Answered Essay: The company is Nike and the ethical issue is underage workers. Business Impact: Describe what

The company is Nike and the ethical issue is underage workers.

Business Impact: Describe what other businesses can learn from the ethical crisis of the business you selected. If the situation was handled well, what could other businesses learn and why are these lessons valuable? If the situation was handled poorly, what could other businesses learn and why are these lessons valuable?

Expert Answer

Ethical crisis defines that moral principles which governs person behaviour and in the behaviour we can see some crisis in person way of thinking and thoughts.If a business had an ethical crisis then it can be learn from the other business.This crisis once arise this take much time to recover so should take certain recommendations before it occurs.Some of the situation will influence during handling the work.During handling anykind of work some guidelines should be taken,if the same work was carried out in other business which we worked before and those lessons are very important and helps to govern in this business. By using the past strategy handled work would be succeeded by giving the better results.So,that the lessons which learnt from other business would not be misleaded.

If the handled work was failed,then there will be chance to handle the same work with more guidance at that it would be definetly succeeded.Other business can learn the failure strategy and they can use the strategy that there work will definetly succeeded because they can rectify the mistake before it happens.These lessons are valuable because if the failure in work observed more knowledge can be gained from failed work.

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