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Business Btec Level 3 Unit 37 P1 - the ethical and legal responsibilities of H & M.

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Introduction

Humzah Ahmad Unit 37- P1 Operational activities A company?s typical daily processes that generate income. Operating activities pertain to a company?s core business activities, such as manufacturing, distributing, marketing and selling a product or service. These activities should provide the majority of a company?s cash flow and will largely determine whether a company is profitable. With regards to H&M they offer merchandise such as garments, shoes as well as accessories in their daily actions this is known as their operational activities. Branding ethics Business ethics are implemented in order to ensure that a certain required level of trust exists between consumers and various forms of market participants with businesses. Thus meaning H&M must follow business ethnics when performing its activities. Corporate governance Business Corporation is all about who comes up with the verdicts of the business. Limited firms comprise of a board of directors who are accountable for overreaching strategic direction. Operation managers at various levels answer to the board. Hence H&M will have a board of directors who carry out vital judgments. They are answerable to board managers. Governance is vital to big companies such as H&M because how will H&M directors acknowledge what managers are doing. ...read more.

Middle

Consequently for instance H&M or any of their workers use unjust means to possess something they are corrupt they will get a bad name. Trading fairly Fair trade is where; business is carried on in an open manner. H&M is carried out in an open manner. Competition takes place on grounds that are equal for all parties. Therefore H&M will have to make sure their competitors are kind of equal for them to compete with. This means not exploiting poor countries. Consumers can feel secure that the goods and services they are buying are going to be of satisfactory quality. Therefore H&M will have to make sure their goods meet the criteria for trading fairly. Legal and regulatory compliance There are numerous regulations that H&M need to follow. These are so H&Ms customers, its workers and others in the wider environment are protected. Consumer laws When consumers purchase goods from businesses such as H&M they put their trust into the business. They expect the best from the product and business. An unethical business may give a false description of a product therefore there is a law for businesses to follow as it is illegal for them to give false descriptions of a product to its consumers. ...read more.

Conclusion

Uncertainty this did not occur there would be no need for regulations. As managers of H&M handle everything it may become too much pressure for them to achieve their objectives as a result they may use malpractice which means an occasion when someone does not follow accepted normal practice. Things can become very serious and wrong if H&M use malpractice to obtain their objectives. H&M could do malpractice through corruption or illegal activity. Working conditions Whenever individuals begin to work for H&M they are eligible to a set of minimum working conditions, which are not just about salaries. They include areas such as hours, holiday entailment, privacy, harassment, and discrimination. It is up to bosses to have a decent working area for workers. Trade unions can aid employers gain their rights from immoral bosses. H&M must ensure working conditions are suitable for workers and see if they also suit their employees. Individual ethical responsibilities Individual ethics define our basic values and standards of behaviour. Management is responsible for staff working in H&M. The HR purpose tries to hire the individuals who will perform the work correctly. It is H&M mangers accountable to ensure employees maintain ethical procedures of a business. Equally it is up to individuals to maintain their own ethical values at all times e.g. employees at H&M. ...read more.

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