Eth/316 Week 3 Ethical Perspectives Paper
Ethical Perspectives
Thomas Wolfe
ETH 316
May 8, 2013
Michael Turner
Ethical Perspectives
Introduction
Over the last 20 years, many corporations of the United States have moved their factories overseas as a way of reducing taxes, avoiding strict government regulations, and reducing overall costs. Nike Inc. is no different. They have hundreds of factories in various countries like South Korea, China, Vietnam, Taiwan, Pakistan and China. US based companies view this as an opportunity fulfil the consumers’ needs while maintaining much lower costs of production. The poor decisions of these corporations have been highlighted by the media with Nike getting a major portion of the scrutiny and highly criticized based on its organizational culture. Issues that have …show more content…
Since the beginning, Nike has ventured into other countries outside the United States. The Nike Corporation was founded by Bill Bowerman and Philip Knight. The company headquarters is in Beaverton, Oregon and its expansion to other countries is with the aim of reaching the untapped markets around the world in order to increase its …show more content…
Nike makes a great product with very low costs, they have the best athletes in the world wearing their gear, and they have Phil Knight, who was just inducted into the advertising hall of fame, as an advertising guru. These three factors make Nike almost impossible to compete with. The cost advantage of moving the factories overseas is exponential and provided a pathway for the corporation to enter new emerging markets. The moving of these plants may seem unethical to some people but the decision was made for the best interest of the business. No one can be a winner when the company has lost its competitiveness in the industry (Etienne, and Lewis,
Thomas Wolfe
ETH 316
May 8, 2013
Michael Turner
Ethical Perspectives
Introduction
Over the last 20 years, many corporations of the United States have moved their factories overseas as a way of reducing taxes, avoiding strict government regulations, and reducing overall costs. Nike Inc. is no different. They have hundreds of factories in various countries like South Korea, China, Vietnam, Taiwan, Pakistan and China. US based companies view this as an opportunity fulfil the consumers’ needs while maintaining much lower costs of production. The poor decisions of these corporations have been highlighted by the media with Nike getting a major portion of the scrutiny and highly criticized based on its organizational culture. Issues that have …show more content…
Since the beginning, Nike has ventured into other countries outside the United States. The Nike Corporation was founded by Bill Bowerman and Philip Knight. The company headquarters is in Beaverton, Oregon and its expansion to other countries is with the aim of reaching the untapped markets around the world in order to increase its …show more content…
Nike makes a great product with very low costs, they have the best athletes in the world wearing their gear, and they have Phil Knight, who was just inducted into the advertising hall of fame, as an advertising guru. These three factors make Nike almost impossible to compete with. The cost advantage of moving the factories overseas is exponential and provided a pathway for the corporation to enter new emerging markets. The moving of these plants may seem unethical to some people but the decision was made for the best interest of the business. No one can be a winner when the company has lost its competitiveness in the industry (Etienne, and Lewis,