• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Business Btec Level 3 Unit 37 P2 - ehtics and stakeholders at H&M

Extracts from this document...

Introduction

Humzah Ahmad Unit 37- P2 Implications Responding to ethical pressures The CSR of firms is a response to the increasing burdens given to managements to take account of ethical issues. Thus H&M managers have the pressure of ethical pressure as they have to make sure they are doing their trading ethically. The advantages for H&M when responding ethically is that they are trading in the right way and are abiding by the laws and regulations. The disadvantages for H&M responding ethically is that it will be challenging for the business to be on top of ethics. Implementing ethical practices Many familiar names have initiated to implement an ethical position on concerns that affect us all. For example walkers are working with consumer change in their mind as they have made changes to their goods. Consequently H&M must keep in mind their customer?s wellbeing when producing goods. The advantages for H&M is that they can produce goods in the knowledge that they are producing goods for customer?s requirements. ...read more.

Middle

H&Ms stakeholders are: Shareholders-H&Ms stakeholders are shareholders since they hold the value of H&M. if H&M are performing well their value will increase. Shareholders will benefit from this as the firm is thriving. The negatives of this are if H&M do not do thrive their value of their firm will decrease. Customers- customers are stakeholder?s since they use the service H&M offers. So H&M is meeting customer?s requirements and expectations. The advantages of this are if H&M deliver a excellent service customers will come back to them regular basis. The downsides of this are if H&M does not meet customer?s expectation they will not acquire any customers and make vast losses. Employees- employees at H&M are H&Ms stakeholders since they work for the firm as they aid the firm to function properly. The advantages of this are that they assist H&M and in return they get a salary. The downsides of this are that if they do not contribute towards the firm the firm will not be able to function successfully. ...read more.

Conclusion

Employment legislation is a representation of EU influence in working conditions. An EU directive tells a member state that it must implement law in a particular area. The 1993 directive lays down provision for maximum 48 hour working week including overtime, plus rest periods and breaks and a maximum of four weeks paid leave for employees. The UK government accepted the following conditions from the working time directive: * The worker can agree to do more than 48 hours * No worker should be disadvantaged by deciding not to opt out * The employer must keep record of all employees who carry out this work * Records must be kept available for authorities. H&M are under the EU legislation so they must agree to the many conditions which are put forward to them. H&M must offer priorities to their staff like they can work up to 48 hour if they would want to do so although H&M can't drive staff to do this. In the event that staff at H&M volunteer to work extra hours it is H&M job to record this since they will need to display these details to higher authorities. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Structures, Objectives & External Influences section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Structures, Objectives & External Influences essays

  1. McDonalds ethical issues

    McDonalds are always opposed to trade unions and may not want its employees to join any as they think they are treating their employees right. McDonalds is said to be discriminating among its employees on basis of their age. Most people aged over 40 are discriminated against as it is

  2. The Business Environment Coursework. Describe the type of business, purpose and ownership of ...

    One of the cuts they have made is the �250 child trust fund that every baby born in the UK receives for when they turn 18. They have saved money here to be able to make sure much needed services like the NHS are able to receive the money they need.

  1. External influences on business. At ASDA we have to follow the following employment legislations ...

    The result of this could be loss of customers and a loss of sales because of the extra expenses. Although, on the other hand during a war a lot of land is destroyed we may be awarded the job of reconstruction.

  2. Explain the implications for the business and stakeholders of a business operating ethically.

    Therefore H&M managers have the pressure of ethical pressure as they have to make sure they are doing business ethically and also on the right path. The benefits for H&M when responding ethically are that they are doing business in the correct manner and are following laws and regulations.

  1. Investigating Business. Tesco PLC. I will be describing the aims and objectives of ...

    Price is the amount of money that is charged by a business for its products and services. There are three factors that determine the price of a product ? they can be summarised in three C?s and they are cost, completion and customer value.

  2. Business Btec Level 3 Unit 37 P1 - the ethical and legal responsibilities of ...

    Human rights Business ethics reflect activities occupied on behalf of institutes such as H&M. Business ethics as the business if its activities stand moral or immoral for us people. Numerous queries that come forward in business ethics affect every one of us such as the environmental ones.

  1. Comparison of stakeholders interest and influence. Apple vs. Mercedes Benz

    Realistic: Mercedes Benz set realistic goals to see things truthfully and compare and analyse the facts and figures against today?s economy. They must set their functional areas realistic targets to manage day-to-day sales. This means everyone has a better understanding of the goals of the company and can therefore work towards them in a more ?achievable? and ?can-do? attitude.

  2. Explain the ethical issues H & M needs to consider in its operational ...

    H&M?s minimum requirement is that employers shall pay at least the statutory minimum wage, the prevailing industry wage or the wage negotiated in a collective agreement, whichever is higher. All other types of legally mandated benefits and compensations shall be paid.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work