Nike's controversial business activitys - law and ethics - Essay Example

Only on StudentShare

Extract of sample
Nike's controversial business activitys - law and ethics

The reason why it is necessary to regulate business practices by legal and ethical evaluation is because business is an essential constituent of the human society (Roa, 2007). Business organizations today are coming to realize that the famous dictum by Milton Freidman, the social responsibility of business is to increase its profits, may not hold much wisdom. This is well-exemplified in the example of Nike. Nike is a world-renowned producer of sportswear and other sports items. However, the company has had to face some major issues in the past related to its unethical conduct. Despite the fact that Nike is not the sole organization to be found guilty of unethical practices, it became the hub of censure and denigration because of its international presence and significant market share. In response, Nike took myriad of steps to improve its image and to make the process of manufacturing transparent. However, these measures have failed to be of much consequence. This paper will analyze the business practices of Nike in the context of three main values i.e. law, ethics and social responsibility. Legal Section The criticisms that were levelled against the organization bring to light the legal implications of carrying out business. It is necessary for a business to have a strong legal framework. ...
Download paper

Summary

Integrating Values - The Legality, Morality, and Social Responsibility of Nike Customer name Institution Integrating Values - The Legality, Morality, and Social Responsibility of Nike Introduction The importance of ethics and social responsibility in business has been the subject of debate since time immemorial…
Author : lconroy

Related Essays

Sussmayrs and Maunders Editions of Mozarts Requiem.
12 pages (3012 words) Essay
Entertainment Law: Portfolio
16 pages (4016 words) Essay
Music: Entertainment Law (Portfolio)
14 pages (3514 words) Essay
Business Ethics and Leadership- Whistle-Blowing
10 pages (2510 words) Essay
Business Ethics
4 pages (1004 words) Essay
WALL STREET:THE MOVIE. In need for a code of ETHICS?
11 pages (2761 words) Essay
Business Ethic and Corporate Social Responsibility
4 pages (1004 words) Essay
multinational business
8 pages (2008 words) Essay
hip-hop scholarly notes
2 pages (502 words) Case Study
Got a tricky question? Receive an answer from students like you! Try us!