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Discussion The current week's readings center around Business Morals, Environmental Sustainability, Corporate Social Responsibility, and Global and International Issues. These aspects are crucial in shaping a company's long-term strategy and achievement. Here are the critical ideas and reflections from the assigned chapters: Chapter 10: Business Morals, Social Responsibility, and Environmental Sustainability Business morals are integral to strategic management. Ethical practices align with societal values and contribute to a business's long-term achievement. Whistle-blowing, payoff, and workplace romance are highlighted as strategic issues, emphasizing the importance of managing these issues effectively. Chapter 11: Global and International Issues Globalization has made doing business globally essential for firms. Understanding the nature of global business, including labour union issues, tax rates, and the advantages and disadvantages of global operations. The challenges facing firms, for example, outsourcing and reshoring, highlight the dynamic nature of the global business landscape. Discussion Questions: Chick-fil-An is closed on Sundays. Is that wise management or irresponsible activism? Examine. This is a mind-boggling question that can be approached according to alternate points of view. On one hand, closing on Sundays can be seen as an insightful management decision that reflects Chick-fil-A's core values and corporate culture. According to its organizer, Truett Cathy, the company's motivation is "to commend God by being a faithful steward of all that is shared with us and to influence all who come into contact with Chick-fil-A decidedly". Chick-fil-A recognizes the Christian tradition of noticing the Sabbath as a day of rest and love by closing on Sundays. It also allows its labourers to contribute energy to their families and networks. This can encourage specialist satisfaction, loyalty, efficiency, and client appreciation and trust. In addition, closing on Sundays can create a sensation of scarcity and anticipation among clients, who will undoubtedly visit Chick-fil-An on various days of the week. A few studies have shown that Chick-fil-An's average sales per restaurant are higher than its competitors, notwithstanding being open for six days instead of seven. Of course, closing on Sundays can be seen as irresponsible activism that forces a strict agenda on a secular society and disregards the prerequisites and inclinations of clients and stakeholders. By closing on Sundays, Chick-fil-A may alienate potential clients who do not share its strict convictions or want to eat at its restaurants on Sundays. This can bring lost revenue, market share, upper hand, negative exposure, and backlash. Also, closing on Sundays may be seen as a kind of discrimination or exclusion, especially considering Chick-fil-A's controversial stance on LGBTQ+ issues. A couple of pundits have argued that Chick-fil-A's Sunday conclusion is not a
certifiable expression of faith; however, it is a marketing strategy that exploits religion to appeal to a conservative client base. ii. Research New Zealand to decide if you agree that the nation justifies its #1 global ranking in attractiveness for doing business. Website http://www.doingbusiness.org/data/exploreeconomies/new-zealand According to the World Bank's Doing Business 2023 report, New Zealand ranks first among 190 economies in the ease of doing business, with a score of 86.8 out of 100. New Zealand offers a favourable regulatory environment for starting and operating a business, with low costs, high efficiency, and strong protection of property freedoms. A portion of the factors that contribute to New Zealand's high ranking are: All that's needed is half a day and one technique to start a business in New Zealand, compared to the global average of 20 days and eight strategies. It costs only 0.3% of income per capita to enrol a business in New Zealand, compared to the global average of 23.1%. New Zealand has no base capital prerequisite for starting a business, compared to the global average of 8.7% of income per capita. New Zealand ranks first on the planet in the ease of getting credit, with a score of 100 out of 100. This means New Zealand has an advanced credit information framework and a strong legal framework for transactions, facilitating business access to finance. New Zealand ranks second on the planet in the ease of paying taxes, with a score of 99.1 out of 100. This means New Zealand has a basic and proficient tax framework, with low tax rates, hardly any payments, and fast compliance. New Zealand ranks third on the planet in the ease of implementing contracts, with a score of 88.7 out of 100. New Zealand has a reliable judicial framework with low costs, brief duration, and great question resolution. Based on these and various indicators, New Zealand justifies its #1 global ranking in attractiveness for doing business. New Zealand offers a conducive environment for entrepreneurship and innovation, with minimal bureaucracy, corruption, and risk. New Zealand also has a stable and democratic political framework, a different and gifted labour force, a top- notch infrastructure, and a serious and open economy. These factors make New Zealand an attractive destination for unfamiliar ventures and trade and a potential good example for various countries.
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