Ethical Issues Of Business Nike Essay - 2064 Words

Ethical Issues in Business: Nike Nike was founded by Philip Knight and has become one of the most successful businesses of the 21st century. Philip Knight was the 6th richest man in 1997 and the company is still going strong (Nike Chronology, 2016). This is because Nike has been able to surmount a giant ethical crisis by demonstrating transparency when it comes to where their products are manufactured. When it was discovered that child labor and sweatshops were being taken advantage of by Nike, there was a large public backlash, but they were able to take steps to repair their reputation and change their practices. Even still, there has not been a complete resolution to their ethical crisis, and their products are still recognized as potentially being produced by sweatshops or child labor. There have been recent laws enacted to help prevent the importation of goods created by child labor. Nike has begrudgingly become the face of corporations that use child labor when manufacturing their goods, and their actions hav e changed how many companies face the same ethical crisis. Nike started as Blue Ribbon Sports in 1964. It was co-founded by Philip Knight and Bill Bowerman. They started importing athletic shoes from Japan in order to have competitive prices in the market (DeTienne Lewis, 2005). Eventually Japan did not meet the demands of Nike, so they outsourced to cheaper suppliers in Thailand, Korea, China, Indonesia, and Vietnam (DeTienne Lewis, 2005). The company grewShow MoreRelatedEthical Issues Within The Workplace1375 Words   |  6 Pagesresponsible organizations like Nike consider the effect of their activities upon all stakeholders. What is asked that the business is ethically and socially accountable and when the stakeholder assembly converts disgruntled, the character of the business gets smudged as the argument of sweatshops smeared the character of Nike. The circumstance that is being discussed is the concern of Nike doing the right thing; to be ethically answerable. Ethics can be demarcated as the code of moralRead MoreEssay o n Sweatchop in Indonesia600 Words   |  3 Pagestheir ethical conduct to produce goods or services. Alongside with the technological advances that create easy accessibility for information and the openness in media coverage, consumer’s awareness also increases regarding business’s ethical issue. This then make some type of business, especially International Business; have to be careful in their business’s conduct because each country has different standards and different rules also regulations concerning business ethics. There are 3 ethical factorsRead MoreEssay Nike- Ethical Issues1454 Words   |  6 PagesEthical Case Analysis: Nike Introduction Nike was established in 1972 by Bill Bowerman and Phil Knight. These two men were visionaries. The goal for Nike was to carry on Bowerman’s legacy of innovative thinking by helping every athlete reach their goal or by creating lucrative business opportunities that would set the company apart from any competition. This included providing quality work environments for all who wereRead MoreEthical Implications of Expanding Business Abroad: Nike Case Study1241 Words   |  5 Pages1. The leadership at Nike initially failed to consider the ethical implication of extending their business abroad and primarily focused on the profits generated by the enterprise. If the company were to concentrate of the idea of integrity when deciding to build factories abroad it would have certainly experienced better results when considering its general image. Such an act would have most certainly prevented complication from arising and would have emphasized that Nike is generally concerned withRea d More Challenges of a Global Business Essay1176 Words   |  5 PagesConducting global business is extremely complex and difficult. At times both countries involved may not be in agreement, but decide to conduct business anyway. For a company to conduct business in another country there is extensive research, negotiation, and compromise done before it can be finalized. Even though not all standards meet those of the United States, some companies continue to make business abroad. Some companies when investigated and found guilty of unethical behavior, blame their actionsRead MoreNike Case Study Essay856 Words   |  4 PagesNike Case Study 1.) List the various macro-environmental factors that influence Nike’s strategy. Which seem most pertinent? The macro-environmental factors that influence Nike’s strategy include culture, demographics, social issues, technological advances, economic situation, and political and regulatory environment.    Culture is the shared meanings, beliefs, morals, values and customs of a group of people. In America, Nike has become an industry leader that influences our culturalRead MoreNike: Cross-Cultural Perspective889 Words   |  4 PagesCross-cultural perspective Nike Nike is among organizations that are known globally. The headquarters of Nike are in Beaverton, Oregon and it has expanded to other countries in order for them to reach the markets which are untapped so that they can increase their profit margins. For a very long time now the organization has been sourcing its labor from other countries. This is because just as other corporations Nike is escaping the strict regulations which the United States gives them. They easilyRead MoreEssay on How to Evaluate Companies?1061 Words   |  5 Pagesas good or ethical based on different factors that may differ based on the purpose and criterion used by the evaluators or evaluating body. Perhaps the factors that must be taken into consideration when evaluating a firm are the following : business ethics, corporate social responsibility, reputation on leadership, governance and the company’s culture (Ethisphere, 2013). These factors in fact are the indicators used by the movement Ethisphere wh ich identifies The World’s Most Ethical (WME) CompaniesRead MoreEthical and Social Responsibility Issues at Nike1612 Words   |  6 PagesIntroduction Globalization has a profound impact on the ethical and social responsibilities of large organizations. This is primarily true for large organizations with dominant market positions within their respective industries. These companies, due in part to their size and scale, are often garnering a substantial portion of their revenue from countries outside the United States. Growth rates in many emerging countries such as Brazil, Russian, India, and China create large opportunities for theseRead MoreNike: The Sweatshop Debate Essay1195 Words   |  5 Pagesdescribes the legal, cultural, and ethical challenges that confronted the global business presented in the Nike sweatshop debate case study. The paper determines the various roles that the Vietnamese government played in this global business operation. This paper summarizes the strategic and operational challenges facing global managers illustrated in the Nike sweatshop case. Nike: The Sweatshop Debate Case Study This paper describes the legal, cultural, and ethical challenges that confronted