What are the ethical considerations that organizations should keep in mind when developing and executing their plans?
What are the ethical considerations that organizations should keep in mind when developing and executing their plans?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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What are the ethical considerations that organizations should keep in mind when developing and executing their plans?
Expert Solution
Step 1: Define what is executing of plans
Executing plans refers to the process of putting a pre-determined strategy or set of actions into action to achieve specific objectives or goals. It involves implementing the detailed steps and tasks outlined in a plan, often in a systematic and organized manner. Execution is a crucial phase in any planning process, as it is where ideas and strategies are translated into practical actions that can produce tangible results.
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