JOE FRESH

Joe Fresh
Student’s Name
Institutional Affiliation

Joe Fresh
Part 1
For multinationals operating in the global markets, ethical issues continue to pose challenges. It becomes difficult to determine what is moral and what is not, especially when the company is a foreigner in another country. To decide what is ethical and what is not, both the company and the ethical values of the local companies must be considered. In Japan, for example, natives consider laying workers off an unethical behavior. However, it is a legal procedure for a company to conduct downsizing operations based on the prevailing financial and operational circumstances (Minus, 2013). Therefore, both the company and the local communities determine what is moral and what is not immoral. At times, the company has to familiarize with the socioeconomic norms of the country to align its strategic plans with the local ethical environment.
Part 2
After a company strategy that claimed 1135 lives, Joe Fresh still manufacturers clothes in Bangladesh (Sister, 2014). From an ethical perspective, the company is morally justified to continue with its business operations. The collapsed building might have been due to professional negligence on the part of the company, and it had to take responsibility for the incident. However, manufacturing clothes is not an unethical activity. What the company must do is to ensure that a repeat of such an incident does not occur. As long as the company observes the safety and the security measures, the cloth manufacturing process benefits both Joe Fresh and the people of Bangladesh.

Part 3
In the year 2016, Wells Fargo lost faith in its customers, who created fake accounts. Despite this unethical behavior on the part of the consumers, the company needed the employees to keep its operations going. There was an ethical concern on whether to shut down all the accounts or continue with the operations as if nothing happened. The company had to shut down the suspected accounts, leading to revenue reductions. Wells Fargo, however, went an extra mile to charge 570,000 consumers for unnecessary auto insurance. It had been occurring until in 2017 the company stated that it would compensate $80 million in remediation.

References
Top of Form
Minus, P. M. (2013). The Ethics of Business in a Global Economy. Dordrecht: Springer Netherlands.
Sister, J. (2014). Joe Fresh continuing garment business in Bangladesh a year after tragedy. CBC. Retrieved on September 23, 2018, from https://www.cbc.ca/news/world/joe-fresh-continuing-garment-business-in-bangladesh-in-year-after-tragedy-1.2606120