This website uses cookies to ensure you have the best experience. Learn more

Business Strategic Plan Essay

961 words - 4 pages


In developing a business strategic plan, the goal is to provide a product or service that ultimately generates profit. More so, this plan helps identifies a business desire at a particular time during the life-cycle, which is beyond the day-to-day operations ( OR ( In doing so, incorporating business ethics and social responsibilities initiatives, policies, or best practices are key. For this reason, the dedication consumes a significant amount of time in the decision making process. Each decision made must be carefully thought out and demonstrate that ethics and social responsibilities were taken into consideration. Consider cases such as, Xerox, Worldcom, Merrill Lynch, etc. where unethical decisions were made, which lead to a scandal. Yet, the challenges in developing a strategy that provides profit, includes an ethical business approach, and achieves maximum social benefits through programs and projects can become difficult, if not accurately designed (BOOK, 63).

Scope of Analysis
This analysis highlights the roles of ethics and social responsibilities when developing a strategic plan and the importance of stakeholders during this process. To conclude this analysis, a personal perspective towards ethics will be shared.

In general, ethics and social responsibilities plays a role by allowing a business to operate effectively, generating a honest profit, maximizing social benefits, increasing the confidence of the public, strengthening the relationship with stakeholders, providing an effective framework for conducting business, adding value to the business image, etc. To begin, developing, implementing, and enforcing policies company-wide will increase the awareness of individual expectations. By the same token, educational opportunities should be available for employees to engage in learning and understanding the rational for each policy. Even more important, this provides accountability and demonstrates how a business should function as a cohesive unit.

Ethics provides a framework for recognizing unethical actions. It is important to understand that in some cases, unethical actions are not always illegal. Ethics are morals, theories or a system for dealing with the concept of good and bad; which includes the anticipated moral duty and obligations ( Simply illustrated, with concepts such as, character, professionalism, creditable, trustworthy, etc. are ways to generalize the meaning of ethics.

In this evolving world, the alarming concern is that ethics is a combination of preferences and the ethical standards can vary from business to business, which can cause dilemmas. On the other hand, ethics helps determine if actions and practices are at standards and being maintained through business activities such as programs,...

Find Another Essay On Business Strategic Plan

Importance of Strategic Planning and Management in the Business Environment Explain why a strategic plan would be important to the success of this business. Explain the four functions of management

953 words - 4 pages The small business I would like to start would be a candy store. This paper will define strategic management, planning and explain why a strategic plan is important to the success of this business, and explain the four functions of management relative to creating and implementing a strategic plan.Strategic Management is the groundwork for a company's vision and allows a company to be ready to capitalize on opportunities. Strategic management is

Strategic Plan Essay

6361 words - 25 pages strategic plan. One being inspiring moments of optimism and happiness, and the other is constant development of markets.Coca-Cola utilizes technological innovations at virtually every level of production. The company centralizes their focuses on a "downstream business model with distribution control" (Harvard Business Online, 1999, p. 1). This means the company attempted to increase its manufacturing to increase its productivity. The company has "built

Strategic Plan

2205 words - 9 pages Apple Inc. is a leading worldwide retailer of computers, cell phones, tablets, and other entertainment items. Apple needs new development techniques, product development and a leader in the mobile market. The implementation plan below will show the group of action best suited for the corporation along with the implementation process, assessed risks, and financial projections used as the basis for moving the business forward. Implementation Plan

Strategic Plan

5412 words - 22 pages production network with a plant in [Shenyang, Lianoning in] Northeast China. The plant, a joint venture between the BMW Group and Brilliance China Automotive Holdings Ltd., produces vehicles solely for the local market and contributes to developing and penetrating the Chinese market" (BMW-Shenyang, 2007). This paper contains a strategic human resources management plan taking into account the cultural and regional differences impacting global HRM

Strategic Marketing Plan

1580 words - 6 pages that match with their present competence and marketplace and sustain them. Therefore, to recognize what strategic marketing planning is is necessary. Generally, strategic marketing plan is a plan that reports business what they should do when opposite the natural environment change or other factors. It is made for long period, between three and five years or more. Before beginning to insert the method, it is beneficial to comprehend how strategic

Hospital’s Strategic Plan

1074 words - 5 pages is a “living, breathing and critical part of how we do business." (Hino, 2013) All strategic plans must include following items: 1. Mission of the company 2. Vision of the company 3. Values of the company 4. Long-term strategic goals 5. Short-term strategic goals 6. Strategic thinking 7. Key stakeholders should be identified 8. The strategies should be evident in the plan. Every company must have strategic plan, it is like a bible for any

Strategic Management Plan

1389 words - 6 pages domestically and internationally. As a result, it contributes to the preservation and conservation of the global environment. The company needs spread its business activities in order to create a compelling image for its products and improve its performance. Following this the company requires to come up with a strategic management plan for helping it reach its goal. The plan forms abroad analysis by the PPQ’s management team with an aim of changing

Strategic Plan Development Paper

1672 words - 7 pages AbstractAll organizations should have a Strategic Plan to ensure their vision and goals can be obtained with as few problems as possible in any business adventure. The organization that Team B, has selected is a new division within The Shaw Group Company, which falls under the Shaw Environmental & Infrastructure (Shaw E&I) Division. This division has many independent business lines that make up the total group and now a new business line

Final Strategic Plan

2271 words - 9 pages prestigious flower store in the nation. Lovely Flowers strategic plan is to become recognized in the nation for being prestigious flower business in the next five years.Business ValuesThe value of a business describes the dedication to achieve a purpose (Posner, 2009). The value can also be a philosophy that a business appreciates and believes is meaningful (Posner, 2009). Lovely Flowers's value is reflected on its mission statement. Customer

Developing a Strategic Plan

1894 words - 8 pages organization’s goal and capabilities and its changing marketing opportunities. It involves defining a clear company mission, setting supporting objectives, designing a sound business portfolio, and coordinating functional strategies. Strategic planning sets the stage for the rest of the planning in the firm. Companies usually prepare annual plans, long range plans, and strategic plans. The strategic plan involves adapting the firm to take advantage

Final Strategic Plan

4456 words - 18 pages Final Strategic Plan PAGE \* MERGEFORMAT 3 Running head: FINAL STRATEGIC PLANFinal Strategic PlanGerald CooperUniversity of PhoenixIntegrated Business TopicsBUS/475Michael EsquivelFebruary 23, 2009Final Strategic PlanThe importance of strategic planning and management in business cannot be overlooked due to the unstable business markets that we live today. Leaders within organizations must understand planning and strategic management and have

Similar Essays

Strategic Business Plan Essay

1863 words - 7 pages are going to sell it, how much contribution the sales will produce, what the marketing and selling cost will be, and what will be the ROI. Research would be your next step. Your market research should focus on the information you need, to help you to formulate a strategic plan and make business decisions. Market information potentially covers a vast range of data, from global macro-trends and statistics, to very specific and detailed local or

Business Model And Strategic Plan Part I

2506 words - 10 pages BUSINESS MODEL AND STRATEGIC PLAN 13Business Model and Strategic Plan Part IBUS/475Castle DongSeptember 15TH, 2014Brian GahanBUSINESS MODEL AND STRATEGIC PLAN 1Executive SummaryIn today's economic environment, businesses and corporations must meet the customers' demand by create differentiable value. To achieve this goal, organizations must have clear Mission and Vision statements to lead the way, also a certain synergy between innovation and

Qvc Inc Analysis Of The Company. Strategic Business Plan

2028 words - 8 pages formula of strategic actions and resources. The strategy that prevailed was the most logical plan with a moderate level of risk to the company.CASE FACTS:A sharp rise in the demand for electronic retail services has opened the gates for competitors of all sizes to try to grab a piece of the market share. The barriers to entry in the industry were essentially struck down with the rise of e-commerce, leaving anyone with a computer in a position to become

Business Model And Strategic Plan Part Iii Balanced Scorecard And Communication Plan

763 words - 3 pages Running head: Business Model and Strategic Plan Part III: Balanced Scorecard and Communication Plan PAGE 1 PAGE Business Model and Strategic Plan Part III: Balanced Scorecard and Communication Plan PAGE 5 Business Model and Strategic Plan Part III: Balanced Scorecard and Communication PlanEric GibbsBUS/475Wednesday, August 20, 2014TINA WALKERBusiness Model and Strategic Plan Part III: Balanced Scorecard and Communication PlanThis paper