Ethics

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stakeholders in an organization are its investors, sponsors, workers, clients and suppliers. A typical issue that emerges with having various stakeholders is that their different and they have different self-interest. The stakeholder’s interest may be in conflict with one another.

Unethical Company

GT Advanced Technologies (GTAT) is a “diversified technology company with innovative crystal growth equipment and solutions for the global solar, LED and electronics industries ("Gt Advanced Technologies ", 2013).” GTAT supplies the largest American multinational technology company Apple, Inc. with sapphire material for their cellular phone devices, watches, and other technology devices. According to Colt (2014) website “COO Daniel Squiller sold nearly $2 million in company stock before the firm filed Chapter 11 bankruptcy” back in 2014. On an ethical view the company should not be selling shares knowing that they are soon filing bankruptcy.

Preventable Measures

Unethical practices can torment a working environment, even if it is a CEO selling shares, executives stealing money, and or associates leaking imperative information. Unethical practices can harm an organization’s validity, bringing about the business to lose clients and conclusively file bankruptcy. There are many preventable measures that an organization could take to avoid this type of situation. One preventable measure could be a code of conducts which could be written to furnish the associates, supervisors, and administrators with an analysis of the conduct, behaviors, and practices the organization predicts. Another measure could be that associates be held responsible for their unethical situations.

Conclusion

In conclusion the role of ethics and social responsibility in developing a strategic plan is imperative to incorporate building ethics, morals, qualities, and standards for the company, and creating moral and socially capable managers. Managers can do so by upholding the four responsibilities.

References:

Brenner, Steven N. (1992). Ethics programs and their dimensions. _Journal of Business Ethics_ 11 (5-6):391-399.

Colt, S. (2014). Another Exec At Apple’s Sapphire Supplier Sold Tons Of Stock Before The Company Went Bankrupt. Retrieved from http://www.businessinsider.com/exec-gt-advanced-technologies-sold-stock-before-bankruptcy-2014-10

GT Advanced Technologies. (2013). Retrieved from http://www.gtat.com/about-us-overview.htm

Wheelen, T. L., & Hunger, J. D. (2010). Concepts in strategic management and business policy: Achieving sustainability (12th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.