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.
I do not consider him being the master mind of all the dishonest moves but he hired the people to do it for him. He was aware of everything that went on in almost every deal. Jeff Skilling the then Chief Operating Officer (COO) particularly contributed to the whole mess with a very creative idea. Looking for a way to profit at all cost, he came up with the idea of Mark to Market accounting. While the accounting was marked to market, it wasn’t being handle the traditional fashion way with trading prices dictating its value.
We thought that Product Innovation was the most important key success factor along with quality, and global strategy. We didn’t think that cost competitiveness was that important because Nike, Under Armour, and Adidas aren’t a best cost provider in fact they seem to be a differentiated provider. We believed that Under Armour was better than the other companies in product innovation because of all their advanced moisture-wicking fabric. Global strategy was also really important to us because that company has to focus on other countries besides the one that it is in. And with Under Armour struggling with their sales revenue in foreign countries we gave them a nine compared to Nike that we felt was a ten because a lot of their revenue comes from other countries.
The offenses are harmful to not only businesses in the United States of America but to the world of business as a whole and are unacceptable. If the law had been in place, many shareholders would have been safeguarded but numerous investors lost their lifetime savings by company insiders. The corporate world is a much more secure place with regards to investing with all of the changes and modifications which are now enforced. I still think there are other actions which can be taken to protect shareholders even though the modifications have significantly improved the procedure. Businesses must develop an ethical balance so as not to take advantage of unknowing shareholders who have invested their lifetime
Wal-Mart does not care about the American economy because they are thriving the way the economy is now, so American citizens have to stand up for their communities. According to the book, How Walmart is destroying America and what you can do about it, when you are a huge rich company and all you want to do is get huger and richer, it turns out a lot of smaller, poorer people have to get hurt in the process. Wal-Mart with all its size and power, could hurt people or help them in a lot of situations. Which do you think it normally chooses to do (Bill Quinn 102)? The answer for so many years has obviously been hurt people.
Our country is currently experiencing a massive debt, and I do not think it is appropriate solely looking at the issue in a factual manner that we allow illegal immigrants into our society or work place. Another major response to this issue is that these illegal immigrants are doing extremely beneficial work in the United States that many others will not do, and if we prohibit them from doing so than much of that work may not get done. However, just because these illegal immigrants are willing to do this hard work for next to nothing in potentially dangerous working conditions does not make it okay for us to allow them to do it. Not only do possibly dangerous and unsafe working conditions impose harm
The researcher made several ethical violations due to his lack of ethical consideration. It is unfair to the assistants that the researcher took the majority of the credit for information he had help in discovering. Despite the profession, it is unethical for someone to treat another person with such a lack of empathy. As a result of his unethical behavior, the researcher should be reprimanded by his superiors. References American Psychological Association.
If I were a human resource manager, I would be ashamed and I would feel like I didn't do my job, and that I just ignored a safety issue that was serious. The lawsuit costed the company a lot money and I would be afraid that I would lose my job over the lawsuit. The courts verdict would affect me greatly and I would be ashamed to go back to work. Their was no explanation as to why the safety complaints were never investigated
Also, when America itself has problems, we should be more focused on correcting our own country rather than helping others. Not many people realize the fact that the U.S. really isn’t doing as well as we should be. Putting money into operations such as “Operation Iraqi Freedom” because of the fact that we lost an incredible amount of money on something pretty pointless. Iraq is still terrible and will continue to be terrible. Spending money on improving other countries isn’t always going to have a positive impact.
Being the world’s largest contract manufacturer of computers and electronics (The China Post, 2010) – serving huge companies such as Apple, Dell, Sony and more, Foxconn may not be able to serve its clients if it is unable to maintain its aggressive cost-management policies. However, Guo and the management of Hon Hai Precision have a moral obligation to address these issues and criticisms. The ethical dilemma (and decision) Guo faces is whether he should place the group’s interest of being the top supplier to most of the world’s electronic brands by keeping wages low, ahead of the well-being of the factory workers. KEY STAKEHOLDERS AND JUSTIFICATIONS The factory workers are one group of key stakeholders which Guo should consider in the decision making process. The well-being and morale of the workers are clearly affected due to the low wages and work environment.