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Management And Ethics

Submitted by Westsideokc on May 27, 2006

Category: Miscellaneous
Words: 1217 | Pages: 5
Views: 577
Popularity Rank: 13,695
Average Member Grade: N/A (Add a Comment / Grade this Paper)

Management Planning and Ethics Paper
Organizational planning is one of the most important functions of management, yet many businesses do not realize the impact that outside factors may have on the planning process. This paper will more closely examine those factors, such as ethical and legal issues, and corporate social responsibility, and how they influence corporate decision-making at Target Coporation.
Simply stated, planning is the process of selecting priorities or goals for a business, and then determining how those results should be achieved. Yet, this is a more complex procedure then it seems. Goals must first be identified, plans must be established, and resources allocated. Target also structures the planning around the organizational chart. Decision-making has to go down the chain of command and during this process, appropriate changes are made and new plans are implemented.
This type of corporate governance results in a high degree of accountability on all levels of a corporation, and therefore has a tremendous affect on the way an organization is administered. Some of the principles of this corporate governance include recognizing the legal and ethical responsibilities to stakeholders in the organization. Additionally, roles and responsibilities for the company’s board of directors should be clearly defined, with a strong focus on ethical behavior. As a result, these concepts must be considered when any corporation is in the planning stages of management.
As the collapse of many large organizations, such as Enron and WorldCom have demonstrated, this ethical behavior is not only crucial, but should be monitored and enforced. A strong corporate policy means such factors such as accounting and auditing practices will be followed, but also that guidelines and regulations are strictly adhered to, since these factors determine future business decisions.

Differentiation plays a tremendous role in the...

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