Corruption In Retail Industry Essay
The main reason for such actions is that multinational companies have a few assets in those countries, which could compensate the damages that they have caused. At present, this is not possible in numerous cases. Additionally, the international courts should expand their capacities to judge legal processes internationally avoiding in this manner, multinationals do not pay for their wrong or irregular actions.
Everyone recognizes the harmful effects of corruption. Large corporations have used this practice for contracts and concessions, in poor countries through corrupt politicians who have kept their citizens in misery. This lack of transparency and control within these countries, generate absence of competition. Therefore, such has limited
…show more content…
Firms must describe their principles and the codes of conduct regarding their operations. They should explain how their directors and employees behave ethically to eliminate corruption.
Retail industry is perhaps one of the most globalised businesses in the world; they manufacture their products mainly in developing countries where they can get cost advantages compared to the ones in developed countries. That is maybe the reason why they are more involved in the CSR. I have analysed some of the major players in the field: Inditex, Hennes & Mauritz (H&M), Next and Gap. In their Social and Environmental Responsibility or Sustainability reports, all of them incorporate aspects related to Suppliers, Customers, Environment, Community, Employees and Shareholders issues.
Some of the most central issues for this industry are the Supply Chain Management, the employees’ rights, like fair salaries or working conditions and the investments in communities where they operate. All this corporations describe their purchasing practices, the selection process of new supplier’s factories, the number of audits the company performs to their suppliers and the training they provide to them. Additionally, they state they are setting up the models to enforce fair wages to supplier’s employees and improve the structures to catch these objectives, jointly with local governments. Furthermore, they include their investment made in the communities regarding education and environmental projects as well as the employment opportunities created in the
Xacc/280 Week 3 Risk Analysis For Healthcare
484 Words | 2 PagesIf at all possible, the organizations investments will start to give them economies of scale or additional savings over the years (Nourse,
The Corrupt Bargain Essay
504 Words | 3 PagesThe Corrupt Bargain The election of 1824 was undoubtedly unique, but it seems it may have been the result of a corrupt bargain that John Quincy Adams himself had set up. The election consisted of four different candidates; William Crawford from Georgia, Speaker of the House of Representatives Henry Clay, John Quincy Adams from, and Andrew Jackson from Tennessee. Jackson had a lot of support from the voters because of his role in the battle of New Orleans.
Lakota Military Power
1588 Words | 7 PagesCorporations are not just hurting people here in the United States, but around the world. American corporations are located in many foreign countries where laws and regulations are not strict on labor as in the US. The prices they sell their product is high compared to what they pay the worker who made it. " The Director of the National Labor Committee explains how big corporations exploit poor workers in the Third World. He gives the example of a t-shirt that costs $14.99—the workers received $0.03 an hour for their work.
Gilded Age Industrialization And The Panic Of 1873
671 Words | 3 PagesSometimes, government officials and railroad companies would not work together, but still use each other for success, even if it meant the failure for one party. For example, if a company failed, creditors could take everything from the owner. Congressmen were often found guilty of accepting bribes, but most accepted bribes nevertheless because the risk of getting caught was minimal while the profits were
Pinto Fire Case Summary
1096 Words | 5 PagesThe article described details about the infamous Pinto fire case. The problem presents an insider account of the context and decision environment that the company cannot recall of defective vehicles. Therefore, the company give a cognitive script analysis of factors that seem like an explanation lead to decisions to improve this problem as well as a definitive study in unethical company behavior. 1. Multiple ethical selves –people are socialized to behave differently in different situations.
Webb Vs Edwards Case Study
978 Words | 4 PagesInternational laws govern how countries and states should interact with each other international law has an impact on domestic laws through human rights treaties, importing and exporting of goods and global communications and connections. The Mabo case reflects this because the domestic law at the time didn’t match the international
The Market As Prison By Lindblom Summary
1003 Words | 5 PagesWhile some Americans blame the government for it being undemocratic, the elected officials have provided us with evidence that America is undemocratic. An ideal democracy is how the government puts the people’s interest before the businesses interest. In Lindblom’s story “The Market as Prison”, it introduces a mechanism called the automatic punishing recoil mechanism (APRM). This provides businesses to have a privileged position in society.
Ethical And Socially Responsive Business: The Cheesecake Factory Incorporated
1183 Words | 5 PagesEthical and Socially Responsive Business Bruce Carter Principles of Management – MGMT 3101 Dr. Yolanda Ogletree January 24, 2018 As legally required The Cheesecake Factory Incorporated has a Code of Ethics and Code of Code of Business Conduct. The Code of Ethics and Code of Business Conduct assures compliance with the Sarbanes – Oxley Act for companies whose stock is publicly traded. The Code of Ethics and Code of Business Conduct also assures the success of The Cheesecake Factory Incorporated. The implementation of the Code of Ethics and Code of Business Conduct is pertinent to being an ethically and socially responsive business. There are many key significant areas of the Code of Ethics and Code of Business Conduct.
Competitive Advantage Of Patagonia
989 Words | 4 PagesI. Background and Company Analysis ________________________________________ Patagonia, founded by Yvon Chouinard in 1971, is an outdoor apparel company that has successfully integrated green elements into almost every business activity, from R&D to human resources management, to reduce harm to the environment. These elements firmly align with the corporate objectives of enhancing product and service quality, reducing environmental impacts and having constant innovation. These practices not only enable Patagonia to create values to its customers, but also help the company differentiate itself as innovative leader in the green segment of the industry. A. Orsato’s Framework - Competitive Environmental Strategies Patagonia should be considered
Mal-Mart Case Study: Ethical Issues Facing Walmart
1021 Words | 5 PagesThe push Walmart is making to build stores in Mexico, South America, and China means that Walmart management in those countries may face the temptation to bribe foreign officials to give Walmart preferential treatment to zoning and other matters that require foreign governmental approval (Ferrell 414). Walmart has already faced this issue with its Walmex branch of operations, which has been accused of bribing Mexican officials to streamline zoning and permit issues that are often more burdensome in Mexico than in the United States (Ferrell 414). Certainly bribery may be more common in the developing countries that Walmart intends to expand its operations into. Therefore, Walmart officials are likely to continue to face the issue of how to ensure that its management of overseas operations maintains ethical standards and avoids the temptation of bribing government officials to give Walmart preferential treatment (Ferrell
Volkswagen's Corporate Social Responsibility
1858 Words | 8 PagesIt is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which states that a firm can never exist In a vacuum (Khalidah et. al.).
Wal-Mart: Social Sustainability And Social Responsibility
1475 Words | 6 PagesThe sustainability report includes labor practices, energy efficiency, product sourcing, business ethics practices, and impact on natural environment. To provide annually sustainability report to the shareholders is good for the businesses. The well-known store in United States the WAL-MART annually provides a sustainability report to his shareholders. Wal-Mart and his suppliers both are work to gather to provide these reports. Wal-Mart not only monitors the price of products by the vendors but also monitor the vendor’s social responsibility and environmental practices.
The Three Factors Of Starbucks And The Triple Bottom Line
1687 Words | 7 PagesBusinesses have been playing a crucial role in people’s lives. No matter what they go or what the occupations they are; people are drawn to get involved in businesses. However, behind the scenes of the business thriving, the environment is deteriorated each day. Many development schemes are come up with the plan related with the depletion of the environment (Shah, 2002). Because of people and environmental damages, attentions were drawn to corporations for ensuring their sustainabilities.
Social Responsibility In Tesco
2166 Words | 9 PagesThe adoption of CSR strategy is also another drive factor for companies as it is perceived a way to gain competitive advantage. Those two aspects are strongly connected and the role of the supply chain in CSR strategies is vital (Blowfield & Murray, 2010). Companies which have not only adopted CSR actions but have highlightened them as a core factor of their long-term strategic planning may find complexities to uphold their social and enviromental standards to the whole value chain. The key issues that must be solved in the supply chains to support the firm’s CSR strategy are: • The partnership companies have with their suppliers: Companies, likeTesco, must collaborate more closely with their tier suppliers without underestimating the controlling them to esnure that sustainable ethics and actions are applied. • Particularly, for the transportation/distribution sector, the reduction of fuel emissions can be achieved by achieving a successful perfomance of lean supply chains, with organized distribution plans which will minimize the
Importance Of Ethics And Integrity In The Workplace
1324 Words | 6 PagesIntroduction Nowadays, ethics and integrity has played a vital role in our daily lives especially in the workplace. Ethics is defined as being concerned with judgements involved in the moral decision, whether it is good or bad, true and fair (Velasquez 1999); whereas, integrity is defined as the honesty and having strong moral principles in reporting. The purpose of this assignment is to find out and understand how importance of ethics and integrity has played in the business and workplace. Responses and Evidences Why compliance with Ethics and Integrity?
More about Corruption In Retail Industry Essay
Xacc/280 Week 3 Risk Analysis For Healthcare
484 Words | 2 PagesThe Corrupt Bargain Essay
504 Words | 3 PagesLakota Military Power
1588 Words | 7 PagesGilded Age Industrialization And The Panic Of 1873
671 Words | 3 PagesPinto Fire Case Summary
1096 Words | 5 PagesWebb Vs Edwards Case Study
978 Words | 4 PagesThe Market As Prison By Lindblom Summary
1003 Words | 5 PagesEthical And Socially Responsive Business: The Cheesecake Factory Incorporated
1183 Words | 5 PagesCompetitive Advantage Of Patagonia
989 Words | 4 PagesMal-Mart Case Study: Ethical Issues Facing Walmart
1021 Words | 5 PagesVolkswagen's Corporate Social Responsibility
1858 Words | 8 PagesWal-Mart: Social Sustainability And Social Responsibility
1475 Words | 6 PagesThe Three Factors Of Starbucks And The Triple Bottom Line
1687 Words | 7 PagesSocial Responsibility In Tesco
2166 Words | 9 PagesImportance Of Ethics And Integrity In The Workplace
1324 Words | 6 Pages