Strategy, Law and Ethics of Information ManagementWrite an essay about the intersection of strategy, law and ethics of information management in organizations ( maximum 1000 words). For this essay, strategy refers to efforts aimed at achievement of an organization's goal of earning profits. Law refers to making sure that the efforts to earn the profits are legal. Ethics refers to making sure that the efforts to earn profits are ethical or morally right according to some ethical principles. If you consider that a practice is unethical, refer to one or more ethical principles that are violated by this practice. If you consider that a practice is illegal, refer to one or more laws that are violated by this practice. Identify at least one practice of each of the eight kinds mentioned below. The eight examples of organizational practices discussed in your essay can be either previously documented examples of real practices or hypothetical but realistic examples that support your points of arguments. 1. profitable-ethical-legal2. profitable-ethical-illegal3. profitable-unethical-legal4. profitable-unethical-illegal5. unprofitable-ethical-legal6. unprofitable-ethical-illegal7. unprofitable-unethical-legal8. unprofitable-unethical-illegal

QUESTION 1Employees from different departments such as marketing, production, finance, and human resources are brought together to form a team responsible for creating a strategic plan to serve customers. This is an example of a _____.cross-cultural teamcross-functional teamtraditional teamtop-management teamQUESTION 2Run for the Cure is an annual marathon that raises money for conducting research on breast cancer. Marketers advertise through local media to attract participants and volunteers for the event. Which of the following types of marketing is depicted in this scenario?Place marketingProduct marketingOrganization marketingService marketingQUESTION 3The _____ for a soft drink manufacturer would include other manufacturers of soft drinks, fruit juices, bottled water, sports drinks, caffeine-free colas, and dairy beverages.competitive environmenttechnological environmentcooperative environmenteconomic environmentQUESTION 4It is important for a mission statement to be _____ because it provides a shared sense of purpose outside the various activities taking place within the organization.internally focusedproduct orientedmotivationalgenericQUESTION 5Which of the following organizational growth strategies aims to find new customers for its present products?Customer retention strategyProduct differentiation strategyMarket development strategyMarket penetration strategyQUESTION 6The mission statement of an organization should primarily have a(n) _____.product focusexternal focusinternal focusselling focusQUESTION 7While choosing an appropriate strategy to establish competitive advantage, management should choose an organizational strategy that:allows the organization to practice the strategy of differentiation rather than cost leadership.tries to succeed by following all strategies and trying to be all things to all people.bears consistency with the organization's mission and capitalizes on its distinctive competencies.empowers the organization to grow without creating new products or entering new markets.QUESTION 8Which of the following statements best describes the role of marketing executives in the strategic planning process?Marketing executives must always be aware of what the process of strategic planning involves as well as the results.Marketing executives should make plans that are independent of the strategic plan.Marketing executives receive suggestions from the strategic planning team and implement the suggestions relating to customers, products, and middlemen.Marketing executives are not involved in the strategic planning process because this process is the sole responsibility of top management.QUESTION 9_____ includes all the activities that lead to the development of a clear organizational mission, organizational objectives, and appropriate strategies to achieve the objectives for an entire organization.Marketing mixMarketing planningStrategic planningMarketing conceptQUESTION 10An organization's mission statement must be _____ to be able to provide direction and guidelines to management when they are choosing between alternative courses of action.challengingbroadgenericspecificQUESTION 11Which of the following is a difference between an organization with market orientation and an organization with production orientation in terms of interest in innovation?An organization with market orientation sells what it can make and does not focus on innovation, whereas an organization with production orientation makes what it can sell and focuses on innovation.An organization with market orientation keeps costs as low as possible, whereas an organization with production orientation eliminates costs that do not give value to the customer.The focus of an organization with market orientation is on locating new opportunities, whereas the focus of an organization with production orientation is on technology and cost cutting.The focus of an organization with market orientation is on determining customer reaction, whereas the focus of an organization with production orientation is determining customer needs.QUESTION 12Which of the following changes in an organization's environment will most likely result in the organization becoming a drifting organization?The organization hires new management executives who are expected to uphold and maintain its mission.The organization has started manufacturing low-cost products as opposed to the luxury products that were a part of its original plan.The organization has successful operations in ten different countries and has decided to open market in two additional countries.The organization has decided to promote efficient employees who adhere to its mission statement instead of hiring managers.QUESTION 13Elite Inc. is as a brand of luxury clothing and accessories, and it targets affluent working women. However, it alters its offerings to include a large proportion of standard clothes at cheaper prices when the country faces severe recessionary pressures. In this scenario, which of the following environments does Elite primarily respond to by changing its offerings?The legal environmentThe competitive environmentThe cooperative environmentThe economic environmentQUESTION 14PureFruit Inc. prices its products higher than most of its competing brands in the packaged fruit juice industry. However, it still enjoys higher returns than its competitors because it is the only brand that can rightfully claim the use of fresh fruits and no added sugar. What kind of organizational strategy based on competitive advantage does PureFruit most likely use?A strategy based on market developmentA strategy based on differentiationA strategy based on cost leadershipA strategy based on diversificationQUESTION 15Which of the following is a stage of the marketing planning process that involves the analysis of the past, present, and likely future in six major areas of concern?Situation analysisTarget market selectionMarketing objectivesMarketing mixQUESTION 16The final step of marketing planning is _____.selecting the target marketdeveloping the marketing mixestablishing objectives based on the organizational missiondetermining performance objectives for individual members of the marketing teamQUESTION 17Since September 11, 2001, the number of people attending church and looking toward religion to provide solace has increased. As a result, Bible publishers have developed the Starting Point Study Bible, which explains what they are reading and includes a dictionary of biblical terms. In this scenario, the changes in the _____ have led to the publication of the Starting Point Study Bible.social environmentcompetitive environmentcooperative environmenteconomic environmentQUESTION 18The _____ involves a set of controllable variables that must be managed to satisfy the target market and achieve organizational objectives.demographic profilemission statementorganizational historymarketing mixQUESTION 19If a firm chooses to succeed by building long-term relationships with its customers by offering either best price, best product, or best service, it implies that the firm's organizational strategy is:based on competitive parity.based on value.based on products and markets.based on selling.QUESTION 20Which of the following statements about an organization's mission statement is true?Even though no one denies the importance of the mission statement, it is the least used of all the management tools.An effective mission statement takes an internal organizational focus.It should focus on the physical product or service that the organization is offering at present.It should focus on the broad class of needs that the organization is seeking to satisfy.QUESTION 21The first step in controlling an implemented marketing plan is:comparing the results of the marketing plan with the objectives.deciding whether the marketing plan is achieving the objectives.formulating a new marketing plan.measuring the results of the implemented marketing plan.QUESTION 22Which of the following is the principle task of an organization with a market orientation?To manipulate customers to do what suits its interestsTo focus on making products and then trying to sell them to customersTo find effective and efficient means to satisfy the interests of customersTo ensure that employees come first in organizational decision makingQUESTION 23Which of the following is the first step in marketing planning?Stating standards of performance or tasks to be achieved by given datesSelecting the groups or segments of potential customers the firm is going to serveAnalyzing the different elements of the marketing mixIdentifying the market with the greatest potentialQUESTION 24Which of the following is the greatest advantage of strategic planning with a cross-functional team?It ensures that strategic planning remains exclusively a top-management responsibility.It helps the organization arrive at a strategic plan directly from the functional area plans.It allows the team members to consider a situation from a number of viewpoints.It improves the cross-cultural relations between employees.QUESTION 25Essential Products Inc. manufactures a wide range of healthcare products for infants, toddlers, and adults. The company is not able to allocate large budgets for each of its product groups because of resource constraints, and it is making huge losses in most of its product groups. In the context of strategic planning, which of the following is the final phase that Essential Products Inc. should adopt to revive its business?Creating an organizational missionFormulating an organizational portfolio planSetting organizational objectivesCreating organizational strategiesQUESTION 26Mealtimes was started as a fine-dining restaurant serving the most exotic European dishes in the city. The meals ran into several courses, and the restaurant was frequented by people looking for a fancy and leisurely meal. However, with changing times and needs of consumers, the restaurant altered its offerings to incorporate fast food like pizzas, burgers, and hot dogs. The company had to venture into new and different markets to maintain profitability. These new conditions and a redundant mission statement would most likely make the restaurant a _____.matrix organizationstatic organizationdrifting organizationmultidomestic organizationQUESTION 27Emergo International Company conducts market research to find out the interests and needs of its customers. Based on the research reports, the organization devises plans to meet the customers' needs and wants and manufactures products that are useful to them. Identify the marketing concept that Emergo International Company has adopted.Production orientationMarket orientationThe BCG modelThe GE modelQUESTION 28The removal of tariffs on the import of Canadian lumber will adversely affect the U.S. lumber industry because Canada is able to produce lumber much more inexpensively than the U.S. This tariff removal is an example of how the _____ environment can affect businesses.cooperativefunctionalsociallegalQUESTION 29The final step in controlling an implemented marketing plan is:performing marketing tasks.comparing results of the marketing plan with objectives.measuring the results of the marketing plan.deciding whether the marketing plan is achieving objectives.QUESTION 30Which of the following is an organizational strategy based on competitive advantage?Cost leadership strategyMarket differentiation strategyMarket diversification strategyProduct development strategyQUESTION 31The strategic plan at Steve Walden Inc. helps in the creation of functional area plans for its production, human resource, finance, and technology functions. This best demonstrates the process of:market diversification.product-related diversification.cross-functional strategic planning.marketing planning.QUESTION 32Identify the accurate statement regarding an effective mission statement.It should focus on the physical product that the organization is offering at present, not on the external forces that the organization is seeking to satisfy.It should focus on public relations as its primary purpose.It should not consider the critical characteristics and events of the past.It should provide guidance to employees and managers in geographically dispersed units.QUESTION 33The purpose of the marketing concept is to rivet the attention of organizations on serving _____.supplier needs and wantsemployee needs and wantsmanagement needs and wantscustomer needs and wantsQUESTION 34Run with Scissors Inc., a hair salon, advertises its trendy and affordable offerings primarily through the use of social media. The type of strategy the hair salon uses can best be classified as marketing for a(n) _____.productservicecauseorganizationQUESTION 35A cross-functional team responsible for the creation of its company's marketing plan had to make adjustments to the marketing plan since the plan failed to meet the determined objectives. This implies that the cross-functional team is:controlling the marketing plan.redefining the organizational mission.implementing the marketing plan.altering the organizational portfolio plan.QUESTION 36In the context of situational analysis, the _____ includes the attitudes and reactions of the general public, social and business critics, and other organizations, such as the Better Business Bureau.competitive environmentpolitical environmentsocial environmentlegal environmentQUESTION 37Which of the following is the first component of a strategic plan?Organizational objectivesOrganizational strategiesOrganizational missionOrganizational portfolio planQUESTION 38In determining its mission statement, an organization must:look at the business from the inside, from the point of view of the employee and the management.ensure that the name of the product or service it is producing is an essential part of its name.reflect a market-driven approach by targeting a broad class of needs that it is seeking to satisfy.state the mission in terms of serving a generic group of clients or customers and meeting generic, not specific, needs.QUESTION 39Zest Sports Inc. manufactures sports goods and recently introduced a new line of sportswear for children between the ages of seven and ten years. The marketing team envisions an entirely new marketing strategy to create exchange for its new line of sportswear. This best exemplifies _____.service marketingproduct marketingcause marketingplace marketingQUESTION 40The things that an organization does so well that they give it an advantage over similar organizations represent that organization's _____.competitive paritydistinctive competenciesexternal opportunitiesvendor analysis variablesQUESTION 41Beryl Toys makes toys for children of ages three and above, while Lobster-Price makes toys for infants. In 1999, Beryl Toys acquired Lobster-Price for $1.1 billion. This acquisition gave Beryl Toys a new product line aimed at the younger siblings of its current target market. In this scenario, Beryl Toys has most likely implemented a _____ strategy.diversificationproduct differentiationmarket developmentmarket penetrationQUESTION 42Which of the following statements is true of strategic planning in well-managed institutions?Strategic planning is clearly a top management responsibility and does not require the active participation of marketing managers.Planning done in the functional areas of the organization should be independent of the strategic plan.There is no direct relationship between strategic planning and the planning done by the marketing team.Marketing executives are involved in the strategic planning process as they influence the process by providing important inputs.QUESTION 43Chello Inc., a large smartphone manufacturing company, has been selling the world's cheapest smartphone, Zing. Recently, to increase its sales, Chello reduced the price of the phone even further. The marketing slogan for the Zing series is "The cheapest way to get smart." Chello Inc. is most likely using a _____ in this scenario.product diversification strategymarket penetration strategyproduct development strategymarket integration strategyQUESTION 44When using a cost leadership strategy, a firm is most likely to offer:a standard, no-frills product.a highly differentiated product.a prestige product.an expensive product of superior design and quality.QUESTION 45An organization's mission statement is described as not ruling out any opportunity management might wish to pursue. This mission statement is most likely to be _____.too distinctiveincompletetoo broadtoo specificQUESTION 46Which of the following statements is true according to the model developed by Michael Porter for formulating organizational strategy?Firms should first analyze their industry and then develop a cost leadership strategy or a strategy based on differentiation.Firms should first analyze their market and then develop a strategy based on association.Firms should develop alternative portfolio models to incorporate information about market opportunities and competitive positions.Firms must continually strive to be the cost follower in the industry or market segment they compete in.QUESTION 47When completed, an effective mission statement will be primarily focused on the:markets rather than the products.internal problems of the organization.product that the organization is offering.narrow class of employee needs.QUESTION 48Winter Head is a firm that manufactures woolen blankets. The manufacturer claims that its blankets are made from the softest wool and are so finely stitched that consumers want to include them in their inheritance. The company is proud of its product quality and formulates its mission statement based on it. What is potentially wrong with such a mission statement?The firm had an external focus.The firm focused on the market for its high-quality products.The firm focused on the product rather than on its market.The firm defined the company in terms of its marketing capabilities.QUESTION 49_____ are methods used to determine how resources should be allocated among the various strategic business units (SBUs) in an organization.Portfolio modelsMatrix modelsVariable modelsVector modelsQUESTION 50Hilton Brews is a company producing instant mixes for all kinds of beverages. It notices that the market for tea has risen due to its potential health benefits. Therefore, Hilton Brews introduces a new line of organically grown and processed teas like green tea or tea with various herb extracts and additional antioxidants. Which of the following organizational growth strategies has been used by Hilton Brews?Product developmentDiversificationMarket penetrationMarket development

In 2005, Jill Smith was an audit senior working for a public accounting firm on the audit engagement of the ABC company. One of Jill’s friends asked her whether she thought that ABC stock was a good investment. She said yes.Her friend offered to purchase ABC stock on her behalf. Jill provided $5000 for the purchase placed under her friend’s name. She didn’t want her name associated with it because of independence concerns; an auditor is not allowed to own stock in a company that they audit.Auditors that own stock in companies they audit as considered part owners, and therefore not independent. This may infer with an unbiased audit because they may make decisions in the best interest of the client instead of external users. Even if they do conduct an unbiased audit, if they are stock holders, they may not be perceived as unbiased.Jill continued working on the ABC company account into 2006, and she failed to comply with the firm’s independence policies by lying on the yearly disclaimer. The public accounting firm launched an internal investigation into the matter based on an anonymous tip and terminated her employment. The PCAOB barred her from serving as an external auditor for a period of at least one year. What are the unethical actions of the auditor, Jill Smith? Discuss what her decisions in this case cost her? Was it worth it? What are some of the current rules in relation to the independence of an auditor? In this case, compare independence in fact versus independence in appearance. Do you think that Jill’s punishment was appropriate? Explain your answer. Your written response paper should be 3-4 pages in length. Please type your assignment up in a Word document and follow APA format, according to the CSU-Global Guide to Writing and APA (Links to an external site.). Include a title page and reference page. Use two (2) outside academic sources other than the textbook, course materials, or additional information provided as part of the course materials.