The concept of ‘what matters most
Carefully read the following articles:
1. Kolk, A. (2016), The social responsibility of international business: From ethics and the environment to CSR and sustainable development, Journal of World Business, 51(1), January: 23–34 (Available at: http://www.sciencedirect.com/science/article/pii/S1090951615000632).
2. EurekAlert. (2016), Tough social issues provide a challenge for companies and researchers (Available at: http://www.eurekalert.org/pub_releases/2016-02/e-tsi022216.php).
3. As-Saber, S. (2014). One year on from Rana Plaza collapse, work still to be done, The Conversation, 24 April 2014 (Available at: http://theconversation.com/one-year-on-from-rana-plaza-collapse-work-still-to-be-done-24710).
4. Hammond, L. (2015). Will Green Growth Bolster Bangladesh Garment Exports? (Available at: http://www.just-style.com/analysis/will-green-growth-bolster-bangladesh-garment-exports_id126674.aspx).
Now, based on these readings, respond to the following questions and justify your answers:
1. Should the concept of ‘what matters most’ with respect to human ‘well-being’ become an important consideration for business entities operating globally (refer to Article 1)? Please justify your response.
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2. People around the world are now putting a lot of pressure on companies to "do the right thing". (Articles 1 and 2). In this context, please explain the responses from major readymade garment (RMG) retailers to the “Rana Plaza” disaster in Bangladesh (Refer to Articles 3 and 4). Have they done the "right thing” so far?
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3. In the context of the RMG industry in Bangladesh, do you consider “green factories” a new business model for growth (Article 4)? justify your answer.
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4. Will sustainable and ethical RMG production in Bangladesh will help major retailers to become more sustainably and ethically responsible as well? explain.
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