1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dsp73
3 years ago
9

Assume that you are a high-level manager for a shoe manufacturer. You know that your firm could increase its profit margin by pr

oducing shoes in Indonesia, where you could hire women for $100 a month to assemble them. You also know that human rights advocates recently accused a competing shoe manufacturer of engaging in exploitative labor practices because the manufacturer sold shoes made by Indonesian women for similarly low wages. You personally do not believe that paying $100 a month to Indonesian women is unethical because you know that in their country, $100 a month is a better-than-average wage rate.
Write 1-2 paragraphs explaining whether you would have the shoes manufactured in Indonesia and make higher profits for the company or avoid the risk of negative publicity and its potential adverse consequences for the firm's reputation. Are there other alternatives? Consider the impact of the route you choose and short-term vs. long-term profits, as well as the ethical decision making criteria.
Business
1 answer:
Vesnalui [34]3 years ago
6 0

Answer:

The issue here is that you need to balance your company's profits and possible negative due to bad press.

On one side (the good and righteous side), if you do not produce shoes in Asia, your long term survival economic is doubtful, but people view your company as a company that does the right thing no matter what. Will it increase sales? Theoretically it should, but in practice it doesn't. Are Nike sales hurt because each shoe is produced in an Asian country that pays $0.25 per day? No, they aren't. The same applies to Reebok, Adidas, Puma, New Balance and every single major shoe manufacturer in the world. Bad press hurt tuna back in the 80's, but some companies are not affected by it.

The alternative (the evil, dark side of the force side) results in your company being able to survive on the long term. It will not necessarily mean that your company will grow and become the world's largest shoe manufacturer, but you will be able to survive and continue to operate.

There is also a trick that you can use to avoid reputational damage and bad press, and that is to establish a foreign subsidiary in Indonesia using a different name. Then your foreign subsidiary sells you the manufactured goods, and the blame fall son the subsidiary. Believe it or not, that simple solution is used by most corporations including clothing manufacturers, electronics, toys, etc.

If you analyze this from an ethical point of view, the alternative is much simpler. Producing in Indonesia (or India, or Burma, or Pakistan, or Vietnam, etc.) and paying a $100 salary will allow a family to live a very decent life and probably even prosper. They will have a much better lifestyle than the rest of their neighborhood. Each Indonesian worker represents one less poor family in Indonesia. On the other hand, American families will probably get hurt, but it is also much easier for an American worker to get another job that pays a normal wage (in US standards) and allows them to live well.

You might be interested in
A publicly owned corporation is a company whose shares are held by the investing public, which may include other corporations as
Lubov Fominskaja [6]

Answer:

True

Explanation:

A publicly owned corporation is a company is a company owned by shareholders. This type of company's shares is freely traded on a stock exchange

Characteristics of A publicly owned corporation

  • Limited liability. the liability of owners are limited to the amount invested
  • Central management. The company is manged by board of directors and managers and not the shareholders
  • the company is a legal entity.
6 0
3 years ago
Sherry is trying to increase her daily exercise. She has downloaded an application on her phone that tracks how far and how long
leonid [27]

Based on this information and the components of self-regulation, Sherry is implementing <u>self-evaluation</u>.

<h3>What are self-regulation?</h3>

It is the ability to analyze the environment and the set of processes that we carry out in order to successfully manage ourselves whose components are self-observation, self-evaluation and self-reinforcement.

Self-evaluation component refers to the fact that the person determines some criteria that mark or guide the objectives that he wants to achieve, these criteria can contrast whether the change in behavior is the one he is looking for or not, according to his objectives.

Therefore, we can conclude that based on this information and the components of self-regulation, Sherry is implementing self-evaluation.

Learn more about self-evaluation here: brainly.com/question/26304121

3 0
2 years ago
A firm uses exponential smoothing method to forecast demand. In period 10, the forecast was 90 and the actual demand was 100. If
drek231 [11]

Answer:

c. 99

Explanation:

Calculation to determine the forecast for period 11

Using this formula

Forecast for period 11=Forecast *Smoothing constant*Period 11 Forecast

Let plug in the formula

Forecast for period 11=90*.10*11

Forecast for period 11=99

Therefore the forecast for period 11 is 99

8 0
3 years ago
Five diversity issues that affect Cambridge Food​
hammer [34]

Answer:

Race

Gender

Language

Inequality

Beliefs

Explanation:

Race: the business should not discriminate employees because of their race/skin color

Gender: equality between all genders in the workplace

Language: train and communicate with all employees with language applicable to all employees

Inequality: treat all employees equally and equal opportunities to all despite their backgrounds

Beliefs: avoid discriminating and disrespecting other people's beliefs

7 0
2 years ago
Driving a motor vehicle is __________
uysha [10]
A privilege         

Good Luck! <span />
7 0
3 years ago
Other questions:
  • Which of the following is a way developing nations are trying to raise living standards? A. Return to traditional ways of farmin
    11·2 answers
  • Ahmed promises to sell his boat to mendel, and mendel promises to buy it from ahmed. what type of contract is this?
    13·1 answer
  • Concord Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During
    9·1 answer
  • The units of an item available for sale during the year were as follows: Jan. 1 Inventory 30 units at $110 Mar. 10 Purchase 60 u
    14·1 answer
  • Consumer sovereignty means that legislation now protects the rights of consumers to dispose of their incomes as they see fit.
    10·1 answer
  • The following information pertains to Havana Corporation's defined benefit pension plan: ($ in 000s) 2018 2019 Beginning balance
    8·1 answer
  • Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive
    7·1 answer
  • Discuss the statement: ‘Silence is Golden’ in approximately a hundred 300 words, in
    11·1 answer
  • Barry's Hobbies produces and sells a luxury animal pillow for $80.00 per unit. In this month of operation, 3,000 units were prod
    9·1 answer
  • Using too many different shapes within a design can
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!