Reflective journal paraphrase Essay Example

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    Management
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    Undergraduate
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Principles of Responsible Business 5

Reflective Journal

Principles of Responsible Business

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Reflective Journal

Principles of Responsible Business

Principle of Responsible Business has been an issue which has brought about both pleasurable and interesting moments in my life. Through the process, I have gained tremendous knowledge concerning how businesses can be carried out in ways that are in line with the stipulated rules. I have learnt that ethics is a crucial element in business. Among the responsible business lectures, the last one mainly dwelt on the issue of supply chain. The lecture stressed the importance of being responsible throughout the distribution process of goods and services. Through my reflection on the above subject, I have discovered that the concept of Supply chain is a crucial component as far as responsibility in business is concerned as seen in the lecture. It is therefore the responsibility of the concerned stakeholders to ensure that accountability and decency and upheld. According to Ferrell and Ferrell (2014), supply chain entails anything carried out between when the product is manufactured and when the product or service is consumed. I have looked at the issues is various perspectives and analysed them accordingly.

Little has been done in my home country, Saudi Arabia, as far as sustainable and ethical supply chain is concerned. And to be precise, there is little connection between the issues of supply chain in Saudi Arabia and ethics and responsibility. The authorities have placed little importance on the issue. Nevertheless, according to Haykel et al., (2015), there has been a little filtration in the last five years. Apple and Nike have managed to bring some life in the industry though their mode of practice is against the expectations. Nike has been particularly contracting third party corporations to carry out manufacturing of goods in China. The third parties on their part ended up hiring children to work in their premises. This brought about a worldwide anger and outrage. As a result, other companies have been made to change their ways of carrying out supply chain.

According to my personal understanding, people are affected when supply chain is not carried out in an appropriate way. The users of the products and services are always not aware how the products and services being offered came into being. Therefore if unethical means are applied in the processes, they are the most affected and the process is likely to continue. Unethical supply chain is then likely to go on because the unsuspecting buyers will be buying the products and services offered through unethical means. For instance, in the case of Apple, the company was found to be making money from goods manufactured through the use of cheap labour in the Republic of China (Mielach, 2012). The poor are taken advantage of by big business entities for more profit margins and to keep the prices of the manufactured products more competitive in the market.

Locally, the processes of hiring people unethically and unprofessionally can adversely hurt the community. When the practice is not carried out in the right manner, people get exploited. I have experienced this happening in most Asian countries during my visits. The people are subjected to poor quality employment which in turn leads into poor living standards. The companies involved are only concerned about making profits and to not mind about the conditions of the employees. According to my understanding, if the process is not mitigated, other businesses will see the practice as normal and will also end up using unethical means to abuse the accepted standards of supply chain. Media and the entire community can therefore join hands in ensuring the businesses that are being irresponsible are identified and reported to the relevant authority.

In summary, it is important to note that businesses can make a major difference if they engage in activities that will help promote sustainable and ethical supply chains. If they adhere to the stipulated standards, they will be viewed as responsible entities hence encouraging decency both in the society and the business sector. Personally, I will my level best to emphasize these concepts when I start my career in future in Saudi Arabia. Through my reflection on the above topic, and my general knowledge on responsible business, it is evident that there is need for a wider understanding of supply chain among the people. A clear understanding of the concept will bring about sanity in the business world. I have taken pleasure in understanding the subject and I will work harder to ensure that I become a responsible entrepreneur in future.

References

Birch, S. (2012). How activism forced Nike to change its ethical game, The Guardian, 7th July.

Ferrell, O. C., & Ferrell, L. (2014). Special Issue: Ethics and Social Responsibility in Marketing Channels and Supply Chains. Journal of Marketing Channels, 21(1), pp. 117-125.

Haykel, B., Hegghammer, T., & Lacroix, S. (2015). Saudi Arabia in Transition: Insights on Social, Political, Economic and Religious Change. Cambridge University Press.

Mielach, D. (2012) Is it Ethical to Own an Iphone?, Business News Daily, February 2nd.