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Tasty Meals Ltd - Essay Example

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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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Tasty Meals Ltd

Download file to see previous pages... 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 ...Download file to see next pagesRead More
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