Catsy Carpe Diem

Primarily, corporate ethics strategy embodies the ethical standards and values in an organization and the rationale upon how cold it be inculcated and maintained over time. Hence, it encompasses the two categories namely: compliance-oriented strategy and the integrity-oriented strategy. The real score of these can somehow help the organization gauge the effectiveness and efficiency of the employees on how they handle risk and how they adhere to the company’s commitment to ethics and compliance.
To be effective, a certain company must obtain and procure these corporate ethics strategies specifically the integrity-oriented strategy, which focuses on self-governance according to guiding principles. This strategy also lies on the concept of organizational identity that includes not only commercial objectives, but also a set of organizational ideals and responsibilities.
Ethical standards are inculcated and maintained through the organization’s central management systems, which encompass its leadership, governance structures, operating systems, and decision processes. In a business scenario, companies adhere to either two approaches that would eventually help them become progressive from the compliance orientation toward an integrity orientation.
Nowadays, corporations must secure the effectiveness of their ethics and compliance programs to both regulators and shareholders. Integrity’s ethics and compliance help protect the reputations and trademarks of a business entity. Their compliance expertise, individually customized content, and high-completion-rate training management services set a standard to which others aspire.

Apparently, many people nowadays would want to embark the world of business since they would want to become lucrative by simply concocting the formula of success. And that is their desire and ability to handle a business entity and bearing the notion, that risks are extremely part of the race.

I strongly believed that entrepreneurs were not born but they are made. Primarily, people possess intrinsic, innate, and genetic talents and skills. However, it doesn’t mean that they are bound to become entrepreneurs just because of the bequest and what they have inherited from their parents but rather, the skills and the desire to embark business can be learned in the long run. It can also be developed and honed through relative experience that would somehow lead them and reach them the verge of pedestal.

Most entrepreneurs were not born, they learned how to become entrepreneurs in a race. The recent proliferation of colleges and university courses on the subject supports this point. Reaching the verge of being under the school’s tutelage would be of great help in becoming a successful entrepreneur since the knowledge you have inculcated in an alma mater can be considered a great tool for that profession. Ergo, entrepreneurship is being taught and learned.

In a race, a business man should be aggressive and must be aware of the risk in his business and eventually must know how to deal with those encumbrances. He must know what strategy and plan he should do in order to surpass that problem. Taking up strategic management and putting it by heart would somehow help them solve and decipher their problems with regards to their business entity. The composition of being a successful strategic planner would require a lot of consideration as to how you discipline yourself and by embarking it in a right way.

The discussion of our teacher regarding strategic management have somehow helped me understand and grasped the different aspects of it. He delved about the 4 resources to venture on business which encompass manpower, money, materials, and machines and concluded that the most important part among all is the manpower. We also thrashed out the real score about Business policy Case as to how to identify the problem, set objectives and so on. Business Policy Case referred to a condition which entails a SWOT analysis. You must be able to defend the problem why it emanates and this has something to do with deviation from the goals of the company and care for it.

Apparently, he discussed about the gist of strategic management which has something to do with the science and art, science since it requires systematic process and art because by giving strategies, you must concoct in an innovative manner. The factors of the strategic management encompass Formulation, which necessitates you to develop a mission, Implementation and Evaluation as well.

The manner of presentation of the problem has also been tackled since by way of presenting it in a harmonious way, the audience could somehow grasped what you are trying to inculcate in your case and you could definitely be able to defend it so, in that way, the teacher can be able to ascertain your skills if you have really read the problem or not and understand the case.