Etch-A-Sketch Ethics The Ohio Art Company is perhaps best known as the producer of one of the top-selling toys of all time‚ the venerable Etch-A-Sketch. More than 100 million of the familiar red rectangular drawing toys have been sold since 1960 when it was invented. The late 1990s‚ however‚ became a troubled time for the toy’s maker. Confronted with sluggish toy sales‚ the Ohio Art Company lost money for two years. In December 2000‚ it made the strategic decision to outsource production of the
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CASE 1: ETCH-A-SKETCH ETHICS. QUESTION 1: Was it ethical of the Ohio Art Company to move production to China? What were the economic and social costs and benefits of this decision? What would have happened if production had not been moved? The decision to close and move a plant raises important issues about the social responsibilities of a corporation. To make an ethical judgment‚ one must look at the impact the decision has on various stakeholders. On a macroeconomic level‚ both the US and
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Bing Liu 991144491 Written Report Case: Etch – A – Sketch Ethics 1. Was it ethical of the Ohio Art Company to move production to China? What were the economic and social costs and benefits of this decision? What would have happened if production had not been moved? The term ethics refers to accepted principals of right or wrong that govern the conduct of a person‚ the members of a profession‚ or the actions of an organization. Here‚ it refers to action of the Ohio Art Company. It was ethical
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Italy or England would have been a better choice. 1. Was it ethical of the Ohio Art Company to move production to China? What were the economic and social cost and benefits of the decision? What would have happened if production had not been moved? 2. Assuming that the description of working conditions given in The New York Times is correct‚ it is ethical for the Ohio Art Company to continue using Kin Ki to manufacture Etch-A-Sketch toys. 3. Is it possible‚ as Mr.Killgallon claims‚ that
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Case: Etch-A-Sketch Ethics It was ethical of the Ohio Art Company to move to production to China. While this left the small town of Bryan‚ Ohio in a bad situation with the tax base eroding and a rise in foreclosures‚ this situation would have occurred anyhow if the company had stayed. This is because the Ohio Art Company was losing money by keeping production in Bryan and would have had to eventually shut down production altogether. They could not afford the overhead costs as well as the labor
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Etch-A-Sketch Ohio Art Company was in risk of going bankruptcy after the company was forced to increase the price of toys due to the increase in overhead. The company decided it would be wise to take their production into China where the price of labor and other overhead cost were substantially lower. This is a decision many companies in the US are making today. Was it ethical of the OAC to move production to China? I think there were some ethical risk of the company going overseas but I think
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WALMART Sustainability Strategy- Suggested Solutions 1. How is Walmart deriving business value from its sustainability strategy? Walmart is deriving business value from its sustainability strategy in several ways. Lee Scott‚ President and CEO of Walmart in support of a sustainability strategy also set three goals for the cooperation: to be supplied 100% by renewable energy‚ to create zero waste and to sell products that sustain resources and the environment. Through the strategy‚ Senior level employees
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Suggested answers to Exercise and Reading to learn (Note: The overseas examination boards bear no responsibility for the suggested answers contained in this publication. Answers for HKCEE and HKALE questions are not available due to copyright restrictions.) Ch 1 Introducing biology Exercise Multiple-choice questions (p. 1-15) |1 C |2 D |3 B | |4 B |5 A
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Tutorial 5 Suggested answers of the tutorial questions EXERCISE 15.31 Customer response time 1 Date March April Days taken Action 10 LO’s order received by sales department 0 0 14 Order forwarded to manufacturing department 4 4 28 Fabric received from supplier 14 18 8 26 5 Manufacturing commenced 16 Manufacturing completed and order sent to warehouse 30 Order delivered to customer 11 14 Total customer response time 2 3 Cumulative days Order receipt time (days) Waiting
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Case: Cultural Turnaround at Club Med Questions 1. Analyse Club Med’s culture before 2000. 2. Explain the reasons for Club Med’s success between the 1950s and the 1990s. 3. How do you explain Club Med’s difficulties in the early 1990s? 4. Why did Bourguignon’s plan fail? Do you think that Giscard d’Estaing’s plan will be more successful? This case example enables students to explore the impact of culture and history on an organisation’s strategy. 1. Club Med’s cultural web before 2000 should
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