Individual assignment Abstract Reviews the role of ethics and social responsibilities in developing a strategic plan while considering stakeholder needs and agendas. Reviews the four key responsibilities and priorities as stated by Carroll; economic‚ legal‚ ethical‚ and discretionary responsibilities. Discusses the importance of integrating ethical and social responsibilities in a strategic plan. Uses Enron an example of a company overstepping ethical boundaries and discusses measures that could
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A Strategic Plan For EA INC Prepared by: Andrew Famogun Email Address: afamogun@email.uophx.edu Date: 10/10/05 Strategic planning is the set of decisions and actions that result in the design and activation of strategies to achieve the objectives of an organization. Why plan? Effective planning leads to: Improved decision-making Higher profitability Lower risk Strategic planning begins by addressing the following three questions. Where are we? (External analysis‚ internal
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AnalyTo: H. Lee Scott - CEO Company: Wal-MartExecutive Summary: First of all‚ I would like to thank you for giving me the honour to analyse you’re dominant and successful organisation. In this memo‚ I am going to discuss the strategic factors facing Wal-Mart‚ the current strategies that the organisation has been following‚ and give a clear understanding and analysis on Wal-Mart’s own resources and objectives. In addition I will examine the external factors to the organisation and its impacts. Ultimately
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humanity N/A IBM MSFT HP EDS Evaluation of Starwood Vision Statement and other competitors: Components 1. Vague or incomplete 2. Not forward-looking 3. Too broad 4. Bland or uninspiring 5. Not distinctive 6. Too reliant on superlatives STRATEGIC MANAGEMENT IBM MSFT HP Page 1 Starwood Hotels and Resorts Case Summary Vision statement should answer the basic question of “What the company wants to become?” According to above table‚ IBM vision
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billion. Nokia currently has about 122‚000 employees across 120 countries and sells in over 150 countries.4 Nokia was the world’s largest mobile phone manufacturers from 1998 to 2012‚ but its market share has significantly declined in the past five years due to intense competition in the smartphone market by RIM’s BlackBerry‚ Google’s Android-based devices‚ and most importantly‚ the Apple’s iPhone.2 Nokia’s stock price dropped over 92% from its high of almost US$40/share at the end of 2007 to only
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PROJECT TIMES AND COSTS Estimating is the process of forecasting or approximating the time and cost of completing project deliverables. Cost‚ time‚ and budget estimates are the support for control. Project status reports depend on reliable estimates as the major input for measuring variances and taking corrective action. Inaccurate estimates lead to false expectations and consumer dissatisfaction. There are reasons why estimating time and cost are important. Below are the following: • Estimates are
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Good Corporate citizenship and Enhance shareholder value STRATEGIC PLAN Boeing continuously scrutinizes its segments and divisions to ensure alignment with the company vision TEN STRATEGY OM DECISIONS GOODS AND SERVICE DESIGN: Boeing is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense‚ space and security systems. Boeing products & services include commercial and military. Boeing product line is shaped by two principles: Building the right airplane:
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Altering the Strategic Plan If the strategy at Riordan does not go according to plan the company will conduct a re-evaluation to determine what the issue is. After evaluation should the organization feel the strategic plan needs to be altered because of inefficiency or goals and objectives are not being obtained then it must change them for the improvement and future of the company. The organization would assess the weaknesses‚ strengths‚ strategic competences‚ and factors critical to the
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leader in cosmetics. It was formed in 1932 by brothers Charles and Joseph Revson and Charles Lachmann with a $300 investment. During Revson’s time‚ a near monopoly on beauty parlor sales was developed brought about by door-to-door sales of nail polish. He expanded into the lipstick market with the slogan “Matching Lips and Fingertips”. Thus‚ after six years the small nail Enamel Company transformed into one of the most recognizable brands and companies in the world. After the death of Charles
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5-Year Plan 1/2. The degree I am seeking out and interested in is a degree in mechanical engineering. I am interested in this degree because I love mechanics and working with my hands. Mechanical engineers analyze problems‚ design mechanical devices to help with these problems‚ develop a prototype of the device and test it‚ and oversee the manufacturing of the device. I want to be in this field because of what they do‚ I want to build and work on machines. I would like to take the mechanical engineering
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