Why should firms formulate and implement strategies


Assignment: Business Policy

1. Discuss bribery. Would actions, such as politicians adding earmarks in legislation or pharmaceutical salespersons giving away drugs to physicians, constitute bribery? Identify three business activities that would constitute bribery and three actions that would not.

2. Why is it important not to view the concept of "whistleblowing" as "tattling" or "ratting" on another employee?

3. If you owned a small business, would you develop a code of business conduct? If yes, what variables would you include? If not, how would you ensure that your employees were following ethical business standards?

4. Why should firms formulate and implement strategies from an environmental perspective?

5. What do you feel is the relationship between personal ethics and business ethics? Are they or should they be the same?

Format your assignment according to the following formatting requirements:

1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.

3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.

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Business Management: Why should firms formulate and implement strategies
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