Business ethics is very important in business transactions. Obtaining gain by using dishonesty or uneven advantage is unethical. The transactions that are made, when no one is watching, show whether a company is ethical or not. Nike is a sportswear company. It has exploited the cheap labor abroad kept in poor working conditions.
Nike needs an ethical code to guide the conduct of the people working for it. This enables people to know how they should conduct themselves in the workplace and also when they are carrying out side business of the company.
The managers and directors should be role models since people tend to follow the behaviors portrayed by their leaders. Good leadership will lead to a good plan and working environment which will lead to good working conditions like good payment.
The reputation of the company also needs to be safeguarded by maintaining high ethical standards in its operations. Since company’s reputation forms part of its image to the outside world, a dented image may ruin a company.
Like some firms must give some sweeteners to obtain rightful provisions, the industrialist may be ethically different to giving the bribes (Clifton, 2010).
The decisions have consequences to certain persons or stakeholders in the exercise of the industry. Managers call for a feasible set of guiding principles on how to decide on ethical issues (Jennings, 2010).
Nike should deal fairly with not only its clientele but also the people who make the products by improving their working conditions. For a non-stop advancement of a business, the executive of an institute should be wide open to new ideas. Soliciting views and response of both consumers and players and your business will keep on increasing (Kapferer, 2004).
Nike should also treat others with the greatest respect despite of the age and social status. Therefore identifying the repercussion of trade, it is necessary to find a proper code as a gadget for realizing possible outcome; thus it is only your start and should be supported by a progressive course of action (Hill and Jones, 2011).
Nike should endeavor to make progressive operational set-ups for its informal employees. The hazardous petroleum-based byproducts from factories should be supplemented by minor perilous options. The payment in the factories should be increased to duty elevated than the smallest amount wage. The company should allow frequent checkups to make scrutiny at the same level as in the US and other international organizations (Hill and Jones, 2011).
Nike should have enough workforce for it to take advantage of its laborers and also increase performance checkups of the firm. An inspector must be employed to assess the factory on assorted basis series for its team. No worker should be put in jeopardy due to a shortage of environmental awareness. The company’s advertisers should be thoughtful to positive and negative responses from their proposed audience on the use of likely contentious and discreditable ad stimuli (Clifton, 2010).
Labor laws should be followed by the local companies. Every country has its own setup of rules and regulations as regards to the labor force, as well as hiring practices. Countries have contrary views on what comprises determining years and what a child is to experience at a given age. Children have alienable rights to be educated and not working as they are minors according to the set of laws of the country. Nike should for that reason not hire children which infringes their right to go to educational establishments and obtain education (Kapferer, 2004).
References
Clifton, R (2010). Brands and Branding Economist series. New York: Profile Books.
Hill, Ch. and Jones, G. (2011). Essentials of Strategic Management. Canada: CENGAGE Learning.
Jennings, M (2010). Business: Its Legal, Ethical, and Global Environment. London: Cengage Learning.
Kapferer, J-N (2004). The new strategic brand management: creating and sustaining brand equity long term. London: Kogan Page Publishers.