Nike’s involvement in unethical practices

Nike’s involvement in unethical practices Nike is known to engage in quite unethical behaviors such as force advertisement which target to give the company big…

Nike’s involvement in unethical practices

Nike is known to engage in quite unethical behaviors such as force
advertisement which target to give the company big sales without regard
for the welfare of its employees. The company is known to operate
sweatshops in poor countries where it underpays workers and subjects
them to harsh working conditions. These practices have seen the sales of
this company dive over the last several years. For these unethical
practices also, Nike has been struggling with the problem of excess
inventory in various countries. This has been occasioned by a decline in
the number of people who prefer the companys products. Corporate Social
Responsibility (CSR), also called corporate citizenship is a type of
self regulation which businesses are required to practice. It is a
policy which requires businesses to monitor their activities so as to
ensure that they are in compliance with the spirit of the law, ethical
standards and international norms. These are activities which focus on
benefiting the communities of the area from which the company operates
while at the same time taking care of the environment (Hollensen, 2014).
Different countries have different requirements as far as corporate
social responsibility goes. China for instance defines good CSR
practices as ones which involve socially responsible behaviors. A
socially responsible company here makes safe as well as high quality
products. Germany on the other hand considers a good CSR practice as one
which promotes secure employment. In South Africa, it involves a
positive contribution to the social needs of the society. These social
needs are considered to be health care and education. The most popular
approach to responsible corporate social responsibility emphasizes on
corporate philanthropy
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