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Buisness Model

Maahi Tyagi

Created on April 9, 2023

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Transcript

Labor Unions & Worker Rights

Supply Chain Transparency

Factory Regulation
Dealing with Side Actors
Partnering with Consumers

Increasing Factory Regulation

Corporations can meet high standards of factory regulation by: 1) Routinely carrying out factory inspection checks and making changes based on results. 2) Ensuring fire safety requirements are met. 3) Completing thorough investigations of factory owners and managers of workers.

Labor Union & Worker Rights

Corporations can support worker rights and prevent the supression of labor unions by:1) Comitting to taking action to increase worker wages. 2) Investigating instances of sexual, physical, and verbal abuse. 3) Ensuring remediation for those affected and potentially working with goverments to increase oversight.

Reported working conditions in Bangladesh

Dealing with Side Actors

Oftentimes corporations arent the perpatrators of human rights abuse. However, entities that are comitting these abuses become linked to corporations. Therefore it is imperative that: 1) Corporations make calculated decisions in ending relatioships with these entities. 2) Corporations should actively converse with relevant stakeholders and affected groups.

Partnering with Consumers

Corporations should utilize supply chain transparency as an effective marekting strategy. Consumers value ethics, and if made aware of human right absues, will often choose another more sustainable brand. Corporations should release yearly factory audits and reports to create a positive buisness-consumer relationship.