Ethical Issues in Business: An Analysis of ASOS and Stakeholder Impact

This report provides a comprehensive analysis of the ethical issues faced by ASOS, a fashion retail company. It examines the ethical dimensions of the company's practices, focusing on child labor within its supply chain and the associated legal, financial, operational, and reputational risks. The report explores ethical theories, including contemporary and traditional approaches, to evaluate the company's actions. It identifies key stakeholders affected by ASOS's decisions, employing a stakeholder mapping and salience model to understand their influence and needs. Furthermore, the report highlights the importance of ethical management, organizational values, and compliance methods. It concludes with recommendations for improving ASOS's ethical standards, such as enhancing supply chain monitoring, developing a more robust code of ethics, and fostering a culture of ethical behavior. This analysis aims to provide insights into responsible management and ethical decision-making in the context of a real-world business case.