Gary Dessler wrote that planning is, "the process of establishing objectives and courses of action prior to taking action" (Dessler, 2001). Business plans at (My Company) are built by completing thorough business assessments, making operational plans and making the financial decisions to provide the monetary resources to put the plan in action. Planning is important at all levels of management and its importance is often overlooked causing failures in many aspects of the daily operation of a business and the overall business plan of a corporation. The ongoing evaluation and analysis of the planning process is necessary to improve the overall process to keep the company in line with the latest changes in the industry. Therefore, this paper will discuss how legal issues, ethics and corporate social responsibility impact management planning at (My company).
Ethics
Business ethics is defined by the staff of Business for Social Responsibility as, "How a company integrates core values - such as honesty, trust, respect, and fairness - into its policies, practices, and decision making. Business ethics also involves a company's compliance with legal standards and adherence to internal rules and regulations" (http:/ /www.bsr.org/BSRResources/WhitePaperDetail.cfm?DocumentID=48815). The legal issues dealing with corporate financial reporting and unethical organizational behaviour from companies such as Enron, Tyco and Adelphia Cable, caused (My company) to re-evaluate and change its business planning strategy in a way to ensure the company maintains the trust it has with its employees, customers and investors. To ensure accurate financial responsibility, (My company) developed a code of ethics strictly for its Senior Financial Officers that is to be strictly enforced with all complaints being investigated through a third party organization that reports any financial issues directly to an independent audit firm. The ethical behaviours of the company's employee's daily activities are also closely monitored to maintain integrity ...