STRATEGY, ETHICS, AND CORPORATE SOCIAL RESPONSIBILITY Coursework

STRATEGY, ETHICS, AND CORPORATE SOCIAL RESPONSIBILITY - Coursework Example Besides factual issues, there are conceptual issues for instance the aspect of competition that posed a threat to Peerless Company. There was a need to improve on products as well as come up with strategies that will seek to earn the company a competitive advantage. The management structure is also an issue as people are elected on the basis of friendship rather than on qualifications. This will eventually affect the company as it will discourage investors from putting their investments in Peerless because of the company’s instability. There are some ethical in this case where Ludwig is a dilemma on whether to close down Peerless Company to save the town reputation or make attempts to restore the company. Closing down Peerless will render many jobless as most of them depend on the company for their livelihood. Ludwig knows that closing the Peerless Company may impress certain individual at the expense of people’s jobs and this may lead to increase in crime cases and other vices. The main stakeholders are the customers, the directors as well as the employees of the company. Suppliers of the raw materials are also stakeholders as their actions directly affect the operations of the company. Peerless should realize that their decisions directly affect the lives of the people in their surroundings. For instance closing down Peerless will render the town poor and its citizens jobless. Ludwig and his team need to understand that they have an obligation to ensure that they improve the lives of Blair’s citizens. They should understand the needs of people and make decisions that benefit their town. The management should also be enhanced to ensure that only people who are employed are suitable for jobs and that quality is maintained by all means. Peerless should also communicate to its key stakeholders on changes that are likely to take place and on decisions on the way forward. Baxteris right to some extend by saying that it would be selfish for Ludwig