The scope of issues that modern day businesses deal with stretch further than purely the exchange of goods and services. Tecck Industries recognizes that operating in today’s business climate requires a wider understanding of societal issues way beyond the basics of prudent business management.
There are values and ethical considerations to make. There are also legal issues to ponder. In addition, there is an increasingly globalized experience by clients and staff alike. This leads to inevitable clashes between clients, company employees, and other stakeholders in an effort to find a middle place where all the different values can coexist.
The moral issues in the current business climate emanate from the values that the different sections of the society hold. In the current moral climate, the key moral issues include; fairness of wages, employee benefits, environmental concerns, sexuality, rights of workers, child labor, and use of sweatshops. Other key issues in the current business climate come from health, safety, and environment.
Tecck Industries recognizes that there are laws that govern certain aspects of the ethical, moral, and social issues present in its business environment. While the industry does its best to adhere to these legal requirements, it aims at going further.
It achieves this through a stricter ethical code. The goal is to keep ahead of the law in these matters in order to create greater trust within its clientele. This ensures that the industry does not spend valuable time and money on litigation against it from the society and other associates.
Tecck Industries considers it unethical to use any processes, systems, or methods that do not respect human rights, or those that harm the environment. The industry is against child labor and does not trade with suppliers who use sweatshops to produce their products.
The company also has put in place mechanisms to ensure that none of its production lines develops the characteristics of sweatshops. In particular, the company has ensured that it has a standardized wage structure, that its facilities are free from health and safety threats, that the enforcement of discipline among employees is not arbitrary, and that the employees are free to participate in a workers union. These measures, coupled with an attractive pay structure, makes the company a place that many people would like to work.
There are a number of options for positive social involvement for Tecck Industries. The industry, as a renewable energy company, has the opportunity to promote the use of solar energy in the entire country by providing subsidized products to needy sections of the Hawaiian community.
Some of the profits from business provide the funds required to undertake corporate social responsibility activities, which include the provision of solar lighting and solar water heating equipment. The industry issues them free of charge or at highly subsidized rates for needy institutions such as schools for the blind, children’s homes, and homes for the aged.
These places need the hot water and emergency power that solar energy products provide. Since these institutions mainly rely on charity, they are unable to meet the initial costs. The Industry notes that a strong corporate social responsibility policy not only improves the company’s bottom line, but it improves the life of the society in general. This is our value statement.
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