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

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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. Thus the government will step in. hence corporate governance is the employees and measures for taking important decisions within H&M.

Corporate Social Responsibility (CSR)

This is the policy regarding H&M for all the stakeholders that takes their interest into account.  CSR also refers to the extent that H&M considers what it does in relation to the wider world. The government encourages CSR.

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Sustainability

The planet is not capable to withstand ever growing industries.  Thus it will be challenging for H&M to surge its operational activities which will harm the planet hey may be a specific point where they can take up for their operational activities.

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 ...

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