Evaluate the Internal and External Influence on Primark and Relate to It to Best Practices, Corporate Governance, Corporate Social Responsibility and Ethics?

1767 Words Aug 24th, 2010 8 Pages
Submitted By
Mr. AMJAD IQBAL

INDEX

HISTORY OF PRIMARK
PESTEL ANALYSIS
SWOT ANALYSIS
CORPORATE GOVERNANCE
CORPORATE SOCIAL RESPONSIBILITY AND ETHICS
CONCLUSION
REFERENCES

Evaluate the internal and external influence on Primark and relate to it to best practices, corporate governance, corporate social responsibility and ethics?

Majority organizations need best practices for achieving organizational objectives in the terms of profit, social and ethics issues. Primark’s best practice frame work is discussing below:

PRIMARK'S HISTORY

Foundation of Primark in Ireland
In June 1969, the first Penneys store opened in Mary Street, Dublin. In 1970, four more stores were added – all in the Greater Dublin area. In
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In December 2008, the UK charity War on Want launched a new report, Fashion Victims II, that showed terms and conditions had not improved in Bangladeshi factories supplying Primark, two years after the charity first visited them.
3. In 2008, poor working conditions in Indian factories supplying Primark were the subject of an undercover investigative documentary by the BBC's Panorama. Primark subsequently stopped doing business with the Indian supplier.
4. On 23 June 2008, the BBC broadcast a panorama programme that showed manufacturing practices which it considered to be unethical in Primark's supply chain. Undercover reporters exposed child labour in three of India's garment factories sub-contracted by Primark
5. On 9 January 2009, a supplier was forced by ETI to remove its branding from Primark stores and websites following a BBC/The observer investigation into the employment practices. The investigation alleged use of illegal immigrant labour which was paid less than the UK legal minimum wage.
6. In May 2010 Primark, the discount clothing store, has withdrawn padded bikini tops aimed at girls as young as seven following criticism that the items were sexualizing children.
OPPORTUNITIES:
1. Even in economical crises there are more potential in budget products.
2. Europe is powerful

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