives in such a manner that they give the organisation a sense of direction and framework. Ethics ensure guidelines are created that bind the entire organization into one common thread, govern the action of the organizational employees, and avoid deviation from the desired strategic path. Ethics ensure that strategic plan is prepared as per the best interest of all an organisational’s stakeholders, whether employees, vendors, customers or even the society in which the organization operates.

Adhering to the highest possible ethical standards, and integrating ethics into their strategic planning of an organisation, can build a good corporate image in front of all the stakeholders of the organization either be the investors, customers or vendors etc. Integrating and planning must go beyond compliance issues and reactive disciplinary policies to actually manage integrity.

Five ways an organisation can ensure ethics is included in their strategic planning are:

• Establish explicit ethical goals and criteria,

• Demonstrate commitment to ethical goals and
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Building trust is worth the effort because once trust is lost, it can be very difficult to recover, and however maintaining ethical behavior may not compromise the trust at any given stages.
2. Be honest and supportive
Even when it’s difficult, a leader or managers need to tell the truth at all the times and not just what they might think people want to hear. It is important to understand what employees need to know and communicate facts while being considerate of their effort and sensitive to their feelings. Managers need to showing support and understanding for their team members, even when mistakes are made. It goes a long way in building trust as a leader.
3. Commit to follow through
Even the best-intended talk is hollow if not followed by corresponding action. As a leader one need to say that they will do something only if they are able to follow through, and they should not commit if there is a chance that they won’t be able to deliver. Breaking a commitment can destroy trust that one has built as well as make people less inclined to trust you in the future as their leader. For an example if one has promised to deliver on the software installation on a particular it has to happen on the particular, should one realized that they are unable to meet their deadline one has to inform everybody