This report is for the retail industry which sells goods to consumers on a large scale through several channels to earn profit at the end. This report will engage on how to reduce the amount of unethical practices and to make it more effective and efficient through the supply chain management. The retail market is a wide scale business with providing finished goods for consumers around the world through several ways of channels. In this time, to mention is the great impact of COVID-19, an infectious virus which has made normal life to a halt for many people all over the globe. There are many news articles in this period to discuss which will be done in this assignment below. Impacts include goods not being able to reach the desired destination due to disruption of transport, air travel etcetera. Furthermore, the components of business ethics play a vital role in incorporating and implementing certain measures.
Table of Contents
- Introduction
- Corporate Responsibilities
- Ethical Practices
- Corporate Social Responsibility
- Benefits of Ethical Practices
- Supply Chain Sustainability
- Role of Media
- Solutions for Sustainable Supply Chain
- Stakeholder Influence
- Conclusion
Objectives and Key Themes
This report aims to analyze ethical practices and their implementation within the retail industry's supply chain management, focusing on minimizing unethical practices and enhancing efficiency. The report explores how to address challenges posed by events like the COVID-19 pandemic, which disrupted global supply chains.
- Ethical practices and their impact on business performance
- Corporate social responsibility and its role in supply chain management
- The influence of stakeholders on ethical practices and sustainability
- The impact of media on business ethics and social responsibility
- Strategies for achieving sustainable supply chains
Chapter Summaries
- Introduction: Introduces the report's focus on ethical practices in the retail industry's supply chain, highlighting the impact of events like the COVID-19 pandemic. It defines supply ethics and its importance in the context of global retail.
- Corporate Responsibilities: Examines the concept of corporate responsibility and its connection to ethical behavior. Discusses the role of corporate social responsibility (CSR) and ethical theories in influencing business practices.
- Ethical Practices: Discusses the significance of ethical practices within supply chains, highlighting the pressures faced by businesses to uphold social and environmental responsibility. Introduces the "triple bottom line" concept of people, planet, and profit.
- Corporate Social Responsibility: Defines corporate social responsibility (CSR) and its importance in promoting societal value. Examines the role of CSR initiatives in achieving a competitive advantage.
- Benefits of Ethical Practices: Explores the benefits of ethical practices, including improved trade benefits, enhanced product quality, and increased customer trust. Emphasizes the connection between ethical practices and business performance.
- Supply Chain Sustainability: Discusses the growing importance of sustainable supply chains, highlighting the need for businesses to address environmental, social, and economic concerns. Explains the three key components of sustainability.
- Role of Media: Examines the increasing influence of media on business and society, highlighting the role of social media in promoting business practices and showcasing CSR initiatives.
Keywords
This report focuses on the key themes of ethical practices, corporate social responsibility (CSR), supply chain management, sustainability, and the role of media in shaping business ethics. The report examines how businesses can adopt ethical practices, integrate CSR into their operations, and achieve sustainable supply chains while navigating the challenges posed by stakeholder influence and media scrutiny.
- Quote paper
- MR PRASANNA VENKATESAN MEENAKSHISUNDARAM (Author), 2019, The Structure of CSR for McDonalds, Munich, GRIN Verlag, https://www.grin.com/document/1234487
