...business ethics. The effect of this is that the more business become global, the more it has to cope with regions and countries where ethical values are vastly different, p. 17, 19, 24, learning outcome 1, 2. Question 1: In which of the following areas is it not evident that deterritorialization is particularly relevant to business ethics? 1. Legal issues 2. Cultural issues 3. Personal issues 4. Accountability issues Question 2: Globalization can be seen to affect all stakeholders of the corporation. Mention four of these, explain how they are affected and provide an example. * Shareholders: globalization provides potential for both profitability and greater risks. * Consumers: global products provide social benefits to consumers, but could also meet protests. * Government and regulation: globalization weakens governments and increase corporate responsibility. * Employees: globalization provides job through outsourcing of the production, but can also raise potential for exploitation of employees through bad working conditions. * Civil society: global business activity brings the company in direct interaction with local communities, thereby raising the possibility for erosion of traditional community life. * Suppliers and competitors: Suppliers in developing countries face regulation from MNCs through supply chain management, and other small-scale indigenous competitors are exposed to the powerful global players. The participant should...
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...the collective business ethos a new trend towards sustainable business practices. Additionally, with the recent decades’ emergence of women and visible minorities in the workforce, ethical questions regarding gender equality and racial discrimination have inevitably emerged into the spotlight of ethical scrutiny. This recent leaning towards transparency and sustainability has made it harder than ever for corporations to avoid the public witch hunt for ethical misconduct. Indeed, as students nearing graduation, a great uncertainty towards our future looms over us us with each day bringing a new controversy as to who to work for and who to avoid. The present paper seeks to compare Starbucks Coffee Company as a more favourable company to work under when compared to the controversial ExxonMobil on the ethical grounds of employee rights, supply chain regulations, and environment and community engagement STARBUCKS – SUPPLY CHAIN With an increasingly important mandate, the issue of Supply Chain Management is quickly becoming a prime question of transparency and respect for human dignity. For any corporation, both consumers and employees demand to know how their products are sourced, whether the process is sustainable, and if it gives producers their due. The alarming incidents in recent history regarding various production sites of the world has shed more light on this subject and underscores the importance sustainable thinking for companies who do not want to estrange their ever more...
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...May 2012 IJMT Volume 2, Issue 5 ISSN: 2249-1058 __________________________________________________________ ETHICS IN SUPPLY CHAIN Vipul Chalotra* __________________________________________________________ ABSTRACT: Today, supply chain management is a well recognised area of academic debate. It has an international presence, with both practitioners and academics alike recognising that it’s an important area of management. An ethical supply chain is paramount to the success of modern business. Through fair and ethical interaction with suppliers, wholesalers, retailers, customers and the industry at large, aims to promote ethical supply chain. Ethics may be considered as standards or norms that distinguish between right or wrong and good or bad. This paper aims to highlight the conceptual framework of ethical supply chain with its effective role in present business besides its importance in supply chain management. It also portrays the benefits derived by adopting ethics in supply chain management. Key Words: Ethics, Supply chain. * Assistant Professor, Department of Commerce, University of Jammu, Udhampur Campus. A Monthly Double-Blind Peer Reviewed Refereed Open Access International e-Journal - Included in the International Serial Directories Indexed & Listed at: Ulrich's Periodicals Directory ©, U.S.A., Open J-Gage, India as well as in Cabell’s Directories of Publishing Opportunities, U.S.A. International Journal of Marketing and Technology ...
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...Done By: Azeeza Mubarak H00088813 Table of Contents Part One: Report Abstract 3 Part Two: Overfishing Summary 5 Part Three: Overfishing Stakeholders 9 Part Four: International Implication 14 Part Five: Conclusion and Recommendations 15 References 18 Introduction The human needs and wants are satisfied by the existed natural resources in our environment. Simply, we are totally dependent on natural resources which sustain our lives. Everything we have used and using is made of natural resources, or raw materials and energy obtained from our environment. Although, those resources are discrimination as renewable and non-renewable resources, the natural resources sustainability is endangered by human behavior consuming. Thus, human should consider the environmental aspect when it comes to satisfying their needs and wants. Exceeded consumption of the natural resources will lead to breaking down the environment cycle and destroying those natural resources. One of those threatened natural resources is fisheries resources. Marine fisheries are supplying a major protein source to the world’s population, and they are supporting an industry that worth over $85 billion annually . Fisheries resources are facing one of the biggest issues that threaten it globally; overfishing. During the 20th century, the fishing expanded rapidly to the global scale as a result...
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...compliance issues regarding workers and employees became the prime concern for the buyers and suppliers nowadays. The sourcing model of global apparel brands within its ethical purchasing and supply chain management functions have been critically analysed to evaluate their effectiveness and value they add throughout their supply chain and in overall organisational operation. This report has emphasised on three key areas such as general sourcing model and its components in the context of global buyer’s perspective i.e. Transnational Corporations, a clear scenario about current ethical situation of Bangladesh’s apparel sector, and relevant supply chain theories and its implications related to ethical purchasing in apparel industries. At the end, a proper conclusion has been given by evaluating all the three sections critically based on the theoretical lens of purchasing and supply chain management. Table of Contents Executive Summary 1 Introduction 3 Section-1: General Discussion on Sourcing and its Components 4 Sourcing and its Role in Supply Chain 4 Sourcing Needs of the Companies and its Impact on Supply Chain 4 Steps of Making Sourcing Decisions by Transnational Corporations 5 Ethical Sourcing 6 Ethical Sourcing by TNCs in Apparel Sector 6 Importance of being Ethical in Sourcing 8 Section-2: Current Situation of Bangladeshi Apparel Sector and its Ethical Perspectives 9 Section-3: Supply Chain Theories and its Implications Related to Ethical Purchasing in...
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...participants in the economy) and chronic fiscal imbalances (situation where all of the future debt obligations of a government are different from the future income streams) -Other issues: natural disasters such as 2011 earthquake in Japan, flood in Thailand, Political uncertainty in China and Middle East -Globalization has compounded the types and level of business risks. *Typical challenges that managers face involve politics, cultural differences, global competition, Terrorism and Technology. Managers in companies are struggling to find ways to balance their social responsibilities, their images, and their competitive strategies. -PESTEL- An analytical tool to develop and understanding of exogenous risk -Pestel analysis- Political, Ethical, Social, Technological, Environmental and legal understanding or environmental scanning that is CRITICAL if we are to strategically plan and develop our value proposition. -> Exogenous creates Endogenous RISK SWOT Analysis- an analytical tool that helps you develop an understanding of how exogenous risks influences endogenous risks for the firm The Global Business environment Globalisation- Global competition characterized by networks of international linkages between countries, institutions, and people in an independent global economy. Five key global trends: 1. Changing...
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...Phoenix Ethics and Social Responsibility ETH/316 Denise Antoon September 15, 2013 Ethics Essay To understand the similarities and differences between the virtue theory, utilitarianism, and deontological ethics there must be first understanding what each are separately. Virtue ethics theory stresses the character of a person and the virtues that his or her character embodies relating to their ethical behavior. Utilitarianism theory emphasizes that the right course of action is the one that fully maximizes happiness and reduces suffering of many. Deontological ethics judges the morality of a given choice based on the adherence to rules. Deontological ethics is sometimes described as duty or obligation ethics based because it holds a person accountable for his or her position or roles rules. These three theories are similar because they describe how a person or people decide what is ethical behavior in any given situation or way of life. They are process by which we judge moral choices, right, and wrong. These are used to guide a person on the moral choices he or she must make daily. The three theories described virtue, utilitarianism, and deontological, although very similar put more emphasis on different principals to judge what is moral and what is not. A utilitarian will choose to share the excess food supply of the richer in a community to feed the poor. This choice to them is moral because it serves the greatest good and maximizes the use of current utilities such as...
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...iPod and mobile phones like the iPhone. Then Apple began a new line of business in the music industry with iTunes. Today, Apple Inc. is a major competitor within the computer and consumer electronics industry. Apple Inc. is headquartered in Cupertino, California and has 76,000 employee based in the United States. Apple Inc. has directly and indirectly created and supported 1.9 million jobs in the United States (Israel & Johnson, 2016). Apple Inc. has stores located in 18 countries including the United States (Apple Inc., 2016). After a brief overview and history of Apple Inc., this critical analysis will take a look at the industry in which it operates, apply economic theories to create profit maximization, analyze the economic implications of operating in global markets, assess the impact of ethical and regulatory considerations, analyze the macroeconomic environment, analyze the microeconomic environment, and finally address recommendations for the long-term output of the firm. Apple Inc. currently operates in many different industries...
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...human part for transplantation has also seen an increase in demand for sperms, hair, plasma, eggs, among others. Even so, there are arguments for and against the commercialization of human organs such as marrow, kidney, and sundry, with both sides of the arguments facing criticism. It is imperative to investigate ethical aspects regarding commercialization of human organs. To reach a conclusion on whether it is ethical or unethical, this paper summarizes both sides of the argument and later presents a moral argument and rationale for commercialization of transplants. Without commercialization, there would be few potential donors willing to give out their organs to a dying patient who needs the specific organ urgently, which is contrary to human dignity. This is the moral argument in this report. Arguments for commercialization In 2009, a group of cancer patients, bone-marrow donation advocates, and parents filled a lawsuit against the US government. The federal law had banned buying and selling of human organs. One of the parents had three daughters suffering from a blood disorder called Fanconi anemia, whose treatment was bone-marrow transplant. In their argument, the plaintiffs maintained that many patients would die waiting from ailments that would otherwise be avoided through immediate transplants. They further argued that paying people for the donation of their marrow would ensure a greater and more reliable supply of it. The ruling came at the end of 2011. The decision by...
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...Carroll’s pyramid of CSR 3 2.2 Theoretical clusters 4 2.2.1 Instrumental theories 4 2.2.2 Integrative/Political theories 4 2.2.3 Ethical Theories 4 3 Implementation of CSR 5 4 The Body Shop: core purpose 5 5 Balancing act 6 6 Heightened awareness 6 7 Cost Implications 7 8 New Look: Stakeholder’s conflict 8 9 Challenges 8 9.1 Increased responsibility 8 9.2 Daily implementation challenges 8 10 Recommendations 9 11 Conclusion 10 12 Appendix one: The Body Shop 12 13 Appendix two: New Look 14 14 Appendix three: Carroll’s Pyramid 17 15 Appendix four: Schwartz and Caroll Venn diagram 18 16 Appendix five: Ethical Trading Initiative 20 17 Bibliography 21-24 1. Introduction This report identifies the key challenges faced by organisations with a global supply chain in implementing Corporate Social Responsibility (CSR) policies. The Body Shop (appendix 1) and New Look (appendix 2) are UK based companies, with a global trading presence and both depend on a global supply chain for the purchase of their products. In 2013 both companies remain committed to CSR and ethical trading. These companies have been chosen to demonstrate the differences between implementing CSR at start-up stage, and the challenges faced when introducing CSR, specifically within the supply-chain, to an established business. 2. Defining Corporate Social Responsibility (CSR)...
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...Distribution management | Consumer driven supply chains: the case of Dutch organic tomato | Author: F. Anastasiadis, Y.K. van Dam | MKT 625 | | | Introduction Supply chain management refers to the efficient integration of various processes involved in turning resources into consumer products. Effectiveness of the supply chain is more easily understood in terms of Value Chain Management, and the integration of processes that turn resources into consumer value. The current paper reports two studies into the value chain of organic produce in Netherlands. The paper combines two different research approaches to study which consumer motives and values are the main drivers of organic consumption. These motives are centered on hedonic, benevolent, and Universalist values. The study reconfirms earlier findings that health and taste are important motives driving organic food consumption, and that next to this environmental friendliness and naturalness are important drivers. More fundamentally, the consumption value of organic food is strongly related to social and ethical principles and beliefs. By committing it to superior ethical performance the organic supply chain could create a competitive advantage that is not easily copied by competing products. Objectives of the Study The basic objective is to understand consumer product knowledge and motivations with respect to organic products. In other words, this research focuses on the consumers’ beliefs towards...
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...Case analysis on ‘Human resource strategy and productivity at Wal-Mart’ Course: MGT 489 # 7, Fall 2015 Submitted To Dr. Muslima Zahan Assistant Professor Submitted By |Name |Student ID | |MD. Zahid Hossen |111 0104 030 | |Mehedi Hasan |121 0212 030 | |Mohammed Irfan |121 0823 030 | |Nujhat Nakiba Khushbu |123 0279 030 | School of Business and Economics North South University Date of Submission: 13/10/2015 Letter of Transmittal October 13th, 2015 Dr. Muslima Zahan Assistant Professor Strategic Management (MGT 489) School of Business North South University Subject: Submission of the case analysis on “Human resource strategy and productivity at Wal-Mart” Madam, We would like to thank you for assigning us with this course-work for the course of strategic management. This case study has given us the opportunity to combine our theoretical...
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...Critical Factors The major players in this case are George, Paul, and the company management. The case reveals three critical issues, two of them are organizational issues and the third one is related to human character and integrity. The critical issues are as follows: a) the company had lack of quality control system, b) the company had lack of inventory control and management system, and c) Paul showed unethical behavior and influenced George to follow the same. Detailed analyses of each of the critical issues are discussed below with appropriate references. Quality Control The company did not seem to have an effective quality control system in place. The night shift employees were asked to complete the job without putting any emphasis on the quality of the product. The management was happy as long as the assigned job was completed within the period of night shift. The company provided no training to the employees (as evidenced by the instant hiring and putting George at work immediately with no training) on how to establish, monitor, and assure the quality of the product that they produced. The night-shift employees had no idea about the harmful effects of the polluted product on the consumers and the possible consequences the company would have to face for it. Not to mention that if the consumers get sick due to their poor milk product, the company could be sued and might even go bankrupt. The night shift employees could not see the big picture and were...
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...1.5.2 Defining ‘cross-cultural management’ Unsurprisingly, there is no one clear or definitive answer to the question of what defines cross-cultural management. The answer depends on which perspectives on ‘management’ and the relation of this process to ‘culture(s)’ we choose to emphasise. Mead and Andrews define cross-cultural management as the ‘development and application of knowledge about cultures in the practice of international management, when the people involved have different cultural identities’ (Mead and Andrews, 2009: 16). This can be compared with the definition given by Laurie Jackson in his book International HRM: A Cross-Cultural Approach (2002). He emphasises the importance of ‘examining the contributions of different cultures in interaction’. This emphasis on the complexities of ‘interaction’ or ‘communication’ between ‘cultures’ (i.e. groups of people or stakeholders) is one shared by Mead and Andrews, and it is developed throughout this course, where we discuss several case studies from the field of human resource management (HRM) and international human resource management or IHRM (cf. Briscoe and Schuler, 2004; Harris, et al., 2003). The text Cross-cultural Marketing, edited by Rugimbana and Nwankwo (2003, from which you’ll be reading in Unit 5) highlights the importance of communicating one’s cultural identity in international and cross-cultural management. The book eschews the traditional practice of asking how far marketing ideas that...
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...Kennesaw State University – Spring 2014 Department of Economics, Finance, and Quantitative Analysis ECON2200-Sec:W01 (CRN: 10999) - Principles of Macroeconomics Instructor: Murat Doral Office: BB456 Phone: 678-797-2656 KSU e-mail: mdoral@kennesaw.edu Office Hours MW 10:00am-12:30pm or by appointment. Required Textbook: Mankiw, Gregory N. Western/Cengage Learning, 2009. Principles of Economics, Fifth Edition, South- Course Description: Analysis of socioeconomic goals, money and credit systems, theories of national income, employment and economic growth. Course Prerequisites: ECON2100 and six (6) credit hours of MATH numbered 1101 or higher. Course Description: This course is an introduction to the formal study of macroeconomics. Macroeconomics involves the study of the economy as a whole. Topics that will be covered include national income determination, the general price level, interest rates, unemployment, and fiscal and monetary policies. The emphasis will be on genuine understanding of the material, and not on "memorization". (See last page of Syllabus for Course Learning Objectives.) Course Withdrawal Date and Policy: Last day to withdraw without academic penalty is Monday 03/03/2014. Students who wish to withdraw with a grade "W" must do so formally through the Registrar's Office on or before Monday 03/03/2014. Make-Up Exam Policy: No make-up exams will be administered during the semester. It is the student’s responsibility to check the course calendar and announcements...
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