COMM 104 Chapter Notes - Chapter 10: Ballard Power Systems, Igor Ansoff, Strategic Management
31 Aug 2016
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Comm 104 chapter 10: strategy and ethical decision making. Ethics has the potential to be an integral facet of the strategic decision-making process. Economic rents; the payment received for a factor of production over and above what is minimally required to keep that factor in its current use. A key question for strategy is the extent to which rent seeking should be guided by ethical values. Within this framework, strategic management and the pursuit of a sustainable competitive advantage is not a concern with absolutes, but rather a focus on the relative. The relative weight assigned to ethical concerns by individual strategists at particular firms will determine the ethical posture of that firm, and will be a function of broader strategic positioning choices. Viewing ethical choices as a subset of strategic choice does not necessarily minimize the importance of ethics for practitioners of strategic management. Neither does it suggest that ethical considerations are less important than other strategic concerns.
