...I have often been asked how it was conceived and born. As far as I can remember – and memory is a notoriously fallible thing – there was no single eureka! moment. Instead, in 1994 we had been looking for new language to express what we saw as an inevitable expansion of the environmental agenda that Sustainability (founded in 1987)”. (Johnelkington.com, 2004). TBL consists of the Three Ps: profit, people, and planet. These three are different and separable yet all part of the success when it comes to the “bottom line”. The 21st century companies are called for a higher standard of excellence. This level of excellence should respond to three questions: 1. Are we financially responsible? (profit) 2. Are we socially responsible with the stakeholders? (people) 3. Are we environmentally responsible? (planet) FedEx bought into this business concept before it was politically correct and was one of the corporations that pioneered its role with social responsibility and accountability. Although it is easy to assess the first of these three TBL, it is harder to measure the 2nd (people) and 3rd (planet). Never-the-less, all companies no matter their size, location, and focus should be dedicated to this new level in their goals and measurement of success. While in discussion with Mr. Fredrick W. Smith, president and CEO and the senior management team at FedEx, they concluded that social responsibility is one of their primary focuses for this year. They believe that they cannot afford to...
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...Elena Rodriguez Global Trade Debate Global Trade Debate Why do people love chocolate so much? Is it the smell, the taste, the texture or something more? Do people know what it is the truth hidden in the chocolate business? Do they know that the main ingredient it is child slavery? Thankfully, I can said that I don’t like chocolate, so I don’t feel guilty for consume it. However, should I feel comfortable? Or should I think about what I am consuming that its production leads into harm our people, our animals and our planet? After I watched the “Global Trade Video”, I started to think deeper about the damage that consumerism is doing to innocent people. Based upon this DVD, I tend to see it from a Marxist perspective because it talks about how the rich people are getting richer at expense of poor people that are getting poorer, “the class struggle”. Personally y agree with the Video, and my position is against globalization, but I can’t be 100% in opposition because there are some points that make it positive; for this reason, I will explain what are the pros and the cons of globalization from my opinion. One positive side of globalization is that it promotes global economic growth, creates jobs, makes companies more competitive and lowers prices for the consumer; thus, countries can balance their inflation. Also, there is a worldwide market for the consumers that can access to products from different countries without live their houses. In addition, with the advance...
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...is Earth Day 2014 Below is a list of songs that relate to our earth and what we need to be aware of April 22nd is Earth Day 2014 Below is a list of songs that relate to our earth and what we need to be aware of April 22nd marks Earth Day, which globally celebrates the planet you're currently living on (it gives us air, water, food, Internet: what else could you want?). For as long as popular music has been around, musicians and artists have been writing odes for Mother Earth, asking listeners to respect this planet as best you can -- either as literally or metaphorically in their lyrics as they can. You all know some of the big Earth anthems, like Michael Jackson's "Earth Song" and Marvin Gaye's "Mercy Mercy Me", so we're adding 13 more infamous songs dedicated to the world and keeping it sustainable to this special Earth Day playlist. #GoGreen! No. | Learning Intention | Success Criteria | √ or x | 1 | Understand the relevance of the EUP topic to produce an effective title page | Uni/Multistructural:I can identify the five key environmental issuesI can define sustainabilityI can define key terms relevant to EUP | | | | | | | | | | | | Relational:I can explain my perspective on environmental issuesI can compare & contrast sustainability with non-sustainability | | | | Extended Abstract:I can...
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...Chapter 2 Case Study 1. Corporate Social Responsibility challenges that companies in the apparel industry face in its supply chains around the world: Corporate social responsibility (CSR) has become a subject of increasing significance. Companies are usually faced with the benefits versus harm created by their operations around the world. In spite of the benefits a company may enjoy in their business venture, there are several social downfalls that they need to take responsibility for. Such downfalls include but are not limited to, lack of equality, employee safety & welfare, both of the home countries and the host countries. The opening profile highlighted the subcontracting of child labor by Primark. The case study highlighted the issue of work treatment & conditions by Nike. In addition, workers were underpaid & punished for refusing overtime. At this level, the ethicality of the companies are being challenged, with varying legal and cultural limits across borders. The main question a company should answer is how should their ethical standard be based? Should it based on the home country or the host country or can it be reconciled? If the company ignores its ethical responsibility to workers, how will that affect production and sales? Association in unethical business operations can be quite disastrous to companies. Another ethically challenging aspect is that companies are also limited by jurisdiction. In the instance of the host country, legislations may...
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...companies, as published by Boston College’s Institute for Corporate Responsibility, to the S&P 500, the companies perceived as having the most ethical corporate governance consistently outperforms the competition in the long-run. This has become particularly important within the apparel industry, which has developed a stigma due its use of sweatshops over the last several decades. As many industries have become more and more automated, the apparel industry still requires an incredible amount of human capital to produce its products. Because of this, the industry has traditionally outsourced its production facilities to nations with low minimum wages and even lower working standards. There is little that can be done to avoid the nature of profit maximization and outsourcing, but companies like Nike have since realized that if they allow their products to be produced under horrible working conditions, or conditions that the company’s consumer base deems unethical and immoral, then your consumer base will not purchase their products. The Sweatshop Code of Conduct is a signatory agreement that aims to establish an ethical minimum for working conditions around the world. This is not a law and therefore cannot...
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...2010 Benny Van Calster – EMBA 2009-2011 AMS - Take Home Exam – Global Business Law & Ethics [GLOBAL BUSINESS LAW & ETHICS – PROF. DONALD MAYER] Take home exam for course of Global Business law & ethics. Based on teaching notes & B. Nelson book. Q1 of CVD CASE -> State why Karl Mann’s boss has provided advice that was ethically & strategically to be ignored … + Why is digging a shallow trench a poor choice? We have clearly seen in the course that the legal and ethical behavior of an organization and its employees should support the long-term business strategy. It is imperative that ‘sustainable growth’ is the driving force of any organization… and this should be based on the People-Profit-Planet structure we have reviewed in the course. If we look to the advice of Karl Mann’s boss we could analyze it as following: 1. Profit: the decision/advice will support the short-term goal of profits, but not in a foreseeable and sustainable way; the risk which is embedded in his advice (i.e. possible death of people) is too high for the corporation! If something happens with injuries of workers the reputation of the corporation is damaged as such that the long-term profit is at risk… 2. People: this is clearly not the right advice in order to prevent damages and injuries at the people side. He reckons there have been accidents with dead people before, and still advices to go down that route ..; clearly an unethical decision where he –on purpose- risks the life of his workers. This...
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...3 1. Profit 3 2. Planet 3 2.1 Environmental stewardship 3 2.2 Financial contribution to the planet safeguard. 3 3. People 4 3.1 Employee benefits 4 3.2 Empowering African women (gender balancing) 4 3.3 A new perspective on aids 4 III. Stakeholders analysis 5 1. Company analysis 5 1.1 Strengths 5 1.2 Weaknesses 5 1.3 Oliberte’s key internal stakeholders 5 2. Community analysis 6 2.1 The government of Ethiopia 6 2.2 Certifying bodies 6 3.1 Main customers 7 3.2 Mint footwear san Diego 7 4. Competitor analysis 7 4.1 Some competitors 7 4.2 TOMS 7 IV. Conclusion 7 V. References notes and Bibliography 8 ANALYZING OLIBERTE LIMITED’S SUSTAINABLE MARKETING I. Introduction Oliberte Limited is a Canada based B-corporation specialized in leather shoes manufacturing. The particularity of this company is that its shoes are entirely crafted in Africa with hormones free livestock material. The following essay is an analysis of Oliberte’s 3BL and stakeholders. II. Triple bottom line analysis 1. Profit Oliberte started its business in 2009 with a sales figure as high as 200 pairs of shoes. The sales increased up to 10,000 pairs in 2011 and 15,000 in 2012 with the launching of its own new factory in Addis Ababa. Though the company claims on its official website to have exceeded its sales projection, Mr Dehtiar the founder and president of Oliberte was expecting the 2012 sales to be between 20,000 and 25,000 (Tate Watkins, 2012). 2. Planet 2.1...
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...the concept of social responsibility has been described in different ways. For instance, its been called “profit making only”, “going beyond profit making”, “any discretionary” corporate activity intended to further social welfare”, and “improving social or environmental conditions”. We can understand it better if we first compare it to three similar concepts which are Social Obligation, Social Responsiveness and Social Responsibility. Social obligation is when a firm engages in social actions because of its obligation to meet certain economic and legal responsibilities and nothing more while Social responsiveness is when a company engages in social actions in respons to some popular social need. Indeed, Social responsibility is as business’s intention, beyond its legal and economic obligations, to do the right things and act in ways that are good for society. From what we had go through and search on Avon, our group had agreed to conclude that this company is one of the company which apply those Social Responsibility in its management. This is because, Avon had launched so many social actions and activities those related to the way on protecting nature and human being such as Avon Breast Cancer Crusade , launched in 1992. The other one is, Speak Out Against Domestic Violence, launched in 2004. As a global citizen, Avon also responds to major natural disasters and emergencies in areas where the company has a presence. . The program, called Hello Green Tomorrow, is a corporate...
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...reducing the resources of oil and creating an energy problem on this planet they are also creating atmospheric pollution. A single change in a positive or negative way can have an effect on many other factors of this environment. In order to create positive change there needs to be proper research and education into what changes will have the best impact on this planet. The cost of the change will always be a factor but humankind needs to consider; is the cost of change a bigger factor than the change itself. There needs to be real consideration for the impact that we have over the environment by our actions and not the cost of what it will take to make a positive impact; the longer humankind takes to make positive changes the more it will inevitable cost to make those changes. The different environmental problems at this point in time that impact this planet are all linked; they all break down to how much carbon dioxide we are producing on this planet. Carbon dioxide is produced by using nonrenewable resources such as oil and coal and has exponentially increased due to the industrial revolution. The earth naturally producing carbon dioxide but we have increased the amount in the atmosphere due to our use of nonrenewable resources. We need to find the best ways that can reduce our dependence on nonrenewable resources and find a way to increase renewable resources. The energy consumption of this planet needs to become clean...
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...bought legitimate activities into being but also bought about the spread of transnational organised crime and other new crime opportunities. E.g castells argues that there is now a global criminal economy worth over £1 trillion per anum such as arms trafficking, trafficking in women & children, cybercrimes, green crimes and many more. Thus globalisation has given birth to many new crimes throughout the world. | AO2Globalisation has not only created new crimes but it has also created many insecurities among the world which sociologists call a mentality of “risk consciousness” where risk is tied global not just in one area. E.g increased movement of economic migrants seeking work or asylum seekers fleeing persecution has given rise to anxieties among populations in western countries about crime, disorder & need to protect borders. Due to globalisation and the media’s over exaggeration of dangers we may face has led to many insecurities in our world today. | AO1Taylor who comes from a socialist’s perspective would argue globalisation has led to many changes in the pattern and extent of crime. For example, he stated that globalisation has allowed transnational corporations to switch manufacturing to low wage countries producing job insecurities unemployment & poverty. Also marketization makes people see themselves as individual consumers. Left realists state increasing materialistic culture promoted by media only portrays success in terms of a lifestyle of consumption. Thus...
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...lawless protagonists’ eco-sabotage against overdevelopment carried by big business corporations. Abbey introduces necessary consequence of the corporations and capitalism on nature, showing that the damage they cause is higher than the benefits they produce. Encouraging resistance to global capital, he inspires direct protection of the threatened natural environment. The recurring motif, the resemblance of machine and big business corporations, throughout the novel serves to reflect Abbey’s argument that monkeywrenching should be directed toward machines and capitalism. Abbey employs an allegory of transnational corporations to foreground his opposition to capitalism. When Doc, Smith, Bonnie, and Hayduke see the industrial wastes of the Black Mesa coal mine, Doc responds with an image of monster, “The whole conglomerated cartel spread out upon half the planet Earth like a global kraken, pan tentacles, wall-eyed and parrot-beaked, its brain a bank of computer data centers, its blood the flow of money, its heart a radioactive dynamo, its language the technetronic monologue of number imprinted on magnetic tape” (172). In the description, coal mining operation for energy production is linked through global capital to big business corporation. Doc reflects on the size and the destructive power of the operation as compared to the “Kraken” of Scandinavian myth that dwells at the bottom of the sea, rising only to herald the end of the world. Kraken’s mechanical “brain” symbolizes structural...
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...socially useful life of organizations, enhance the planet’s ability to maintain and renew the biosphere and protect all living species, enhance society’s ability to solve its major problems, and maintain a decent level of welfare and personal freedom for, present and future generations of humanity” (p. 9). This is a very loaded definition of the word, but to put it simply, sustainability refers to the actions that humans can take that will ensure the health and wellness of our economic, social, and environmental communities. At such a tumultuous time in human history, achieving sustainability has never been more difficult, or more necessary. Our carbon emissions are destroying the planet, many people around the world live and work in unjust environments, and economic troubles have affected billions of people. There are ways to fix these problems, however. Not any one organization or government is responsible for this shift, we all have a duty to create sustainable systems that will ensure our own and future humanity’s survival and prosperity. In this paper, I will be discussing the three main pillars of sustainability (economic, social, and environmental) and how they relate to me as an individual, the business sector, and the world as a whole....
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...known as people, planet, profit or "the three pillars.” UN standards apply to natural capital and human capital measurement to assist in measurements required by TBL. TBL is it important? Because the TBL is made up of "social, economic and environmental" factors. These factors are made up of "People" which business practices towards the labor that is put out and the communities where a business is established. You have a social structure which stakeholder interest is all-interdependent. "Planet" which are natural capital and refer to the environmental practices. TBL when related to nature fit the natural order and ensures no harm to the environment. A TBL reduces ecological footprint, carefully managing its consumption of energy and non-renewables and reducing manufacturing waste as well as rendering waste less toxic before disposing of it in a safe and legal manner. A TBL company won’t produce harmful/destructive products such as weapons, toxic chemicals or batteries containing dangerous heavy metals that will cause environmental damage. "Profit" the economic value created by an organization which deducting the cost of all inputs, including cost of the capital tied up. TBL is the economic impact the organization has on its economic environment. That can be confused to be limited to the internal profit made by a company or organization. TBL approach cannot be interpreted as simply traditional corporate accounting profit plus social and environmental impacts unless the "profits" of...
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...Without question, "sustainability" is the latest buzzword in many sectors, public and private, for-profit and nonprofit. Is it just the latest fad? This paper, the first phase of a larger research project, agues that sustainability is "creating permanent shift in the very nature of business." Sustainability integrates three spheres--profits, the planet, and people--often viewed as competing or contradictory. How can management integrate them to boost the "triple bottom line?" This study identifies the leadership challenges through a literature analysis and emphasizes that measurement tools often miss the point: the pursuit of an organization's particular brand of success is a journey, not a destination. [ILLUSTRATION OMITTED] Introduction "Sustainability" has come to have many different meanings. It's the latest buzzword among business, government, and nonprofit entities. Business leaders must be wondering if it's just the latest management fad of a concept that will fundamentally change how businesses are managed and measured. This paper is based on the notion that sustainability is more than a fad, but rather is creating a permanent shift in the very nature of business. Since the advent of the paradigm of sustainable development in the 1980s, the private sector has been shifting from a narrow economic conception of responsibility toward a comprehensive approach that attempts to balance economic objectives with environmental pressures and changing societal expectations...
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...advances and expands, businesses are faced with challenges of maintaining social responisibility through the enviroment while at the same time generate profits for their shareholders. Can a business achieve both goals without jeopordizing their economic value? In order to answer this we analyze three factors that directly affect green business strategies. Ethical consideration – Ethical consideration happens on four different levels: personal, economical, societal/enviromental, and technological. Throughly analyzing each level of consideration creates a much better understanding of different morals and values in our society. Ethical Theories – Can ethical theories be applied to help assist leaders to make more informed decisions towards developing eco-friendly principles? Based on the dentology theory and the four fundamental questions using Kantian ethics, we determined that establishing a eco-friendly principle could become a moral law. Ethical Decision-making process – Businesses that integreate a decision-making process revolving around eco-friendly core, will establish a interal company culture that will guide them to make the nessisary decisions to consistantly be enviromentally aware. Based on the findings in the report, we can conclude that it is possible for businesses to maintain a desirable level of profits and at the same time become a green business. Introduction Henry Ford once said, “Thank God men cannot fly, and lay waste the sky as well as the earth...
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