Levi Strauss Stands for Certain Term Paper

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So, the concept is there that since corporations would perish without profits, they exist only to make money. We do not live to eat rather we eat to live. Similarly corporations like living organisms cannot continue to discharge their reason for being without profitability but they do not exist just for profits. In the modern times the emphasis moved from mere profits to complete social well being. Now corporations have both ethical and corporate responsibilities. Levi Strauss became an example for others to follow when it made headlines by choosing not to continue business in China because of its human rights abuses and difficult political situation. An organization that chooses to conduct business in a new culture also has to accept the realities there. By accepting human rights abuses in a country the organization might also get involved in the controversies and in the process its reputation could get affected beyond repair.

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Levis identified problems at an earlier stage and acted as a completely socially responsible entity.

There are expectations for companies to manage human rights issues. There are numerous risks for companies that don't respect human rights. Levi has benefited a great deal from taking a proactive stance on human rights but at the same time it is recommended that complete cost benefit analysis as well as environment scanning should be done. External environmental factors change fast. Unfavorable conditions today could become favorable tomorrow. The economic as well as sociol and political environments are constantly in flux and countries like China could make changes in its policies and its stance of human rights. Levis should not leave the stage completely and should keep a close wtach on the changes and respond quickly without ofcouse compromising on its stance on human rights and ethical practices......

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