sourcing philosophy nike inc
The sourcing philosophy of corporate social responsibility is the identification process of the role of the organization’s presence and continued growth within a community. It involves numerous activities, all defined by the respective industry of the organization. Creating positive impacts is the objective of any organization. Therefore, by implementing a sourcing philosophy, the result may include strengthened local economies and motivating creativity. The organization will present a proactive approach toward helping the local community.
The footwear company assessed was Nike Inc., one of the critical aspects of the company’s code of ethics was the appreciation of its primary competition. They address the notion by identifying the lack of motivation to utilize unethical strategies for competitive advantage (Nike Inc., 2020). The employees are expected to be loyal to the company as well as its consumers. The organization also favors a discrimination-free and open working environment. The code of ethics is specific to sexual, racial, ethnic, or political discrimination (Nike Inc., 2020). Finally, the business enforces its commitment to ensuring the environment is protected. The company enforces the code by committing all its outlets to adhere to health and safety regulations. The consumers benefit as they receive quality services and product customer services (Nike Inc., 2020). Additionally, the commitment to environmental preservation promotes consumers to recycle the packaging.
The label on the clothing examined identified the cloth was manufactured in the people’s Republic of China. Supporting evidence is the country of manufacture as well as the mandarin translation on the back of the tag. The main advantage of producing clothes from China is the low cost of labor, as well as exporting tariffs (Globerman and Vining, 2017). Therefore, it is cheaper to manufacture and import from China compared to insourcing the commodities. The main disadvantage of such approaches to manufacturing is the reduction in quality and counterfeits.