Running Head: ETHICS REFLECTION PAPER Ethics Reflection Paper STR - 581‚ Week 1 Assignment University of Phoenix Abstract Elements of ethics and social responsibilities while deciding on the strategic planning. “They are supposed to respect the environment‚ pursue fairness in dealing with internal and external customers‚ and strive to improve their communities” (Romani‚ 1998). Many businesses operate unethically‚ but it has adverse effect on the customers. So companies must recognize
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Learning Team Peer Evaluation STR 581 Learning Team Peer Evaluation Team C members discussed the Implementation‚ Strategic Controls‚ Contingency Plans assignment and the feedback provided for each team member’s document. In the discussion‚ each team member had an opportunity to summarize the strengths and weaknesses of each paper. Members noted several areas for improvement and team members will use the suggestions to make revisions to individual paper. Areas for Improvement The most common
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STR 581 Salt Consulting LLC’s Environmental Scan According to Business Dictionary‚ “environmental scanning is the careful monitoring of a firm’s internal and external environments for detecting early signs of opportunities and threats that may influence its current and future plans.” A major objective of Salt Consulting LLC is to predict accurately the influences of these internal and external factors. The long-term goal is to create a profitable organization that recognizes and
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Growth Realization Alternatives Distinguishing one ’s firm from the alternatives is a major concern for any business. Strategic analysis provides the starting point in the strategic management process organizations use to evaluate and choose the competitive advantages that distinguish them from other organizations within the market. Dominating businesses should also "choose among alternative grand strategies to guide the firm ’s activities‚ particularly when they are trying to decide about broadening
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CLICK TO DOWNLOAD STR 581 WEEK 2 QUIZ 1. This environment in the strategic planning process comprises factors in the competitive situation that affect a firm’s success in acquiring needed resources or in profitably marketing its goods and services. 2. The quasi-science of anticipating environmental and competitive changes and estimating their importance to an organizations operation refers to 3. Because the quantity‚ quality‚ price‚ and accessibility of financial‚ human‚ and material resources
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CLICK TO DOWNLOAD STR 581 Week 4 Quiz 1. Which of the following is a generic strategy developed by Michael Porter? 2. Firms that enjoy higher profit margins are using which of Michael Porter’s generic strategies? 3. Which matrix involves a framework that can help ensure that businesses’ strategies are consistent with strategies appropriate to their strategic environment? 4. For the ABC Company‚ the Alpha business is in a dominant market share position in a mature market. As per the
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Strategic Choice and Evaluation STR/581 August 6‚ 2014 Introduction In order for Starbucks to even understand growth‚ they will need to identify their weaknesses as well as implement different strategies to address the weaknesses that were identified. Starbucks needs to consider a value discipline‚ generic strategy‚ and grand strategy to remain competitive in today’s economy. The following paper will discuss strategies recommended as well as provide examples of how combining
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Innovation Strategy Brendaliz Medina‚ Edwin Reyes‚ Jan C. Fernández‚ Rosa Molina & Yahaira Ocasio University of Phoenix STR / 581Strategic Planning and Implementation March 17‚ 2015 Prof. Carmen Bonilla Quianes Innovation Strategy The successful organizations combine technological change and the change of business model to create innovation. Furthermore‚ to effectively incorporate a strong model of innovation in business mentality‚ the leadership team and the Chief Executive Officer (CEO) need
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Alaskan Airlines – Strategic Choice and Evaluation Recognizing an organization’s alternatives for growth is an important process for companies. By evaluating and selecting the competitive advantages within a market a company can distinguish themselves from their competition. For an organization the “grand strategies indicate the time period over which long-range objectives are to be achieved. Thus‚ a grand strategy can be defined as a comprehensive general approach that guides a firm’s
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Ethics Awareness Strategic Planning & Implementation/ STR 581 February 13‚ 2012 Ethics is defined as “the moral principles that reflect society’s beliefs about the actions of an individual or a group that are right or wrong.” (Pierce & Robinson‚ 2011 p. 74) Just as in one’s personal life‚ ethics plays a large role in the corporate world as well. Ethical considerations for a company’s stakeholders must be accounted for when creating a strategic plan. The following paragraphs will focus
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