Question

One of the factors determines whether a company's strategy qualifies as "ethical" is whether

a. each element of its strategy can pass moral scrutiny in the sense of not being deceitful, unfair or harmful to others, disreputable, or unreasonably damaging to the environment.

b. its actions and behaviors contribute positively to the well-being of society as a whole and its profit are not obscenely high

c. any aspect of the company's strategic actions can be construed as adversely affecting the natural environment and the long term well being of the planet

d. the company is keeping its prices as low as possible and its product quality as high as possible

e. its actions and maneuvers in the marketplace positively affect the well-being of customers and whether the prices it charges are not obscenely high

Answer 1

Question: One of the factors determines whether a company's strategy qualifies as "ethical" is whether

Answer: Option A. each element of its strategy can pass moral scrutiny in the sense of not being deceitful, unfair or harmful to others, disreputable, or unreasonably damaging to the environment.

It is very important for company to set the ethical strategy in company strategy. There is ethical cultural in many organisations but maintaining & building that culture is most difficult task. Since many organisations doesn’t consider this as a priority.

The organisation should activity involve their employees in corporate governance & ethical practices training program to foster a of ethical business & way to sustain the business for long term.