The main purpose of this article is to discuss the Caux Round Table (CRT) Principles for Responsible Business which has described moral standards for suitable behavior in the workplace. Breaks in company honesty, whether among a small amount or a lot of individuals, compromise the beliefs of workers and for this reason the ability of an organization to provide people’s needs. The main idea of the article is to determine a universal code of ethics in the CRT and talk about the standards for behavior in the workplace. The most important information in this article is the principles themselves and the similarities and/or differences to Jerry White’s Biblical guidelines. The first principle of CRT is to respect stakeholder beyond shareholders
Why or why not? The chapter defines global corporate citizenship as committing to serving various stakeholders. I think that Apple did demonstrate good global corporate citizenship. Even though many of the tragedies could have been avoided long before the audits were performed, I think that Apple responded well after learning of the mistreatment of its indirect employees. The company understood that corporate citizenship is increasingly important for their long-term success and took action by commissioning a month-long, independent investigation of the labor conditions at its suppliers’ factories in China.
Why hose local laws, when there are well accepted international laws for such transactions”. (Jack Brandt; Chief Executive Officer, Cadmex Pharma) When the local customs and laws conflict with the customs and laws of an organization operating abroad, which should prevail? The customs and laws of the jurisdiction that the business has chosen to operate in will commonly prevail. If the company has multiple locations in other countries, the same will apply for each operating location. Compliance with the law of the nation is an initial understanding going into the contract from the
Case Study: Mattel and Toy Safety Stacey T. Pendolino-Meadors BUS250: Corporate and Social Responsibility Instructor: Dawn Nardini August 1, 2012 Mattel and Toy Safety Mattel Corporation is the largest toy company in the world, a publicly traded organization with a market capitalization of over $6.5 billion, employing approximately 36,000 people worldwide in 42 countries. Their products are sold in 150 nations (mattel.com). With the bad publicity Mattel got, some parents still support them 100%. Yes, I believe that Mattel acted in a socially responsible and ethical manner regarding the safety issue in 2007. According to the case study and given factors, Mattel has always held a reputation of being a good corporate citizen.
APPLICATION EXERCISE II – MKTG 3371, 1. I read in the chapter that business needs government regulation to protect innovators of new technology, to protect the interests of society in general, to protect one business from another, and to protect consumers as well. In my opinion the government should implement levels of measurement and regulations to every aspect of the marketing mix, as marketing plays an important role in society. As we all know, the fundamental objectives of most businesses are survival, profits, and growth. It is clear to me that marketing contributes directly to achieving these objectives, with government regulation to the degree of a clear transparency, and a system of checks and balances that works for all.
Erikson’s Timeline Amy Conway PSY/230 2/28/2015 I believe that Erikson did fantastic explaining the stages of life. It really helped me to understand his ways of thinking. The stages of life make sense and seems to be almost exactly the way that I would think of the stages as well. The prototype for generativity is raising children. By caring for children, Erikson argues many adults fulfill their basic ‘need to be needed’ (Erikson, 1963) and directly promote the next generation.
Putting all of this together and using the example of international law of sea, Japan, Korea, and China, which would be the good subject and who would the judge be? Each country would say they are just trying to protect their own property and the law so I think all of these three countries can be good subjects. At this point, a sensitive judge would become important. The judge needs to be sensitive about the topic because it has many historic backgrounds about who is actually claiming the truth about the part that is being fought
The website provides information to educate employees who want to find out more information or are confused about Sony’s corporate culture. It mentions the company’s ethical business conduct and compliance with laws and regulations. In addition to the ‘Sony Group Code of Conduct’ as a reference, the company tries to strengthen the compliance system by providing employees with an internal hot line system for any questions or concerns. In addition, Sony encourages whistle blowing because they want their employees to report concerns or seek guidance about possible violations of laws or internal policies. Although Sony does not reward whistle blowers, they do keep reports issued in good faith confidential and protect the employee.
Ethics are subjective, but some principles of ethics have relatively widespread following. In the area of business ethics, the major accounting firm of Arthur Anderson has produced educational materials regarding ethics that are widely used through out North America (Cooke, 1990). Their premise is that ethical behavior is good business because at its core human interaction requires some trust in a civil reciprocity. No matter how explicit a contract, for exam-ple, at some point the potential exists to find uncovered circumstances. Partners need to trust that the spirit of the contract will prevail when those circumstances arise.
Absolute quality of its products is the main emphasis of the company and it has invested a lot of resources to make sure that it produces products that are as close as possible to the imaginations of the consumers. The company’s brand is unique as it concentrates on traditional artisanship and designs, instead of using machines to increase production. The company’s products are totally original and they are manufactured in a way that cannot be imitated easily (Gordon, 2012). On top of this the company puts a lot of efforts in protection of its brand given the rising challenges of counterfeit goods. It does this by organising workshops and forums that seek to educate people on issues of intellectual property rights.