U2-1 Ethical practice

jadepalmer98
Mind Map by , created about 6 years ago

GCSE Business Studies (Unit 2 (Growing a business)) Mind Map on U2-1 Ethical practice, created by jadepalmer98 on 10/19/2013.

43
1
0
jadepalmer98
Created by jadepalmer98 about 6 years ago
Business Studies Unit 1
kathrynchristie
Business Studies - AQA - GCSE - Types of Ownership
Josh Anderson
Business Studies GCSE
phil.ianson666
AQA GCSE Physics Unit 2.2
Matthew T
1PR101 2.test - Část 19.
Nikola Truong
Business Studies Unit 8 Finance Part 1
jadepalmer98
3.1 Keywords - Marketing
Mr_Lambert_Hungerhil
Business Studies Unit 1
emily.mckechnie
Business Studies Unit 2
tara.springate
Marketing - Business Studies
me3zer
U2-1 Ethical practice
1 Corporate Social Responsibility (CSR)
1.1 C - Business wide, whole corporation
1.2 S - Society
1.3 R - Taking ownership of actions
2 Why be ethical?
2.1 Laws on environmental protection are stronger
2.1.1 Fine and loss of reputation
2.2 Widespread public support against waste/ climate change
2.2.1 Good publicity
2.3 Consumers putting pressure on firms, how?
2.3.1 Not buying products
2.3.2 Complaining
2.3.3 Writing to newspapers/ telling journalists
2.3.4 Protesting
3 Ethical Practise

Annotations:

  • - Recycling waste - Using recycled materials - Donating to charity - Supporting/ sponsoring charity events - Fair wages for staff - Fair working hours - Safe working conditions - Not polluting the air/river
4 Unethical practise

Annotations:

  • - Using sweatshop conditions - Low or no pay - Forced labour - Unsafe working conditions - Polluting environment - Sponsoring wrong/ inappropriate organisations - Underage workers  - Wasting materials - inefficiency - Animal testing - Blatant extortion - Broken/ dangerous/ low quality products
5 Advantages
5.1 Can increase long term profits
5.2 Other ethical firms will want to do business with you
5.3 Workers more motivated
5.4 Government more likely to give contracts
5.5 Consumers might prefer your business
5.6 Develop a good relationship with suppliers
6 Disadvantages
6.1 Reduces short-term profits - dearer materials etc
6.2 Paying wages above NMW is expensive
6.3 Not bribing to win contracts - lost sales
6.4 End up paying more for supplies
7 Examples
7.1 McDonalds in Europe aimed to achieve 100% sustainable packaging by 2010
7.2 Nestle were found to be causing mass deforestation, after protest by greenpeace now using environmentally friendly oil

Media attachments