Nike Research Paper Posted by admin as Example papers Research Paper: Hitting the wall – Nike and International Labor practice Introduction One should start by saying that having read the Nike company case study I understood that the company despite its great popularity in the USA has certainly been questioned for its notorious exploitory practices abroad. One one had the company strives to minimize its costs and maximize the profits, yet on the other hand some claim that it should do everything possible to benefit the society it works in. The following essay will explore the Nike’s global strategy towards cost minimization, explore the ethics behind it and present numerous educated findings together with my personal opinion. Body Outsourcing is one of the most important business practices that the modern day organizations use in their daily practices to minimize costs and improve competitive advantage. There currently are two main types of outsourcing: traditional and Greenfield 1.
That would be the employee. The well-organized companies effectively manage the agenda’s and prospects of its stakeholders. The stakeholders in this situation are customers and the child laborers who are working in the rug factories. Although Ikea prides itself on maximizing a dollar, I don’t think the were anticipating buying merchandise which had been manufactured by child laborers. Ikea’s customers may disagree with the Image of Ikea coming across as a capitalistic giant that is willing to practice unethical and unscrupulous practices to obtain a competitive edge.
An example of this could be social security benefits. These motivations help the company recruit top level employees and increase their overall productivity. But this can be a trade-off as these benefits and rewards can be costly. Takeaway 2 - Corporate Culture, Human Resources, and Ethics Zappos is a great example of a company that has created a lively atmosphere for their workers through their casual working environment. But another takeaway is that this type of culture is not compatible with many companies.
Benjamin Powell a graduate from Hampden-Sydney College is featured in an article from the Library of Economics and Liberty. In the article contrary to most American and global views based on overall society stigmas of sweatshops, Powell is in defense of sweatshops. Powell supports his argument with logic and reason. His first example given is that sweatshop laborers dont have an alternative to earn money. The second example given is that the money earned daily by laborers is often higher than the average national wage.
Consequently, stimulates invention, and creativeness in the commercial community. Violations of patents and trademarks are punished with penalties, and referred to civil laws consequences with expensive fines if the accuser loses the case of patent violation. The U.S. Department of Commerce lately launched a nationwide program to help small and medium sites companies with the objective to growth its exports and sales overseas. This is one of many services that the Department of Commerce provides for help businesses, and at the same time to succeed profitability and continuity. Troubled Asset Relief Program “TARP” Regardless of its clear pro-business support to organizations, fight in contradiction of the companies, the motivation programs and government bailouts still critiqued by certain elements of the commercial world.
While theft and low income consumers bring the possibility of providing only moderate revenue gains, if not a loss, operating in impoverished areas can also be a source of growing potential for the business. Many companies advertise philanthropic missions, such as donating to charities every year or helping to provide for the families of their employees. While these are messages that consumers hear, a more powerful message can be the one that the consumers themselves see. Rather than closing down those stores, Company Q should focus on the reasons for the high crime, and offer ways to reduce that crime rate. Offering work programs that help prepare young people for management or skilled positions is a good way to take crime off of the streets while showing to the community that the business cares about the welfare of the population.
These companies violate human rights by employing people in improper working environment and providing them with low wages (Chartier 2006). Usually, sweatshops are the factories where working conditions are extremely poor and dangerous. The workers have remarkably few rights and receive a very small wage or salary for long hours of hard work. These organizations often break human rights by providing limited benefits for workers. Sweatshops are attracted by the people of rural and poor areas, immigrants and the people of rapidly growing cities
She believes that instead of the native population benefiting from the opportunities presented in factory jobs, the corporations do no more than to promote subjection and even brutality toward the female populace in an effort to make them presentably docile and work hungry for the world market. While both essays make valid arguments both in favour and against globalization, it seems evident that Ehrenreich's case is more compelling and effective in convincing the reader that the negative aspects outweigh the little good achieved. In "The Noble Feat of Nike", Johan Norberg makes his case by talking about the work conditions of the Nike sweatshops and the average worker's opinion on such. He does well in explaining the point of view of these citizens of developing countries when he speaks to a woman about what life was like before the factories came and the way some of their fellow Vietnamese are still forced to work. "...
Case: Charles Schwab Corporation Question: What are the key strategic and technological factors that have made Charles Schwab so successful and how are they inter-related to Schwab’s competitive position? The key strategic factors that have made Charles Schwab so successful are as follows: • Pioneered the concept of a discount brokerage firm. • Empowered the individual investor by offering unbiased products and services • Their brokers are paid salary plus bonus, thereby eliminating the issue plaguing traditional full-service firms of having a conflict of interest because their brokers are paid commissions on trades. • Providing accessible local branch offices for those customers who prefer personal interaction. • Live telephone customer representatives available 24 hours a day, 7 days a week.
Global Capitalism’s Positive Contribution In the essay “The Noble Feat of Nike” by Johan Norberg, the author discusses how multinationals in Third World countries are actually improving local people’s quality of life and their prospects for a better life, even though the anti-globalization movement suggests that these multinationals are merely exploiting the poor when they set up their factories in Third World countries. The author cites Nike as a perfect example of a multinational with factories in Vietnam that is often demonized, but has actually brought with them new machinery, the latest technology, new and better management skills, improved labor practices, better wages and a much improved workplace. Norberg describes how Nike has been training their workers, improving their skills, increasing their productivity and consequently making them into more productive and valuable employees with brighter futures. Contrary to what the anti-capitalists suggest, the author paints Nike as a success story in Vietnam, not only because they brought with them new machinery and technology, but also because they have changed worker’s pride in their work and satisfaction with their jobs. In the article, a Vietnamese woman was asked what is most important thing for her about working at the Nike factory, and she responded that besides her wages she is glad that she no longer has to work on a rice farm anymore.