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Business Ethics - Case Study: Nike - From Sweatshops to Leadership in Employment Practices - Essay Example

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Nike has been the favorite shoe especially of the basketball fans who finds association with the most popular basketball superstar whenever they wear the shoe in. The…
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Business Ethics - Case Study: Nike - From Sweatshops to Leadership in Employment Practices
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Download file to see previous pages A Stakeholder is a “person, group, or organization that has direct or indirect stake in an organization because it can affect or be affected by the organizations actions, objectives, and policies” (BusinessDIctionary.com). Stakeholders can be internal and external. Internal stakeholders are those who work directly under the company. This includes the owners, the management group and the employees (Wikimedia Foundations, Inc, 2009). Of all these, the employees are the least powerful in coursing the direction of the company. Outside the company, there are also people who can be affected by its decisions: these include the suppliers and the customers, its shareholders and creditors, up to the government and the whole society (Wikimedia Foundations, Inc, 2009). This can be depicted by the graph below.
“At the end of the Second World War, the International Labour Conference adopted in May 1944, in Philadelphia, a Declaration (Philadelphia Declaration), which defined again the aims and purposes of the Organization. This Declaration reaffirmed in particular, (a) that labor is not a commodity, (b) that freedom of expression and of association are essential to sustained progress, (c) that poverty anywhere constitutes a danger to prosperity everywhere and (d) that the war against want requires to be carried on with unrelenting vigor within each nation, and by continuous and concerted international effort in which the representatives of workers and employers, enjoying equal status with those of governments, join them in free discussion and democratic decision with a view to the promotion of the common welfare.
Establishes the right of all workers and employers to form and join organizations of their own choosing without prior authorization, and lays down a series of guarantees for the free functioning of organizations without interference by the public authorities. In December 1997, 121 countries had ratified this convention.
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