Ethical And Socially Responsible Business Practice Essay

1342 Words Nov 18th, 2016 6 Pages
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 chain management. The third aspect will consider the ethical labour codes in the supply chain management. Finally, this essay will compare the good and bad labour code of practice and its effecton multinational enterprise (MNE)
Sustainability and corporate stewards are social ideas and a business necessity. Corporate social responsibility encompasses not only what companies do with their profit but also how their profits are made. Corporate social responsibility addresses how companies manage their economic, social and environmental impact as well as their relationship in all fundamental aspect of influence at the workplace, the marketplace, the global supply chain and the society. The international organisation for standardisation…

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