Action Plan to Practice Business Ethics and Social Responsibility Quiz

Study Notes

The module focuses on assisting small businesses in practicing ethics and social responsibility in their operations.

Learning Competencies

Prepare and implement a personal action plan to assist an existing small business enterprise in practicing ethics and social responsibility.
Identify the parts and contents of an action plan.
Construct an action plan that will assist small business enterprises to practice ethics and social responsibility.

Objectives

Appreciate the importance of an action plan to businesses.

Ethics refers to a system of moral principles or rules of conduct relating to human behavior.
Honesty refers to truthfulness, sincerity, or frankness.
Unethical refers to lacking moral principles.

Action Plan

An action plan must have S.M.A.R.T. goals:
- Specific: Clearly defined goals.
- Measurable: Quantifiable elements to measure progress.
- Attainable: Realistically achievable within the given timeframe and resources.
- Results-oriented: Goals should be written beginning with the word "To" followed by result-oriented verbs.
- Timely: Goals must specify the target date or deadline for completion.

Effective Action Plan

Identify the parts and contents of an action plan:
- Objectives (List of Goals)
- Tasks (Actionable Items)
- Success Criteria (What you need to do to achieve the goal)
- Time Frame (by when you need to complete the tasks)
- Resources (what or who can help you complete the tasks)

Implementing an Action Plan

Implementing an action plan means executing the plan and following the steps according to the timeline.
It involves measuring success and identifying the criteria for achieving the goals.

Example of an Action Plan

Objective: Increase the number of employees from 30 to 40 employees at the end of January 2021.
Tasks: Make a poster for the job opening, conduct interviews with applicants, and train qualified applicants.
Success Criteria: Number of contracts signed by January 2021.
Time Frame: End of January 2021.
Resources: Human Resource Department.

Importance of an Action Plan

An action plan helps businesses to achieve their goals and make a positive impact on their practices.
It provides a clear direction and roadmap for achieving specific objectives.

Description

This quiz assesses your understanding of preparing and implementing a personal action plan to assist small businesses in practicing ethics and social responsibility. It covers identifying the importance of ethics and social responsibility in business operations and developing strategies to promote them.