Strategic Management

Venetric Lewis

MGT/498

Eligah King

June 2, 2011

ETHICS PAPER

The Strategic Management process has a Five-component approach, which is Vision,

Evaluation, Implementation, Strategies, and Mission. The Vision leads to the Mission statement

this converts the performance to strategic and financial objectives. The objectives include long

in addition, short range objectives with specified times and performance. To achieve objectives

the strategies’ has to be implemented and developed. Their needs to be recognition of

opportunities, threats and entrepreneurial. The three components of the mission statement is how

the company will provide services and products, and who is the targeted customer group. Also,

to achieve strategies’ there has to be actions that consist of dynamic approaches of external and

internal forces. The factors that affect the strategies’ is the company regulatory and political

forces, company culture, competitive and industry conditions, ethical and society forces,

personal ambitions, organizational weakness, and strengths. The organization has to be

structured into a “making it happen” mode, which creates a good work environment by

budgeting and motivating to be able to delegate to others. Strategic planning generally is

directional chart that the organization should take into consideration. Strategic planning is vision

based and driven by leadership. The leaders guide the organization towards established goals and

principles. This gives the company a sense of purpose with a strong identity, it defines what they

do and who they are.

Marketing within any business organization is the functional area that gets the most

criticism socially. Ethics and Social support for an organization is of most importance. A culture

is developed and perceived within ethical outcomes that supports the organization. In the role of

ethics and...