18. In class, I suggested that there are three levels of ethics through which we need to consider marketing. Select those three ethical areas from the following list.
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- Please answer all 3 subparts Question 1 (i) Which of the following statements is most likely to lead to an effective code of ethics in a corporate governance?A. If leadership reflects management's personal values.B. When the unwritten code of ethics is effective in influencing behaviour.C. If the rules on ethical behaviour in the code of ethics are prescriptive and explicit. D. When management behavior is congruent with the principles of the corporate code of ethics. ii) Narrative reporting provides benefits such as:i. Providing a broader, more meaningful understanding of an organisation's business. ii. Improvement in the quality of information available to providers of financial capitaliii. Promotion of a more cohesive and efficient approach to corporate reporting.iv. Provide information that are easier to comprehend A. i onlyB. ii and iii onlyC. ii and iv onlyD. All of the above (iii) In which of the following scenarios would there be more rules and regulations?A. A jurisdiction…1. What key environmental changes do you think will increasingly force managersto be proficient at conducting environmental analyses? (150 words) 2. What are the most difficult environmental analysis skills to develop? What aresome possible means of ensuring that you have these valuable skills? (150 words)You're the type of person who is always terrified of failure, avoids contentious circumstances, and is afraid of losing your job, putting your ethical beliefs on the line. The circumstances listed below will put your ethical standards to the test. What would you do in these situations? Keep in mind that you must be honest and provide outstanding explanations. Situation 1: Protecting a friend who’s drinking is causing problems in the company Situation 2: take credit to the work done by the others. Situation 3: Company engaging in false marketing.
- How do I respond to this in 100 words? Environmental change can impact a firm in a rapid or sudden manner, while firms that are doing well will take the necessary steps to capitalize on new ways to limit the effects that has been impactful resulting in change. “Change can be brought about by factors such as the need to address increased competition, improve quality or service, reduce costs, or align the firm with the practices and expectation of its partners” (Parnel1, 2017, p. 260). The environment that we live is being impacted by how we sustain our lives. Changing strategies within environmental changes can be a complex process and is important to understand how strategic changes may affect consumers and employees while strategic changes that may not be warranted by the benefits. For example, renewable resources are replaceable energy resources which can be used for survival. “Energy is the lifeblood of the global economy” (Blanks, 2004). The sources of energy on our planet…1. The business that I will start is a Coffee business.As a result,it aims at solving the problem of- -Quality of coffe bean -Coffee brewed properly -To take it from a common coffee to a global drink -To create acceptance through all age segments -To supply coffee globally that is of quality 2.The product or service -Quality coffee having no match in the industry -Ease of use and less time of preparation -Include variants to suit each ones taste -Build on the benefits of different types of coffees 3.Target market- -Young People -Coffee lovers -Office workers -Foodgram 4.Competitors- -Coffee estate owners -Local coffee manufacturers -Coffee companies as it forms a substitute 5.Promotion -Advertisement from Instagram-Ads -Café’s interior design -10% discounts for first purchase -Special offer on customer’s birthday Based on the business idea above, do the following: How do you increase the interaction and interest of your audience during your time communicate the business idea?1. The business that I will start is a Coffee business.As a result,it aims at solving the problem of- -Quality of coffe bean -Coffee brewed properly -To take it from a common coffee to a global drink -To create acceptance through all age segments -To supply coffee globally that is of quality 2.The product or service -Quality coffee having no match in the industry -Ease of use and less time of preparation -Include variants to suit each ones taste -Build on the benefits of different types of coffees 3.Target market- -Young People -Coffee lovers -Office workers -Foodgram 4.Competitors- -Coffee estate owners -Local coffee manufacturers -Coffee companies as it forms a substitute 5.Promotion -Advertisement from Instagram-Ads -Café’s interior design -10% discounts for first purchase -Special offer on customer’s birthday Based on the business idea above, do the following: a. How do you communicate these business ideas creatively and innovatively to potential investors. Use the core…
- 1. According to the concept of creating shared value (CSV), when business leaders are required to choose between social and economic goals, the tendency is to choose the social goals. TRUE FALSE 2. Disruptive innovation is a process by which a product or service takes root initially insimple applications at the bottom of a market and then relentlessly moves up, eventually displacing established competitors. TRUE FALSE 3.Reverse innovation can drive growth for companies in a global market where much growth is occurring indeveloped countries. TRUE FALSEEthics Many not-for-p,ofit and ,eligious organizationshave found that they can be more successful by mar- keting their ideas. What are some ways that these organizations market themselves that are similar to and different from the marketing by for-p,ofit businesses?Is it ethical for churches and religious organizations tospend money on marketing? Why or why not?Starting up and managing a business requires one to act responsibly and ethically at all times. It isalso imperative that one carefully considers the management team and the opportunities thatfranchising presents to a business to create a bigger brand name and increased market share. 1. Discuss some of the ethical dilemmas that your business might be faced with.
- Krispy Kreme Doughnuts, Inc., 2015 www.krispykreme.com, KKd Copyright by Fred David Books LLC. www.strategyclub.com (Written by Forest R. David) Based on the given case above ; 1. Read and evaluate the mission statement of that organization accordingly. 2. Identify whether the mission statement is good or not good. State reason for your answer. A detailed analysis of the mission statement is given with correct components and the legend.Ethical Dilemma: Do you think the company’s reaction to reports of hazardous ingredients hurt its reputation for honesty and ethical behavior? Do you think the company’s missteps caused Unilever to shy away from acquiring the company? Or, do you take the stance that Alba’s entertainment background played a part in the press going after the company? If you were an advisor to the new CEO, what suggestions would you give him for getting the company back on track, especially when it comes to corporate social responsibility?How do I respond to this in 100 words?Environmental changes can have a significant impact on a firm and its strategic management. These changes can come in various forms such as climate change, government regulations, technological advancements, and shifting consumer preferences. As these changes occur, firms must adapt and adjust their strategies to remain competitive and sustainable in the market. For example, let's consider a firm operating in the energy sector. As environmental concerns grow and governments impose stricter regulations to reduce carbon emissions, the firm's strategic management must respond to these changes. The firm may need to invest in research and development to develop new renewable energy technologies and shift its focus away from fossil fuels. This could involve investing in wind or solar power projects, developing energy-efficient technologies, or exploring alternative energy sources. These environmental changes can also present opportunities for the firm.…