Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

rewrite: While the plan laid out won't guarantee the company will not be put in situations that are unfavorable, it is certainly a good start.

rewrite: While the plan laid out won't guarantee the company will not be put in situations that are unfavorable, it is certainly a good start. The company should keep the momentum going by Regularly reviewing and updating the organization's ethical policies and procedures to ensure they remain effective and relevant. This should be done in response to changes in trade regulations, industry standards, or the organization's operations. The company should also invest in continually expanding their knowledge base as their product base diversifies. A lot of companies think that a compliance manual or policies will safeguard them from violations, but they must keep up with the technology as well

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

Retailing Management

Authors: Michael Levy, Barton Weitz, Dhruv Grewal

9th Edition

0077512375, 9780077512378

More Books

Students also viewed these General Management questions

Question

Explain the arguments in favour ot Affirmative Action

Answered: 1 week ago

Question

Define Management by exception

Answered: 1 week ago

Question

Explain the importance of staffing in business organisations

Answered: 1 week ago

Question

What are the types of forms of communication ?

Answered: 1 week ago

Question

Annoyance about a statement that has been made by somebody

Answered: 1 week ago