Management Essay
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mgt.docxIntroduction
Topics may include ethical aspects of business, planning, competition, or other related topics. Advance registration
is required and space is available on a first-come, first-serve basis. Following the session, you are to provide a one
page write-up explicitly addressing the following six elements:
1. Identify the event attended (name and date) and the MGT490 chapters and topics to which it relates. This
should be more than a simple mention of the chapter or case. Discuss why and how the material relates and to
what chapters that material corresponds. This is a critical part of the assignment.
2. A brief summary of the presentation/case examined.
3. A summary of the alternatives the teams discussed for resolving the issue proposed at the Walk the Talk event.
4. The specific course of action that you would recommend for resolving the issue at the Walk the Talk event.
5. Your reaction to the presentation or discussion.
6. The key learning points from the event.
example
1. The BAS should expand into this country bringing with it, experience and ethical practices which it has been associated with. Through this strategy, the company will be able to meet the expectations of its clients who had already taken up measures to adopt children from Romania before the new government came up with international adoption rules and regulations. BAS in line with its ethical practice should inform, the clients of the new development and what they are going to achieve by adopting children from the Soviet state. “Chapter 4” By informing the clients of the change in operations, it will be adhering to its ethical standard of practice in line with its business level strategy.
2. BAS should partner up with the entrepreneur who has established adoption operations in the Soviet country. While BAS brings along a reputation of ethical practices and experience, the entrepreneur they are going to partner with will also offer the adoption services required and the network that the entrepreneur has established will be critical in reaching all the 18,000 children who are up for adoption. BAS can come up with policies which the entrepreneur should uphold to retain the ethical practices of BAS. “Chapter 5” Partnering up with the local entrepreneur will give the firm a competitive advantage and assess how similar the local entrepreneurs operations are with its international competitors and how it can maintains its difference with the competition.
3. If BAS chooses to start their program in the Soviet country, they are going to be suffering as it will take years to start operations which mean that a substantial amount of the children up for adoption in the Soviet state will have missed an opportunity to be placed with a valid family. The company will have to refund clients who view waiting for longer as an impediment to their adoption strategy meaning that the clients will have to go along with different adopting agencies. Other adopting agencies will take advantage of the huge number of orphans up for adoption; they will come up with their unethical practices which will make it hard for BAS to operate freely in the Soviet state in future.
If the company partners with the entrepreneur, they are risking their reputation since they have already a trusted and ethical brand with operations in other parts of the world. “Chapter 3” BAS will have to try to maintain its competitive advantage by coming up with a regulation program to ensure that its reputation is not tainted with its association with the entrepreneur. The company ethical practices are its main competitive advantage which it has to maintain through a regulations program.
4. To build its relationship with the local government, BAS should try to pay back some of the tax revenue which is foregone as the government fully funds the adoption process in the country through taxes. Covering a percentage of the costs incurred will ensure that BAS can operate in the country for long periods and the local Soviet government will not come up with policies search as the Romania government did, ensuring that the Soviet orphan children up for adoption are placed with families who will give them an opportunity to better lives. “Chapter 2” The Soviet government is a an external factor which the BAS cannot regulate,
5. The discussion has provided various areas in which the class discussions could be used to make BAS more competitive. The strategy for partnering up with the entrepreneur and ensuring that they understand the external environment is based on the SWOT analysis and developing an effective operating strategy. “Chapter 1”
BAS already has its goals in place, and the entrepreneur needs to understand that BAS is not just involved to ensure that children are placed with families but to do this ethically. BAS will have to point out its goals and define them to the local entrepreneur and the government for the company to have an easy time meeting its goals and making its clients satisfied with their services. The verification program will ensure that it can manage the operations and have an oversight role over the entrepreneur making it a strategic plan to protect its brand and core competencies. “Chapter 3” BAS should continue with its ethical process as it ensures that placing of children is not exploited for personal gain.
