Ethical and Social responsibility, business and finance homework help

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Business Finance

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In 500 words explain the following:

What role should ethical and social responsibility considerations have in a Plastic Manufacturing Company’s strategic management plan?

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Explanation & Answer

Running Head: ETHICAL AND SOCIAL RESPONSIBILITY CONSIDERATION

Ethical and Social Responsibility Consideration in Plastic Manufacturing Companies Strategic
Management Plan

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ETHICAL AND SOCIAL RESPONSIBILITY CONSIDERATION

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Strategic management in general is a set of managerial decisions and actions that are put in place
to determine the long run performance of the firm. Ethics and corporate social responsibility
(CSR) are key considerations that must be integrated within strategic management plan of any
given company. Companies must remain ethically and socially liable to the surroundings in
which they function as well they must remain socially responsible for the communities which
may be affected directly or indirectly by their activities (Chandler, 2016). In developing strategic
management plan, ethical and social respons...


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