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

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Humzah Ahmad Unit 37- P2


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. The disadvantages for H&M is that they have to keep in mind what customers will think of their goods and will it benefit them.

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Influence of stakeholders and pressure groups

CSR is a response to external stakeholder’s pressure. It is also a response to pressure group campaigns and acknowledgement that public disapproval can forward to marketing catastrophe.  

Firms In search of their primary targets cause harm to the planet.  Environmental issues are on the attention in pressure groups which are a voluntary organisations that exists to create that will be listened to by decision makers universally. This consist of business leaders and politicians.

Hence H&M will have conduct pressure groups to keep on top of environmental issues and ...

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