"Nike is criticized for using sweatshops in countries like Indonesia and Mexico. The company has been subject to much critical coverage of the often poor working conditions and the exploitativeness of the cheap overseas labor." answers.com 1. Should Nike be held responsible for working conditions in foreign factories that it does not own‚ but where sub-contractors make product for Nike? Yes‚ but I do not believe that the firm is 100% responsible since it is the sub-contractors who operate
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Corporate Finance Nike‚ INC: Cost of capital 1. What is the WACC and why is it important to estimate a firm’s cost of capital? Do you agree with Joanna Cohen’s WACC calculation? Why or why not? Definition of WACC (Weighted Average Cost of Capital): WACC is basically the average of the cost of finance (debt and equity). Since a company’s assets can be financed by debt or equity‚ WACC can show the averages of the costs involved in the sources of financing. These costs are then weighted
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In Defense of Deontology (Non-Consequentialism) Consequentialism and deontology are two different theories concerning with morality. Consequentialism believes in the concept of the ends justifies the means. On the other hand‚ deontology does not believe in this concept. It believes that right actions are defined by duty. Deontology is the opposite of consequentialism when it comes to moral ethics‚ making it the better approach. Deontology is a non-consequentialist theory. Deontologists claim that
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Indonesia and its Business Culture Religion and culture: -Most Indonesian businessmen are Chinese and mostly non-Muslim. -Many are Christians but because Indonesia is dominated by Muslims‚ it could be offensive and impolite to eat during the fasting hours of Ramadan. -Superstitions: There are many superstitions in Indonesia due to the folklores and belief in Black Magic. One such superstition is to avoid making payments at night as it is believed that it may lead to bankruptcy of business failure
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Utilitarianism and deontology are two moral theories that can often pull us in different direction. Utilitarianism is the ethical doctrine that virtue is based on utility‚ and that conduct should be directed toward promoting the greatest happiness of the greatest number of persons. This can be viewed as a contingent right. Contingent means something that could happen or come up depending on other occurrences. An example of a contingent right is the unexpected need for a bandage on a hike. The bandage
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Research TNC’s Nike Research Manufacturing Nike has contracted with more than 700 shops around the world and has offices located in 45 countries outside the United States.[38] Most of the factories are located in Asia‚ including Indonesia‚ China‚ Taiwan‚ India‚[39] Thailand‚ Vietnam‚ Pakistan‚ Philippines‚ and Malaysia.[40] Nike is hesitant to disclose information about the contract companies it works with. However‚ due to harsh criticism from some organizations like CorpWatch‚ Nike has disclosed
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utilitarianism‚ deontology‚ and virtue‚ I think the virtue theory is the most accurate of them all. The theory says a person is determined good or bad based on their character. I think that is most accurate because if a person is constantly acting badly‚ then they would be considered a bad person. If a person is constantly acting good‚ then they will be considered a good person. Looking at the other two theories‚ utilitarianism doesn’t seem wrong to me‚ but it isn’t very accurate. Deontology theory does
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Deontology and Stem Cell Research Stem cell research is very controversial in today’s world. Although stem cell research has the potential for curing diseases and conditions‚ some people view stem cell research as unethical and immoral. People do not realize that there is hope for medical advancement today because medical specialists can use stem cell research to grow practically any cells needed for sick patients. Today‚ I am going to tell you what deontology is‚ how the school of thought views
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firm’s bond‚ Johanna only used the interest expense of the year divided by the average debt balance‚ which fully ignored the discounted cash flow of the cost of debt. 2. If you do not agree with Cohen’s analysis‚ calculate your own WACC for Nike and be prepared to justify your assumptions. Combining the analysis above‚ we now give our own WACC calculation as following: 2.1 The value of debt(based on EXIHIBIT 3). Since the book value of debt may represent the market value‚ we merely
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BUSINESS ADMINISTRATION CASE STUDY – NIKE CSR (page 70) 1. In referring to the opening profile and the closing for this chapter‚ discuss the challenges regarding corporate social responsibility that companies in the apparel industry face in its supply chains around the world? Answer: There are 5 challenges related to CSR: a. Lack of awareness and benefit of CSR In fact‚ many of companies have little knowledge about CSR. In some cases‚ companies may have a greater understanding of CSR
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