Crafting and Executing Strategy
22nd Edition
ISBN: 9781260157475
Author: Thompson
Publisher: MCG
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Chapter 4, Problem 4LO
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To discuss: The way activities of value chain affects cost structure and customer value proposition of a company.
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Discuss how personal ethical values, such as those held by Jane Harris, and corporate ethical values can influence business decisions at GlobalTech. Provide examples from the scenario where conflicts between personal and corporate ethics versus local business practices arise.
- Provides a clear definition of personal and corporate ethical values and their relevance to business decision-making.- Discusses how Jane Harris's belief in ethical universalism influences her decision- making. Examples from the scenario are well integrated.
- Explains the role of corporate ethics at GlobalTech, particularly around sustainability, fair wages, and safe working conditions. Discusses how these values shape business policies and practices.
- Summarises the influence of personal and corporate values on decision-making and how ethical conflicts may affect a multinational business like GlobalTech.
- The discussion is logically structured, with clear argumentation and a coherent flow of ideas.
You will explain what it is, Benefits, Threats, and Ethical Challenges.
Explore strategies entrepreneurs and business leaders can use to balance ethical relativism and universal ethical principles when operating across diverse cultural landscapes, as illustrated by GlobalTech’s expansion into a developingcountry.
-Provides a clear explanation of ethical relativism and universal ethical principles and why they are important in cross-cultural business operations.
- Identifies and thoroughly explains at least three strategies to balance these ethical approaches. Application of examples from the scenario is key, especially in balancing cost savings with ethical standards.
- Examines the challenges faced by GlobalTech and similar businesses in aligning local practices with global ethicalstandards, highlighting possible outcomes of choosing one ethical stance over another.
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