The Administration and Implementation of the Strategic Plan Is Strategy

question 116

True/False

The administration and implementation of the strategic plan is strategy execution.

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Definitions:

Corporate Social Responsibility

Practices and policies undertaken by a company to have a positive impact on society, including environmental, social, and economic aspects.

Conscious Marketing

An ethical approach to marketing that recognizes the broader impact of business practices on society, the environment, and stakeholders.

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public. By practicing corporate social responsibility, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.

Ethical Decision-Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles, taking into account the impact of choices on stakeholders and society.