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

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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.

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