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Understanding Management (MindTap Course List)
10th Edition
ISBN: 9781305502215
Author: Richard L. Daft, Dorothy Marcic
Publisher: Cengage Learning
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Question
Chapter 4, Problem 3OTJVC
Summary Introduction
To determine:
What fair trade mean to the leaders at Theo and what would happen if fair trade goals conflict with a company's primary responsibility to be profitable.
Concept Introduction:
There are ten principles that World fair Trade Organization (WFTO) prescribes which must be followed by the world trade organizations in their day-to-day tasks and activities and are monitored well to ensure that they are being followed up by all of their employees.
These ten principles of fair trade include:
- Creating Opportunities for Economically Disadvantaged Producers.
- Fair Trading Practices.
- Transparency and Accountability.
- Fair Payment.
- Follow Non Discrimination, Gender Equity and Women's Economic Empowerment, and Freedom of Association practices.
- Ensuring no Forced Labour and Child Labour.
- Developing skills and capabilities.
- Ensuring Good Working Conditions.
- Impact on the Environment.
- Promoting Fair Trade.
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Chapter 4 Solutions
Understanding Management (MindTap Course List)
Ch. 4 - Prob. 1OTJVCCh. 4 - Prob. 2OTJVCCh. 4 - Prob. 3OTJVCCh. 4 - Prob. 1DQCh. 4 - Prob. 2DQCh. 4 - Prob. 3DQCh. 4 - Prob. 4DQCh. 4 - Prob. 5DQCh. 4 - Prob. 6DQCh. 4 - Prob. 7DQ
Ch. 4 - Prob. 8DQCh. 4 - Prob. 9DQCh. 4 - Prob. 10DQCh. 4 - Prob. 1SLCh. 4 - Prob. 2SLCh. 4 - Prob. 3SLCh. 4 - Prob. 4SLCh. 4 - Prob. 5SLCh. 4 - Prob. 6SLCh. 4 - Prob. 7SLCh. 4 - Prob. 8SLCh. 4 - Prob. 9SLCh. 4 - Prob. 10SLCh. 4 - GROUP LEARNING Current Events of an Unethical...Ch. 4 - Prob. 1ALCh. 4 - Prob. 2ALCh. 4 - Prob. 3ALCh. 4 - Prob. 4ALCh. 4 - Prob. 5ALCh. 4 - Prob. 1EDCh. 4 - Prob. 2EDCh. 4 - Prob. 3EDCh. 4 - Prob. 1CFCACh. 4 - Prob. 2CFCACh. 4 - Prob. 3CFCA
Knowledge Booster
Similar questions
- After reading this chapter, what are major insights you have about ethics and CSR?arrow_forwardWhat is the difference between stakeholders and stockholders?arrow_forwardWhat are the most important ethical considerations that managers must take into account when making business decisions, and how can they balance competing priorities and obligations to ensure that their actions align with their values?arrow_forward
- What is the best way for companies to find a balance between profit and social responsibility?arrow_forwardWhat is corporate governance? Why is corporate governance an important concern for companies pursuing the social responsibility approach? How does it improve or change the nature of executive and managerial decision-making?arrow_forwardDescribe the benefits of having a single ethical standard?arrow_forward
- Who, within an organization, is best placed to compile a CSR report? What skills do you think are necessary?arrow_forwardAs a strategic leader, what actions could you take to establish and emphasize ethical practices in your firm?arrow_forwardWhy do some firms, industries, and cultures have different CSR thresholds than others? What are some examples of firms, industries, and cultures with different CSR thresholds?arrow_forward
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