Ethics and social responsibility goes along with one another because ethical parameters determine ones behavior and responsibility in society.
It is included in ethics to take care of ones responsibilities according to the needs and want of the social environment. Being a socially responsible entity if an organization is releasing some chemical that are not suitable for environment then this organization is violating the ethical laws. Social responsibility is the applied field of ethics because entities are directly in contact with the open environment. They ought to take care of cultural, legal and social standards as they are described and determined in ethics.
International strategic management is a unique management process that defines and determines the developing and basic principle strategies that can be acquired by any organization to expand on broad level and compete to international competitors. Strategic planning is all about setting and determining a unique international strategy that can lead an organization to international markets. This strategy determines that what an organization able to do to sell their products and services and what products and services it is going to sell internationally. This strategy includes the procedure of making and providing these goods and services to international markets, as well. It determines the use of different important resources and determines the targeted demographics where the organization will launch and sell its goods and services, as well.
International strategy management includes several other important points that an organization ought to be determined before launching itself as an international organization. Such as, being a domestic organization, it follows only the domestic rules and regulation and only one nation’s laws imply on it, but as soon as it becomes an international organization it has to deal with new challenges that come to its way. These challenges include,