Question

The relationship between leadership, ethical business practices, social responsibility, cultural differences, and global marketplace success. Can this be used to introduce new strategies for an organization? (Must be 250 words) International Marketing Ethical Considerations Research Paper

Answer 1

Strategy:

Strategy can be defined as set of objectives, action plans, and goals etc to be achieved by the organization within a certain time period. Each company strategy may differ according to its nature. Some may be brand conscious, some may be profit conscious, some may be service oriented etc. Hence strategy is one of the keys for all design.

The relationship between leadership, ethical business practices, social responsibility, cultural differences, and global market place success can help to introduce new strategy for an organization as explained below:

1. The functional level strategy would focus more on the operation level function like marketing, human resource etc of the organization. A plan through grand strategy is set and implement towards the business operation. Eg: When the employees in the organization are retained by the leader then that would impact on the higher performance of the organization through committed work strategy.
2. In the competitive strategy the price plays a major role, as where the customers would focus on high quality with low price strategy. Eg: Samsung mobile offers the best quality with affordable price to the customer, so that the profit of the organization and remains more competitive in the market. The ethics along with market success impact towards the growth of the organization.
3. Sustainability in an organization can be defined as the social responsibility the organization has in given back to the society which is a part of the organization ethics. So that new strategy development on suitability in the market can be improved through good leadership, ethics etc of the organization.