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 …show more content…
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 …show more content…
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
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Trust is the foundation of leadership, without which no team can
Leadership and Ethical Dilemmas Joe, I am sure has had a mix of feelings of what he should and shouldn’t have done personally and in his business practices with Bill of Peninsula Hotel. From taking trips, meals, wine from a client and now how to deal with his new and most important situation, how to conduct business for a new contract deal when the business partnership between UWEAR and Peninsula Hotel is more of a business friendship between Bill and Joe. For Joe and his company, he needs to turn the relationship with Peninsula Hotel into a mutual business partnership. Joe needs to realize that his primary goal and responsibility as for someone in sales and contracting should resemble the free market theory.
Managers should have the ability to teach. They are put into power by someone above them, with the knowledge of the job. They must be able to train the people underneath them in the ways that allow them to safely and effectively complete the job. It is up to the management at any workplace to train any employees so staying updated to date and being able to teach effectively are important for a manager. The third important quality ties in with the ability to teach.
Critically compare and evaluate three themes or issues related to the practice of leadership discussed in the readings and set text taking into consideration a Biblical worldview. The three themes that are related to the practice of leadership that I will review are Model the way (leading by example) , Inspire a shared vision (leading continuous change) and Enable others to act (giving others the opportunity to lead and make decisions). In the book the Leadership challenge Kouzes and Posner define "leadership as the art of mobilizing others to want to struggle for shared aspirations.
The earlier opinion stated that a business cannot be ethical, but this opinion is not used anymore in the modern business. Today business has belief that they must be responsible for social since they live and operate within a social structure. The key factors that make business ethics is important at the quarter of the 20th century are corporate social responsibility, corporate governance, and globalized economy. The culture of an organization, or else we can call it as the philosophy of an organization which is related with ethics have a great relationship with the performance of a business in long and short term. As a business is manage by human being, the people who manage a business
It can thus be seen as “a process by which managers discover where they are, where they want to go, how they believe they might get there, if they are getting there, and, as they proceed, if they still want to get there”. To do this efficiently and effectively, planning must take into account both the company’s complexity and its relevant environment. It does so in many ways, which include forming different levels of planning. Effectiveness of anticipation: The starting point for strategic planning is anticipating an action.
A reliable manager must possess leadership skills in addition to managerial skills. The supervisor can turn on or turn off the productivity of his team. It is, therefore, crucial to train your supervisors in the significant management skills such as communication, commitment, and change management. To develop a global vision, all managers need a basic understanding of numbers and financial literacy.
The company could build trust through: • Form teams to solve real work issues and improve the real work processes • Regular team meetings to review project, progress or concern • Team building activities In addition, the company should encourage mutual respect among each other. When people respect the people that you work with, you value their input and ideas, and they value yours.
“Ethics”, in an organizational context, comprises a set of behavioral standards, expressed as norms, principles, procedural guides, or rules of behavior, defining what is appropriate (right) and inappropriate(wrong). Grounded in a system of values and moral principles, these behavioral
Trust yields a sense of safety within a group, when members are safe they become comfortable with each other thus opening up and baring the part of themselves that they would not have done when there was no trust. In an effort to build trust and comfort within the group, I must be innovative and absolutely careful as I am a means of connection between the members. As a Leader, I must be prepared and show interest in members and the group so as to build the foundation of trust. ‘Leaders who show that they are
It is the planning before the action. In includes many activities like making decisions, making strategy for organization etc. At this time strategic planning is an important part of strategic management. Strategy describes how the goal achieves by using the available resources or what kind of resources they need to achieve the goals. This strategy is used when the organization wants to set the goals and wants to make the planning to achieve these goals by available resources.
Introduction Leadership is the art of empowering people around you to achieve a goal. As a leader I want to help others become leaders themselves. I firmly believe that by leading based on my values this will be accomplished. I have had many leadership influences throughout my career. Some of them showed me the way I wanted to someday lead and others showed me exactly how not to.
INTRODUCTION Burger KAMI fast food restaurant which served to prepare the burgers were different from those found in Malaysia. Burger was necessarily meet the aspiration of the people of Malaysia for meat produced meat to make hamburgers come from fresh meat. We produce our own beef burger with certain processes to be used as a meat burger. We have the concept of serving fast food to suit local tastes with fast and efficient service in a comfortable and relaxing environment. Our company will also sell fast food service, eco-friendly appeal to the price conscious, health-minded consumers.
INTRODUCTION: The summation of activities that a business expects to carry out in order to attain longstanding objectives can be defined as organizational strategy. Combined, these activities forms a business’s strategic plan. Strategic plans are developed by various level of management.