Ethics Paper MGT/498

839 Words Nov 21st, 2013 4 Pages
Ethics Paper MGT/498


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 be lied to or cheated into buying a false product. Unethical companies will use aggressive sales tactics and mischievous ways, of doing business to sell, promote and profit from vulnerable consumers. Unethical organizations believe in these tactics
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The Commission also concluded that the overall industry had deficiencies in its internal controls; decision making protocols, training and corporate culture. As a result, the short falls in this disaster were a combination of oversights and negligence from multiple parties thus extending the ethical and social responsibility among internal and external stakeholders (National Commission). As part of the remedy process for the disaster, BP was required to take actions to further enhance the safety of its drilling operations in the Gulf of Mexico. These actions included improved risk management processes such as auditing and verification from third-parties, improved training for its employees, and the implementation of more efficient and safer equipment for well drilling (BP, Investigations and Legal Proceedings). Additionally, the company’s sustainability report for 2012 includes a letter from the Group’s Chief Executive which states that the Organization’s strategy going forward is to create value for its shareholders and supply energy throughout the globe in a safe and responsible manner. The statement goes on to use other key phrases such as becoming a safety leader in the industry, a responsible

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