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.

Is Ethical Soucing Souce of Competitive Advantage - Literature review Example

Comments (0) Cite this document
Summary
This essay stresses that ethical sourcing is a term that is created and defined by an individual organizations principles and practices. It’s a perfect blend of sustainability, values imbibed in a business practice and  social responsibility which is built into an organizations supply chain process…
Download full paperFile format: .doc, available for editing
Polish This Essay97.2% of users find it useful
Is Ethical Soucing Souce of Competitive Advantage
Read TextPreview

Extract of sample
"Is Ethical Soucing Souce of Competitive Advantage"

Download file to see previous pages This discussion declares that evironmental friendliness and its protection are also considered an essential element of ethical sourcing of goods and services.  Ethical sourcing is all about making right decisions at right time. Infact, it is regarded as an integral part of Corporate Social Responsibility in the modern business regime.This paper discusses that after analyzing the various aspects of implementing ethical sourcing in various organization such as Starbucks, Nike etc the common benefits that one can attain from adopting the means of ethical manufacturing sourcing generally relate to a wider market audience and conformance with pre-defined ethical standards and principles that facilitate an organization to create brand image and adhere to the corporate social responsibility. Risk management is better managed through ethical sourcing right at the source or the grass root level that creates a sense of responsibility among the suppliers in terms of organizational commitment towards ethical challenges and future goals. Ethical sourcing saves an organization from the anguish of its customers and negative image that it can create in future, for instance Nike hires child to saw the football, because they simply have no consideration for social ethics but only profit. Such kind of an attitude certainly has a negative impact on the customers. Adopting ethical norms and protocols can save the organization of such embarrassment....
acilitator in reducing exorbitant costs by adopting supply chain sources that focus on developing supplier relationship management and attain benefits of compliance management. Moreover organizations are self motivated to monitor their actions and carry on regular self assessment. Ethical sourcing is an effective medium to reward positive and constructive suppler behavior that consistently drives for growing business and at the same time a means to penalize negative and unpleasant conduct as well. Disadvantages of Ethical Sourcing Ethical sourcing however is a hindrance that suppliers face in their normal course of business for instance organizations hold varied perception issues that suppliers hold in terms of the tools and equipments that might need for ethical sourcing, thus they prefer to avoid it. Organizations find it expensive to adopt ethical supply chain and distribution networks thus generally face lack of coalition among business and individual objectives (Wrobleski & Oza 2011) Many authors have given varied viewpoint regarding ethical sourcing. For instance Cathy Mejia said that it is highly important for an organization to adopt ethical sourcing as it helps in communicating the strong ethical values an organization upholds for its stakeholders. Economists like Davies and Crane, 2003, Wadha (2009), have also commented on the significance of Ethical sourcing saying that fair trade policies of an organization can actually help to shape up the organization structure to achieve long term goals and positive company image. For instance in a research done by Gennarwilson (2009), it was found that child slavery exists in cocoa industry where children are made to work for long hours and parents avoid sending them for education. Almost 90 million bunnies, 27 million ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Is Ethical Soucing Souce of Competitive Advantage Literature review”, n.d.)
Is Ethical Soucing Souce of Competitive Advantage Literature review. Retrieved from https://studentshare.org/management/1432916-is-ethical-soucing-a-souce-of-competitive
(Is Ethical Soucing Souce of Competitive Advantage Literature Review)
Is Ethical Soucing Souce of Competitive Advantage Literature Review. https://studentshare.org/management/1432916-is-ethical-soucing-a-souce-of-competitive.
“Is Ethical Soucing Souce of Competitive Advantage Literature Review”, n.d. https://studentshare.org/management/1432916-is-ethical-soucing-a-souce-of-competitive.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Ethical architecture
The concept of ethical architecture demonstrates ideas that make us rethink all those responsibilities that will further assist in designing more sustainable plans for ourselves. Fisher further clarifies the fact that today’s human being is living in a dynamic world where several exponential curves related growth can be seen
8 Pages(2000 words)Literature review
Research : ethical issues
It is fair? Is it right? Is it sustainable or environmentally sound? Is it profitable? Yes. For Azerbaijan, Georgia and Turkey, the BTC project would bring $150bn over the next 20 years. Is it legal? From the BP point of view, the BTC project looks legal as it has made Host Country Agreement with Turkey.
8 Pages(2000 words)Literature review
Research Accounting and Finance : ethical issues report
The company is having an opportunity to sign-up a contract worth $8 million with Philippines government for a drug named Travolene. However, tests conducted by the domestic government found the drug unsafe. Ethical issues Should we launch the drug in Phillipines in-spite of the fact that the drug was declared unsafe by the domestic agencies?
6 Pages(1500 words)Literature review
The Competitive Advantages of Apple Inc
& Watt, C. (2004). Inspiration:  capturing the creative potential of your organisation. Palgrave Macmillan. 14 Jackson, E. S., Hitt, M. & Denisi, S. A. (2003). Managing knowledge for sustained competitive advantage:  designing strategies for effective human resource management.
10 Pages(2500 words)Literature review
The development of the concept of competitive advantage and how these ideas have been taken up and have influenced the enginee
Indeed, while the success itself is always the driving force for evolving business strategies, the identification and evaluations of factors have become hugely important for its continued existence. They would also provide the firms with distinct advantage within the industry.
14 Pages(3500 words)Literature review
Information Technology Is a Competitive Tool in an Evolving Hospitality Industry
In addition, in the past few years there has been a considerable change from customary and manual customer self-service settings to IT supported self-service settings. In view of the fact that using the IT based tools and techniques, consumers can be capable of creating services and products for acquisition by which little or no assistance from the hospitality firm offering the services and products is required.
4 Pages(1000 words)Literature review
Competitive Advantage
It is the economic rent that makes most competitors imitates other companies competitive advantage thus it becomes impossible for any given company to sustain its competitive advantages a longer duration of time. However, a company can have some positions, strategies and processes that are hard to be copied by other companies.
8 Pages(2000 words)Case Study
Sustainability as a source of competitive advantage in the hospitality industry
While sustainability is engineered into large hotels, simpler processes are associated with environmental friendliness in small hotels. The differences between them should be noted in order to better appreciate the scope of sustainability issues in large hotels. For small hotels, a significant solid-waste management (SWM) program becomes the principal concern.
6 Pages(1500 words)Literature review
The Key Considerations When Developing International Business

This work attempts to identify the extent in which prior literatures, especially the latest ones, have suggested on the importance or key considerations in putting up an international business. Using the internet and the online library resources, it has been identified that there are at least seven materials.

6 Pages(1500 words)Literature review
Competitive Advantage
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
1 Pages(250 words)Assignment
Let us find you another Literature review on topic Is Ethical Soucing Souce of Competitive Advantage for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us