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Blogs reffered to:
http://www.bcbusinessonline.ca/human-resources/gm-close-oshawa-plant

After reading this blog i analyzed that these companies like RIM, GM motors are laying off workers without considering the negative impacts of this decision on the lives of these workers. Question which struck my mind was, should companies just consider about profits or other aspects as well when making the decision weather to shut down a company or continue its activity.

Shutting might be a normal thing as it would save these companies in dollars but will this decision exceed the social costs? Thats the question these companies should emphasize on as it does not only affect the workers, it affects everyone related to them. Each and every family members gets affects.

GM motors has closed its plant which will cut 2000 jobs, means will affect 2000 families. It will be very hard for them to settle again as most of them are not very skilled. GM’s this act can affect its sales if considered from the point of view of corporate social responsibility.

Women Entrepreneurship in 3^rd world countries

“Entrepreneurs” in 3^rd world countries e.g. Bangladesh, Pakistan etc. is mostly referred to males. Women entrepreneurship is highly discouraged in such countries and there are not many facilities to help this sector grow.

According to a research it is said that there are particular industries e.g. sewing; women have more skills to manage it as compared to men. There is a huge market of hand made cultural carpets and silk shawls all over the world but this industry is not expanding because of lack of encouragement for women. Women have artistic minds and designing skills but lack of facilities and negative mind-set are the hurdles in such countries.

Government and other institutions should create awareness regarding women entrepreneurship and other concerned departments should give extra facilities to the upcoming women who are taking steps in order to increase women entrepreneurship. Women ratio is very high in such countries; encouragement can give a boost to the countries GDP. It will also lower the dependency ratio thus easing the burden on the government.

Blog is referred to:

https://blogs.ubc.ca/alfredfan/2012/10/09/the-ethical-issues-of-sanctions/

Alfred’s views are totally respectable and I agree that such sanctions no matter which ever countries imposes it, in the end it is a great source of destruction. As Alfred mentioned about Akbar Mohebi, because of this act who was not able to pay fees of his children studying abroad. This is just one family; millions of families get affected in different ways as a result of such cruel sanctions.

We all should consider the negative impacts of sanctions, as they don’t help in making things better rather they ruin it further. They are a great source of hatred specially in heart of those who get affected directly e.g. someone dies because of starvation, someone’s future gets at risk etc.

The authorities should find out alternatives to solve these matters instead of punishing general public because of something they haven’t been part of.

Respond to blog post:

https://blogs.ubc.ca/tanvirtoor/2012/09/12/horrific-working-conditions-for-those-working-at-apple-factories/

I totally agree to Tanvir, big companies like apple are not providing proper working conditions to its employees; its biggest example is the Fuxconn factory where all these latest apple gadgets are produced. The outputs of the factory are outstanding but the inputs are horrible.

Workers are forced to work for continuous long hours without any break; they are bound to live in the accommodations provided by the factory which are occupied by the indecent smells, harmful insects etc. Such conditions clearly lower the morale of the workers and demotivates them but due to no other source of bread and butter they continue working in this environment.

These big firms should realize that although such conditions lower their production costs and allows them to earn huge short-term profits but it is their long-term loss. As I am very fond of apple products but after reading the article regarding Fuxconn Apple’s image totally shattered in front of me and if apple keeps continuing this with its workers I would stop buying its product keeping the social responsibility in mind.

Article source:
http://www.dailymail.co.uk/sciencetech/article-2202170/iPhone-5-release-Inside-shocking-conditions-Foxconn-factory.html?ito=feeds-newsxml

“After graduation should I work with some company gain experience or should I just start my own business?” this is a question which clicks thousands of young entrepreneurial minds everyday.

I asked a lot of businessmen and the answer I got was somehow similar “it depends.” A very vague concept though but in detail what they meant was, it totally depends on the business idea. One’s passion for the project plays a vital role in the success of one’s decision.

It’s a wrong mind-set that starting a business exactly after graduation is going to fail, I can quote some true Sauder Alumni’s who instead of working for anyone else started his or her own company and are very successful. E.g. Tom Dobrzanski who is a graduate in finance and accounting instead of working he decided to pursue his passion for music and started his own studio business.

Sources:

Home

A spectacular TV program with a valuable purpose; a panel of successful entrepreneurs with huge amount of spare cash willing to make money and help the young entrepreneurial talent by investing in the potential projects.

Startup funding is one of the major reasons for numerous businesses to fail before they even start. Dragon’s Den is an excellent concept as it provides hope to those talented entrepreneurs who have the potential ideas but not the funds. It encourages them to think out of the box regardless of worrying about the startup financial issues.

There is no concept of such TV shows in 3^rd world countries e.g. Pakistan, so first time when I saw it “I was totally amazed”. Its one of the biggest opportunities an upcoming entrepreneur can get. The best thing to me was how quickly the skilled panel judges whether the project is profitable and has the future potential to grow. Every episode is full of learning, it does not only provide money but for the viewers it’s a great source to acquire knowhow of the entrepreneurial world for e.g. presentation skills, emerging business industries etc.

Information Source:
Self observation after watching the episodes.

Episode:

https://www.youtube.com/watch?v=iFKpAvic_qY

Division of Labor is when the production process is split into a number of parts and every worker has to perform a special task. After Adam Smith and other important researchers concluded that division of labor is the main engine which is responsible for the wealth of the societies. This strategy was adopted by a number of companies among which Honda was one of the prominent names.

   Honda is using division of labor in car assembly on a very high scale, in order to produce a wide range of automobiles such as smart cars, family vehicles and heavy construction machinery etc. Due to division of labor Honda is able to produce high quality vehicles with great efficiency which enables it to cut their costs and yield high profits.

  However, Honda has to face demerits due to division of labor. Honda has expanded its operations to a massive scale, which led it to face dis-economies of scale specially managerial and financial. It became a tough job to design a system which could run company at such level with maximum efficiency.

Information Source:

http://www.omegauto.org/estudios%5Cter045.pdf

http://www.chinalaborwatch.org/news/new-305.html

High School text book. ( GCE A Levels Business Studies ) 

Image Source: http://www.aymag.com/images/cache/ba8b374d9814fe1656474c1d3a112e37.jpeg

http://blog.castsoftware.com/wp-content/uploads/2011/08/honda-software-failure.jpg

With the advent of Globalization, corporations can now operate in multiple countries. By utilizing outsourcing, these businesses exploit the huge economies of scale. The “race to the bottom” cause the third world countries to reduce their taxes, remove the trade restrictions and sell themselves to earn the bid for the companies. Such companies profit from these situations, causing problems such as child labor, sweat shops and destruction of native land.

The main aid for Globalization is the immense technological development. New communicational methods; VOIP calls, Business Skype and other similar programs have allowed top level management to communicate with their employee, helping to make quicker and effective decisions. Specialized means of transportation of goods such as huge sea-containers, railway system and heavy road machinery have made goods accessible to every part of world. Some of the Companies in the race of Globalization are Coca-Cola, McDonalds, Nestle, Apple and the list continues.

Information Source: http://www.infed.org/biblio/globalization.htm

Images Source: http://outsourceportfolio.com/wp-content/themes/revol/images/blogs/globalizationBusinessFlow.png

An international public limited company, the body shop was founded in 1976 by Anita Roddick. The company’s unique selling point is its green and sustainable production. The no animal testing is a corporate social responsibility adapted by the company.

    This allows the company to act in a morally and socially responsible manner. The business also takes part in community fair trade, where an even portion of the income is given to the third world producers. Also by funding charities such as Children on The edge, Women Kind and WWF, the body shop grows its good will.

Although maintaining such standards is a high cost to the company in short run but in long run it turns out to be beneficial as customers start respecting the companies ethical views hence give preference over the competitors. Currently the organization has expanded into 61 countries with more than 2,400 stores. The unique selling point of the company gave it such a boost that the stocks of the company were called the gravity defying stocks as their prices rocketed to more than 500% their original value.

Information Source: http://www.thebodyshop-usa.com/values/AgainstAnimalTesting.aspx

Image Source: http://static.guim.co.uk/sys-images/Guardian/Pix/pixies/2009/9/12/1252782766672/The-Body-Shop-001.jpg

http://www.compasscareer.com/wp-content/uploads/Business-Ethics.jpg

Ten Tree Apparel is a young Canadian clothing chain, which hopes to save the world we play in. Dave Luba and Kalen Emsly, both graduates of Campbell Collegiate in Regina, Saskatchewan have taken up the fashion industry by storm with their new invention. Not only have they been successful in terms of sales, but also the amount of recognition and respect the young men have achieved is impeccable. Starting off from a small town, they’ve paved their way to the international market. The concept attached to their unique business is the reason behind their success.

For every item you buy Ten Tree will plant ten trees! The beautiful landscapes we know today are disappearing due to our actions. By planting ten trees and ensuring that all the clothing is produced responsibility using sustainable material they allow each and every customer to make a difference. This isn’t new; but what is new, is how Ten Tree has used the concept of planting trees to inspire entrepreneurship, build sustainable communities, provide shelter and generally increase quality of life. After all, your world is your playground; so keep it clean. Keep it sustainable.

Sources: http://tentree.org/category/about/