Assignment 2
PATRICK FORSON
What are the strengths, limitations and challenges of ethical, socially responsible business practice in relation to the supply chain?
This essay will examine contemporary standards of ethical and socially responsible business practice with regards to the globalsupply chain. Today there are challenges in defining and measuring corporate social responsibility (CSR) between buyers and suppliers. The main arguments will be that multinational enterprise (MNE) must use the main appropriate code of conduct to ensure suppliers adhere to its corporate social responsibility policies. Firstly, the essay will address what corporate social responsibility and profitability. Secondly it considers what the supply …show more content…
Examining the whole global supply chain system, it highlights the complex nature of the commercial network under which the social, and the environment the labour code ofconduct operates. It shows the distinction between the ethical approach which focuses on workers ' rights and the silence neglect some worker are subjected to. A close study of the labour codes in the UK ethical trading initiative, shows that good labour code of practice in the supply chain by companies, led to improvement in the working conditions of workers, improved company?s reputation, discourage governmentintervention in their business, improving the working climate, making employees feel confident about the company and as well as shaping employee behaviour and the positive influence in ethical decision-making. Standard labour code of conduct serves as an important foundation document which gives workers recognition and shared values and commitment tocorporate social responsibility. Labour code of conduct plays a vital role in the global supply chain but currently little is being done to address some of the problems surrounding it practices in the global supply …show more content…
McDonald adopted the EU restriction in the use of antibiotics in their livestock production in the supply chain. In the other hand, corporate social responsibility is voluntary and marketdriven, this limit the contribution companies can make to improve their social and environmental standard performance because of the constraints on the resources company spends on corporate social responsibilities limitation makes it tough to monitor manycompany?s performances and compliance on social and environmental sustainability in their business
PATRICK FORSON
What are the strengths, limitations and challenges of ethical, socially responsible business practice in relation to the supply chain?
This essay will examine contemporary standards of ethical and socially responsible business practice with regards to the globalsupply chain. Today there are challenges in defining and measuring corporate social responsibility (CSR) between buyers and suppliers. The main arguments will be that multinational enterprise (MNE) must use the main appropriate code of conduct to ensure suppliers adhere to its corporate social responsibility policies. Firstly, the essay will address what corporate social responsibility and profitability. Secondly it considers what the supply …show more content…
Examining the whole global supply chain system, it highlights the complex nature of the commercial network under which the social, and the environment the labour code ofconduct operates. It shows the distinction between the ethical approach which focuses on workers ' rights and the silence neglect some worker are subjected to. A close study of the labour codes in the UK ethical trading initiative, shows that good labour code of practice in the supply chain by companies, led to improvement in the working conditions of workers, improved company?s reputation, discourage governmentintervention in their business, improving the working climate, making employees feel confident about the company and as well as shaping employee behaviour and the positive influence in ethical decision-making. Standard labour code of conduct serves as an important foundation document which gives workers recognition and shared values and commitment tocorporate social responsibility. Labour code of conduct plays a vital role in the global supply chain but currently little is being done to address some of the problems surrounding it practices in the global supply …show more content…
McDonald adopted the EU restriction in the use of antibiotics in their livestock production in the supply chain. In the other hand, corporate social responsibility is voluntary and marketdriven, this limit the contribution companies can make to improve their social and environmental standard performance because of the constraints on the resources company spends on corporate social responsibilities limitation makes it tough to monitor manycompany?s performances and compliance on social and environmental sustainability in their business