Strategic Management
Strategic planning for company management has gotten more complex over the years. As times have changed, so have the various factors that a company may face throughout the years. Many things have changed, such as ethical concerns or issues, diversity issues, global nature concerns, and technological advances and innovations. Strategic managers have to be able to adapt their company to the constantly changing factor that the company may face. Strategic managers have to know what ethical concerns or issues the company is facing, the diversity issues in the workplace of the company, global concerns and technological innovations the company will face to shape their strategic plan for the company.
Ethical Issues
There are many major ethical concerns and issues that strategic managers are confronted with constantly. Companies have to meet a standard of being ethical by creating a strategy that entails actions that can pass the scrutiny of the public morals. A company should focus on what it “should be doing” rather than focusing on what they “should not be doing.” By passing the scrutiny of morals, the company can be more ethical in its function. Even though it is hard to determine whether a company is ethical or not, a company can strive to be the best it can, ethically.
Strategic managers have to come up with a strategy that is ethical for the company. For the strategy to be considered ethical, it must contain two major points. The first point that a strategy must contain is that the strategy doesn’t imply actions that are crossing the line of what the company “should do” and “should not do.” If a company continuously focuses on what they “should not be doing” they will never see what the company could be capable of and could still be considered unethical. Ethical decisions can be made by figuring out what a company should be doing. Moral scrutiny will define a company’s strategy. If a company has any kind of shadiness, unconscionable or injury to other
Ethical Issues
There are many major ethical concerns and issues that strategic managers are confronted with constantly. Companies have to meet a standard of being ethical by creating a strategy that entails actions that can pass the scrutiny of the public morals. A company should focus on what it “should be doing” rather than focusing on what they “should not be doing.” By passing the scrutiny of morals, the company can be more ethical in its function. Even though it is hard to determine whether a company is ethical or not, a company can strive to be the best it can, ethically.
Strategic managers have to come up with a strategy that is ethical for the company. For the strategy to be considered ethical, it must contain two major points. The first point that a strategy must contain is that the strategy doesn’t imply actions that are crossing the line of what the company “should do” and “should not do.” If a company continuously focuses on what they “should not be doing” they will never see what the company could be capable of and could still be considered unethical. Ethical decisions can be made by figuring out what a company should be doing. Moral scrutiny will define a company’s strategy. If a company has any kind of shadiness, unconscionable or injury to other
References: 1. Ethical Issues “Chapter 1: What is Strategy and Why is it Important?: Strategy and Ethics: Passing the Test of Moral Scrutiny” 2. Diversity Issues http://ezinearticles.com/?Diversity-in-the-Workplace:-Benefits,-Challenges-and-Solutions&id=11053 3. Global Concerns “Chapter 7: Strategies for Competing in Global Markets: Why Competing across National Borders Makes Strategy-Making More Complex” 4. Technological Innovations http://ecoble.com/2009/01/04/top-15-eco-innovations-of-the-21st-century/ http://objectivelogistics.com/announcements/retail-innovations-for-the-21st-century/