I need help with the attached assignment. Please include in-text citations
I need help with the attached assignment. Please include in-text citations
as well as a reference list. I have also attached the chapter textbook which needs to be referenced. Thanks for your help.
Saylor URL:http://www.saylor.org/booksSaylor.org313Chapter 10Leading an Ethical Organization: CorporateGovernance, Corporate Ethics, and SocialResponsibilityLEARNING OBJECTIVESAfter reading this chapter, you should be able to understand and articulate answers to the followingquestions:1.What are the key elements of effective corporate governance?2.How do individuals and firms gauge ethical behavior?3.What influences and biases might impact and impede decision making?TOMS Shoes: Doing Business with SoulUnder the business model used by TOMS Shoes, a pair of their signature alpargata footwear isdonated for every pair sold.Image courtesy of Parke Ladd,http://www.flickr.com/photos/parke-ladd/5389801209.
Saylor URL:http://www.saylor.org/booksSaylor.org314In 2002, Blake Mycoskie competed with his sister Paige onThe Amazing Race—a reality show wheregroups of two people with existing relationships engage in a global race to win valuable prizes, with thewinner receiving a coveted grand prize. Although Blake’s team finished third in the second season of theshow, the experience afforded him the opportunity to visit Argentina, where he returned in 2006 anddeveloped the idea to build a company around the alpargata—a popular style of shoe in that region.The premise of the company Blake started was a unique one. For every shoe sold, a pair will be given tosomeone in need. This simple business model was the basis for TOMS Shoes, which has now given awaymore than one million pairs of shoes to those in need in more than twenty countries worldwide.[1]The rise of TOMS Shoes has inspired other companies that have adopted the “buy-one-give-one”philosophy. For example, the Good Little Company donates a meal for every package purchased.[2]Thisbusiness model has also been successfully applied to selling (and donating) other items such as glassesand books.The social initiatives that drive TOMS Shoes stand in stark contrast to the criticisms that plagued NikeCorporation, where claims of human rights violations, ranging from the use of sweatshops and child laborto lack of compliance with minimum wage laws, were rampant in the 1990s.[3]While Nike struggled towin back confidence in buyers that were concerned with their business practices, TOMS social initiativesare a source of excellent publicity in pride in those who purchase their products. As further testament totheir popularity, TOMS has engaged in partnerships with Nordstrom, Disney, and Element Skateboards.Although the idea of social entrepreneurship and the birth of firms such as TOMS Shoes are relativelynew, a push toward social initiatives has been the source of debate for executives for decades. Issues thathave sparked particularly fierce debate include CEO pay and the role of today’s modern corporation. Morethan a quarter of a century ago, famed economist Milton Friedman argued, “The social responsibility ofbusiness is to increase its profits.” This notion is now being challenged by firms such as TOMS and theirentrepreneurial CEO, who argue that serving other stakeholders beyond the owners and shareholders canbe a powerful, inspiring, and successful motivation for growing business.
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