Exam #2 Take Home #1. Mackey’s view of CSR is that the company must value their customers and give them a value product. Friedman’s view is that the money is important and corporations should capitalize among that. Rogers seems to be in the middle of the two but he has a strong view that the profits are important. I believe Rogers is the best view. This is because he mixes the two ideas together. He believes you should make profits but he also believes that treating customers with value is also
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What, if anything can trade Unions’ do to challenge the employment strategies of multinational strategies of multinational companies? In the 1990’s globalization took the world by storm, it overcame into the way businesses were run, the products and goods we use and employment used. Globalization allowed good to be traded at an international level, increased the level of Foreign Direct Investment (FDI), increased the number of international transactions and trade barriers decreased, making it
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1.0 INTRODUCTION 1.0.1 What Is Ethics? Ethics commonly means the rules or principles that define right and wrong conduct. Professional philosophers use the term ‘ethics’ to refer to the systematic study of these rules or principles, but the companies shall accept the more common definition and focus on the principles themselves. Ethical rules embody the idea of morality or, in other words, notion of what is morally right and good, as well as those things considered to be
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Walmart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores. Walmart was more profitable than rivals Kmart and Sears by the late 1980s. By 1990, it became the largest U.S. retailer by revenue. In 2005, Walmart reported US$312.4 billion in sales, more than 6,200 facilities around the world – including 3,800 stores in the United States and 2,800 elsewhere, employing more than 1.6 million associates. Walmart U.S. does
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most of Wal-Mart department store private label clothing were manufactured in countries worldwide (UFCW, 2010). Wal-Mart is one of the major importers of overseas merchandise according the to UFCWs website. This is an ethical decision because the sweatshops pay is little to nothing, when being compared to the United States. Wal-Mart is as slave masters, put workers in a small room, put material before them, and tell them to work, these overseas countries work at a poverty wage, this is measured as
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Michael Brown WLSP101 October 3, 2013 Baseball in the Dominican Republic The Dominican Republic or “Republica Dominicana” is located in Central American and takes up two-thirds of the island of Hispaniola, which also includes Haiti. As of 2012, the population of the country is 10,088,598 with a growth rate of 1.31%. The capital of this Spanish speaking country is Santo Domingo, which has a population of over 2 million people. The Dominican Republic is a representative democracy and the current
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of the how workers abroad are treated, including working conditions, by the foreign contractors remains a hot topic. Many companies, such as Nike, over the last couple of decades has been in the spotlight for partnering with “sweatshop” type factories abroad. A “sweatshop” type factory consists of an unsafe, dirty or hazardous work environment, long work shifts, child labor, and low/minimal wages. Nike’s move of partnering with factories abroad was an innovative trend to save money for the company
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Case Assignment 2: Nike: Managing Ethical Missteps-Sweatshops to Leadership in Employment Practices Andrea McCoy Liberty University Introduction Nike has been one of the leading companies in athletic shoes and apparel for many years and it all started from writing assignment. Phil Knight founded Nike (formerly known as Blue Ribbon Sports) back in 1964 with the help of Bill Bowerman. Phil wanted to create a new company that could be of competition for Adidas and Puma. Nike started distributing
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unsettling yet painfully obvious thought. Sweatshops. To me, there was no other explanation as to how one of the world’s most popular clothing stores for young woman could provide such a marked down price to its customers. The stylish knockoffs became to me what they had always been, too good to be true. Upon returning from my long day of shopping, I decided to dig a bit deeper into this new found curiosity I had. Trying to figure out if Forever 21 utilizes sweatshops was sadly an extremely easy task.
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The word "maquiladoras" is Spanish for "factories and/or sweatshops". The factories first started in 1965 as an ad hoc experiment at secluded sites on the U.S.-Mexico border which expanded quickly into quite a sophisticated federal program intended to attract export investments. In the early eighties, major economic problems seeped into Mexico causing an ensuing need for overseas investment. To improve Mexico’s economic problem it would have to develop through the success from the maquiladoras,
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