Answered: One ways that organizations compete is…

One ways that organizations compete is through technological innovation. However, there can be downsides for both the organization and the consumer. Explain.

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter4: Social Responsibility And Ethics In Marketing

Section: Chapter Questions

Problem 1SC

See similar textbooks

Related questions

Q: Kimberly says that shee needs to hold a Code of Ethics workshop for her team. What is a Code of…

A: The correct option is A. The code of ethics is an internal process of encouraging and motivating…

Q: help ! all of the following increase the likelihood that an employee will see the ethical dimension…

A: Ethics are the moral codes that applies to everyone in the society and in the business firms beyond…

Q: a) Outline a stress test approach that you would undertake to evaluate a business concept b) Luke…

A: Answer A) We develop the method and explain it with an illustrative case example in this conceptual…

Q: Critical Thinking One of the criteria for a usable market segment is its size. This chapter…

A: A segment refers to a group which constitutes of members that share similar tastes , preferences and…

Q: o some extent by external factors and trends. The impact of these factors and trends could be…

A: Organisations are defined as collectivities that have been formed for the more or less constant…

Q: Briefly describe the framework for risk assessment in innovation and explain its usefulness for…

A: Risk in business can be defined as a situation occurrence of which can negatively impact the…

Q: 45. Which of the following is / are function/s of top level managers? a. all of the given options b.…

A: Operation manager is the one who manages the operations of every organization, Who is responsible…

Q: Discuss the differences between social and market norms and what happens when these norms collide.…

A: In business, social norms refers to the rules of behavior acceptable in a particular group or…

Q: The most powerful cause of a person’s needs, wants and behavior. A. Attitude B. Behavior…

A: "Since you have asked multiple questions so we will solve the first question for you. If you want…

Q: How to deal with short term market reactions which have an impact on the shareholder’s wealth?

A: Intraday market response to stock price shocks. It is as of late that such minute to-minute…

Q: Critical Thinking One of the criteria for a usable market segment is its size. This chapter…

A: A market represents the collection of individuals who possess the need for a product or service and…

Q: In the context of a SWOT analysis, which of the following would be considered a weakness for an…

A: SWOT: It defines the analysis for the strategic planning procedure for the organization. S stands…

Q: The principles of ethics guide us to _______. a. improve the business startup skills b. forecast the…

A: Ethics helps the people to differentiate between good and bad. They acts as the guiding principles,…

Q: hink of a product or service that you wanted to sell or provide.For example restaurant service…

A: Keeping up the hotel service deals in the midst of furious rivalry and quickly changing patterns can…

Q: business environment is a source of - A) only opportunities B) only threats C) both threats and…

A: In the field of operations management, one of the subsets of the business environment is the…

Q: 20 - What is the correct order of strategic decision-making process? i. Evaluate current performance…

A: Strategic decision-making process helps the company in order to achieve their goals easily and give…

Q: I'd like you to brainstorm Deciem Company and compare it to Kravebeauty. I'd like you to answer…

A: Below is the solution:-

Q: What is prospecting or leads generation? B). Why is it essential to generate new business?

A: Lead generation or prospecting is a method used to encourage potential clients to obtain contact…

Q: 1. Explain how a situational analysis supports an organizations strategic planning. Include the four…

A: Hi, we are supposed to answer one question at a time. Since you have not mentioned which question to…

Q: The benefit of understanding the external forces of business refers to which statement? a. It helps…

A: External factors are those influences, circumstances or situations that the business cannot control…

Q: Identify if the following is STRENGTH, WEAKNESS, OPPORTUNITY, THREAT, OR INTERNAL ENVIRONMENT:…

A: 1. It is strength because strengths describe what an organisation excels at and what sets it apart…

Q: Why does the company "Kodak" fail? a.) what are the barriers to execution that Kodak experienced…

A: Kodak was once a giant company in the industry of photography until 1970's but the company had to…

Q: PLEASE EXPLAIN THIS BRIEFLY.

A: Note: Please submit the second question under the Finance/Accounting subject. The fast-food giant…

Q: Starting up and managing a business requires one to act responsibly and ethically at all times. It…

A: About Ethical Dilemmas - Ethical Dilemmas, are also known as ethical paradoxes or moral dilemmas.…

Q: Imagine you are the CEO of an organization. Your work is expanding and you need to hire people who…

A: The decision making process can be defined as the process in which a manager or a person in general…

Q: This question will be reviewing the ethics, corporate social responsibility and sustainability of…

A: Since you have asked multiple question. We are answering the first question. If you want solution…

Q: How have the current cultural environment of our country shaped the way that companies are looking…

A: “Hi, since there are multiple questions posted, we will answer the first question according to the…

Q: describe at least three (3) general environmental forces and at least two task environmental forces…

A: company amazon Amazon.com is a vast Internet-based enterprise that sells books, music, movies,…

Q: Your marketing staff (again) wants to invest $20 million in advertising to increase consumer…

A: As a head of planning and decision I would surely support new innovations because its is…

Q: 25- Recently an employee retired in the production department of an organization. The staff and…

A: Business has just two capacities — showcasing and development," Peter Drucker once said. Development…

Q: A) Effective decision-making results ineffective results, discuss decision making steps and provide…

A: The process of decision-making is to choose two or more routes. Decision-making includes the choice…

Q: Propose a competitive training strategy that will improve the position of the business in the…

A: Business chosen: Bakery

Q: Which of the following would NOT be a reason for management carrying out an environmental or PESTLE…

A: A PESTLE examination is a system to break down the key components (Political, Economic,…

Q: the factor that is to be considered in ethical decision making in a company. a. All options are…

A: The process of assessing and selecting ethical decisions between alternatives in a constant manner…

Q: Explain through real time examples, what are the major ethical issues faced by the businesses in…

A: Every company that collects and uses the information of its customers should and must inform this to…

Q: 1- What are core competencies of companies? GIVE EXAMPLE

A: Core competencies: The core competencies of companies refer to the items or skills that bring…

Q: 1. Which of the following most accurately summarizes the main sets of forces affecting…

A: Environmental factors ate those factors that affect organizational operations and activities.

Q: How much do the unique characteristics of H&T organizations impact the strategic management…

A: The Hospitality and Tourism organisation is a broad category of fields within the service industry…

Q: What are the ethical considerations that organizations should be cognizant of for their future…

A: Ethical strategies are moral characters that have been changed into dynamic philological generating…

Q: A firm's ___________________is the way in which managers conceptualize the business and make…

A: The management of the organization follows specific strategies through which they can achieve their…

Question

One ways that organizations compete is through technological innovation. However, there can be downsides for both the organization and the consumer. Explain.
a. What would cause a business person to make an unethical decision? b. What are the risks of doing so?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Honor Code:

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions

What is meant by the term 'business environment,' and what are the different components that make up the business environment? How do these components affect the way businesses operate and make decisions?
Kimberly says that shee needs to hold a Code of Ethics workshop for her team. What is a Code of Ethics? Multiple Choice 1. an internal process for promoting ethical and legal behavior 2. an internal incentive program for boosting sales 3. a marketing plan to launch a company into new technologies 4. a point of sale system
Ethical Decision Making Explain any one (1) ethical dilemma situation you faced in your life.
How does the business environment affect a firm's decision making and growth? Give an example of a company that faces challenges from the environment.
What role do ethics and corporate social responsibility play in the business environment and how can management ensure that these values are integrated into organizational decision-making?
How does risk management factor into decision-making at various levels of an organization, and what strategies can be employed to mitigate risks while pursuing innovation and growth?
What would be the possible cause of failing common good approach by the managers?
Analyze any potential ethical dilemmas. As a decision maker, apply any two of these approaches tobusiness ethics:• Utilitarian• Universalism (Deontology)• Virtue ethics.• Justice what decisions should you make? Justify your answer using business ethics concepts
How can a company effectively balance the need for investor protection with the pressure to generate profits in the management decision-making process?
What would cause a business person to make an unethical decision?
Using the two business decision making approaches, common sense and science; Compare and contrast these two approaches using examples based from current business culture.
Contrast the deontology and consequentialism approaches to ethics in business decision making to benefit the company, customers and society as a whole.