Understanding business ethics

Topics: Trade union, Ethics, Business ethics Pages: 5 (1690 words) Published: October 31, 2013

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. They have saving cost strategies to allow them to sell their clothing at a low price. Primark aim their products at people that are money conscious and looking for cheap clothing at a descent quality. From what I gathered Primark, doesn’t not make advertising their main priority, but have always stayed true when advertising their product. This will involve their prices and the quality of their goods. The goods that Primark sells to their customer, I would class as appropriate as the majority of their clothing are based on the younger generation. On the other hand there are things that I would consider inappropriate for young children such as shirts with upside down crosses on them, leggings and sweatshirts with skulls but also bikini for children. This sort of clothing could really have a negative impact on families because of religious reasons. Employ staff - Primark has a code of conducts that are followed by factories and suppliers to ensure that their clothes are made in a good working conditions. This includes: Employment is freely chosen

Freedom of association and the right to collective bargaining are respected Working conditions are safe and hygienic
Child labour shall not be used
Living wages are paid
Working hours are not excessive
No discrimination is practised
Regular employment is provided
No harsh or inhumane treatment is allowed
These are the code of conduct that is followed within Primark’s factory to help their employees to work in a fair and good working condition. Primark has become more ethical over the years to ensure that their employees can work in good conditions. There is no discrimination encouraged by Primark as they have believe that their employees are very important to the company. If their code of conduct is not followed by suppliers and worker, their contract will be terminated by Primark. This is because they trying to become more ethical and sustainable. To make sure that their code of conduct is followed; their ethical trading team carries out an audit to ensure that their factories are functioning efficiently. In the year 2007-2008 Primark was exposed for using child labour. There were children used to produce fast fashion clothing at very low prices for Primark. They worked in very poor conditions, earning no more than 7p an hour for very excessive hours. The money they earned was used for clean water, shelter, clothes, education, health care and transport. This is very unethical...
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