Case # 26
do A. Listerud
Metropolitan State University
How is it important for companies such as Nike and Wal-Mart that blood exclusively from foreign suppliers located in countries where wages are low and substandard working conditions are common to name supplier codes of conduct and undertake programs to monitor and discover supplier compliance with these codes of conduct?
In nows decree it is very important for global companies take steps to gibe that the products they sell, especially those which are manufactured overseas, are done in accordance with human safes and local laws. Companies need to take this issuing seriously or risk major damage to their temper or brand. While these costs are often considered immeasurable, Nike invested $2,356.4 gazillion in brand building advertising in 2010 (Nike 2010 yearly Report) and this investment is put at considerable risk when a companys reputation is linked to human rights or local law violation. Additionally, fines, penalties and loss of preferred contracts are potence issues. Companies must take action to avoid the real and untellable effects of employing subpar labor practices. Both Nike and Wal-Mart have been targeted as having slight than ethical labor practices.
In addition to being the right thing to do, the intense scrutiny these companies are under results in Nike and Wal-Mart needing to institute suppler codes of conduct and take on programs to monitor these codes and ensure that their suppliers are compliant with the codes. A standard message that we get out good local jobs is no longer enough to engender their public image and benefit from brand building.
In todays business culture, most large companies based in the United States have high ethical principles. They ingrain these ethical motive into their corporate culture and use them to communicate and educate employees somewhat how the company is expected to operate. The question...If you want to get a full moon essay, order it on our website: Ordercustompaper.com
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