Influence of globalization, social responsibility and environmental sustainability
Discuss the influence of globalization, social responsibility and environmental sustainability on strategic management of a corporation. (2 Marks)
Question 2
In what ways can a corporation’s structure and culture be internal strengths or weaknesses?
(1Mark)
Question 3
Discuss how executive leadership is an important part of a strategic management? Give examples from real market. (2 Marks)
Sample Solution
The Parliament of Ghana passed a correction bill to the Bank of Ghana Act 2004 in August 2016. The 2016 Demonstration is to connect escape clauses the 2004 Demonstration, carry guidelines at standard with global accepted procedures, sustain the independence of the national bank, present new capabilities and wipe out the impact of the Money Priest in designating board individuals. The nation additionally went into an IMF-upheld Expanded Credit Office Program in 2015 which determined zero-supporting by the national bank to government rather than the 5% funding ceil passed by Parliament. Examination of current realities and issues SWOT examination is a business examination method or system definition device utilized to assess the qualities of an element to take advantage of chances for development, address shortcomings and moderate dangers to decide strategies that will best adjust the capabilities and assets to accomplish put forth objectives (Al-Zoubi and Honotoria, 2007; Rudders and Nixon, 2010; Ommani, 2011; Wang, 2007). Al-Fayoumi and Abuzayed (2009) and Dhingra (2013) used SWOT examination to survey the Jordanian financial area and Indian public area banks individually. Lu and Yadong (2012) likewise utilized SWOT examination in the investigation of five provincial banks in Heilongjiang area in China. Saravanan and Haneef (2011) involved SWOT examination as a component of vital arranging process Non-Bank Monetary organizations in India. Figure 1 underneath portrays a SWOT chart of the Ghanaian financial framework. Qualities The deliberate changes and giving of general licenses not just prompted a convergence of unfamiliar and exclusive banks yet additionally changed the Ghanaian financial area, extended bank offices with growing store base and expanded rivalry (Ackah and Asiamah, 2014; Akuffo-Duah, 2011; Bawumia and Asiamah, 2008; Opoku-Agyemang, 2015). The rising rivalry over the long haul brought about arrangement of different items and administrations, inflated cost productivity, worked on corporate administration, risk the executives and diminished cost of monetary administrations (Denizer et. al., 2000; Boyd and Nicolo, 2005). The changes additionally guaranteed soundness in the financial framework and store assurance. The Bank of Ghana Act 2004 engages the national bank to authorize approaches that acclimate to advancement of the financial business and monetary area without legislative impact. Embracing the Basel Accords and Worldwide Monetary Announcing Principles supports obstructing fundamental gamble. Daske (2006), Hail, Leuz and Wysocki (2010) and Karamanou and Nishiotis (2009) found that taking on worldwide announcing norms prompted expanded liquidity, diminished cost of value capital, improved nature of bookkeeping data and uplifted divulgence.>
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