Assignment Prompt & Instructions
[>Management homework help](https://www.sweetstudy.com/fields/business-finance-management)
– 2 years ago
**files (2)**
– ## BusinessPolicyandStrategyPHI4302_UnitVIIIJournal.docx
– ## UnitVIIStudyGuide.pdf
**## BusinessPolicyandStrategyPHI4302_UnitVIIIJournal.docx**
2
**Unit VIII Journal**
This journal measures your mastery of ULOs 4.3 and 4.4.
You are opening your own small business and want to establish a culture of ethical behavior. What are some procedures you should implement to support an ethical culture? What kind of follow-up process would you establish to monitor the effectiveness of these procedures?
Identify a strategic management skill that you learned or acquired in this course, and explain how you would apply it to improve success in your career in a real-world scenario.
Your journal entry must be at least 200 words in length. No references or citations are necessary.
**## UnitVIIStudyGuide.pdf**
BUS 4302, Business Policy and Strategy 1
Course Learning Outcomes for Unit VII
Upon completion of this unit, students should be able to:
4. Evaluate policy creation strategies.
4.3 Examine the role of ethics in organizations.
4.4 Discuss corporate social responsibility and environmental sustainability in organizations.”
Required Unit Resources
Chapter 10: Business Ethics, Environmental Sustainability, and Corporate Social Responsibility
In order to access the following resources, click the links below.
Christian, L. (2011, June 27). A richer shade of green. The Nation, 292(26), 22–23.
https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?dire
ct=true&db=asn&AN=61138861&site=ehost-live&scope=site
Podgers, J. (Ed.). (2015, August). Corporations have a role (and a gain) in promoting the rule of law. ABA
Journal, 101(8),
67. https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx
?direct=true&db=asn&AN=108693936&site=ehost-live&scope=site
Unit Lesson
Chapter 10 describes the importance of business ethics, environmental sustainability, and social responsibility
in strategic management, including such topics as workplace romance, bribery, pollution abatement,
whistleblowing, and philanthropy. Issues related to these topics can significantly bolster or derail the best
strategic plan, so Chapter 10 explains how these topics can best be managed. This unit will focus on an
organization’s ethics, social responsibilities, and environmental sustainability. Social responsibility is what an
organization does (to be preventive rather than reactive) to protect living things. Living things are considered
as people, animals, and plants. Sustainability is what the organization does to preserve and protect rather
than destroy or harm the environment. Examples of damage include pollution and contamination of a local
area where the organization produces goods. Organizations can make efforts to prevent damages and
maintain a safe and efficient work environment for their employees, community, and customers.
Business Ethics
Good business ethics should be one of the main pillars within any organization. Ethics can impact an
organization’s image, reputation, reliability, and overall business. The textbook describes good ethics as
“good business” (David et al., 2020, p. 301). Thus, bad ethics can cause an organization to fail, even with an
effectively planned strategy. Business ethics is defined as the conduct within an organization that guides
decision-making and procedures. There are seven ethical principles listed in Table 10-1 in your textbook.
Think about how these principles are utilized day-to-day within your favorite product or service.
UNIT VII STUDY GUIDE
Ethics and Social Responsibility
BUS 4302, Business Policy and Strategy 2
UNIT x STUDY GUIDE
Title
Examples of each are listed below:
Principle Description
Trustworthy Ensure you have a positive image that reflects
honesty and is welcoming.
Open-minded Ensure you consider ethical implications both
internally and externally.
Honor commitments Ensure all commitments, warranties, and advice
is honored.
Do not mislead Avoid false advertisements, exaggeration, and
lying to stakeholders.
Responsible Show your community that you care about them.
Eliminate
questionable activity
Be transparent and upfront internally and
externally to your stakeholders.
Treat others as you
would want to be
treated.
Simply put, treat others with dignity and respect.
When you have a moment, search the Internet for large corporations that have faced large class action law
suits due to legal and moral conduct. Some of these corporations have paid billions of dollars in settlements,
some of which are no longer existent. Companies such as Enron and WorldCom (parent company of MCI) are
no longer operating due to their legal breaches and misconduct. These organizations failed due to corporate
greed, poor management, and lack of industry oversight. These failed entities were enormous and created
secondary and tertiary effects that affected the U.S. and global economy for many years. Other products or
services that often mislead consumers are anti-aging and weight loss products. Ethical issues in this area
include false credentials, such as educational attainments or experiences. Transparency is critical, especially
with a social-media-driven society that can receive instant news and updates. Social media is extremely
effective because it is relatively inexpensive, readily available, and easy to use. Social media can be used to
promote a product in a positive or negative manner.
Whistleblowing and Bribes
Whistleblowing is the legal requirement that states every employee has the legal obligation to report unethical
behavior. Sometimes, a whistleblower can receive up to 25% of litigation fines if the organization is found
guilty and penalized. One such example was a whistleblower who alerted the IRS regarding offshore
accounts that were not being taxed appropriately. The IRS awarded over $100 million to this individual. Other
cases included 10s of millions of dollars to whistleblowers.
Bribery is offering, giving (including kickbacks), receiving, or influencing an individual or organization with
services or products in exchange for influence related to a person’s action. Bribes are considered illegal in the
United States, while in some countries, this is normal business and perfectly legal. An example would be a
defense corporation bribing a government-contracting officer to ensure they receive direct source funding.
This would mean that because the oversight leader is being bribed, he or she is influenced to not allow
competing entities the ability to also compete for specific government contracts.
BUS 4302, Business Policy and Strategy 3
UNIT x STUDY GUIDE
Title
Social and Environmental Responsibility
Social and environmental responsibility is an organization’s ability to promote a positive impact within their
community. This can be accomplished through charitable support and protective measures that protect the
environment. Each year, Fortune magazine publishes a list of companies that are admired or unadmired
globally. When you have a moment, conduct a simple Internet search, and locate the most recent list. Do you
recognize any of the companies? Are you surprised by how they are rated? An example of a corporation that
has been socially responsible is the Wal-Mart Corporation. During most major disasters, they have leveraged
their mass transportation network to quickly transport needed goods to affected areas. An example of this can
be seen in the way that Wal-Mart responded during the aftermath of Hurricane Katrina; Wal-Mart was able to
transport food and water to areas that the local and state governments had trouble supporting due to
exhausting all support services. Corporations are also adapting to more environmentally-friendly products and
services. This can include lower emission vehicles, green products becoming commercially available, and
supporting wildlife.
Reference
David, F. R., David, F. R., & David, M. E. (2020). Strategic management: A competitive advantage approach,
concepts and cases (17th ed.). Pearson. https://online.vitalsource.com/#/books/9780135203736
Suggested Unit Resources
In order to access the following resources, click the links below.
The chapter presentation below will provide you with additional information on this unit’s concepts.
Access the Chapter 10 Presentation.
Access for PDF version of the Chapter 10 Presentation.
**## UnitVIIStudyGuide.pdf**
BUS 4302, Business Policy and Strategy 1
Course Learning Outcomes for Unit VII
Upon completion of this unit, students should be able to:
4. Evaluate policy creation strategies.
4.3 Examine the role of ethics in organizations.
4.4 Discuss corporate social responsibility and environmental sustainability in organizations.”
Required Unit Resources
Chapter 10: Business Ethics, Environmental Sustainability, and Corporate Social Responsibility
In order to access the following resources, click the links below.
Christian, L. (2011, June 27). A richer shade of green. The Nation, 292(26), 22–23.
https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?dire
ct=true&db=asn&AN=61138861&site=ehost-live&scope=site
Podgers, J. (Ed.). (2015, August). Corporations have a role (and a gain) in promoting the rule of law. ABA
Journal, 101(8),
67. https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx
?direct=true&db=asn&AN=108693936&site=ehost-live&scope=site
Unit Lesson
Chapter 10 describes the importance of business ethics, environmental sustainability, and social responsibility
in strategic management, including such topics as workplace romance, bribery, pollution abatement,
whistleblowing, and philanthropy. Issues related to these topics can significantly bolster or derail the best
strategic plan, so Chapter 10 explains how these topics can best be managed. This unit will focus on an
organization’s ethics, social responsibilities, and environmental sustainability. Social responsibility is what an
organization does (to be preventive rather than reactive) to protect living things. Living things are considered
as people, animals, and plants. Sustainability is what the organization does to preserve and protect rather
than destroy or harm the environment. Examples of damage include pollution and contamination of a local
area where the organization produces goods. Organizations can make efforts to prevent damages and
maintain a safe and efficient work environment for their employees, community, and customers.
Business Ethics
Good business ethics should be one of the main pillars within any organization. Ethics can impact an
organization’s image, reputation, reliability, and overall business. The textbook describes good ethics as
“good business” (David et al., 2020, p. 301). Thus, bad ethics can cause an organization to fail, even with an
effectively planned strategy. Business ethics is defined as the conduct within an organization that guides
decision-making and procedures. There are seven ethical principles listed in Table 10-1 in your textbook.
Think about how these principles are utilized day-to-day within your favorite product or service.
UNIT VII STUDY GUIDE
Ethics and Social Responsibility
BUS 4302, Business Policy and Strategy 2
UNIT x STUDY GUIDE
Title
Examples of each are listed below:
Principle Description
Trustworthy Ensure you have a positive image that reflects
honesty and is welcoming.
Open-minded Ensure you consider ethical implications both
internally and externally.
Honor commitments Ensure all commitments, warranties, and advice
is honored.
Do not mislead Avoid false advertisements, exaggeration, and
lying to stakeholders.
Responsible Show your community that you care about them.
Eliminate
questionable activity
Be transparent and upfront internally and
externally to your stakeholders.
Treat others as you
would want to be
treated.
Simply put, treat others with dignity and respect.
When you have a moment, search the Internet for large corporations that have faced large class action law
suits due to legal and moral conduct. Some of these corporations have paid billions of dollars in settlements,
some of which are no longer existent. Companies such as Enron and WorldCom (parent company of MCI) are
no longer operating due to their legal breaches and misconduct. These organizations failed due to corporate
greed, poor management, and lack of industry oversight. These failed entities were enormous and created
secondary and tertiary effects that affected the U.S. and global economy for many years. Other products or
services that often mislead consumers are anti-aging and weight loss products. Ethical issues in this area
include false credentials, such as educational attainments or experiences. Transparency is critical, especially
with a social-media-driven society that can receive instant news and updates. Social media is extremely
effective because it is relatively inexpensive, readily available, and easy to use. Social media can be used to
promote a product in a positive or negative manner.
Whistleblowing and Bribes
Whistleblowing is the legal requirement that states every employee has the legal obligation to report unethical
behavior. Sometimes, a whistleblower can receive up to 25% of litigation fines if the organization is found
guilty and penalized. One such example was a whistleblower who alerted the IRS regarding offshore
accounts that were not being taxed appropriately. The IRS awarded over $100 million to this individual. Other
cases included 10s of millions of dollars to whistleblowers.
Bribery is offering, giving (including kickbacks), receiving, or influencing an individual or organization with
services or products in exchange for influence related to a person’s action. Bribes are considered illegal in the
United States, while in some countries, this is normal business and perfectly legal. An example would be a
defense corporation bribing a government-contracting officer to ensure they receive direct source funding.
This would mean that because the oversight leader is being bribed, he or she is influenced to not allow
competing entities the ability to also compete for specific government contracts.
BUS 4302, Business Policy and Strategy 3
UNIT x STUDY GUIDE
Title
Social and Environmental Responsibility
Social and environmental responsibility is an organization’s ability to promote a positive impact within their
community. This can be accomplished through charitable support and protective measures that protect the
environment. Each year, Fortune magazine publishes a list of companies that are admired or unadmired
globally. When you have a moment, conduct a simple Internet search, and locate the most recent list. Do you
recognize any of the companies? Are you surprised by how they are rated? An example of a corporation that
has been socially responsible is the Wal-Mart Corporation. During most major disasters, they have leveraged
their mass transportation network to quickly transport needed goods to affected areas. An example of this can
be seen in the way that Wal-Mart responded during the aftermath of Hurricane Katrina; Wal-Mart was able to
transport food and water to areas that the local and state governments had trouble supporting due to
exhausting all support services. Corporations are also adapting to more environmentally-friendly products and
services. This can include lower emission vehicles, green products becoming commercially available, and
supporting wildlife.
Reference
David, F. R., David, F. R., & David, M. E. (2020). Strategic management: A competitive advantage approach,
concepts and cases (17th ed.). Pearson. https://online.vitalsource.com/#/books/9780135203736
Suggested Unit Resources
In order to access the following resources, click the links below.
The chapter presentation below will provide you with additional information on this unit’s concepts.
Access the Chapter 10 Presentation.
Access for PDF version of the Chapter 10 Presentation.
**## BusinessPolicyandStrategyPHI4302_UnitVIIIJournal.docx**
2
**Unit VIII Journal**
This journal measures your mastery of ULOs 4.3 and 4.4.
You are opening your own small business and want to establish a culture of ethical behavior. What are some procedures you should implement to support an ethical culture? What kind of follow-up process would you establish to monitor the effectiveness of these procedures?
Identify a strategic management skill that you learned or acquired in this course, and explain how you would apply it to improve success in your career in a real-world scenario.
Your journal entry must be at least 200 words in length. No references or citations are necessary.
**## UnitVIIStudyGuide.pdf**
BUS 4302, Business Policy and Strategy 1
Course Learning Outcomes for Unit VII
Upon completion of this unit, students should be able to:
4. Evaluate policy creation strategies.
4.3 Examine the role of ethics in organizations.
4.4 Discuss corporate social responsibility and environmental sustainability in organizations.”
Required Unit Resources
Chapter 10: Business Ethics, Environmental Sustainability, and Corporate Social Responsibility
In order to access the following resources, click the links below.
Christian, L. (2011, June 27). A richer shade of green. The Nation, 292(26), 22–23.
https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?dire
ct=true&db=asn&AN=61138861&site=ehost-live&scope=site
Podgers, J. (Ed.). (2015, August). Corporations have a role (and a gain) in promoting the rule of law. ABA
Journal, 101(8),
67. https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx
?direct=true&db=asn&AN=108693936&site=ehost-live&scope=site
Unit Lesson
Chapter 10 describes the importance of business ethics, environmental sustainability, and social responsibility
in strategic management, including such topics as workplace romance, bribery, pollution abatement,
whistleblowing, and philanthropy. Issues related to these topics can significantly bolster or derail the best
strategic plan, so Chapter 10 explains how these topics can best be managed. This unit will focus on an
organization’s ethics, social responsibilities, and environmental sustainability. Social responsibility is what an
organization does (to be preventive rather than reactive) to protect living things. Living things are considered
as people, animals, and plants. Sustainability is what the organization does to preserve and protect rather
than destroy or harm the environment. Examples of damage include pollution and contamination of a local
area where the organization produces goods. Organizations can make efforts to prevent damages and
maintain a safe and efficient work environment for their employees, community, and customers.
Business Ethics
Good business ethics should be one of the main pillars within any organization. Ethics can impact an
organization’s image, reputation, reliability, and overall business. The textbook describes good ethics as
“good business” (David et al., 2020, p. 301). Thus, bad ethics can cause an organization to fail, even with an
effectively planned strategy. Business ethics is defined as the conduct within an organization that guides
decision-making and procedures. There are seven ethical principles listed in Table 10-1 in your textbook.
Think about how these principles are utilized day-to-day within your favorite product or service.
UNIT VII STUDY GUIDE
Ethics and Social Responsibility
BUS 4302, Business Policy and Strategy 2
UNIT x STUDY GUIDE
Title
Examples of each are listed below:
Principle Description
Trustworthy Ensure you have a positive image that reflects
honesty and is welcoming.
Open-minded Ensure you consider ethical implications both
internally and externally.
Honor commitments Ensure all commitments, warranties, and advice
is honored.
Do not mislead Avoid false advertisements, exaggeration, and
lying to stakeholders.
Responsible Show your community that you care about them.
Eliminate
questionable activity
Be transparent and upfront internally and
externally to your stakeholders.
Treat others as you
would want to be
treated.
Simply put, treat others with dignity and respect.
When you have a moment, search the Internet for large corporations that have faced large class action law
suits due to legal and moral conduct. Some of these corporations have paid billions of dollars in settlements,
some of which are no longer existent. Companies such as Enron and WorldCom (parent company of MCI) are
no longer operating due to their legal breaches and misconduct. These organizations failed due to corporate
greed, poor management, and lack of industry oversight. These failed entities were enormous and created
secondary and tertiary effects that affected the U.S. and global economy for many years. Other products or
services that often mislead consumers are anti-aging and weight loss products. Ethical issues in this area
include false credentials, such as educational attainments or experiences. Transparency is critical, especially
with a social-media-driven society that can receive instant news and updates. Social media is extremely
effective because it is relatively inexpensive, readily available, and easy to use. Social media can be used to
promote a product in a positive or negative manner.
Whistleblowing and Bribes
Whistleblowing is the legal requirement that states every employee has the legal obligation to report unethical
behavior. Sometimes, a whistleblower can receive up to 25% of litigation fines if the organization is found
guilty and penalized. One such example was a whistleblower who alerted the IRS regarding offshore
accounts that were not being taxed appropriately. The IRS awarded over $100 million to this individual. Other
cases included 10s of millions of dollars to whistleblowers.
Bribery is offering, giving (including kickbacks), receiving, or influencing an individual or organization with
services or products in exchange for influence related to a person’s action. Bribes are considered illegal in the
United States, while in some countries, this is normal business and perfectly legal. An example would be a
defense corporation bribing a government-contracting officer to ensure they receive direct source funding.
This would mean that because the oversight leader is being bribed, he or she is influenced to not allow
competing entities the ability to also compete for specific government contracts.
BUS 4302, Business Policy and Strategy 3
UNIT x STUDY GUIDE
Title
Social and Environmental Responsibility
Social and environmental responsibility is an organization’s ability to promote a positive impact within their
community. This can be accomplished through charitable support and protective measures that protect the
environment. Each year, Fortune magazine publishes a list of companies that are admired or unadmired
globally. When you have a moment, conduct a simple Internet search, and locate the most recent list. Do you
recognize any of the companies? Are you surprised by how they are rated? An example of a corporation that
has been socially responsible is the Wal-Mart Corporation. During most major disasters, they have leveraged
their mass transportation network to quickly transport needed goods to affected areas. An example of this can
be seen in the way that Wal-Mart responded during the aftermath of Hurricane Katrina; Wal-Mart was able to
transport food and water to areas that the local and state governments had trouble supporting due to
exhausting all support services. Corporations are also adapting to more environmentally-friendly products and
services. This can include lower emission vehicles, green products becoming commercially available, and
supporting wildlife.
Reference
David, F. R., David, F. R., & David, M. E. (2020). Strategic management: A competitive advantage approach,
concepts and cases (17th ed.). Pearson. https://online.vitalsource.com/#/books/9780135203736
Suggested Unit Resources
In order to access the following resources, click the links below.
The chapter presentation below will provide you with additional information on this unit’s concepts.
Access the Chapter 10 Presentation.
Access for PDF version of the Chapter 10 Presentation.
**## BusinessPolicyandStrategyPHI4302_UnitVIIIJournal.docx**
2
**Unit VIII Journal**
This journal measures your mastery of ULOs 4.3 and 4.4.
You are opening your own small business and want to establish a culture of ethical behavior. What are some procedures you should implement to support an ethical culture? What kind of follow-up process would you establish to monitor the effectiveness of these procedures?
Identify a strategic management skill that you learned or acquired in this course, and explain how you would apply it to improve success in your career in a real-world scenario.
Your journal entry must be at least 200 words in length. No references or citations are necessary.
**## UnitVIIStudyGuide.pdf**
BUS 4302, Business Policy and Strategy 1
Course Learning Outcomes for Unit VII
Upon completion of this unit, students should be able to:
4. Evaluate policy creation strategies.
4.3 Examine the role of ethics in organizations.
4.4 Discuss corporate social responsibility and environmental sustainability in organizations.”
Required Unit Resources
Chapter 10: Business Ethics, Environmental Sustainability, and Corporate Social Responsibility
In order to access the following resources, click the links below.
Christian, L. (2011, June 27). A richer shade of green. The Nation, 292(26), 22–23.
https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?dire
ct=true&db=asn&AN=61138861&site=ehost-live&scope=site
Podgers, J. (Ed.). (2015, August). Corporations have a role (and a gain) in promoting the rule of law. ABA
Journal, 101(8),
67. https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx
?direct=true&db=asn&AN=108693936&site=ehost-live&scope=site
Unit Lesson
Chapter 10 describes the importance of business ethics, environmental sustainability, and social responsibility
in strategic management, including such topics as workplace romance, bribery, pollution abatement,
whistleblowing, and philanthropy. Issues related to these topics can significantly bolster or derail the best
strategic plan, so Chapter 10 explains how these topics can best be managed. This unit will focus on an
organization’s ethics, social responsibilities, and environmental sustainability. Social responsibility is what an
organization does (to be preventive rather than reactive) to protect living things. Living things are considered
as people, animals, and plants. Sustainability is what the organization does to preserve and protect rather
than destroy or harm the environment. Examples of damage include pollution and contamination of a local
area where the organization produces goods. Organizations can make efforts to prevent damages and
maintain a safe and efficient work environment for their employees, community, and customers.
Business Ethics
Good business ethics should be one of the main pillars within any organization. Ethics can impact an
organization’s image, reputation, reliability, and overall business. The textbook describes good ethics as
“good business” (David et al., 2020, p. 301). Thus, bad ethics can cause an organization to fail, even with an
effectively planned strategy. Business ethics is defined as the conduct within an organization that guides
decision-making and procedures. There are seven ethical principles listed in Table 10-1 in your textbook.
Think about how these principles are utilized day-to-day within your favorite product or service.
UNIT VII STUDY GUIDE
Ethics and Social Responsibility
BUS 4302, Business Policy and Strategy 2
UNIT x STUDY GUIDE
Title
Examples of each are listed below:
Principle Description
Trustworthy Ensure you have a positive image that reflects
honesty and is welcoming.
Open-minded Ensure you consider ethical implications both
internally and externally.
Honor commitments Ensure all commitments, warranties, and advice
is honored.
Do not mislead Avoid false advertisements, exaggeration, and
lying to stakeholders.
Responsible Show your community that you care about them.
Eliminate
questionable activity
Be transparent and upfront internally and
externally to your stakeholders.
Treat others as you
would want to be
treated.
Simply put, treat others with dignity and respect.
When you have a moment, search the Internet for large corporations that have faced large class action law
suits due to legal and moral conduct. Some of these corporations have paid billions of dollars in settlements,
some of which are no longer existent. Companies such as Enron and WorldCom (parent company of MCI) are
no longer operating due to their legal breaches and misconduct. These organizations failed due to corporate
greed, poor management, and lack of industry oversight. These failed entities were enormous and created
secondary and tertiary effects that affected the U.S. and global economy for many years. Other products or
services that often mislead consumers are anti-aging and weight loss products. Ethical issues in this area
include false credentials, such as educational attainments or experiences. Transparency is critical, especially
with a social-media-driven society that can receive instant news and updates. Social media is extremely
effective because it is relatively inexpensive, readily available, and easy to use. Social media can be used to
promote a product in a positive or negative manner.
Whistleblowing and Bribes
Whistleblowing is the legal requirement that states every employee has the legal obligation to report unethical
behavior. Sometimes, a whistleblower can receive up to 25% of litigation fines if the organization is found
guilty and penalized. One such example was a whistleblower who alerted the IRS regarding offshore
accounts that were not being taxed appropriately. The IRS awarded over $100 million to this individual. Other
cases included 10s of millions of dollars to whistleblowers.
Bribery is offering, giving (including kickbacks), receiving, or influencing an individual or organization with
services or products in exchange for influence related to a person’s action. Bribes are considered illegal in the
United States, while in some countries, this is normal business and perfectly legal. An example would be a
defense corporation bribing a government-contracting officer to ensure they receive direct source funding.
This would mean that because the oversight leader is being bribed, he or she is influenced to not allow
competing entities the ability to also compete for specific government contracts.
BUS 4302, Business Policy and Strategy 3
UNIT x STUDY GUIDE
Title
Social and Environmental Responsibility
Social and environmental responsibility is an organization’s ability to promote a positive impact within their
community. This can be accomplished through charitable support and protective measures that protect the
environment. Each year, Fortune magazine publishes a list of companies that are admired or unadmired
globally. When you have a moment, conduct a simple Internet search, and locate the most recent list. Do you
recognize any of the companies? Are you surprised by how they are rated? An example of a corporation that
has been socially responsible is the Wal-Mart Corporation. During most major disasters, they have leveraged
their mass transportation network to quickly transport needed goods to affected areas. An example of this can
be seen in the way that Wal-Mart responded during the aftermath of Hurricane Katrina; Wal-Mart was able to
transport food and water to areas that the local and state governments had trouble supporting due to
exhausting all support services. Corporations are also adapting to more environmentally-friendly products and
services. This can include lower emission vehicles, green products becoming commercially available, and
supporting wildlife.
Reference
David, F. R., David, F. R., & David, M. E. (2020). Strategic management: A competitive advantage approach,
concepts and cases (17th ed.). Pearson. https://online.vitalsource.com/#/books/9780135203736
Suggested Unit Resources
In order to access the following resources, click the links below.
The chapter presentation below will provide you with additional information on this unit’s concepts.
Access the Chapter 10 Presentation.
Access for PDF version of the Chapter 10 Presentation.