COMPANY SYNOPSIS NIKE, Inc. NIKE is a multinational recognized company that is coined as one of the largest sellers of athletics footwear and apparel with revenues grossing $30,601 million. (Marketline, 2016) Its management team consists of an executive board of directors, corporate governance team and a board of directors. Its Board of Directors Philip H. Knight, is one of its co-founders. Knight and his partner Bill Bowerman founded at that time Blue Ribbon Sports in 1964 and changed its name
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people that are harmful to the society like products made from animal skin is not purchased. On the other hand, in case of buycotting, the products are purchased that encourage ethical issues like purchasing of cotton clothes that are certified as 'sweatshop free.' Ethical consumerism
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and the public are merely stepping stones to higher profits. Bakan makes clear that the corporation is a pathological beast. “Because it has to maximize its profits… everything is legitimate in the pursuit of that goal. So using child labor or sweatshop labor or despoiling the environment… is legitimate” (Bakan 55). Milton Friedman also states that CEOs must only focus on generating profits. If they do not, they violate the fundamental legal mandate: “to put shareholder interests above all others”
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Wal-Mart: The Future is Sustainability Summary Wal-Mart Stores, Inc. is one of the top companies in the retail industry. According to Forbes (2010), in 1962 brothers Sam and Bud Walton ran handful of small 5-and-10 stores in Arkansas and Missouri and they built their first Wal-Mart discount store in 1962. Then on Halloween day 1969 Wal-Mart Corporate (n.d.) states that the company incorporated. Since those early days when the founder Sam Walton was running the company many things have changed.
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Mission statement = A formal, short, written statement of the purpose of a company organization Stakeholder = a person with an interest or concern in something, especially a business Public sector = the part of an economy that is controlled by the government. Private sector = the part of the national economy that is not under direct government control. The two business I have chosen are NHS and Nike The NHS (National Health Service) is located in the public sector as it is financed and
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ancient civilizations, became worse in the eighteenth century, and unfortunately still exists today. No matter what event you choose to focus on, between the Atlantic Slave Trade, to the London Laboring Classes and its child labor, to the more recent sweatshops that still exist in Asia, the pain and suffering these people had to go through and are still going through is not only inhumane, but also immoral. “The London Laboring Classes” is an excerpt from the London Journal by Flora Tristan. The article
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Introduction A developing country, or LDC (less developed country, is defined by it’s relative economic standing when compared to other countries around the world. Several aspects make up what is a developing country. These types of countries usually have a relatively lower standard of living, lower economic growth, weak and sometimes corrupt governments, a wide gap between the wealthy and the poor, and a lower gross domestic product per capita. These developing economies can be found throughout
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is a huge supplier of Apple. He is originally from rural area of Jieyang, Guangdong and began his working life on the assembly line. Industrial workers of Foxconn have been worked in poor environment, lived in a tiny shared dormitory and endured sweatshop work for excessive and forced overtime. Lizhi was also one of these migrant workers who worked “standing straight like iron, hands like flight” on the assembly line without day and night. His life was nothing but an iron machine; however, he had
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page, so to speak. Further, in a large company with employees in different locations, maybe even different countries, a code of conduct can bridge the ethical gaps. Wal-Mart’s own Code of Conduct was developed in 1992, arguably in reaction to the sweatshop allegations involving clothing manufactured as part of the Kathie Lee Gifford clothing line (Kenny, 457). At its beginning, the Code was to apply to all suppliers both nationally and internationally. The Code of Conduct was meant to be incorporated
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CIB100 ASSIGNMENT 2: BUSINESS SUBMISSION SEMESTER 2 2014 NAME: A Student STUDENT NUMBER: 12345678 STUDENT EMAIL: A.Student@student.curtin.edu.au TUTOR: Chris Bright TUTORIAL TIME: Friday 10-12 COMPANY: Telstra WORD COUNT: 1999 (excluding references) A. Student DIRECTOR OF CORPORATE COMMUNICATIONS TELSTRA CORPORATION OCTOBER 7 2014 OUR COMMITMENT As one of Australia’s leading telecommunications companies, with over 36 000 employees and the country’s most
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