"The strategic purpose of an organization consists of its governing structure, stakeholder expectations, social responsibility and ethics."

• What are the crucial environmental factors you have to consider in designing the governing structure of the organization?

• Managers often consider social responsibility and ethics as a cost and tend to place less emphasis on them. This is an unproductive attitude, but the managers who have a long-term view of the organization consider ethics and social responsibility as instruments of sustainable growth." Critically review the above statement.