Sample Business Studies Essays On Ethical Obligations of Succession Plans

Homework Question on Ethical Obligations of Succession Plans in Organizations

  1. Do organizations have an ethical obligation to have a succession plan in place?
  2. If no, why not? If so, what is the ethical obligation, and to whom is it owed?
  • Size 12 font,
  • Times New Romans, get at least 200 words in response to this question
  • Does not require single or double space.

Homework Answer on Ethical Obligations of Succession Plans in Organizations

The question of having succession plans in organizations has been extensively discussed in the 21st century. Even though there are some people with contrary views, many authors have argued that it is essential for organizations to have succession plans. Organizations have various, different ethical attitudes on moral reasons. However, development of succession plans is not really an ethical issue for organizations. Instead, ethics deals with development of the moral foundations of strategies for the organization.

From a business point of view, it is good for organizations to have succession plans. Many arguments have been put forward in support of this. For instance, having succession plans help the organizations to easily identify suitable candidates within their workforce for promotion. In addition, the benefits of promoting existing employees outweigh hiring fresh, new ones to do the job. This is because they have already mastered the organization’s business, client base, key customers, resources, and employees’ expertise. In addition, having a succession plan minimizes the level of work disruptions that are associated with hiring new employees when important ones leave the organization.

Homework Help

Having succession plans is neither an ethical or a moral issue for organizations. Instead, it is an issue of creating contingency measures that will make the firm most likely to continue operating smoothly when important employees leave. With this regard, organizations do not have ethical obligations to create succession plans. However, this does not cancel the essential benefits of having succession plans. Therefore, despite the bountiful economic benefits of having succession plans, it is not an ethical obligation for organizations.