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Though Toys ‘R’ Us has recently announced bankruptcy and closures of its stores, a business ethics situation has arisen related to the compensation packages given by the company to its executives. As Held (2017) points out, “a bankruptcy judge has granted struggling retailer Toys R Us permission to pay millions of dollars in bonuses to executives after the company argued it was necessary to motivate its top brass during the critical holiday shopping season.” The problem, as Judy Robbins of the Justice Department’s U.S. Trustee Program has shown, is one of accountability. Ethically speaking, the bankruptcy court’s allowance of this goes against all sense of ethics and how a corporation should be expected to govern itself and be accountable to shareholders. But it also goes against the Bankruptcy Code as Robbins notes: “It defies logic and wisdom, not to mention the Bankruptcy Code, that a bankrupt company would now propose further multi-million dollar bonuses for the senior leadership of a company that began the year with employee layoffs and concludes it in the midst of the holiday season in bankruptcy” (Held, 2017). The ethical issue at stake with Toys ‘R’ Us giving millions to its executives is that while the company closes its stores and lays off thousands of employees across the States it has the temerity to reward and “motivate” its executives with big, fat bonuses—all while shareholders and lower level workers are shafted...
The idea of corporate social responsibility is one that has gained popularity over the years because it puts companies on a pedestal, which is rightly so, because corporations serve the interests of so many stakeholders that they deserve to have the spotlight shown on them—and they also have a duty to do what is right by the communities that they serve. Were it not for the communities in which the corporations are situated, the corporations would not be in operation. Business is not a zero sum game but rather a process by which something that benefits the community is provided by workers who have the skill and ability to provide the good or service. In so doing, both community and business depend on one another. A corporation that takes advantage of stakeholders so that a handful of executives at the top of the pyramid benefit while all those below them are left in the cold, that corporation can be seen as unethical. Accountability is an ethic that companies must possess in order to be viewed as good for the community.
For a corporation to be ethical in terms of demonstrating corporate social responsibility it should engage in practices that promote the “social, environmental and economic environment in which” the business operates (Castka, Bamber, Sharp, 2005, p. vii).…
Toy Industry in Hong Kong Hong Kong Toy Industry The world toy industry in the world is growing tremendously and hence the need by many nations to invest in the sector. Among the nations, Hong Kong has been at the lime light, especially for being the leading economy in the industry. In conjunction with the Chinese mainland, the total accountability amount to 75% of the toys manufactured. The success of the operations
The imminent matter of concerns to be sorted out by the manufacturer includes, Selection of a retailer or distributor having good and strong public relations. Cater for logistics, shipment issues when the retailer network expands / Time dilation. Mere incentives offered by the retailers as compare to Super Market Giants. The public and market repute of the retailer has to be thoroughly reviewed. The standards of the products aren't solely derived from its
The combined sales from Wal-Mart and Toys 'R Us account for a smaller percentage than these other distribution channels. Another alternative may be to establish their own category killer store to replace Toys 'R Us. However, this is a risky move and is capital intensive. They would have to make certain that the market would be willing to accept this alternative. This alternative would require a heavy capital outlay and
" Green stated loss leaders in particular have a drastic effect on those brands that are deeply discounted in the process. According to Green, when consumers see such deep discounts on specific toy items, there is an assumption that such toys are "fads," or popular only in the short-term. Particularly, if other retailers respond to such deep pricing gashes, as did many retail toy outlets in response to Wal-Mart in
Wal-Mart and the Loss Leader Concepts' Impact on Distribution Wal-Mart's use of loss-leader pricing strategies in their toy retailing operations is detrimental to the long-term viability of the toy industry and ironically, to Wal-Mart itself. This loss-leader approach to pricing toys below their cost to drive up traffic in their retail stores is flattening the elasticity curve of newly-introduced toys and causing manufacturers to second-source and often move their manufacturing off-shore,
The following multimodal evaluation procedure is recommended for Carlos: Semi-Structured Clinical Interview The foremost component of an informal evaluation of traumatized individuals entails semi-structured interviewing, in which the following details of the patient ought to be garnered: • Demographic facts • Employment history • Medical history • Educational history • Social history and • Several specific facts. Such an interview must be closely founded on minor and major trauma disorder facets (James, 2008). Particular questions to be posed