Legal responsibilities is another one social commitment for strategic managers .
Legal responsibilities reflect the firm’s obligations to comply with the laws that regulate business activities. The consumer and environmental movements focused increased public attention on the need for social responsibility in business by lobbying for laws that govern business in the areas of pollution control and consumer safety. The intent of consumer legislation has been to correct the “balance of power” between buyers and sellers in the marketplace.
Legal responsibilities: The firm’s obligations to comply with the laws that regulate business activities.
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Benchmarking is an organized method for collecting data that can be used to improved organizational operations, through comparisons with other units or functions.
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A Restricted stock plan is designed to provide benefits of direct executive stock ownership.
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An international firm adopts a systems approach to strategic decision making that emphasizes global integration.
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The ability and right to influence and direct others based on the power associated with your formal position in the organization.
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