Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In chossing among strategy alternatives, company managers A. Should recognize that they are duty-bound to make as much money for shareholders as possible and that

In chossing among strategy alternatives, company managers A. Should recognize that they are duty-bound to make as much money for shareholders as possible and that any and all strategic actions that are legal are entirely permissible and defensible in pursuit of this duty B. have no compelling duty to craft a strategy whose elements are considered ethical - their only real duty is to craft a strategy that is calculated to yield a sustainable competitive advantage C. are well-advised to go beyond merely keeping a company's strtegic actions within the bounds of what is legal and consider whether the various pieces of the company's strategy are compatible wiht ethical standards of "right" and "wrong" and duty_what a copmany should should not do D. Should take the position that any strategy that is legal can be defended as appropriate and well within the copmany's right to pursue-any notion that managers should have a moral conscience in making strategic choices is totally inappropriate in business situations E. should recongnize that outsiders have no right to pressure a company to observe so called moral and ethical standards -there is no validity to the notion that a company's strategy should pass any so-called test of moral scrutiny

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management For Decision Makers

Authors: Peter Atrill

9th Edition

1292311436, 978-1292311432

More Books

Students also viewed these Finance questions