Money the Root of All Prophits

by James C
Summary:

The behavior of businesses is commonly regulated into disclosing information about its internal processes and information. The transparency of their inner workings has allowed activists to pressure them into changing their damaging and unethical behavior. Starting at the end of the 1990s, a movement began toward pressuring corporations in release privilege information about their supplier factories around the globe. The movement was inspired by the idea that disclosure would lead to responsible accountability and better working conditions for offshore factories. To the surprise of the business world, Nike and Levi-Strauss released their supplier lists to the public. The main focus of this paper was to follow these companies from opposition to a complete transparency of their supplier list databases.

Reflections:

I believe that companies do have a responsibility to be ethical and compliant. With that said, not many successful companies are, or do, follow the letter of the law. The business of business is to make money, in whatever means possible. We as consumers, on the other hand, have the choice to recognize these faults or just ignore them while purchasing many of their products on sale.

Many of us say that we are just, ethical and responsible. But, how many of us really know the history of some popular companies. Like IBM, for example, aided the Nazis in tracking down German citizens of Jewish descent.

Citations:

Doorey, D. J. (2011). The transparent supply chain: From resistance to implementation at nike and levi-strauss.Journal of Business Ethics, 103(4), 587-587-603. doi:10.1007/s10551-011-0882-1

 

1 thought on “Money the Root of All Prophits”

  1. Wow! I didn’t know IBM did that. But I do agree with you, some companies are completely unethical. We hear it on the news all the time and somehow continue to shop at their stores. But I think it has to do more with the way we are as a society. Its like that saying, “Out of sight, out of mind.” If you think about it, the media goes bananas when some company is found guilty for over-charging its customers (Bank of America), until the next “big one” comes along and takes it’s spotlight. I’m not saying it’s right but that’s where we have to start.

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