The benefits and risks associated with strategic management
Course:- Strategic Management
Reference No.:- EM131180155

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Overview of Strategic Management with Social Responsibility and Ethics

• What are some fundamental ethical approaches that managers should consider and why? In your view, is there one particular approach that is more essentially important to implement, and/or more universal? Explain

• Discuss in scholarly detail the benefits and risks associated with strategic management.

• Discuss in scholarly detail the purpose of a business strategy and expand on these concepts discussing a differentiation business strategy. Based on this strategies, how could an organization be a late mover and yet succeed with a strategy of differentiation and why?

• Explain the newest trends in mission components and also differentiate between company philosophy and public image and why organizations should consider either or both in its overall mission.

• Discuss in scholarly detail the defining principles and the implementing principles of the corporate social justice approach. In addition, what are some pros and cons associated with these social justice principles and why?

• Discuss in scholarly detail the necessary steps a firm must take when it attempts to incorporate interests of various stakeholders.

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