Discussion: Ethical Business Strategies
Camino Shoes is considering using a foreign supplier in a developing country to assist in manufacturing their product line. The CEO's of Camino recently read an article in Business Week titled: Secrets, Lies and Sweatshops and is concerned about possible deceptive practices used by foreign suppliers. They have hired you as a consultant to assess such practices, as well as to provide solutions to mitigate the occurrence of such practices.
Research Fair Labor Association standards and programs for factory audits.
Based on your research, should Camino Shoes adopt the Fair Labor Association standards and program of factory audit or should they establish their own supplier monitoring and compliance process? Explain your choice.
What actions can Camino Shoes take to detect and prevent deception by foreign suppliers?
Managerial Tasks in Strategy Execution
While companies must tailor their strategy-executing approaches to their particular situation, there are eight managerial tasks which are common elements in executing strategies. Review the eight components of strategy execution and develop a PowerPoint presentation which applies each of these components to an organization of your choice. Include at least three visual elements such as charts or graphs to complement your presentation.
Consider the following while developing your PowerPoint presentation:
•Discuss what is involved in performing the eight key managerial tasks that shape the process of implementing and executing strategy.
•Explore building resource strengths and organizational capabilities including: marshaling resources, instituting strategy-facilitating policies and procedures, adopting best practices, installing operating systems, and tying rewards to the achievement of good results.
•Explain what role a company's culture plays in executing these managerial tasks.
Create an 8-10 slide PowerPoint presentation.