5 Questions
According to the scenario, what action should the CEO take in response to the supplier's use of child labor?
Engage in remediation efforts
What is the potential consequence of terminating the supplier contract immediately?
Job losses in the supplier's community
What is the main concern of the CEO in this scenario?
Supporting fair labor practices
What is the suggested approach for transitioning away from the supplier?
Gradually phase out the supplier
What action should the CEO take to address the supplier's use of child labor?
Engage in remediation efforts
Study Notes
CEO's Response to Child Labor
- The CEO should take immediate action in response to the supplier's use of child labor, considering both ethical and financial implications.
- The potential consequence of terminating the supplier contract immediately is disruption to the company's operations and potential financial losses.
CEO's Concerns
- The CEO's main concern is the ethical implication of the supplier's use of child labor, along with the potential reputational damage to the company.
Transitioning Away from the Supplier
- The suggested approach for transitioning away from the supplier involves a gradual and strategic plan to minimize disruptions and ensure a smooth transition.
Addressing Child Labor
- The CEO should take a proactive and ethical approach to address the supplier's use of child labor, balancing the need to protect the company's reputation with the need to ensure a stable supply chain.
Supply Chain Ethics Dilemma Quiz: Test your decision-making skills as the CEO of a global retail company facing a moral dilemma. Explore the complexities of sourcing products from a supplier that employs child labor. Should you prioritize ethical considerations or consider the potential job losses in the supplier's community? Take this quiz to assess your understanding of supply chain ethics and critical thinking in business.
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