Ethics, strategic management, StilSim personnel
The past strategic management models focused much on application of resource and external threats. In the 1970s, the technique of strategizing thrived in business schools. Corporate strategy if defined as decisions pattern of a company that reveals and determine its goals, objective or purposes, produces policies and make plans on achievement of the objectives, and defines type of business a company is likely to pursue. While there are similarities between ethics and strategy, there are misunderstandings between the two. Recent thinking in management developments have converged the two. The notion on ethics and strategy are distinct, and separate fields do not hold of recent. Unless it acknowledged that the two should be closely integrated, more problems might be experienced and failures in business.
Morality deals with beliefs, values and norms embedded in a process which define wrong and right for a particular society. The manager is characterized as a moral individual in accordance to the traits. With the moral values, a manager should convey ethical messages, which others can notice. Problems related to morality are associated to harm caused by others. Harming others do not bring any good but prevention of it promotes good. It can be debated that moral issues related to strategic management are complicated because harms caused to other individuals are predictably related to benefits of others. For instance, transformation of an economy to an economy of low wage harms workers who have been displaced but benefits the newly recruited employees and existing stakeholders.
[...] The high costs will be due to training of recruits every now and then. They are also forced to ensure better living standards of these people as some may be brought from far places. This should be dealt with by ensuring that any overhead cost is avoided by the firm. Stilsim should ensure that it establishes a well laid down system of technology to ensure efficient communication. This is because wrongly laid system can cause misinformation that may lead to losses in the firm. [...]
[...] The question arises on how the principles can be applied in management. Stakeholder's perspective It has been argued that managers who are successful must attend to stakeholders' interest. The firm's success is not all about profit making but a means to the provision of shareholders' interest. From the argument, firms should work on stakeholders' range of benefits. Clearly, stakeholders can influence a company's competitive position both negatively and positively. The corporation issue is ignoring of that various stakeholders have different perceptions on benefits and, therefore, solve issue differently and employ different criteria in assessment of intervention. [...]
[...] The notion on ethics and strategy are distinct, and separate fields do not hold of recent. Unless it acknowledged that the two should be closely integrated, more problems might be experienced and failures in business. Ethical issues Moral and Morality Problems Morality deals with beliefs, values and norms embedded in a process which define wrong and right for a particular society. The manager is characterized as a moral individual in accordance to the traits. With the moral values, a manager should convey ethical messages, which others can notice. [...]
[...] It defines if a building is vulnerable to climate related events, and area hazards. It allows a business control the extenuating actions that have been in place to counter these exposures. Through a means of recognition of intimidation that are currently militated in contrary to threats which are not. There can be an accumulation of a recommendation list for enhancement by a firm. In order to be not beaten, assessment of every risk has to anticipate on problems that can be locally identified which link to the business. [...]
APA Style referenceFor your bibliography
Online readingwith our online reader
Content validatedby our reading committee