Writing down a code of ethics is one thing and complying with that code and living by that code is another thing. It is the action that speaks volumes. Hence, if the organization believes in doing business ethically, it will formulate strategic plans in such a manner that would be in line with its code of ethics. The companyâ€™s strategic plans and its vision and mission must be aligned with its ethical code. If ethics are not laid down clearly, or plans are made that are not in complete alignment with the ethical code, it would create conflict among the various company stakeholders. Achieving its goals would be difficult in such a conflicting environment. Following ethical code while formulating strategy would also heighten the sense of purpose of the people working towards achieving the companyâ€™s goals. Following ethics at every stage from planning to execution would give the employees and other stakeholders a better feeling. It will also improve the image of the company in the eyes of the public.
Implementing Ethical Strategic Planning
To implement ethical, strategic planning, the company would need the following:
Code of Ethics – To have an ethical, strategic plan, it is necessary to have a laid-out code of ethics. This code of ethics would act as a guide and a point of reference for everything the company does. It is important to have a comprehensive code of ethics to ensure ethical behavior at every point in time.
Communication and Training – It is not enough to have a code of ethics; the company should ensure it is properly communicated to every level and reaches all the concerned persons. Communicating what the company considers desirable values and right actions are of utmost importance. Training the employees, including top-level managers, in ethical behavior is also necessary to ensure ethics in their day-to-day activities.
Making Ethics Non-Negotiable – Having a code of ethics and communicating the same is the primary requirement for ethical, strategic planning. The company must comply with ethical standards the top priority, which is at par with achieving growth and excellence in operations. To develop a culture of ethical compliance at all levels, every decision by the top management must be taken after considering ethical issues. Complying with the code of ethics should be non-negotiable.
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