Business Questions on Ethics, Strategic Plan etc Essay

Business Questions on Ethics, Strategic Plan etc - Essay ExampleReligion is non just about beliefs. In fact, the religion guides its followers towards a complete way of life that is ethically justified and is meant to spread peace in the ordering. The different standards of ethics amongst communities dwelling in the same dictate fundamentally arise from the difference of religious teachings of the different communities. People living in a accredited bureau have their customs, values, and traditions that are a reflection of the geographic, political, and socioeconomic history of that place. all over the time, the customs and traditions ratified by a vast majority of the people are recognized as ethics in that society. Ethics play a very important role in the pipeline today. There is a lot of evidence to suggest that the world today is not as healthy and clean place to live in as it in one case was. This is primarily attri onlyed to the false and objectionable condescension pr actices that have been in place over a long time in the history. There is a greater violence from the society upon healthy business activities to reduce the negative environmental effects of the business. The term used for environment-friendly businesses is squirt business. Companies are encouraged to compete with iodin another to become greener as it is seen as one of the pre-requisites of success for the company. On the other hand, businesses today are expected to fulfill the demands of corporate social responsibility, which basically means that a business that is only profitable to the business owner today is not sufficient. In order for the business owner to be successful and gain competitive advantage, it is imperative that the business benefits the society as well. It may benefit the society in a number of ways that include but are not limited to reducing unemployment, finding the cure of diseases, creating knowledge, and doing research and development for the benefit of t he society. Over the time, people have become more conscious about their health and safety which has imparted a bring for the regulatory bodies to oblige the entrepreneurs to abide by the rules of ethics so that the business can be do greener, and its positive role in the development of the society as a whole can be enhanced. Q. 2 Answer The strategical object can be considered as a kind of business devise, though there are certain differences between the two. The main purpose of making a strategic plan is to implement an organizations strategic direction and manage it, thus it is made once the organization or business has been established already whereas the business plan is required at the stratum of starting a new business, gathering the required funds, and directing its operations. In this way, the strategic plan is face-saving for the businesses that are already established but need to be expanded but the business plan makes an entrepreneur prepared to commence a new bus iness. The business plan examines the business potential for success, the competing sedulousness and the business competitive advantages (Smith). The timeframe covered by the strategic plan is different from that covered by the business plan. While the time covered by a strategic plan ranges from three to five eld in general, the business plan is commonly made to last for a year only. The strategic plan is critical to enlarge the revenues and maximize the return on investment of a business as it prioritizes the resources plot of ground the business plan is needed when the entrepreneur needs funding. The strategic pla