responsibility (CSR) is a form of corporate self-regulation that is integrated into a business model. The CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures it is actively in compliance with the spirit of the law, ethical standards and national or international norms. With some CSR models, a firm's implementation of CSR goes beyond compliance and engages in actions that appear to further some social good, beyond the interests of the firm and that which is required
According to ‘A decent Factory’ documentary film, the issue arise when the factory workers interviewed by the Ethics and Environmental Specialist. The workers complain that they are not signed to contract and under-paid a little compared to what’s required by Chinese law. This is totally against the law. In this case, the factory owners simply eat the workers money which is not an ethical behaviour. In this case, the factory workers may find it difficult to manage their expenses with low wages
learn about McGregor’s Theory X and Theory Y, Total Quality Management (TQM), e-business, human capital, social capital, effective manager’s skills, contingency approach, 21st century managers, Carroll’s global corporate social responsibility pyramid, ethics, and general moral principles for managers. In chapter 2, we understand more about four layers of diversity, the difference between affirmative action and managing diversity, Alice Eagly and Linda Carli’s labyrinth, change in U.S. population by race
These are individual standards and values, co-workers’ influence and managers, opportunity: which include compliance requirements and codes that equal out to become the governing standards of unethical/ethical choices in that business. The ethical decisions in a business has to take on the characteristics based on individual moral standards, the abilities of managers dealing with co-workers chance to moving up in any company. The outlook of the employees, at the qualities
very precise and well-managed distribution system. POWER OF SUBSTITUTES: HIGH • Prices and quality of all products are very competitive. Walmart prides in delivering the best quality in for that price range. • Performance of substitute products are similar • Consumer switching costs are low COMPETITIVE RIVALRY: HIGH • Walmart has the highest revenue globally. (Walmart, 2014) • Competitors have similar sizes. • Industry growth is slow. • Exit barriers are high; it will cost companies a lot to exit. •