Analyses Company Named Rana Plaza

Questions: 1. Discuss the ways in which companies, like the ones mentioned in the extract, that sourced clothes from the Rana Plaza can help improve business practices to prevent recurrence of events of this nature.2. How they operate ethically, taking into account their approach to consumerism, values and environmental friendliness. Answers: The report analyses company named Rana Plaza which is a firm in textile sector within Bangladesh. Initial portion of the paper has attempted to analyze every firm that has sourced or else are presently sourcing from Rana plaza as well as has also attempted to find the path through which they could help themselves to improve the business practices as well as prevention of the recurrence of such incident further which was observed in the firm Rana Plaza (Boatright, 2000). The study has also evaluated all the ethical factors that were actually involved within firm plus also has all actions related to the firms need plus the requirement towards undertaking smooth endurance. Analysis plus evaluation of all these ethical and even social issues would definitely make sure that firms properly understand and know everything that went incorrect in Rana Plaza and even tries to efficiently keep themselves far away from such similar incident otherwise actions that could affect others in the same w ay. In the next part a firm named Nestle has been taken into consideration and all the actions of firm related to primary ethical concern like CSR plus consumerism, and also environmental friendliness plus beliefs as well as values even has been appropriately considered as such activities will absolutely propel Nestls goals and aims for the future (Brenkert and Beauchamp, 2010). 1. Introducing the incident: The major disaster actually took place in the firm Rana Plaza that is located in Bangladesh. In the incident an eight level building that included six factories just collapsed and fell like house of the cards (Pramanik, Hossain and Azad, 2015). This incident killed somewhat 1,134 workers. This incident has even put a concern on the health plus safety problems in textile industry. This case also forced all the companies to think upon morals plus ethics that they in fact carry plus also that whether original ethics towards the safety as well as security of staffs is being carried out in the firm or not. As an outcome, media, government plus the consumers and also some other stakeholders also are additionally holding the clothing firms accountable for each health as well as safety flouting within all of their chains of supply (Carmody, n.d.). Discussion: As the shareholders who actually belong to the textile sector plus the clothing companies are unlocked to the elements of all the financial plus reputational danger and risks as well as even the fear that arrives from the incidents that are attached to the dangerous working situations at firms working sites intended for production. Thus, investors currently need carrying a noteworthy wager within heartening companies to execute the appropriate health plus safety activities plus practices all through their self and also suppliers functions (Donaldson, 2000).Various factors in fact share liability and burden of the disaster that was observed in Rana Plaza. First of all, Bangladesh which is seen as a province carrying very feeble governance also faces many structural problems like the lack of few genuine rule as plus regulation of law,insufficient and scarce appraisal as well as evaluation procedures, and even generally extra unproductive admittance towards justice intended for victims of work-linked incidents. The company can now try to follow few simple steps as well as attain actually total safety plus security and also can be able of avoiding such cases further. These steps are: Since there exist a weak governance in the country firms can abide by few regulation and rules of the license plus also insurances intended for its staffs plus stakeholders (Duska, 2000) The companies must also have a good structure towards the tasks and works performed within the firm The companies must also lay down some rules plus regulations intended for it as well as try to abide by each of them plus even make all its employees chase the same. Such companies must also try to appropriately indulge a proper assessment plus evaluation procedure where a sensible evaluation of building as well as premises plus all equipments and even tools used within the sites will be taken (Dwyer, 2008). The companies must be extra ethical about providing security and safety to all the staffs as well as must supply all its employees with very good justice as well as equality. Working situations for all workers must be appropriately improved as well as maintained thereafter. Proper ecological standards and benchmarks must be set and also maintained Some energy saving processes must be also implemented at the time of production upon the sites Staffs health as well as safety benchmarks needs to be supported and be very correct arrangements intended for health plus safety of staff that must also be made available (Freeman, 2000) All the same, in instant consequences of plant tragedy, some firms astonishingly spoke incredulity regarding whether factories are literally shaped with all of their goods otherwise it is just a saying.Unquestionably, as a result of the multinational firms which appropriately outsourced the production to countries like Bangladesh, self-existing labors often supplied verdicts in complex as well as imperative supply chains. Companies here must also try to properly understand that price plus cost affects their differentials as well, in fact these were seen the real reason of outsourcing within first place, in midst of totally developed as well as also some developing nations which showed situations within factories which were possibly substandard, along with being only empirical evidence which can also disprove such facts (Heermance, 2002). Recommendation: The firms can in reality sign the Accord upon Building Safety as well as staff security within the firm in Bangladesh that would also allow the employees to break off their work if through any means they feel and sense that their security and safety is being hurt or in under danger. Textile industry even has not really forgotten the Rana Plaza incident. It is indeed vital to repeatedly ask questions as well as seek out brands plus firms that are enthusiastically trying to enhance worker situations (Kilpi, 2002). Conclusion: The vital responsibility for the case that was observed was seen to be upon Bangladeshi government and authorities as they literally failed in properly fulfilling all of their tasks and duties as well as compulsions towards securing plus protecting workers and also making them appropriately aware of incidents as well as risks plus also actions towards shielding lives from all such risks. State of Bangladesh, as per the national as well as international law and rule should really also try to save and secure as well as protect all peoples rights in the authority as they also were ineffective in their accountability which was concerning the granting of rights plus safety to textile industry staffs. 2. Introduction: Nestl is globes largest fast moving consumer goods firm. Nestl actually was originated, and founded as well as headquartered in the Vevey, Switzerland within the year 1906 by the merger of Anglo-Swiss Milk firm and Farine Lacte Henri Nestl firm (Nestle, 2001) Methodology: The method that was used for data and information collection wads the is secondary method for collection. Information and data here were gathered from several secondary resources such as from magazines, website of firms, journals, as well as books. Discussion (Findings): Consumerism- Most critical problems and issues which Nestl has vastly been criticized for past 15 years is promotion of use of the infant formula towards the mothers all across the globe. Several people believe that the strategy of the firm Nestl for promoting all its infant formula actually was deceptive and also harmful that even violates both global Symbols of the Marketing of all substitutes of breast milk and the WHO Code changeable for marketing of the substitutes of breast milk (Moon, 2001). Nestl's promotional campaign encouraged all the mothers throughout the globe for feeding the child with bottle instead of the breast milk, they also used some free samples to chase this mission within the addition Nestl also implies that all the malnourished mothers as well as mothers having twins do not have ability for Breastfeeding their child, despite several international health firms also claimed that actually there is no adequate evidence towards shoring up such statement that could put the mothers as well as the babies existence in danger (Paine, 2000). IBFN which is an Health organization that also disparaged Nestl for the marketing strategy that it adopted. IBFN believed that Nestl was harming as well as misleading mothers through offering them such free samples and packs of milks because they were in hospitals, and as mothers were to be released from the care centers they were to repeatedly buy the Nestl's formula because by the time babies got totally adapted to Nestl's milk. This organization even maintained that the firm Nestl exercised a proper "Humanitarian Aid" towards forming the markets through offering some striking gifts as well as different sponsorships towards influencing the health officials and experts to the market plus endorse its goods through targeting the young mothers who also given birth to newborns (Painter-Morland, 2008) Values - Nestle Business strategies and principles form firms culture which actually has been made and developed over vast period of some 140 years. The firms principles of corporate business are in reality handed out towards its somewhat 282,000 labors with training techniques and tool for spreading out firms core values as well as mission. Company management also is allocated as per its demographic area, with exception of the firm waters plus nutrition that are totally managed by the international department of the firm (Paliwal, 2006). Nestl is very different from other companies. It has a very unique group of values as well as guiding principles which also have been developed and built up since many past years. The firms corporate business and also principles of management plus leadership describe the path through which people all through this firms group interact and communicate with each other every day. The firm believes in people and not in systems. They are also very much to wards creation of value intended for their shareholders yet the firm does not favors fast-wins keeping in stake the long run advantages of the business. Nestle is totally committed towards constant development and growth and is also a pragmatic firm (Pramanik, Hossain and Azad, 2015). Environmental Friendliness- Nestls was actually accused as people of Serra da mantiquira think that the firms action has in reality changed taste of drinking water as well as also over pumping even has caused total dry out upon main area from where water come to the location. The firm used the water resources to supply water and produce mineral bottles of water said as Pure life. Also unfortunately just after analyzing the Nestls act of corporation, ethics were seen to have no place within their firms strategy for long run. Such a reality also influenced the firms repute and even ruined all its position within the market of food and beverage industry. Also after this the firm has to face vast criticism from all the health care and management firms. Though the firm produces its goods and products ethically yet some issues have affected the firm badly and have ruined its reputation (Pramanik, Hossain and Azad, 2015). Recommendation: The firm must take steps towards producing goods ethically The firm must try to advertise more and more for ensuring that its promotional tools engage within themselves the facts about ethical production and carry out Provide few attractive packages to the customers The firm must try to cover itself through ethical management of its resources The firm should try to produce ethically so that it could enhance its reputation(McMahon, 2000). Conclusion: Nestl is amongst world's leading firms of food and actually intends to maintain its repute and remain the same for longer period of time. Its commitment towards higher quality market study will also make sure that it even remains totally aware about the changes within the consumer behavior as well as consumer tastes. There actually have been several reports of the direct advertisement aiming mothers all across the globe in nations like Malaysia, Ireland and South Africa as an outcome advocacy sets and also health organizations blamed Nestl of the unethical procedures of properly promoting the milk it produced s well as demanded the firm to instantly stop its strategies of marketing. References Boatright, J. (2000). Globalization and the Ethics of Business. Business Ethics Quarterly, 10(1), p.1. Brenkert, G. and Beauchamp, T. (2010). The Oxford handbook of business ethics. Oxford: Oxford University Press. Carmody, C. (n.d.). The Shirts on Our Backs: The Rana Plaza Disaster, Interdependence, and the Shifting Locus of Responsibility. SSRN Journal. Donaldson, T. (2000). Are Business Managers "Professionals"?. Business Ethics Quarterly, 10(1), p.83. Duska, R. (2000). Business Ethics: Oxymoron or Good Business?. Business Ethics Quarterly, 10(1), p.111. Dwyer, S. (2008). Thinking ethically in business. Penrith: Humanities-Ebooks. Freeman, R. (2000). Business Ethics at the Millennium. Business Ethics Quarterly, 10(1), p.169. Heermance, E. (2002). The ethics of business. Bristol: Thoemmes Press. Kilpi, J. (2002). The ethics of bankruptcy. London: Routledge. McMahon, T. (2000). Lifeboat Ethics in Business. Business Ethics Quarterly, 10(1), p.269. Moon, C. (2001). Business ethics. London: Economist. Nestle, M. (2001). Food company sponsorship of nutrition research and professional activities: a conflict of interest?. Public Health Nutrition, 4(05). Paine, L. (2000). Does Ethics Pay?. Business Ethics Quarterly, 10(1), p.319. Painter-Morland, M. (2008). Business ethics as practice. Cambridge, UK: Cambridge University Press. Paliwal, M. (2006). Business ethics. New Delhi: New Age International. Pramanik, M., Hossain, M. and Azad, M. (2015). Management of mass casualty in Rana Plaza tragedy, the worst industrial disaster in Bangladesh. Journal of Armed Forces Medical College, Bangladesh, 9(2).