Timothy And Thomas Case Study

1963 Words8 Pages
Why do corporations believe it is natural to have children working in developing countries? Is Timothy & Thomas North America responsible for causing harm if global guidelines are misused? If 60 Minutes conducted an interview, would Timothy & Thomas North America be proud of their corporate social responsibility (CSR) practices in Pakistan? There are many questions surrounding the moral responsibility on corporations, but how can a resolution be reached. In the case study for Timothy & Thomas North America, three models of ethical standards will be cited. From the Stakeholders article, decision-making guidelines will need to be understood for Jonathan Stein, the new Vice President (VP) of International Contracts to have a clear vision of…show more content…
When Mr. Stein visited Pakistan, he enjoyed the colorful bazaar and elaborate clothing Lahore had to offer. Bringing the Stakeholders approach to the region brings people together by lending empowerment and diversity to the areas it embraces. Timothy & Thomas is aware governments, activists, and media are holding companies for their actions. If 60 Minutes were to sink their teeth into this story, the company would be comfortable sharing their values and social responsibility to the world and the triple bottom…show more content…
Creating Shared Value (CSV) and Corporate Social Responsibility (CSR) aligns the emotional reaction and a systemic balance to how Timothy & Thomas operates the globally. The formula for success is CSV + CSR = Triple Bottom Line. For a company to survive, economically the firm must be profitable. It is important for employees to have job security, positive working conditions, and opportunities for a better tomorrow. A business model that includes social, economic, and environmental criteria creates sustainability to maintain a balanced system. Mr. Jonathan Stein, VP of international contracts for Timothy & Thomas mentions, “Unfortunately, all the talk of values and social responsibility in the world didn’t erase the bottom line” (Nichols). Though it is important to keep the fashionable edge in North American and European markets, embracing ethical responsibility in Lahore Pakistan promotes from within by applying the “moral minimum” to law, guidelines, and corporate
Open Document