Global Compact Principles
Dear XXX
I am writing the letter to provide several recommendations for Louis Vuitton based on a series of analysis of Global Compact Principles. In contemporary periods, the behaviors of business ethics and social corporate responsibility have been regarded as one source of competitive advantages for the majority of multinational firms. In other words, the companies are more willing to follow the principles of Global Compact in order to build up the competitiveness for achieving long-term benefits. In the following parts, I will list the key point of Global Compact Principles. In addition, two principles which have been followed well by the company will be described and another two principles …show more content…
To be more exact, Nike can be regarded as one typical negative example, since the company has not only failed to provide safe work environment, but also signed contracted with the cotton factories hiring slave labor. For example, according to the report of international business times (2013), the factories of Nike in Cambodia are suffering from various strikes because Nike paid low income and provided terrible working environment. As a result, the strikes had resulted 23 people injured and the employment relationships are definitely in trouble. Also, Nike does not show its social environmental responsibility in Cambodia, which means it only, regards the Cambodia as the cheap labor source without any human rights protection and environmentally obligation. For another thing, another negative example is Gucci which is the major competitor of LV in the world (Gucci 2013). The company of Gucci had troubles since excessive leather goods have been used, and it is the major reason of increasing deforestation nowadays. It is also the negative issue of the whole luxury industry, since the fashionable products are all at the expense of killing wildlife animals (Global Exchange 2013). The behavior can be regarded as the significant factor to hurt the planet, so that it is necessary to pay more attention on …show more content…
To be more exact, on the one hand, the animal protection organizations are continually against the expensive products of LV, since the company is using a lot of leather for manufacturing. Thus, the business activities of LV have slightly violated the principle of environmental principle, even though the utilization of leather can be referred as the tradition in luxury industry. On the other hand, according to the number 9 principle, it is significant for the company to encourage the environmentally friendly technologies. The current strategies of Louis Vuitton have no relevant support for the principle yet. In that case, your company recently chooses to ignore the environmental responsibilities and take no effective measures to attempt to deal with the increasing serious environmental
I am writing the letter to provide several recommendations for Louis Vuitton based on a series of analysis of Global Compact Principles. In contemporary periods, the behaviors of business ethics and social corporate responsibility have been regarded as one source of competitive advantages for the majority of multinational firms. In other words, the companies are more willing to follow the principles of Global Compact in order to build up the competitiveness for achieving long-term benefits. In the following parts, I will list the key point of Global Compact Principles. In addition, two principles which have been followed well by the company will be described and another two principles …show more content…
To be more exact, Nike can be regarded as one typical negative example, since the company has not only failed to provide safe work environment, but also signed contracted with the cotton factories hiring slave labor. For example, according to the report of international business times (2013), the factories of Nike in Cambodia are suffering from various strikes because Nike paid low income and provided terrible working environment. As a result, the strikes had resulted 23 people injured and the employment relationships are definitely in trouble. Also, Nike does not show its social environmental responsibility in Cambodia, which means it only, regards the Cambodia as the cheap labor source without any human rights protection and environmentally obligation. For another thing, another negative example is Gucci which is the major competitor of LV in the world (Gucci 2013). The company of Gucci had troubles since excessive leather goods have been used, and it is the major reason of increasing deforestation nowadays. It is also the negative issue of the whole luxury industry, since the fashionable products are all at the expense of killing wildlife animals (Global Exchange 2013). The behavior can be regarded as the significant factor to hurt the planet, so that it is necessary to pay more attention on …show more content…
To be more exact, on the one hand, the animal protection organizations are continually against the expensive products of LV, since the company is using a lot of leather for manufacturing. Thus, the business activities of LV have slightly violated the principle of environmental principle, even though the utilization of leather can be referred as the tradition in luxury industry. On the other hand, according to the number 9 principle, it is significant for the company to encourage the environmentally friendly technologies. The current strategies of Louis Vuitton have no relevant support for the principle yet. In that case, your company recently chooses to ignore the environmental responsibilities and take no effective measures to attempt to deal with the increasing serious environmental