The Structural Failure Of The Rana Plaza Collapse Essay

Ethics has been around for a long time. Merriam-Webster defines ethics as rules of behavior based on ideas about what is morally good and bad. It is an area of study that deals with ideas about what is good and bad behavior. Ethics has much to do with feelings and beliefs. If you feel deep down in your heart that something is not right, then it you should not do it. The Bible says, “So whoever knows the right thing to do and fails to do it, for him it is sin” (James 4:17 English Standard Version). Ethical business procedures include guaranteeing that the main legality is in place. Also, the company observes moral standards in its relationships with the people in its business community, which includes the most important people in their business, who are the customers. This report will discuss ethics in business, ethically transformed organizations; organizations preparation to make ethical decisions, ethical danger signs, and organizations that does business globally.

Business Ethics are defined as “moral principles that guide the way a business behaves” (Businesscasestudies, 2017). In order for any business or individual to act in an ethical

In continuation, the United States federal government should enforce legislation to restrict outsourcing to protect human rights of foreign laborers. Today, American citizens simply cannot know the working conditions of the factories that make the products they buy. This is hugely beneficial for corporations who want to keep us ignorant of their activities. We know about extreme incidents such as the Rana Plaza collapse that capture the world’s attention, however briefly, or when workers get so fed up with the conditions that they strike long enough and loud enough to get the Western world’s attention. But the day-to-day disasters that maim or kill a single worker or the accumulation of lead in workers’ bodies—those go almost completely unreported.

On the 24th of April 2013, a tragedy occurred in Dhaka, Bangladesh, resulting in the deaths of more than 1000 people and the destruction of a nine-story garment factory “Rana Plaza” (Manik& Yardley, n.d.,). However, the unsatisfactory condition of the building was known to employees. The day before the tragedy, several cracks were noticed, yet the owner of the factory ignored the warning by police to suspend the factory. In addition, workers were physically intimidated which shows, illustrating the power of society and the desperation of financial condition as individuals (Hossain, 2013). 80% of the workers at the Rana Plaza were female; this was because their labor was the cheapest in the world, with the minimum income BDT being 3000 taka per month (the equivalent of 37 Australian dollars) (Burke, 2013). This industry represented the international fashion labels in Europe, America, cosmopolitanism and progressive brands such as Benetton etc. Most of the factory’s textile products were internationally exported, earning foreign currency and allowing it to become the largest industry in Bangladesh. The “Rana Plaza” was one of the main industry, which maintained the economy and society as individuals in Bangladesh. The power of capital at the Bangladesh level is the arrangement of dominance transnational businesses at the global level, which is a smaller rate of powerful

According to Omidyar & Branson (2016), business ethics are called as corporate ethics which is a set of rules that define the right and wrong behaviour. From the research, ethics are a form of applied ethic that can be used to evaluate whether the conduct of the people are considered acceptable and appropriate. Besides, business ethics are the collective values of a business organization that can be used to evaluate whether the behaviour of the collective members of the organization are considered acceptable and appropriate. In the most basic term, a definition for business ethics boils down to knowing the difference between right and wrong and choosing to do what is right.

On April 24, 2013, NewYorkTimes journalist Jim Yardley reported on the collapse of Rana Plaza, an eight-story factory complex in the outskirts of Dhaka, Bangladesh, which claimed the lives of 1,100 people. A 400-page report of the incident places the blame squarely on the shoulders of the building's owner, Sohel Rana, along with the owners of the building's five garment factories, who now face possible charges of murder, along with accusations of “ignoring safety warnings and locking exit doors,” while the Bangladeshi government continues to receive harsh criticism for its lax enforcement of labor safety standards in the country's billion-dollar clothing manufacturing industry (“Sweatshop Labor”). The garment industry in Bangladesh is one of the world's leading exporters of clothing, second only to China, with more than 5,000 garment factories employing an excess of 3 million workers, producing merchandise for top brand retailers in the United States and Europe (Yardley; “Sweatshop Labor”). Workers in these factories endure long hours and unsafe working conditions for wages so low parents must send their children to work instead of school so that they have enough to eat. The tragedy of Rana Plaza brings to the forefront the true cost of things; is it worth 1,100 lives to save a few dollars on a shirt or a pair of jeans?

Ethics is the process of doing right or wrong. It assists a person in the deciding if something is moral or immoral or if it is socially desirable (Dess, McNamara, & Eisner, 2016, p. 368). A person can get his or her ethics from religious beliefs, heritage, family, the community, education and friends. Organizational ethics is the values, attitudes and behavioral patterns defined by the organizations culture. Organizational ethics determine what is acceptable behavior.

Business ethics is a vital element to the growth and success of any business. To be ethical means to have a system of moral principles. Ethics alone is a branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions. To have business ethics you would take the meaning of ethics and apply it to the things that go on it the work place. We are going to take

Business Ethics is a set of moral principles applied in the commercial world. Business ethics provide guidelines for acceptable behavior by organizations in both their strategy formulation and day-to-day operations. An ethical approach is becoming necessary both for corporate success and a positive corporate image. Following pressure from

Ethics is the application of one’s personal beliefs and the impact on how a person makes decisions regarding the relationships involving a company. The most common agents that involve a person’s decisions are owners, employees, customers, clients,

Ethics are the principles and values an individual uses to govern his activities and decisions. In an organization, a code of Ethics is a set of principles that guides the organization in its programs, policies and decisions for the business. The ethical philosophy that is used by an organization to conduct business can affect the reputation, productivity and bottom line of the business (1).

To better understand if the Rana Plaza tragedy fundamentally changed firm attitudes to labor regulation, I develop a three-tiered theoretical response model to study stakeholder responses to the tragedy. The actors and their responses are drawn from Chapter 3, and placed within the theoretical framework. The goal of this theoretical model is to assess if Rana Plaza can be considered a turning point, and the goal of the analytical framework is to answer the question by investigating whether the tragedy led to any change in perception of labor regulation. This chapter is divided into three sections: definitions, the theoretical framework and the analytical framework. The first section establishes

Going back to the collapsing of the Rana Plaza, Prashad reveals that there appears to be a trend of factory buildings collapsing in the twenty-first century, specifically "poorly built shelters for a production process geared toward long working days, third rate machines, and workers

Hartman (2005) suggests that ethics involves decisions as to good and bad, right and wrong, and what ought to be. It can be recognized from morals and values. Business ethics goes far beyond employee loyalty and morale or the strength of a management team. The ethical operation of a company is directly related to profitability in both the short and long term. The reputation of a business from the surrounding community, other businesses and individual investors is critical in determining whether a company is a worthwhile investment.

Ethics are moral principles or values that govern the conduct of an individual or a group.It is not a burden to bear, but a prudent and effective guide which furthers life and success. Ethics are important not only in business but in academics and society as well because it is an essential part of the foundation on which a civilized society is built.