Nike's Business Ethics. Nikes Corporate Governance would make the decision about the aims and objectives that Nike has set out. However when deciding these aims and objectives they must take into account the interests of all the stakeholders in the org

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Nathan Cross 152960

P1- Business Ethics

Nike is one of the largest sports organisations in the world. Nike sell sportswear and equipment all over the world. As they are in the private sector the main objective would be to make a profit. However with all organisations this would be surrounded with other aims and objectives that their organisation may have set in place at the beginning of their campaign. For example Nike has an aim to be the largest sporting organisation for the foreseeable future, which they are currently achieving. Other aims and objectives that Nike may set out would be to improve the working conditions of the factories in the Less Economically Developed Countries (LEDC’s).

Nike’s Corporate Governance would make the decision about the aims and objectives that Nike has set out. However when deciding these aims and objectives they must take into account the interests of all the stakeholders in the organisation. A stakeholder is anyone who has an interest in the business; this may be customers, shareholders, employees, local communities, suppliers and banks. All of these different sets of people with have an interest, and it is the corporate governance job to ensure that the aims and objectives do not conflict with these interests.

On the official Nike website their mission statement was “Our goal is to carry on his legacy of innovative thinking, whether to develop products that help athletes of every level of ability reach their potential, or to create business opportunities that set Nike apart from the competition and provide value for our shareholders.”

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 However in recent years they have been surrounded by reports of sweatshops and child labour in their manufacturing plants in the LEDC’s.  This seems to indicate that Nike is not worried about the way in which they go about achieving these goals. Although Nike has said that these reports are biased and that this was simply a one off situation which they are currently dealing with. However since the first report was released more have followed going into detail about how Nike deal with their employees outside of the More Economically Developed Countries (MEDC’s).

Nike’s argument was that these ...

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