Nobody downloaded yet

Whether Ethical Sourcing A Source Of Competitive Advantage - Dissertation Example

Comments (1) Cite this document
Summary
Ethical sourcing is a term that is created and defined by an individual organization's principles and practices. It is a perfect merge of sustainability, values imbibed in a business practice and social duty built into an organizations supply chain process. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.6% of users find it useful
Whether Ethical Sourcing A Source Of Competitive Advantage
Read TextPreview

Extract of sample "Whether Ethical Sourcing A Source Of Competitive Advantage"

Download file to see previous pages Adopting the means of ethical manufacturing sourcing generally relates to a wider market audience and conformance with predefined ethical standards and principles that facilitate an organization to create a brand image and adhere to the corporate social responsibility. Ethical sourcing, however, is a hindrance that suppliers face in their normal course of business. For instance, organizations find it expensive to adopt ethical supply chain and distribution networks thus generally face lack of coalition among business and individual objectives. UK ethics law is essential in guiding principles for ethical sourcing since it conducts activities under the permissible range of the European law. Supply chain is a condition that enables an organization to operate in a more defined manner than the companies it competes with. It gains competitive advantage, which results in profits increase to that company in terms of margin enhancement, especially in the modern dynamic business world. It also serves as a valuable strategy as it involves all critical features that a strategy entails like conceptual and analytical decision making in terms of products, their time of delivery and the market to be targeted. Introduction Ethical sourcing is making sure that workers who are treated well and paid fair wages to work legal hours create the products being sourced in safe facilities. It also means that the supplier of the product is regarding the environment for the period of the production and manufacture of the product. Many companies may have various reasons as to why they use ethical sourcing. Others may claim to embrace ethical sourcing, but not completely and may not be practicing it in all their companies globally. Sourcing ethically is ensuring that honest values are met for the period of the manufacturing of products, as well as sourcing equipment. It is ensuring the participation of everyone in their products' development is paid a fair wage and working in safe and hygienic conditions. It also means that employees work at reasonable hours, is not subject to unfairness and is of civilized working age. In this project, it will be found out whether Ethical sourcing is a source of competitive advantage to various companies owing to customers and consumers’ interest. Analysis of the strategies that different organizations like M&S and Co-op use to realize effective ethical sourcing is going to be done to show whether these ethical sourcing is beneficial or disadvantageous to them. Some of the United Kingdom Ethic laws that regulate functionalities of these companies will be discussed (Report Linker 2011). What supply chain is will be disclosed and whether it has any advantage as a competitive source (Kate & Anna 2004). Literature review This literature review explains ethical sourcing and develops arguments for and against its adoption by major retailing organizations. It is acknowledged that different countries have different rules, regulations and laws governing sourcing (Lynn 2007). This dissertation, however, focuses on how major retailers source products for selling in the developed economies of the UK, EU and US. Whilst the overall objective of this review is to, critically, examine ethical sourcing and its adoption by some firms (but not by others), it will help develop a model that can be used to see how “ethical” organizations actually are. Sourcing ethically, in a scholarly capacity, means the upholding of at most moral and decent values during the process of developing commodities. It is a perfect blend of sustainability, values imbibed in a business practice and social responsibility ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Whether Ethical Sourcing A Source Of Competitive Advantage Dissertation”, n.d.)
Retrieved de https://studentshare.org/business/1392494-is-ethical-soucing-a-souce-of-competitive
(Whether Ethical Sourcing A Source Of Competitive Advantage Dissertation)
https://studentshare.org/business/1392494-is-ethical-soucing-a-souce-of-competitive.
“Whether Ethical Sourcing A Source Of Competitive Advantage Dissertation”, n.d. https://studentshare.org/business/1392494-is-ethical-soucing-a-souce-of-competitive.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
yo
yostchristop added comment 8 months ago
Student rated this paper as
I had an issue with a dissertation types of works. All until I came across this website and this particular essay. Even though "Whether Ethical Sourcing A Source Of Competitive Advantage" is far from my interests, the structure is so great that I use it all the time as an example for my own works.

CHECK THESE SAMPLES OF Whether Ethical Sourcing A Source Of Competitive Advantage

Is Ethical Soucing Souce of Competitive Advantage

...other stakeholders of the firm in all responsible ways that they can (Bowen, Cousins, Lamming, and Faruk, 2001). People on the whole actually value organizations which are truly ethical for instance leading organizations such IBM, Petagoni, Levi’s etc all have succeeded only due to a string public image that they have created for themselves based on firm ethical practices. Supply Chain Gains Competitive AdvantageEthical sourcing is another means to gain a competitive edge in terms of margin enhancement especially in the modern dynamic business world where amidst the tough economic issues and turbulences, sales of...
6 Pages(1000 words)Literature review

Competitive Advantage

...purchasing criteria of a crucial group of clients. Similarly, sustained competitive advantage results from long-term difference between goods and services of one company and the products of its rivals in the customers’ mind. I will analyze the significance of creating better core competencies, strengths of resources, and capabilities of the organisation can be a crucial way of attaining competitive advantage. It will also examine the ethics and social responsibility and its role in creating and sustaining competitive advantage in an organisation. Discussion In the modern business environment, companies compete in a...
5 Pages(1250 words)Research Paper

Competitive Advantage

...a thing that ensures sustainable competitive advantages. The methods in which firm learns and adapts to the prevailing changes in its environment determines how successful a firm will be. The environmental based restrictions from the government and changes in the level of technology. 3) Paths For any company to start there must be some guidelines and procedures to be followed. These guidelines help in the development of the firm and highly determine the competitive advantage of the firm compared to other firms. If a company takes the right path of the development track then it is likely to have a sustainable competitive advantage...
8 Pages(2000 words)Case Study

Competitive advantage

...Introduction Organizations around the world have been devising and implementing numerous strategies for decades in order to gain competitive advantage in their line of operations. Some of these strategies involve integration of their operations pertaining to the supply chain. In so doing the organization tries to look into the costs it incurs in the whole production process and the amount of control it has over each and every process. When considering vertical integration strategy for example, an organization looks into managing its supply chain from both the supplier’s and the client’s sides (Ellram 1991). This is a trend that is popular mostly with retailers who wish to control both ends of their...
6 Pages(3000 words)Essay

Competitive advantage

...Nucor Case Study Instead of a separate performance appraisal system, Nucor judges performance based on quality, productivity and profitability. What are the advantages and disadvantages of Nucor’s choice? The primary advantage that Nucor gets out of its performance judgement system is outstanding labour relations. There are no union based problems as employees are satisfied and trust the company for their good. Moreover, Nucor’s system helps employees earn more money than their counterparts through innovative schemes. This ensures that the most productive people are brought to the front and appreciated accordingly. In most other workplaces, all people earn equal salaries whether they work...
2 Pages(500 words)Essay

Competitive Advantage

...Competitive Advantage Affiliation: Factor Tim’s Coffee Shoppe Competitor Queequeg’s Coffee) Competitor 2 (Tim Hortons) Score Comments Score Comments Score Comments Quality 3 Minor strength 3 Minor strength 4 Major strength Location 4 Major strength 3 Minor strength 3 Minor strength Employees 2 Minor weakness 2 Minor weakness 3 Minor strength Profitability 2 Minor weakness 2 Minor weakness 3 Minor strength Product 4 Major strength 2 Minor weakness 3 Minor strength Price 1 Major weakness 2 Minor weakness 2 Minor weakness Service 3 Minor strength 3 Minor strength 3 Minor strength Advertising 2 Minor weakness 3 Minor strength 4 Major strength Total 21 20 25 1 – Major weakness, 2 – Minor...
4 Pages(1000 words)Research Paper

Competitive Advantage

...Competitive advantage It is the desire of every company or organization to the on top of its game in all areas. This is better termed as competitive advantage and its entails a company having pool of dynamic skills, strengths and abilities that will propel it far above its competitors. In addition to being the very best in the industry, some companies find it more appropriate to differentiate their products and services from those of other companies (Pearce & Robinson, 2012). In an effort to create an edge in competitive advantage, it is advisable to factor in all areas such as cost, differentiation and speed (Pearce & Robinson, 2012)....
1 Pages(250 words)Assignment

Competitive Advantage

...Barnes & Noble is the industry leader in the book industry. The company generated $7.13 billion in sales in (Barnesandnobleinc, . The organization holds various competitive advantages over a small bookstore. As a public company whose stocks are traded in the New York Stock Exchange Barnes & Noble has greater access to capital than small bookstores. The firm has the ability to raise capital through the sale of stocks and bonds. The company also has a superior marketing and advertising budget which has enabled Barnes & Noble the ability to build brand value. Barnes & Noble has the greatest product variety in the industry in both books and e-books. Due to the size of the company the firm is in a better position to offer lower prices... & Noble...
1 Pages(250 words)Assignment

Competitive Advantage

...Competitive advantage Lecturer Competitive Advantage Introduction Business organizations around the world are always faced with the challenge of rival organizations trading in similar products or services. It is never guaranteed that a business organization that tops above others will remain at the top. It has to look for different means that will keep it at the top by seeking means to win more clients while earning maximum profit. This sustenance at the top is made possible by employing strategies that the organization can ride on. This paper focuses on the nature of competitive advantage in relation to two models; namely, the Porter’s...
4 Pages(1000 words)Research Paper

Competitive advantage

...COMPARATIVE ADVANTAGE THROUGH E-COMMERCE LOGISTICS al Affiliation) Key words: Comparative Advantage Study All statistical surveying reports demonstrate a consistent, critical increment of online deals at the cost of conventional disconnected from the net retail. Satisfaction of online requests, in any case, is testing. With a CATELOG concentration in logistics, open doors that can help increment online deals in a productive way will be mandatory. Three angles are fundamental to the task: Cross-fringe retail logistics (Abnamro 2011). While online channels have no fringes and take into consideration snappy global extension, shopper inclination for sorts of e-satisfaction is prone to contrast crosswise...
3 Pages(750 words)Research Proposal
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Dissertation on topic Whether Ethical Sourcing A Source Of Competitive Advantage for FREE!

Contact Us