Strategic ethics and social responsibility are two of the most important‚ yet perhaps most misunderstood concerns in the world of business today. By their very nature‚ these fields are controversial‚ and there is no universally accepted approach for solving their questions. On the other hand‚ government is encouraging organizational accountability for ethical conduct‚ and organisations are being asked to prevent and control misconduct by implementing ethics programs. By defining strategic ethics‚ we can
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General Motors S.W.O.T Analysis General Motors Corporation (GM) is primarily engaged in the production of vehicles. It designs‚ manufactures and markets car‚ trucks‚ and other automobile parts all over the world. GM has a strong brand portfolio gives it significant competitive advantage. However‚ sustained decline in light vehicle sales as a result of increasing durability of vehicles and weak economic conditional pressure on the overall performance of the company. Strengths Weakness
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General Motors (GM) has a number of reasons for the failure of the company. The main issue that was the most efficient problem was the management inability to foresee and take dynamic action to change. Organizations change in better interest of the customers. Management has to be proactive when deciding on what changes requires active action. Failure to adapt to a positive change will lead the organization to an unsuccessful path. Therefore‚ if organizational performance changes negatively‚ the
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Social Responsibility Report Mantoris Robinson MBA 5400 Fairmont State University Explain what social responsibility means to the author of the book you selected. How does he believe it relates to the current model of corporate accountability as structured through the legal system? The authors of “Natural Capitalism” in my opinion believes that the form in which corporate business creates capitalism is solely allied with social responsibility. If the world were to view capitalism as a living
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GM’s Unit Sales Exposure (Worldwide) 19 5.3 GM’s Auto Revenue Exposure (Worldwide) 21 5.4 Moving to a net income like exposure 22 5.5 Hedging the resulting exposure 23 6. CONCLUSION 24 7. SOURCES USED for INFORMATION 24 1. INTRODUCTION General Motors is a large multinational enterprise with operations in more than 200 different countries. It is an American multinational automotive corporation headquartered in Detroit‚ Michigan and the world ’s largest automaker (2001). It employs 365‚000 people
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“focusing on profit alone can create an unfavorable paradox that causes a firm to fail to achieve its objective” (Ferrell‚ Fraedrich‚ & Ferrell 2009). Company Q’s social responsibility is on a downward trend. Because Company Q took a gamble operating two stores in higher-crime-rate areas and lost‚ their current attitude toward social responsibility is comparable to stock trading: cut your losses and move on to more profitable ventures. This may seem logical from a profit-making perspective‚ however it
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• Economy is a main component is of having a healthy society not suffering from unemployment and inflation. How is it possible to have social responsible executives acting as agents and not as political officials? (Freidman‚ 1970). • The role of the government is to set a balance between the legislative‚ executive and judicial branches. Thus‚ there must be a set of regulations on corporate executives in order not play the role of an elected political official and by not having the complete control
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In recent years‚ the concept of ethics and social responsibility are essential in the business world as society is increasingly paying attention on the social responsibility of the companies and the ethics of their managers. According to Post et al (1996)‚ ethics refers to standards of behaviour and moral judgement differentiating right from wrong. In addition‚ Bartol et al (2003) defined managerial ethics as “standards of conduct and moral judgement managers’ use conducting their business”. The
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Business ethics and Social responsibility This topic is important to me because it refers to the wellbeing of the society we are living in and also to the business world. Business ethics teach us how we should behave in a business environment according to the ethics. According to me the code of ethics teaches us to be much more responsible than what we are now‚ different code of ethics leads us to different ways‚ but the main aim is to be polite‚ honest and respecting each other. The companies
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1. What are the advantages and disadvantages of General Motors’ strategy for operations? GM is now using Toyota’s strategy (partnerships and alliances) for operation in its newest factories‚ located in Argentina‚ Poland‚ and China. The advantages of GM’s strategy for operations are: i) Standardized plants helped cut production costs substantially and allow it to succeed in the world’s emerging markets. ii) Factories are designed with flexibility and efficiency so that each factory can be easily
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