Strategic Planning
Achieving a strategic vision in an era of globalization and increasing competitiveness from rapidly emerging economies is complex and multidimensional in scope. The notion of including an ethical component may appear to be a luxury that some companies cannot afford, yet it is something expected by more and more stakeholders, as well as the general public. Achieving and sustaining a competitive advantage in an increasingly globalized marketplace demands that companies of all sizes and types take advantage of every opportunity to reduce costs and add value. For example, Sussan (2006) emphasizes that companies of all sizes and types require effective leadership in order to formulate a corporate vision and make informed day-to-day decisions. The need for leaders to integrate values and ethics in their decision making has been fueled, in part, by three global trends:
Successful leaders in all types of organization understand that ethics and values are paramount to decision making.
2. Governments...
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