Management Planning Function of a Mortgage Company

Growth at the company led to diversification and decentralization. In turn, the delegation of authority meant that ethical standards for the company needed to be clear, publicized, and enforced (Woodring, 2004). Because the operations of the company involved customers, investors, employees, communities, and a variety of other stakeholders, decisions and behaviors by the company, its managers, and its employees needed to be consistent and fair to everyone affected by the company (Jones, 2003). Planning at the company, thus, was more than developing strategies that would lead to the highest levels of short-term profits.

This current paper evaluates the management planning function of the mortgage-equity investment company within the context of (a) assuring adherence to relevant laws, (b) observing ethical principles, and (c) maintaining socially responsible corporat

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he consideration of a potential action within the context of a single ethical principle, or through the consideration of a potential action within context of the complete ethical principle framework. Individuals typically reach decisions based on ethical principles within the context of an ethical framework (Sims, 1994). The major systems of ethics prevalent in the business environments of the early-21st century are utilitarianism, deontology, and natural law. Utilitarianism is a system of normative ethics that defines "good" as happiness or pleasure (Thompson & Thompson, 2001, p. 22). There are two approaches to the application of the concept of utilitarianism: (a) acting to provide the greatest good for the greatest number of people; or (b) acting to achieve a stated goal, i.e., the end justifies the means (Thompson & Thompson, 2001). Deontology is a system of ethics based on the following tenets: (a) a set of moral rules exists which humans must follow, and (b) the principles underlying these moral rules are unchanging. Deontology is a difficult ethical system to employ because different people may adhere to different sets of moral rules (Thompson & Thompson, 2001). The ethical system of natural law holds that actions
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Approximate Word count = 1360
Approximate Pages = 5 (250 words per page)

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