Unit 37 Ethics Nathan Frost by nathan frost

Marks and Spencers

nathanfrost_97 — 2015-02-04 10:36:40 UTC

marks and spencers are one of the biggest retailers in the world and want the best for their workers and customers. They operate in many different countries around the world and are an extremely well-known business. The business is run by shareholders who invest into the business and expect a profit of the money that they've invested. marks and spencers are a very ethical business and moral there principles very well. The business has a large impact on the economic well-being of the communities in which they and their suppliers work,through employment, training, and exposure to international markets and standards. This relationship has to be actively managed to ensure that workers want to work for the business and dedicated for trying to do their best of their ablility for the business. Marks and spencers have put fair trade cotton into their business

Marks and Spencers aims and objectives

nathanfrost_97 — 2015-02-04 11:23:06 UTC

Selling at prices that their customers are prepared to pay.

To make money for its shareholders and investors.

To expand by operating in different countries around the world.

Offer new products to customers

To be the top family brand

To develop and more specialised position in the food sector

To be the number one brand on the high street

Marks and Spencers

nathanfrost_97 — 2015-02-04 12:19:29 UTC

In many countries, a job working in a factory or farm producing product for the international market is a sought-after position. In some countries, however, workers face significant challenges to safe and productive work. marks and Spencers don’t believe that this should mean that they move their business away from these locations but instead work to improve conditions where issues have been identified. This needs to be done by identifying countries and regions of greatest risk, as well as ensuring adherence to our monitoring and audit programme. Where issues are identified we set clear expectations and timelines for suppliers to work towards.

http://news.bbc.co.uk/1/hi/business/4660410.stm

Marks and Spencers mission statements

nathanfrost_97 — 2015-02-04 14:15:29 UTC

The chairman believes that marks and spencers in comparison with three years ago and that the retail industry has changed. There is a split in marks and spencers sales with the majority being 55% and 45% being general merchandise. To be the standard against which others are measured, to make aspirational quality accessible to all and quality value, service, innovation and trust. They've now employed 86,000 people and they want too relevant to their customers.

Marks and Spencers ethics

nathanfrost_97 — 2015-02-13 10:20:36 UTC

marks and spencers has been voted the most ethical high street market by a magazine. They checked 25 different markets and mark and spencers was the winner.

it was voted due to there clothing range. They're obviously very happy that they've been voted the most ethical and hope to retain this position and offer a good clothing range to its customers and also still believe that they can improve on this. They also have high standards and want to keep this up.

nathanfrost_97 — 2015-02-13 10:20:37 UTC