Problem: The garment industry is one of the most problematic business due to its reputation in human rights violation and contributing to environmental degradation. Please watch the Fast Fashion - The Shady World Of Cheap video for reference:
Both law and ethics play a crucial role in business activities. The law (legal standard) might not always reflect its ethical spectrum. You are appointed as the CEO of a fashion company. The cost to source from sustainable and ethical garment tends to be higher than from problematic suppliers. Your company is still a relatively new player in the industry.
What business strategy can you offer by putting into account both legal aspects and business ethics?
- Use law, regulations, cases and theories as references
- Free to use any resources, both printed or non-printed to support your analysis
- May do comparison (comparative analysis) with the laws and practice in other countries.
- May use chart, diagram, graphics, etc if preferred.