Nobody downloaded yet

Nike and Corporate Accountability - Research Paper Example

Comments (0) Cite this document
Summary
This paper will review the response of Nike to the consumer and political pressure for accountability and change. This paper will sketch out the issues between relationship of companies from the developed and developing worlds,the working condition problem of the outsourced workers in the developing nations…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.4% of users find it useful
Nike and Corporate Accountability
Read TextPreview

Extract of sample "Nike and Corporate Accountability"

Download file to see previous pages Nike, Inc., an apparel, sports equipment and shoe company, happens to dominate the athletic shoe market in the whole world. Despite the fact of the company’s very stable and unbeaten financial health status, Nike receives different criticisms on its global labor conditions. In terms of social aspects, Locke (2003) stated that Nike is highly criticized because of the low wages and poor working conditions given to the outsourced labor workers in factories located in different countries.
Indeed, the Nike’s factory operations in various nations are seen to be problematic because of the work conditions among the workers that are really in need of improvement. Nike should be held responsible on changing their corporate behavior in the developing world. There is a need of transformation in this because of the consequences of inequality posted by capitalism and globalization. In this regards, this paper will use Nike as a case that illustrates an issue of corporate accountability.
Review of Related Literatures
The phenomenon of globalization has greatly affected the condition of each country of the world today. O’ Brien (1992) defined the concept in relation to the geographical borders which can be global, international, offshore and global. According to O’ Brien (1992), globalization transcends geographical boundaries making the economy of the world interconnected and integrated. This makes the world markets for goods, services as well as capital interlinked. According to Hak-Min (1992), the developed nations are the ones who greatly benefits from this interconnectedness because of the unequal distribution of income between the developed and developing countries. ...
According to Hak-Min (1992), the developed nations are the ones who greatly benefits from this interconnectedness because of the unequal distribution of income between the developed and developing countries. It is the case that the share of income is skewed to the developed countries which makes their industries to grow far better while the developing nations are left behind. Meanwhile, according Rama (2003), globalization primarily affects the labor market in the developing countries because its common interest is the “cheap” labor costs through which the different companies in the developed worlds may highly maximize their profits. The poor wages together with the risky and abusive working conditions remain to trouble many factories in the third world countries. Given this, global companies which outsource labor from the developed countries are confronted with the ethical issues on how they conduct business for the greater good of society. Nike is one among the companies that are confronted by the issue of corporate accountability. The concept of corporate accountability is defined as the affected corporation’s responsibility to control the operations of that corporation for the greater good of individuals and society (Keith, 2010). According to Petrecca and Howard (2005), it owns more than 36 per cent market share in the athletic shoe sector in United States and more than 33 per cent for its athletic footwear alone at the global level even though if it is the case that the companies of Reebok International Ltd. as well as Adidas AG have just recently merged. Despite the stable financial status of the said company, Nike is highly criticized for the poor working conditions of its outsourced labor force in the developing regions of the world. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Nike and Corporate Accountability Research Paper”, n.d.)
Nike and Corporate Accountability Research Paper. Retrieved from https://studentshare.org/sociology/1448404-consumer-and-political-pressure-for-accountability
(Nike and Corporate Accountability Research Paper)
Nike and Corporate Accountability Research Paper. https://studentshare.org/sociology/1448404-consumer-and-political-pressure-for-accountability.
“Nike and Corporate Accountability Research Paper”, n.d. https://studentshare.org/sociology/1448404-consumer-and-political-pressure-for-accountability.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Nike and Corporate Accountability

NIKE Corporate social responsibility

...? CSR in Review Exploring corporate social responsibility challenges for companies in apparel industry in its supply chains around the world: the case of Nike Corporations By University of _________ Submitted to (Feb 2011) Here are the instructions:  1. 10 pages apa format  2. Please see attchement and reference the 8 sources you can use  3. Please write the paper around question 1 that begins," What are the challenges..etc"  4. Also use the book as a reference(ISBN 978-0-13-614326-0 or 0-13-614326-1) look on amazon  5. Just a research paper and nothing fancy. Please cite everything in paper though.  6. You have done great work in the past so this should be cake for you.  7. Feel free to...
14 Pages(3500 words)Essay

Corporate Accountability

...?Corporate Accountability Table of Contents 0 Introduction 3 2.0 Dimensions of Corporate Governance Regulations in the UK and the US 3 2 UK’s Perspective 3 2.2 US’s Perspective 5 3.0 Effect of Corporate Governance on Corporate Interest Groups 6 4.0 Factors that Led to the Collapse of Corporate Entities in the UK and the US 7 4.1 Collapses in the UK Corporate Governance 7 4.2 Collapses in the US Corporate Governance 8 5.0 Corporate Governance in the UK 9 5.1 The UK Combined Code 9 5.2 Maxwell Saga 10 5.3 Barings Bank 11 5.4 Polly Peck 11 5.5 Bank of Credit and Commerce International (BCCI)...
10 Pages(2500 words)Essay

CORPORATE ACCOUNTABILITY

...precursor of credit crunch. For instance, before 2007, the financial system has been undertaking systematic risks because of the so-called shift in the banking model from "originate and hold" to "originate and distribute". (Saunders and Allen, p. 21) This change supposedly exposed the financial system to risks because it led to the deterioration of the credit quality and the rapid increase in consumer and corporate leverage. (p. 21) FRC’s focus on corporate responsibility, accountability, transparency, regulation and prescription were all reflective of the need to address systematic risks. Introduction of ICB The establishment of the UK Independent Commission on Banking (ICB) also served...
4 Pages(1000 words)Essay

Corporate Accountability in CSR: Legal or Ethical

...?Running Head: Corporate Accountability Corporate Accountability in CSR: Legal or Ethical Corporate Accountability in CSR: Legal or Ethical Corporatesocial responsibility (CSR) is one of those issues concerning business which, in the public’s perception, occupy the narrow demarcation between ethical duty and legal mandate. There was a time when a firm’s community projects were undertaken as form of philanthropy and even public relations (Cheney, May & Munshi, 2010:234). Recent events involving firms in issues of product safety have appeared to intensify public clamor for the imposition of stronger accountability measures...
6 Pages(1500 words)Essay

Business - Corporate Accountability

...? Corporate accountability CORPORATE ACCOUNTABILITY Corporate accountability refers to the legal obligation a business enterprise has towards its constituents or relevant stakeholders such as shareholders, consumers, employees and financers (Isaleem, 2010). It infers to strategies put in place to influence corporate behavior. Corporate accountability refers to corporate behavior influenced by external factors such as government and social forces that are beyond the company’s limit. Government and social actors may adopt a range of strategies aimed at enforcing social...
4 Pages(1000 words)Essay

Accounting for corporate accountability

...Introduction Post-modern corporate business has become a powerful and significant economic force in the industrialized world. Accounting practices are currently focused on corporate accountability, which involves the knowledge and understanding of current concerns regarding responsibility and accountability to stakeholders. Post-modern business discourse is focused on the economic and social consequences of corporate practices (Elliott and Elliott, 2006). Transparency, though, must also take into account the subjective nature of gathering, analyzing and presenting data as published accounting information. The fear that corporate managers might act contrary to the interests of shareholders and not be concerned with those with whom... the...
8 Pages(2000 words)Essay

Business Ethics and Social responsibility (An Ethical Analysis of (Nike) )

...in publicly endorsing Nike products (Schwarz and Hunter 252). This is representative of the fact that Nike has acted unethically and has not taken accountability to the stakeholders seriously. The company has given the maximisation of its profits the first priority and has violated the rights of the workers, as depicted in the laws regarding human rights (Phoenix Business). The main issue here can be seen as poor corporate accountability as the stakeholders in the organisation were not made aware of the organisation’s corporate social activities. The initial response of Nike was to downplay the reports and to promote a...
11 Pages(2750 words)Essay

Corporate Governance and Accountability

...PART I Introduction: Corporate Governance The issue of corporate governance has come to the fore in recent years due to the spate of scandals that have surfaced with relation to the corporates and their unethical behaviour. At stake is the way in which corporates are to be accountable to all stakeholders (note that the term stakeholder is used rather than shareholder as corporates have a basic responsibility towards all the different stakeholders) and that their behaviour must be worthy of emulation. The different stakeholders would be the shareholders, customers, employees and society at large that has an effect on the way the...
12 Pages(3000 words)Essay

Nike and its Approach to Corporate Responsibility

...the globe. New matrix organization structure and several corporate responsibility functions enhanced organization’s strategic planning process and product developing process. This sustainable corporate approach helped the organization to achieve significant business outcome. In addition to this, Nike, Inc followed more formalized approach to the accountability and governance. The integrated and redesigned structure motivated the corporate responsibility team to report directly to the CEO of the organization. This effective and direct communication process helped the organization to maintain conflict free workplace environment and sustainable business...
8 Pages(2000 words)Essay

Colin Crouch on Corporate Accountability

...interfere with the business policies developed by the government despite the impacts it has on its operations. Therefore, in order to eliminate this dilemma, Crouch (2011) argues that a middle ground must be achieved that brings together the profits interests of businesses with the public good. The middle ground can only be achieved through corporate social responsibility as corporations have today grown into major actors in the public domain. In this paper, the position taken by Crouch that corporation must reduce their dominance with profit success and embrace corporate social accountability will be evaluated. This evaluation will be based on the...
11 Pages(2750 words)Essay
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 Research Paper on topic Nike and Corporate Accountability for FREE!

Contact Us