Introduction In the business culture, it is crucial for a business to behave ethically. Ethics can be defined as, “the study of how people ought to act” (Lecture 1, 2017). Businesses do not behave ethically because they think their profits will increase, even though unethical behaviors can be costly to a company. When a business acts ethically correct, society benefits from the encourage economic competition, people feel better about working for that company, and it 's the right thing to do which
Running head: Nike and the Sweatshop Debate Nike the Sweatshop Debate Shelia D. Marshall Global Strategies MGT 448 Shabbir Karim October 12, 2009 Nike the Sweatshop Debate Beneath all the hoopla and controversy about Nike being a successful company in the United States in which its earnings in 2009 according to Hoovers Inc., 2009, Nike’s revenue for 2009 was $19, 176.1 million and their gross profit was $8,604.4 million, made possible by the hands of women and underage workers
engage in sweatshops justify these unethical behaviours by arguing that they are helping the poor people or the underdeveloped nations? Maybe sweatshops and child are not seen as the products of greed on the part of business tycoons, since governments, society and the individuals who are directly or indirectly involved in it tactically encouraged it. Similarly, looking at this argument from the classic utilitarian perspective on these premises: against labor practices; that sweatshops create more
A sweatshop is defined as a factory where manual workers are employed at very low wages for long hours in unsafe working environments (Oxford Dictionary, 2011). Sweatshops are especially associated with clothing industries, such as Nike, Gap, Walmart, Primemark and other brand names. Sweatshop history begins in 1830 with clothing factories in New York City and London, even then the working conditions were poor, e.g. rat infestation. Since the 1850s worker unions have improved “sweatshops” conditions
This paper delves into the well-known Nike Inc. and the ethical dilemma they have been struggling with for years, including the history as well as their efforts to address the issue. While they are have already found ways to try to turn their company around, this paper discusses multiple alternative options as well as the top recommendation and form of application for management to take. With analysis, evaluation, recommendation, and application, this case study will also focus on the impact of the
Critical Analysis of Nike History Nike began as Phil Knight’s semester-long project to develop a small business, which included a marketing plan. This project was part of Phil Knight’s MBA course at Stanford University in the early 1960s. Phil Knight had been a runner at the University of Oregon in the late 1950s. His idea for his project was to develop high quality running shoes. He thought that high quality/low cost products could be produced in Japan and then shipped to the United
valuable resource for Nike. Cutting costs by employing workers at a reduced rate or paying less for plant operation allows Nike to invest the additional profits into other areas of the business such as advertising, thereby increasing the potential for company growth. In addition, decreased operational costs are more likely to attract and retain company investors because more money can go into increasing business profitability. Increases Competitiveness * Because Nike is able to more efficiently
with healthy and safe working environments. In Chinese society it is nothing like this. Since the difference between the rich and poor is a lot greater in China than it is here, many of the poor jump at the opportunity to work in a factory or sweatshop job. They are very low paying and are not provided with a safe and healthy environment to work in. Often times the terrible environment is accompanied with abuse provided by the managers. It is not getting any better either because
Case Study: Nike, Inc. International Business and Trade Unit 1. Company Ethics: Nike Inc. in Cooperation with its suppliers Many global companies like Nike, Inc. are seen as role models both in the market place as well as in society in large. That is why they are expected to act responsibly in their dealings with humanity and the natural world. Nike benefits from the global sourcing opportunities, therefore areas such as production and logistics have been outsourced to partner companies in low-wage
Corporation Case Study: Nike What is it? NIKE, Inc. is the world’s leading innovator in athletic footwear, apparel, equipment and accessories. Before there was the Swoosh, before there was Nike, there were two visionary men who pioneered a revolution in athletic footwear that redefined the industry. Nike Employees Nike Employee Networks are designed to help Nike move toward greater diversity. In the U.S., six employee networks focus attention on important communities within Nike. The intended