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

Understanding business ethics at Primark

Extracts from this document...

Introduction

Crushendae Campbell Understanding business ethics Definition: Primark CSR policy * employees have equal opportunities based on merit: * suppliers are treated fairly * local communities are respected and supported by Primark * the company takes its environmental responsibilities seriously CSR - CSR is a process with the aim to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders. Wikipedia Corporate governance - corporate governance involves regulatory and market mechanisms, and the roles and relationships between a company?s management, its board, its shareholders and other stakeholders, and the goals for which the corporation is governed. Sustainability - sustainability is the long-term maintenance of responsibility which has environmental, economic, and social dimensions, and encompasses the concept of stewardship, the responsible management of resource use. www.greenbridgepartnership.net Corruption - In philosophical, theological, or moral discussions, corruption is spiritual or moral impurity or deviation from an idea. Wikipedia The process that Primark go through to complete its operation is: Advertising and selling ? Primark has no advertising cost. They don?t waste any money on advertising as they depend on word-of-mouth of their customers. Primark also sells their products in bulk, so that they are able to sell their products at a low price to their customers. ...read more.

Middle

A couple years ago Primark used to sell sandblast denim, to their customer, but after becoming exposed, they have become more ethical over the years. They have stopped selling sandblast jeans as it risks their workers? health. Primark are now looking for alternative techniques that are safe and viable. Raw material ? Primark products are mainly sourced in China, India, Turkey and Bangladesh. Primark import their cotton from Himalayas Mountains Nepal. There is no evidence that Primark has any contribution to deforesting. Manufacturing - Primark are committed to reducing carbon dioxide emissions from our stores. They have been working with the Carbon Trust to develop their Carbon Policy which is displayed in all their stores. In the year 2008 Primark Carbon footprint was measured 27,000 tonnes. Primark has created a long-term programme to create sustainable improvements in labour standards with their suppliers in China, India and Bangladesh. They are working with global and local partners to help increase the wages as well as the improving production management system. Primark has estimated that within a year, as part of their recycling strategy they will save 238,000 trees. They also plan to reduce road use by 160,525 miles, saved 27,869 gallons of fuel and cut 21,576 lorry trips to our stores. ...read more.

Conclusion

* Trade unions Primark has used many different methods to engage with their trade union groups. They have set off by listening to the different opinions of their worker and try to find solutions to overcome the problems. By performing ethically it will have a positive impact on their trade unions as they will be listened to and treated fairly. As Primark is a part of the ETI and international labour organisation they are encouraged to improve labour practises. As a stakeholder of Primark the trade union would want a fair understanding within decision-marking about wages, pay rise but also right to fair working hours and holidays. These are problems that the trade union would like Primark to have a helping hand with. * Suppliers While Primark is performing more ethical, it might be as benefit to their suppliers if they don?t have the same values and ethics as Primark. This could mean they night lose Primark as a customers. On the other had Primark has a code of conducts which all of their supplier and factories must follow as a part of their way of becoming more ethical. If their code of conduct is not followed the Primark, will break of the contract and again lose Primark as a customers. Supplier would like a long-term contract with Primark with fair terms and conditions especially if they are dealing with supplier that has ethical morals. ...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 Case Studies and Analysis 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 Case Studies and Analysis essays

  1. Marked by a teacher

    Primark. The company I have chosen to look at is Primark, in this ...

    4 star(s)

    On average each item in store is around �3-4, which compared to other retail stores is exceptionally good value for money. Primark has expanded into many departments including, ladies, men's, children's lingerie, nightwear, footwear and home ware. This means it comprises a large threshold population, attracting a high volume of customers.

  2. Unit 9: Marketing Strategy

    One other factor which may affect my business is the fact that Sutton-on-Sea is a seaside town which is far busier in the summer than in the winter. Despite my target market being pensioners who reside permanently in Sutton-on-Sea,

  1. Understanding business ethics- BP and the Gulf of Mexico oil spill

    The customer gets value for money. Local communities receive benefits from investment, from jobs and from the company's involvement in local activities such as money raising schemes. Suppliers benefit through winning business and learning new skills. And employees benefit through training and experience as well as through wages and pensions.

  2. Social implications of business ethics. The main areas I will be highlighting are ...

    In this case IBM was hit with a large fine for their wrongdoings, they paid the fine and took the consequences as they wanted to prevent the media getting hold of the information. Executive pay is something that has been at the front of all the top newspapers in the past twelve months.

  1. The international business environment of Apple Inc

    help international trading 5. ensure financial stability 6. encourage high levels of employment and work 7. lower poverty in the world International businesses are supported with loans and for the purposes of economical improvements. A world bank came into existence in 1940 to assist a country on the economic state.

  2. Nestle stakeholders and business environment

    Responsibilities of Nestlé and the strategy to accomplish 2.2.1. Shareholders Responsibilities towards shareholders Any company is established to create profits for its shareholders or owner. This is also its responsibilities to maximize wealth for its shareholders. In case of Nestlé, it is also responsible to create profits for its shareholders.

  1. Business Ethics and BP

    This will also make people think that they are more ethical then other business, especially close competitors, who may make customers shop with them instead of other businesses. By having a better reputation, they will not only make the business as a whole look better, but also the people behind it.

  2. Business Ethics at KFC.

    The company depicts this attitude in some of its restaurant outlets such as the ones here in the UK and also in Canada. The company has exceeded minimum wage by close to eight pounds per hour. Also, in the Canadian outlets, the company pays most of workers a favourable amount and has even allowed for unionisation of employees.

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