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WGU D263 TASK 1: FRAMEWORKS FOR STRATEGIC DECISION MAKING |
ACCURATE AND VERIFIED | 2026 UPDATE
D 263 Task 1
Western Governors University
Frameworks for Strategic Decision Making
Instructor:
XXXX
Date
, 2
External Opportunities
Conscious capitalism can encompass businesses of all sizes. From an independent
business to a global retail store, conscious capitalism places a focus outside of only owners and
shareholder profit and instead, also focuses on what is good for society and the environment
(Mackey & Sisodia, 2014). There are multiple ways that CustoMayD Designs can practice
conscious capitalism and experience company growth.
One of opportunity that the company can implement is to offer custom and adaptive
socks and shoes for a specific market, those with sensory issues, at an affordable price. By
partnering with non-profit organizations, CustoMayD Designs can offer small discounts to
members of those organizations, many of whom would be the target audience. From a conscious
capitalism standpoint, this would allow for further business development while also providing
for a portion of the community that has limited options in footwear that would enhance the
quality of life of the target individuals.
Secondly, the company can develop a profit-sharing plan that gives a portion of their
earnings to community programs for disadvantaged individuals. This plan can include several
organizations within the community by donating a percentage of sales to a different community
program or project each quarter. In line with conscious capitalism, the program would be
providing value to the community along with making progressive social changes, all while
remaining a profitable business.
External Threats
A large external threat for the company is a decline in consumer spending. Income
growth has remained weak, household wealth has been in a decline, and interest rates have
WGU D263 TASK 1: FRAMEWORKS FOR STRATEGIC DECISION MAKING |
ACCURATE AND VERIFIED | 2026 UPDATE
D 263 Task 1
Western Governors University
Frameworks for Strategic Decision Making
Instructor:
XXXX
Date
, 2
External Opportunities
Conscious capitalism can encompass businesses of all sizes. From an independent
business to a global retail store, conscious capitalism places a focus outside of only owners and
shareholder profit and instead, also focuses on what is good for society and the environment
(Mackey & Sisodia, 2014). There are multiple ways that CustoMayD Designs can practice
conscious capitalism and experience company growth.
One of opportunity that the company can implement is to offer custom and adaptive
socks and shoes for a specific market, those with sensory issues, at an affordable price. By
partnering with non-profit organizations, CustoMayD Designs can offer small discounts to
members of those organizations, many of whom would be the target audience. From a conscious
capitalism standpoint, this would allow for further business development while also providing
for a portion of the community that has limited options in footwear that would enhance the
quality of life of the target individuals.
Secondly, the company can develop a profit-sharing plan that gives a portion of their
earnings to community programs for disadvantaged individuals. This plan can include several
organizations within the community by donating a percentage of sales to a different community
program or project each quarter. In line with conscious capitalism, the program would be
providing value to the community along with making progressive social changes, all while
remaining a profitable business.
External Threats
A large external threat for the company is a decline in consumer spending. Income
growth has remained weak, household wealth has been in a decline, and interest rates have
