TAILIEUCHUNG - Lecture Essentials of strategic management: The quest for competitive advantage (4e) - Chapter 9

Chapter 9 - Ethics, corporate social responsibility, environmental sustainability, and strategy. The main goals of this chapter are to: Understand why the standards of ethical behavior in business are no different from ethical standards in general, recognize conditions that give rise to unethical business strategies and behavior, gain an understanding of the costs of business ethics failures,. | Student Version 1 Linking Strategy, Ethics and Social Responsibility In crafting and executing a strategy that delivers value to both customers and shareholders, does a firm have a duty to: Act in an ethical manner? Demonstrate socially responsible behavior by being a committed corporate citizen? Adopt business practices that conserve natural resources, protect the interest of future generations, and preserve the well-being of the planet? 2 2 Crafting and Executing Legal, Moral, and Ethical Strategies To always act in a legal, ethical and moral manner in its relations with all stakeholders To adopt business practices that conserve natural resources and protect the interest of future generations A Firm’s Ethical Duties to Its Stakeholders To demonstrate socially responsible behavior by being a committed corporate citizen What Do We Mean By Business Ethics? Business ethics Is the application of ethical principles and standards to the actions and decisions of business organizations and the conduct of their personnel. How do ethics and business ethics differ? Ethical principles in business are not different materially different from ethical principles in general. Business actions Are judged by general ethical standards of society. Are not subject to more permissive standards. Drivers of Unethical Strategies and Business Behavior The view that “the business of business is business, not ethics” Heavy pressures on managers to meet performance targets Overzealous pursuit of wealth and other selfish interests A company culture that fosters illegal and unethical conduct Reasons for Unethical Behaviors The Business Case for Ethical Strategies Deliberate pursuit of unethical strategies and tolerance of unethical conduct is a risky and costly practice from both a shareholder perspective and a reputational standpoint. Adopting ethical strategies and engaging only in ethical conduct are simply good business. The Sarbanes-Oxley Act (2002) Requires that publically-traded firms .

• Quản trị kinh doanh
• Strategic management
• Competitive advantage
• Crafting strategy
• Executing strategy
• Corporate social responsibility
• Environmental sustainability
• Ebook Strategic management for travel and tourism
• Strategic management for travel and tourism
• Strategic choices
• Strategic implementation
• Analysis in strategic management
• Strategic alliances in the airline industry
• Lecture Strategic management
• Strategic leadership
• Analyzing strategic management cases
• Knowledge management
• Competitive advantages
• Strategic management trade offs
• Bài giảng Quản trị chiến lược
• Key terms
• Strategic thinking development progress
• Comprehensive framework
• Stages of strategic management
• Strategic actions
• Strategic competitiveness
• Strategic management process
• Sustained competitive advantage
• Internal environment analysis
• Human capital moderate the relationship
• Strategic thinking and strategic human resource management
• Human capital to enhance strategic HRM
• Effectively benefit from strategic thinking
• Significant effect on strategic HRM
• Lecture Management the new competitive landscape
• Management the new competitive landscape
• Technology strategy
• Strategic management model
• Cooperative strategy
• Strategic alliances
• Managerial labor markets
• Implementing strategy
• Strategic control
• Corporate governance
• Effective strategic leadership
• Ethical culture
• Learning organization
• Venture creation
• Corporate entrepreneurship
• Lecture Management
• The importance of strategic management
• The strategic management process
• Types of organizational strategies
• Explain why strategic management is important
• Internet strategies
• Competitor analysis
• External environmental analysis
• Business level strategy
• Competitive dynamics
• Competitive rivalry
• Corporate level strategy
• Corporate strategy
• Restructuring strategies
• Effective acquisitions
• International strategy
• International strategy lifecycle
• Managerial Ccontrol
• Organizational structure
• Functional structure
• Internal corporate venturing
• Strategic market management
• Lecture Strategic market management
• Quản lý thị trường chiến lược
• Strategic analysis
• Strategic groups