3. Primark
Industry Retail
Parents Associated British Foods
Founder Arthur Ryan, June 1969
Headquarters Dublin, Ireland
Number of Locations
Area served
Products
Number of Employee
296 stores
Western Europe & United States
⢠Clothing
⢠Home-ware
⢠Cosmetics
51,250
4. We have studied âPrimarkâ
Topics cover our studyâŚ
ď´Business ethics
ď´Corporate Social Responsibility
ď´Ethics in practice
ď´Costs of ethical behaviour
5. Business ethics
Business ethics are moral principles that guide
the way a business behaves. Acting in an
ethical way involves distinguishing between
ârightâ and âwrongâ and then making the
ârightâ choice.
ď§ For Examples
ď´A business ensures safety of its employees.
ď´An environment friendly business practice.
7. Corporate Social Responsibility (CSR)
Corporate social responsibility (CSR) refers to a
business practice that involves participating in
initiatives that benefit society. Liz Maw, CEO of
nonprofit organization Net Impact, noted that CSR
is becoming more mainstream as forward-thinking
companies embed sustainability into the core of
their business operations to create shared value
for business and society.
8. Importance Business Ethics
ď§ An ethically running business can
achieve-
ď´Increased brand image
ď´Customer satisfaction and retention
ď´Reduced employee turn-over
ď´Sustainable growth
9. Cost of Ethical Business Practice
ď´Cost of ethical practices may occur
in the ways
ď´Stuffing the ethical team.
ď´Operational costs, in Primark
⢠the employment of the global Ethical Trade team
⢠training its buyers on all ethical trade issues
⢠managing and paying for external audits
⢠helping suppliers put right issues raised by audits,
through training and support from the Primark Ethical
Trade team.