Written Case – Body Shop, pp. 72-73
1) Is Anita Roddick correct when she claims that it is possible to run a business in a very ethical and socially responsible manner and still “give shareholders a wondrous return on their investment”?
Answer: I think her statement is probably correct and I appreciate it too. However, I would noted that the natures of environmental concerns and considerations for the people in third world countries are somehow contrary to the stockholders’ satisfaction. If people have no more interest on how Body Shop concern humanity or if there are any news that dishonored Body Shop contributions (just like what happened in the case), it would be a crisis for its stock price.
2) Is the percentages of ingredients that come from Trade not Aid project an irrelevant statistic, as Gordon Roddick claims?
Answer: I think it is not an irrelevant statistic for the public to evaluate Body Shop contributions. However, I would say that it is inadequate information that might mislead the public. I agree that we should also look at those courses that Body Shop had taken to solve difficulties to reach the goal to help people. But the general public would not realize them easier, that is why we need statistic. I would suggest Body Shop to issue quarterly report on the journey of help people in order to support the statisic.
3) In light of the ethicvs audit report, evaluate Body Shop’s claim to be ethically responsible.
Answer: I would say that, as a commercial company, Body Shop is being one of the most ethically responsible companies. It takes
Many perceive a car mechanic and an auto body repairman as the same person since they both attend to vehicles. The truth is that the two carry out different roles in car attendance but they are both beneficial. A car mechanic is one that you visit to repair your car whereby they are required to attend to the damage in a very short time moreover mechanics are independent or self-employed. An auto body technician is a trained person who can perform so many duties related to a car including a mechanics role to repair, maintain and refinish vehicles. These technicians are highly based in automotive industries.
Of the many possible ethical dilemmas that people could face in the business world, the article: “The ‘Do Whatever It Takes’ Attitude Gone Wrong” portrays particular ethical situations in todays business world that are very common: poor social responsibility and its negative effects. Social responsibility is considering what affects business decisions and products have on society. The article reveals what goes on behind the scenes at a business in terms of poor ethical decision making and how often it occurs. It mainly focuses on how business decisions are made without consideration
Does the maximaization of shareholder value reward socially destructive actions by corporations?Certainly not.A company is not an instrument of shareholders, but a coalition between various resource suppliers, with the intention of increasing their common wealth and hence is contradictory to Mr Al Dunlaps view of share holder primancy.
Consider a business case that challenges ethical behavior and standards. As the new controller for Mega Wheels, Inc., Julie Emerson needs to adhere to the IMA’s Statement of Ethical Profession...
In general, most people practice utilitarian ethics and hold themselves accountable for doing the right thing as well as does corporations, businesses, medical facilities, and Public Health service. Therefore, these companies put in writing their company ethics policies and
Imagine you’re driving down the road in your brand new car. Another driver pulls out from a side road and suddenly the whole side of your brand new car is twisted and dented from fender to fender. Most people will be in an automobile accident at some point in their lives and they will require the services of an auto-body repairman. Auto body repair is not only the art of taking damaged vehicles and making them drivable and safe, it is also taking old vehicles or worn out looking vehicles and painting and freshening up their overall appearance.
Materialistic things consume today’s society, whether it is cars, clothing, or jewelry, in a sense we rely on these objects for our happiness. Companies such as Nike, Gap, and Toms, have all had major success do to their loyal customers, who seek the name brand logo of their company. These companies have continued to grow tremendously, making billions of dollars; the companies strive to find ways to outsourcing its manufacturing, in hopes of making more and more profit. Profit is not the only thing that rises, many questions and investigations have occurred, exposing the poor ethical choices these businesses have made. Nike, one of the most well- known and profitable companies have experienced this heavy scrutiny first hand. Throughout this essay the reader will gain a better understanding of Nike’s poor ethical business decisions and what actions they took in order to repair their image.
To supply the wants and needs of a consumer, society entrusts wealth-producing resources to the business enterprise.” (Santayana, George. Is The Tyranny Of Shareholder Value Finally Ending? So before we go into greater detail on the different perspectives related to social responsibility, one might question the meaning of social responsibility. It is generally agreed that social responsibility is defined as the business obligation to make decisions that benefit society.... ...
The aim of this paper is to discuss the challenges of values-based decision-making ethics in the current marketplace. This discussion will include the research findings on the four markets for potential expansion and an assessment of the current social and political climate of each. A recommendation will offer three best fits based on a comparison of company values, and will include detailed rational for these choices.
The business world has always been a very risky business. There is a lot to worry about no matter what position a person fulfills; everyone has some level of responsibility. The Gap Incorporated is a multinational specialty retail company (Gap Inc. 2014). The company was created by a Doris and Don Fisher (Joslin et. al. 2010). Don Fisher and his wife was a very wealthy couple, Don was a real estate developer (Joslin et. al. 2010). They decided to open up a clothing store when Don realized how popular jeans were becoming in the fashion industry. Another reason that Don Fisher wanted to open a clothing store is because he has an extremely difficult time finding jeans that fit him properly in department stores (Joslin et. al. 2010). So in the year of 1969 the Fishers opened the very first Gap store in San Francisco, California (Gap Inc. 2014). In this paper I will explore The Gap Incorporated and discuss the company’s ethical culture and behavior past and present. Based on preliminary information, I hypothesize that The Gap Incorporated is an ethical company.
For instance, Cargill’s labor standards for its workers in the developing nations of West Africa have been questioned. In recent months, Cargill has taken steps to ensure that it’s harvesting and production of cocoa does not fuel the need for child labor and/or promote deforestation. According to a recent article published in the Minneapolis Star Tribune newspaper, “As a supply chain leader, Cargill is often scrutinized for its role in either helping or hurting environmental and social concerns associated with the harvesting of cocoa beans” (Painter 2017). These beans are mainly gathered by small, family-operated farms and are eventually purchased by Cargill from cooperatives made up of the supply of many
With evidence I have displayed, my hypothesis was supported and has revealed how ethical Colgate is. Colgate is not a company that is selfish and just focuses on what suppliers can do for them but more on how primary and secondary stakeholders can benefit from Colgate and how Colgate can benefit from them also. Colgate is a stakeholder orientation company and focuses on the community and as what I’ve read on, the community is very happy with Colgate.
...s the government legally puts a barrier in doing business with foreign companies Almas Super Shop will not be able to continue its business with Guess. This will bring a negative impact in Almas Super Shop’s business. If after 20 years socially people become more brand concerned and their spending pattern changes than now Almas Super Shop and Guess’ business will be in boost as more people will be buying Guess’ products than before.
Friedman, M., (2007). The Social Responsibility of Business Is to Increase Its Profits. In W.
As a student interested in one day starting a firm, learning the business models and its advantage is prepping me for the real world. Those models like the SWOT Analysis are bringing me closer to my dream of running my own business. Professor Sheldon’s experience in the business atmosphere has opened my mind to the experience of running an enterprise. This has helped me slowly develop my plans on what nature of business I want to enter and the stakeholders I’m obligated too. Apart from obligation I am also subjected to the laws of the land and a social responsibility. I must consider ethical behaviour in doing business as a lack of it has negative effects. Look at Enron for example, where the firm lied to their stakeholders just to keep stock prices up and later crashed the company. This resulted in many investors losing their pension and savings and now the board is serving long jail