Ethics on hiring Chinese labors at cheaper wage rates
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Strategic Management; Business Ethics section covered.
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Ethics on hiring Chinese labors at cheaper wage rates
- 1. ETHICAL ISSUE Prepared for: Mr. Md. Hannan Miah Section 5 Prepared by: Group# 02
- 2. ETHICAL DILEMMA & ISSUE Dilemma • Opening a subsidiary in China • Minimum wage rate • Working hours: 10, Days: 6 • Environmental Degradation • Difference in China’s Ethical norms Issue • Substandard working condition • Environmental Degradation • Ethical Relativism
- 3. VICTIMS AND ALTERNATIVES Negatively Affected: Labor group • Minimum wage rate • Substandard working conditions • “mandatory overtime” Alternatives: • Good: introducing ethical pluralism • Bad: achieve objective through labor exploitation
- 4. LEGAL OR EFFICIENCY Objective: Lowering manufacturing costs. Ethically, • Economic unit • Generating employment Legally, • codifications of society’s moral views Morally, • Exploiting labors for firm’s interest.
- 5. FACTS • Relevant: Substandard working condition • Solution: Hire pressure group FACTS: • Violation of moral imagination or personal integrity • Acceptance in terms of Chinese ethical norms
- 6. PLAYERS & CONCERNS Players • Labors • Shareholders • Customers • Expatriate Manager Concerns • Ethical and philanthropic responsibility • Maximize shareholder’s value • Strategy for customers • Brand Image
- 7. OPTIONS • Relativism • Absolutism • Fringe benefits • Standardized Working condition
- 8. EVALUATION OF OPTIONS • Utilitarian approach • Rights approach • Justice approach • Common Good Approach • Virtue Approach Best Approach: Utilitarian approach
- 9. OTHER’S VIEW & IMPLEMENTATION Optimistic: Ethical and philanthropic responsibility IMPLEMENTATION • Belongingness • Follow through • Codes of conduct
- 10. RESULTS • Difference in Business ethics • Same Personal Ethics • Standardize Code of conduct • Corporate responsibility All crucial for earning a repudiated brand image
- 11. THANK YOU