Hello im new to a-level business and its hard for m to pick up as im new to this subject and also did not study business in igcse, so my question is that ho w to answer 10 mark questions for example;
Evaluate the impact of Ethical Approach on a business. (10 marks)
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- 18-09-2016 12:22
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- 20-09-2016 13:40
Sorry you've not had any responses about this. Are you sure you've posted in the right place? Here's a link to our subject forum which should help get you more responses if you post there.
Just quoting in Fox Corner so she can move the thread if needed
Spoiler:Show(Original post by Fox Corner)
- 30-09-2016 05:55
I'm beginning to thing you write these posts just to get your post count up!
OP, research the benefits of CSR, particularly in today's world of socialmedia. Look at negative examples; like the L’Oréal boycott's when they tookover Body shop (a company who boasted not testing on animals acquired by a onewho's notorious for it). In the other hand, look at the backlash when Nestletried to sue Ethiopia during one of their worst-ever famines - even though Nestlehad the right to sue. Ultimately they donated the money to famine reliefcauses...
Ethical approaches pay dividends; ethics and responsible practice shouldn'tbe seen as window dressing and rhetoric. It has a massive impact on customerretention and sales revenue (through boycotts and buycotts) andinvestor-relations.
Good examples include Mecca Cola buycott (running parallel to a Coca Colaboycott - which Coca Cola ignores as it doesn't want to be the big corporategiant taking on the little man) which copies Coca Cola buy donates its profitsto Palestinian projects among other things and is a revolt towards Western(American) Imperialism. There are countless examples of investor-relationsfailing due to unethical practices too; and not just with products, think aboutwhen celebrities or athletes lose sponsorship due to unethical behaviour!
I'd also look over your Intended Learning Outcome's to ensure you tick allthe boxes there too.