1. The criticism regarding Tasty meals Ltd regarding its employees is justified to an extent. To a large degree the criticism this company has received regarding wages is contingent upon the long-term viability of retaining such disproportionate wages compared to the rest of the market. …
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In these regards, investors worry that eventually severe regulations may be enacted against the company. In terms of ethical responsibility to labor rates, this is a complex issue, as one must consider that market forces in the Philippines have led to people in the region working for this rate; still, it ultimately seems that Tasty Meals Ltd. should take a more responsible approach to employee safety and broader human rights concerns. 2. To an extent Tasty Meals Ltd. should be held accountable for their high-calorie foods. When customers visit the restaurant, especially as these restaurants contain come-ons to children through toys, they expect a reasonable expectation of health and safety. While in a free market customers have unlimited options, this does not necessitate that organizations can completely neglect health. Ultimately it seems that at the least Tasty Meals Ltd. should provide healthy options on the menu for customers. 3. It is not reasonable to demand that Tasty Meals Ltd. give up disposable tableware and containers because it is unfriendly to the environment. It is the government’s responsibility to place regulations on the use of such materials. Still, the backlash the organization has received is a fair reflection from the public and constitutes a level of the invisible hand of the market regulating such unethical practices through a deterioration of image. 4. It is reasonable for Tasty Meals Ltd. to demand from their suppliers that they impose its code of conduct directives to the suppliers it works with. In terms of market considerations, it is possible that severe punitive fines be placed upon the organization for engaging in unsafe market considerations. In terms of ethical responsibilities, organizations have a utilitarian ethical responsibility to consider human rights concerns. Tasty Meals Ltd. has neglected this responsibility. 5. Overall Tasty Meals Ltd. has complied with corporate governance principles, as they have not broken any government laws. Still, this organization is by no means an ethical and socially responsible corporation. They have taken every opportunity provided to ignore human rights and health concerns as a means of achieving higher profits and market expansion. 6. I would believe that the proposed measures may be too stringent. Still, I recognize that a change must be made. While ethical and social concerns are important, the ultimate considerations are in terms of profits. It seems apparent that if the organization does not adopt a reasonable amount of these measures they will experience a public backlash that could cause a severe decline in profits. 7. I believe if Tasty Meals approved and implemented the proposals it could improve their profitability as it would improve their image in the public. It would also ensure that the organization does not face future fines from disregarding regulations. 8. I don’t think ethical and socially responsible business practices are always in conflict with profitability. To an extent I believe that ethical business practices are appreciated by the public and through aspects such as corporate image and branding pay dividends. One considers an organization such as Ben & Jerry’s that has made corporate responsibility a major aspect of their business. This organization has in-turn developed a strong and loyal customer base. While in some situations unethical practices increase profitability, this does not mean that social responsibility and profitability are always in conflict. 9. As a shareholder of Tasty Meals I would be greatly concerned about the company’s long-term sustainability. While they are currently operating within corporate governance, it’s clear that they are operating directly on the border. If government
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This essay discusses that the urge of hunger is a common experience in all human beings, and its satisfaction has to be done on a daily basis. For the survival of mankind, food has to be consumed. According to the Encyclopedia Britannica, food refers to any material that contains fats, carbohydrates and proteins, which is consumed by living organisms in a bid to have a sustainable growth.
Tasty meals Ltd is paying more than double the minimum rate. Please note that the current minimum wage in the Philippines is Php 426.00 for an 8 hour work day (Department of Labor of the Republic of the Philippines). The hourly salary the employees of Tasty meals Ltd is getting is even more than enough if the night differential rate mandated by the Government of the Philippines is applied.
The negative criticism that Tasty Meals Ltd is experiencing is justified. This is because the company boasts of a large network of restaurants that operates in more than 100 countries. This translates to 50,000 restaurants serving 70 million customers per day.
Tool for Stakeholder Mapping 12 VIII. Informal Network 13 IX. Presence/Absence of Owner Bias 13 X. Conclusion and Recommendations 14 References 16 I. Stakeholders A. Internal Stakeholders It is clear that the key internal stakeholders consist of the owners, who started the company and are on track to seeing their dreams come true with the expansion plans.
The meals will cater for variety of fast served high quality Italian meals and will be freshly delivered faster than any other competitor in the industry. The domestic market, in the food industry, for fast foods is large and segmented with Italian foods representing the top most choices within the market (De Thomas, 2008).
For instance, Yum! Brands Inc., has established 38,000 restaurants globally; and McDonalds has set-up a total of 33,000 chains from all over the continent. Hence, it is no surprise why fast food is already served at restaurants, drive-through, schools and universities, bus stations, airports, and even at hospitals.
Given the limited nature of the information provided, we will use what we do know of the company's operations and the provided financial statements to guide the process. Our review will be less than typical; there is an inherent limitation in the scope of the marketing portion of this analysis, given the lack of data on competitors, specific brand strength, plant operations and distribution channels, as well as other standard evaluative measures.
This project had an innovation at its heart which had a successful test run ,a commercial test production followed by a full scale product launch. The innovation is comprised in a machine that is able to produce perfectly boiled eggs. The company has a simple structure and small size.
Each era is characterized by things that distinguish it from others. The variables of our time are the proliferation of restaurants, in particular, fast food restaurants. The main reasons for this proliferation are changing lifestyles and working hours. In these days, people have got no time to cook something.
The problem starts with a hurried or even skipped breakfast. Food taken as part of breakfast is very crucial, as it provides the necessary energy for the day’s work, and skipping it could lead to other medical problems apart from the obvious
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