Business Ethics & Corporate Governance

SUMMARY: In this chapter, we discussed, strategic management - an overview, ethical issues in strategic management, ethical decision-making model, and principles underlying an ethical approach to strategic management. Organizations while making strategic decisions face some ethical issues.

Ethical issues such as setting vision, senior manager's remuneration, implementing strategic change, changes in organization ownership and global strategic operation question the management to what extent such decisions are proper. In such a scenario mangers make use of ethical decision model, to make a right decision.

And while taking decisions an organization should know the principles that enable an ethical approach to take strategic decisions.