Question: A clothing company has just received an offer from a business in Bangladesh to manufacture its work gloves. The offer would allow for substantial cost savings over the current supplier. The president, however, has read reports that some Bangladesh businesses break their own laws and operate with child labor. How differences in corporate responsibility strategies would affects the president’s decision regarding whether to accept the offer.
To hold and maintain a clothing company by making gloves would make a hit in the colder areas of the world. However, situations occurring whereas business are not aware of companies that are using illegal ways to produce their merchandise is quite more common than people expect. Although using these sources are going to make the company save a lot of money while the product is going to be the same quality, the company is at risk at having a bad Representation, support, and just a bad overall view on how the company is. I would like to review managing skills and a certain company that has actually been through this same situation.
Management in business and organizations is the function that coordinates the efforts of people to accomplish goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization or initiative to accomplish a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources. Management is also an academic discipline, a social science whose object of study is the social organization. As comparing to my other class in marketing, marketing plan may be part of an overall business plan. Solid marketing strategy is the foundation of a well-written marketing plan. While a marketing plan contains a list of actions, a marketing plan without a sound strategic foundation is of little use.