How Organizations Can Promote Ethics
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1. Creating of a strong ethical climate
2. Screening prospective employees
3. Instituting ethics codes and training programs
4. Rewarding ethical behavior: Protecting whistle-blowers
,Wholly Owned Subsidiaries
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foreign subsidiary that is totally owned and controlled by an organization
ethics
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the principles of right and wrong that guide an individual in making
decisions
global strategic management
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most successful firms look global for opportuntiies to grow and develop
saturated domestic mkt> potential foreign mkt
red vs blue ocean strategy
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Red:
compete in existing mkt space, beat competition, exploit existing demand,
focus on value-cost trade-off, make decision to differentiate through
strategic choice and low costs
, Blue:
create new mkt space, competition= irrelevant, creating new demand, focus
on differentiation & low costs, reconstructionist view
Value innovation
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low costs
high buyer value
Blue Ocean Strategy
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strategy where it includes all industries not in existence, unknown market
space
going where the profits and growth is, not where the competition is
task environment
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consists of 11 groups that present you with daily tasks to handle: customers,
competitors, suppliers, distributors, strategic allies, employee
organizations, local communities, financial institutions, government
regulators, special-interest groups, and mass media
Give this one a try later!
1. Creating of a strong ethical climate
2. Screening prospective employees
3. Instituting ethics codes and training programs
4. Rewarding ethical behavior: Protecting whistle-blowers
,Wholly Owned Subsidiaries
Give this one a try later!
foreign subsidiary that is totally owned and controlled by an organization
ethics
Give this one a try later!
the principles of right and wrong that guide an individual in making
decisions
global strategic management
Give this one a try later!
most successful firms look global for opportuntiies to grow and develop
saturated domestic mkt> potential foreign mkt
red vs blue ocean strategy
Give this one a try later!
Red:
compete in existing mkt space, beat competition, exploit existing demand,
focus on value-cost trade-off, make decision to differentiate through
strategic choice and low costs
, Blue:
create new mkt space, competition= irrelevant, creating new demand, focus
on differentiation & low costs, reconstructionist view
Value innovation
Give this one a try later!
low costs
high buyer value
Blue Ocean Strategy
Give this one a try later!
strategy where it includes all industries not in existence, unknown market
space
going where the profits and growth is, not where the competition is
task environment
Give this one a try later!
consists of 11 groups that present you with daily tasks to handle: customers,
competitors, suppliers, distributors, strategic allies, employee
organizations, local communities, financial institutions, government
regulators, special-interest groups, and mass media
