StudentShare solutions
Triangle menu

Rama Plaza Building Collapse - Essay Example

Extract of sample
Rama Plaza Building Collapse

While the signing of agreements is a good indication of goodwill, it is essential to consider other issues which will guarantee that employees are treated in the best way possible. Signing go many agreements is however no guarantee that safety is going to improve. Yet, these agreements only make the relationship between workers and employers to be tortuous. It cannot be stressed enough that such unfortunate events as the Rana Plaza accidents are unacceptable in any way. In this regard, firms and industries must be able to have a good way for protecting their workers (Ehap & Salim, 67). Manufacturers must not depend on rules and laws in order to protect human life. Human life is way too important, and the value of human life should not be valued based on econometrics. This means that these firms need to be able to look at these issues in a better way rather than just creating rules and laws and loo at worker safety in a very serious way. In a modern business world, competition has continued to increase in this regard; there are many strategies which are mean to help in making sure that businesses are competent. In this regard, business experts has developed the value chain process is the life cycle a product goes through until the product gets to the end consumer (Ehap & Salim, 66). This process is a definition of the costs which the firms will have to incur in order produce a finished item. In other words, the many businesses are geared towards making sure that the firm can present the best quality of their merchandise to their consumer while offering them the best price possible. This has led to businesses trying as much as possible to reduce their operational costs (Ehap & Salim, 78). In this case, human resource has been affected because firms have tried as much as possible to reduce the cost of human labour, leading to firms in the first world to outsource their labour aboard (especially in China) in order to have cheap labour. This means that events such as the Rana Plaza industrial accident can be traced back to the consumer. To prevent this in the future, it is necessary to involve the consumer and help them understand the real cost of the product thy use. Some cheap products in the market are paid for in blood because humans have been abused to make these products. This can be seen in the way the Chinese sweat houses are used to make low cost garments. This has been seen in other various cases such as in Apple Inc., Nike etc. Consumers need to be educated about these issues and encouraged to avoid blood-products (in other words, products whose real cost is human blood.) by educating the end consumers on these issues it will be possible to avoid instances such as the Rana Plaza. In doing so, firms must be forced to reveal the actual cost structure of producing their products in order to identify any blood cost in their production of goods or in their value chain. From a single business point of view, there is therefore a need to create a solution which is not really considerate of the economic efficiency. Businesses have responsibilities which are tied to various stakeholders and these responsibilities must be met before economic efficiency can be considered. However, in the long run, focusing on these responsibilities will also help individual businesses to save in the long run. A firm ...Show more


Name: University: Tutor: Course: Date: Rama Plaza Building Collapse Losing a human life is usually regrettable. The industrial accident at Rana Plaza in Dhaka is one unfortunate event, and it will always be a memory that firms need to be able to improve the security of the workers in any situation…
Author : fstracke
Rama Plaza Building Collapse essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Rama Plaza Building Collapse"
with a personal 20% discount.
Grab the best paper

Related Essays

Compare the heroes Gilgamesh and Rama
The narratives of Gilgamesh and Rama are entrenched in the very society and history in which they are made. Gilgamesh and Rama have three general similarities: (1) both are divine kings, (2) they travel to different and alien places; and (3) shared tragedy.
2 pages (500 words) Essay
Othello vs. Rama
Even though Othello is considered as the central character of a drama, Rama is considered as the Hindu God. Othello was a brave soldier whereas Rama also can be considered as a soldier since he killed Ravan in a battle. It should be noted that Ravan is believed to be the king of Rakshasa with ten heads.
5 pages (1250 words) Essay
Financial collapse
According to Krugman a long term prosperity can only be ensured by a growth in total factor productivity as opposed to the growth in productivity brought about by capital investment. The Mexican Peso crises may lend credence to this argument with the after effect being the loss of confidence in Asian securities and subsequent withdrawal of capital by foreign investors.
6 pages (1500 words) Essay
Collapse paper
The US dollar has been a world standard in terms of foreign exchange rates for decades. This and a lot of other factors clearly highlight how powerful and significant is US economy on a world scale. They also infer how pervasive its effect on the world environment can be.
5 pages (1250 words) Essay
Compare the heroes Gilgamesh and Rama
Gilgamesh and Rama have three general similarities: (1) both are divine kings, (2) they travel to different and alien places; and (3) shared tragedy. First, Gilgamesh is a sacred king in the ancient Babylonian kingdom who greatly
2 pages (500 words) Essay
The paper starts with a strong thesis statement as the author of the book and other materials bring forward. Secondly, the paper will critically discuss the reasons as to why the societies collapsed and then, the paper will provide
4 pages (1000 words) Essay
Roman Art Plaza
Rome is known for its rich religious tradition but along with it is the splendid artworks spread throughout the city. Visiting Rome is similar to getting in touch with the finest artists the world has ever known because in every corner there is art crafted by the best artists. Three main attractions: The Piazza Navona, Trevi Fountain and Piazza di Spagna.
14 pages (3500 words) Essay
Roman Empire collapse
This forced the government to raise taxes in order to collect revenue, and this led to inflation. In addition, there was a sharp decline in the middle class. This comprised or artisans and merchants who supported the Roman economy. This
1 pages (250 words) Essay
Rana Plaza building collapse
Rana’s political connections gave him a platform for illegally extending the five storey designed structure by three more stories without authorities’ probing. That renders the tragedy a product of a
4 pages (1000 words) Essay
Park plaza county hall london
Despite the fall in the disposable income in the UK, hotels continue to adequately do well for the customer demands remain the same. To keep this sector growing the different hotels in UK have adopted cost-conscious mechanisms as well as becoming more attentive
12 pages (3000 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation