Strategic Overview, Ethics, and Legal EnvironmentEssay Preview: Strategic Overview, Ethics, and Legal EnvironmentReport this essayStrategic Overview, Ethics, and Legal EnvironmentUniversity of Phoenix1. What legal issues do companies face when creating a strategic plan?In a strategic plan there are many aspects to consider such as focusing on building a solid underlying structure for an organization as well as understanding the goals and mission of that organization. To be able to do this an organization and its managers must chose the best methods of achieving those objectives and put into place a strategic plan to obtain those such goals. During this process the organization and its managers must consider all aspects of the plan which include the legal issues such as Sarbanes-Oxley Act. Other such legal issues include tax litigation and legal disputes with competitors and contractors. Other issues might be customer or employee related such as harassment lawsuits or faulty products, services or promises lawsuits. Finally there is the issue of patents and copyrights, during the products development phase an organization must conduct intensive research to avoid any litigation problems of patent and copyright infringements.
2. Why is an understanding in ethics important to the overall strategy process and how does an understanding of ethics effect the strategy process as it pertains to the organizations stakeholders?
In this situation an understanding of ethics is important to establish the fundamental principles of an organization and its individuals with a clear understanding of its social responsibilities as well. Social responsibility of a corporation and its management is its ability to meet their obligations to their society around them. The corporation needs to avoid any and all activities which may be harmful to the organizations image. During the strategy process the corporation needs to take into account any ethical violations as well as maintaining an understanding of their duties to environmental sustainability. The stakeholders have an interest in how the organization is affected by its decisions and the practices on reducing the impact on the environment and how the public preserves the organization on those actions.
Larger than the Corporation
If a corporate is engaged in a business or investment in ways that hinder the benefits and well-being of a business or investment, it can be expected to consider how those actions, policies, procedures and business practices affect its performance in the long run and whether those actions have a net negative impact to the corporate. The potential impact of a corporate’s actions on the environment may vary between individuals and business, but it may be expected that some of the negative impacts may be attributable to the corporate’s actions. In general, the environmental impacts that can affect a corporation and its management include:
a) It may alter its economic and economic policies. When it increases or decreases its profits, it may decrease its investments, and it may be unwilling to pay more taxes, if it can, as a consequence. And there is no direct evidence, even by industry observers, of this phenomenon.
b) A business will likely have more difficulty sustaining a competitive position when it is able to effectively and consistently increase or decrease its prices and investments.
c) It may have less choice when it is trying to compete with an internationally perceived corporate competitor.
d) A company’s business structure can lead to competitive losses that are more likely to adversely impact its performance than its costs and capital structure.
e) It may not be able to afford employees to be able to choose the right business practices. This can lead to other costs and less efficiency gains on a company investment. When a business is engaged in a business of selling goods and services, the effect of these trade, marketing, and advertising activities will be less on the company’s overall performance in relation to its competitors if at that time the trade, marketing, and advertising activities are not fully executed.
An organization’s environmental responsibility as well as its social responsibility can be made clearer by studying both its organizations’ environmental and related activities in the context of its business, and the impacts it has on its society. Environmental policy is critical to the well-being of corporations and their management, which also includes issues like air pollution, forest degradation, hazardous waste disposal systems, pollution disposal, health-related health risks, and other social and environmental benefits.
The Bottom Line
Social responsibility, however, is not a simple matter. It is important to remember that the organization can do even more to influence societal health and prosperity than this business is able to do. It can help the government create policies that help the community, improve environmental quality, raise local wages and make better use of resources and resources, promote social relations by increasing awareness of local environmental and social resources, reduce the reliance on money by social donors and individuals, and expand public outreach and education to communities. The value for the investment organization of this type increases with the number and scope of the stakeholders involved. Furthermore, it can act as a means of facilitating and supporting business and financial initiatives with the objective of promoting global social equity. When an organization chooses to seek social responsibility, it should also use the opportunity of the organization’s environmental efforts to enhance and improve the lives of others and create healthy environments in an environment with positive ecological and social impacts.
Larger than the Corporation
If a corporate is engaged in a business or investment in ways that hinder the benefits and well-being of a business or investment, it can be expected to consider how those actions, policies, procedures and business practices affect its performance in the long run and whether those actions have a net negative impact to the corporate. The potential impact of a corporate’s actions on the environment may vary between individuals and business, but it may be expected that some of the negative impacts may be attributable to the corporate’s actions. In general, the environmental impacts that can affect a corporation and its management include:
a) It may alter its economic and economic policies. When it increases or decreases its profits, it may decrease its investments, and it may be unwilling to pay more taxes, if it can, as a consequence. And there is no direct evidence, even by industry observers, of this phenomenon.
b) A business will likely have more difficulty sustaining a competitive position when it is able to effectively and consistently increase or decrease its prices and investments.
c) It may have less choice when it is trying to compete with an internationally perceived corporate competitor.
d) A company’s business structure can lead to competitive losses that are more likely to adversely impact its performance than its costs and capital structure.
e) It may not be able to afford employees to be able to choose the right business practices. This can lead to other costs and less efficiency gains on a company investment. When a business is engaged in a business of selling goods and services, the effect of these trade, marketing, and advertising activities will be less on the company’s overall performance in relation to its competitors if at that time the trade, marketing, and advertising activities are not fully executed.
An organization’s environmental responsibility as well as its social responsibility can be made clearer by studying both its organizations’ environmental and related activities in the context of its business, and the impacts it has on its society. Environmental policy is critical to the well-being of corporations and their management, which also includes issues like air pollution, forest degradation, hazardous waste disposal systems, pollution disposal, health-related health risks, and other social and environmental benefits.
The Bottom Line
Social responsibility, however, is not a simple matter. It is important to remember that the organization can do even more to influence societal health and prosperity than this business is able to do. It can help the government create policies that help the community, improve environmental quality, raise local wages and make better use of resources and resources, promote social relations by increasing awareness of local environmental and social resources, reduce the reliance on money by social donors and individuals, and expand public outreach and education to communities. The value for the investment organization of this type increases with the number and scope of the stakeholders involved. Furthermore, it can act as a means of facilitating and supporting business and financial initiatives with the objective of promoting global social equity. When an organization chooses to seek social responsibility, it should also use the opportunity of the organization’s environmental efforts to enhance and improve the lives of others and create healthy environments in an environment with positive ecological and social impacts.
Larger than the Corporation
If a corporate is engaged in a business or investment in ways that hinder the benefits and well-being of a business or investment, it can be expected to consider how those actions, policies, procedures and business practices affect its performance in the long run and whether those actions have a net negative impact to the corporate. The potential impact of a corporate’s actions on the environment may vary between individuals and business, but it may be expected that some of the negative impacts may be attributable to the corporate’s actions. In general, the environmental impacts that can affect a corporation and its management include:
a) It may alter its economic and economic policies. When it increases or decreases its profits, it may decrease its investments, and it may be unwilling to pay more taxes, if it can, as a consequence. And there is no direct evidence, even by industry observers, of this phenomenon.
b) A business will likely have more difficulty sustaining a competitive position when it is able to effectively and consistently increase or decrease its prices and investments.
c) It may have less choice when it is trying to compete with an internationally perceived corporate competitor.
d) A company’s business structure can lead to competitive losses that are more likely to adversely impact its performance than its costs and capital structure.
e) It may not be able to afford employees to be able to choose the right business practices. This can lead to other costs and less efficiency gains on a company investment. When a business is engaged in a business of selling goods and services, the effect of these trade, marketing, and advertising activities will be less on the company’s overall performance in relation to its competitors if at that time the trade, marketing, and advertising activities are not fully executed.
An organization’s environmental responsibility as well as its social responsibility can be made clearer by studying both its organizations’ environmental and related activities in the context of its business, and the impacts it has on its society. Environmental policy is critical to the well-being of corporations and their management, which also includes issues like air pollution, forest degradation, hazardous waste disposal systems, pollution disposal, health-related health risks, and other social and environmental benefits.
The Bottom Line
Social responsibility, however, is not a simple matter. It is important to remember that the organization can do even more to influence societal health and prosperity than this business is able to do. It can help the government create policies that help the community, improve environmental quality, raise local wages and make better use of resources and resources, promote social relations by increasing awareness of local environmental and social resources, reduce the reliance on money by social donors and individuals, and expand public outreach and education to communities. The value for the investment organization of this type increases with the number and scope of the stakeholders involved. Furthermore, it can act as a means of facilitating and supporting business and financial initiatives with the objective of promoting global social equity. When an organization chooses to seek social responsibility, it should also use the opportunity of the organization’s environmental efforts to enhance and improve the lives of others and create healthy environments in an environment with positive ecological and social impacts.