Multinational Corporations that maintain high levels of financial transparency and ethical standards realize higher profits in the long run than those that do not. Gap Incorporated adheres to high ethical standards and has enjoyed both financial success and growth globally throughout the last ten years. The company publicly reports numerous financial statements including its annual report, investor advice and guidance, and reports on individual department success. Gap funds over forty non-for
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Running head: Nike: A SWEATSHOP DEBATE Nike: A Sweatshop Debate University of Phoenix MGT/448 Instructor J. Ryan April 17, 2012 Nike: A sweatshop debate. Nike, a multi-billion dollar corporation, is the world’s primary supplier of athletic shoes and attire. Over the past several years, Nike has been involved in much controversy over its possible sweatshops. The following will address the legal, cultural, ethical, strategic and operational challenges Nike faces because of this controversy
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rights than the distancing of Nike from the suppliers, Nike's Corporate Responsibility teams realized that paying the role of a corporate citizen not responsible for their supply chains was only going to make matters worse over time (DeTienne, Lewis, 359). Instead of incrementally creating programs that sought to bridge the gap in both critics and the publics' trust that Nike was indeed concerned about unethical and immoral practices in their supply chain, Nike should have immediately moved to
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using a strong ethical basis for their decision making, they will probably make sound decisions and will not have many problems with their character being questioned. However, all too often, companies make decisions based on financial gain instead of humanities. As a company moves into other areas of the globe and creates a multinational presence, the number of people affected by its policies and regulations grows along with it. If the company is being operated with questionable ethical principles
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Nike, Inc. Nike History Nike is the leading supplier of athletic footwear and apparel and manufacturer in the world. Founded in 1962 by University of Oregen track athlete Philip Knight and his coach Bill Bowerman. Nike was first known as Blue Ribbon Sports and started out as a distributor for Japanese shoe maker Onitsuka Tiger, now known as ASICS. In 1971 the “Swoosh” was designed for $35.00 by Carolyn Davidson and the first shoe sold doning the swoosh and the name Nike was a soccer shoe. In
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Will Nike “Just Do It”? Name: Huzefa Poonawala Class: GM 675MC Instructor: Eric Baker Date: December 12, 2012 As one of the leading brands in athletic wear, it would seem that Nike would be in the frontlines promoting human rights in the factories where their products are made. There have been many reports of workers in Nike factories facing poverty, harassment, dismissal and violent intimidation (Wazir, 2001). The motto of “Just Do It” does not seem applicable to the company itself. Despite
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. Course Concepts Identified Though Global Communications and the situations involved present multiple problems one sees the potential for possible solutions. The course concepts in the following synopses include communication issues, ethical dilemmas such as integrity, social responsibility and the quality of life. All of the above listed items will show a need for improvement in the globally communicative world that one lives in. As new creations, such as the internet are
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Diaz Professor Sailer Ethical Leadership Assignment In today’s society people are becoming more accepting and welcoming. As a young business women going into the field of Marketing and Advertising, I have noticed that business leaders are being faced with much ethical dilemmas. For example, Nike and their decision to drop their endorsement deal with Manny Pacquiao. Mr. Pacquiao publicly announced his position against gay activity and compared homosexuals to animals, Nike came to the conclusion
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Application Report 1 “Nike Faces New Worker Abuse Claims in Indonesia” The article, “Nike Faces New Worker Abuse in Indonesia” by Stephen Wright, explores the terrible sweatshop conditions and unfair treatment of employees in Nike’s Indonesia factory. In 2003, Nike bought Converse for $309 million and Nike started to make Converse products in two-thirds of their factories. In 2007, one of the Nike factories in Indonesia started to produce Converse products. Ever since the merger, factory workers
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Governance: Corporate Social Responsibility Contents Introduction 2 Definition of Ethics 2 Definition of Corporate Social Responsibility (CSR) 2 History of Ethics 2 Socrates 2 Plato 2 Aristotle 2 Cynics 2 Cyrenaics 2 Business Ethics 2 Nike 2 McDonalds 2 Enron 2 Wal-Mart 2 Why Business Ethics is Necessary 2 Conclusion 2 Bibliography 2 Introduction This assignment is a brief over view of ethics in the modern day era. It begins with a definition of ethics, followed by a concise
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