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Business Ethics

Use the following links and choose one of the most ethical companies and one of the least ethical companies.

Most ethical companies: http://ethisphere.com/wme2008

Least ethical companies: http://www.guardian.co.uk/business/2006/apr/16/theobserver.observerbusiness1">

Provide the names one ethical company and one unethical company of your choice. Use the internet and provide each company's mission statement, code of conduct, and a brief historical background for each company.

Solution Preview

Let's take a closer look at two companies as indicated on your provided websites. I also attached extra resources on the two companies.

RESPONSE:

1. Provide the names one ethical company and one unethical company of your choice. Use the internet and provide each company's mission statement, code of conduct, and a brief historical background for each company.

The ethical companies have a leader who promotes ethical behavior, whereas the least ethical companies often fall short in meeting their values and codes of conducts that they acclaim to. This reponse looks at McDonald as the least ethical company as indicated on a poll of 10 companies, and Nike as the most ethical.

A. Nike in United States

On the website you provided (http://ethisphere.com/wme2008), Nike is listed as the top ethical apparel company in the United States.

Nike's Corporate Mission Statement is: "'To be the world's leading sports and fitness company." (http://www.fundinguniverse.com/company-histories/NIKE-Inc-Company-History.html)

The core standards set forth by Nike Corporation for its manufacturing firms are s follows:

1. Forced Labor
The contractor does not use forced labor in any form -- prison, indentured, bonded or otherwise.

2. Child Labor
The contractor does not employ any person below the age of 18 to produce footwear. The contractor does not employ any person below the age of 16 to produce apparel, accessories or equipment. If at the time Nike production begins, the contractor employs people of the legal working age who are at least 15, that employment may continue, but the contractor will not hire any person going forward who is younger than the Nike or legal age limit, whichever is higher. To further ensure these age standards are complied with, the contractor does not use any form of homework for Nike production.

3. Compensation
The contractor provides each employee at least the minimum wage, or the prevailing industry wage, whichever is higher; provides each employee a clear, written accounting for every pay period; and does not deduct from employee pay for disciplinary infractions.

4. Benefits
The contractor provides each employee all legally mandated benefits.

5. Hours of Work/Overtime
The contractor complies with legally mandated work hours; uses overtime only when each employee is fully compensated according to local law; informs each employee at the time of hiring if mandatory overtime is a condition of employment; and on a regularly scheduled basis provides one day off in seven, and requires no more than 60 hours of work per week on a regularly scheduled basis, or complies with local limits if they are lower.

6. Environment, Safety and Health (ES&H)
The contractor has written ...

Solution Summary

Examines one ethical company and one unethical company in terms of thr company's mission statement, code of conduct, and a brief historical background for each company. References are provided.

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