Business Ethics and Responsible Management : ASOS company
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Added on 2021-02-18
Business Ethics and Responsible Management : ASOS company
Added on 2021-02-18
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Business Ethics andResponsible Management
Table of ContentsINTRODUCTION...........................................................................................................................1Ethical dimensions of the issues from case......................................................................................1PART 2 ...........................................................................................................................................6Ethical manager manages and other to a high ethical standard...................................................6Personal Ethics ...........................................................................................................................7Unethical Organisation and Practices about organisation value and methods of compliance . .7CONCLUSION ...............................................................................................................................8REFERENCES ...............................................................................................................................9
INTRODUCTIONEthics are the standard which guide the individual that what is right and what is wrong and alsowhat ought to follow in the business in the fair, transparent, and which give benefit to thesociety. Ethics consist of the fundamental issue of practice in decision making and also itconcerns of basic human value and standard by which it is judge. And also business must behavein the ethical way. In these report it will focus on the ASOS which is fashion retail company andit focuses on the ethical dimension of the issues from the case and also cover ethical theoriessuch as Contemporary ethical theory and on the other hand traditional ethical theory and outlinethe key stakeholder which are affected by the company. Further it will highlight how ethicalmanager manages and other to a high standard and also it will cover all the unethicalorganisation and practices about the organisation values. Ethical dimensions of the issues from caseThe main and important rational for business that fight against the child labour with the scope ofCSR from that ASOS company which has the child labour supplying chain if facing so manyissues.For the ethics it can explain and divide between the descriptive and normative. For thecontemporary business settings it is important to have the ethical theory. The normative theory isquite necessary to the regard of the ethics because when it comes to the debating the issues ofethics which comes in business and also serves a key to the handling the cases of decisionmaking. It is very strong factors of ethics when it comes for business and it can also determinethe factors where customers can choose between ASOS and any of other brand. There are someissues which are as follows:-Legal risk:- the biggest failure from the legislation of the national which is strictly prohibits forthe child labour. It actually means that business has criminal sanctions or the penalties offinancial cost. From the down and chain of supply to lead the legal responsibilities which wouldresult in the directly violation of the human rights.Financial risk:- From the side of the legal risk, ASOS is confronted to the financial risk. Theethical responsibility of the ASOS is transferred explicitly to its stakeholders which mainly to itsstakeholders. From that it shows that organisation gain bad image in the market for the existenceof supplying the chain of child labour and most probably it loses a significance part of the1
investors and it would impede potential investment. It also takes huge lose of market share andthe competitiveness for the given organisation (Xu , Loi and Ngo , 2016 :494).Operational risk:- ASOS exploiting of the child labour which also exposed to the risk of theoperations. From identifying the child labour it could result in the consumers boycott, supplierscontract etc. organisation also might be huge expenses to seek the new suppliers and goodmonitoring the supply chain etc.Reputational risk:- From the number of association, NGOs, trade unions and also it createseradicate the child labour should not save the efforts which is known to the large public whichinclude the all the stakeholders for irresponsible practices of a given company. For instance, nonprofit companies called as responsible sourcing networks and also archived for making thecampaign against the large cotton retailers which bought the cotton without knowing there childlabour for the chain of supply. It includes research into examples of ethical good choices and bad choices have negativeimpact.Salesforce.com:- It has been great philanthropy and good practices. From the donation of thecompany it gives millions of dollar for the educations and technology and it also gives discountfor its services for the non profit organisations. Salesforce.com also motivate its employees forgetting into actions by providing them 6 days offer per year for the charitable works it chooses. Starbucks:- For the business practices and crushing the competition of the market the mainthing which had been done by the company is it quickly fix the environmental problems andalways conscious about for offering the discount for those people who bring reusable cups fortheir own and it provides free coffee on the ground to the customers who wants to compost.Ultimate software:- another organisation which enjoys the status for its treatment to its ownemployees. It offers the free medical benefits and health care to its employees which alsoincludes the complete coverage for all their workers and employees (Salloch and et.al, 2015).Stakeholder mappingASOS has different types of stakeholders for both the external and internal organisation and itonly highlights the main stakeholder which are involved and those stakeholders which affect theusing of underage immigrant individual and illegal things of ASOS. It also includes so manylevels of the responsibilities which argue the organisation for sustaining the primary2
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