All entries for Tuesday 21 October 2008

October 21, 2008

Just a thought

It has been a long time since i last blogged but time is just slipping away, although I must admit i haven't got the hang of time management as yet....

Anyway, I have been contemplating for quite a while whether or not i should write about this thing that is bagging me, since last week...I have decided to go on and write what i think, even though i have discussed it with several of my MBE colleagues...

After this mysterious introduction allow me to begin. As you remember last week we all attended the GBE (Global Business Environment) module, a very intriguing and insightful experience, particularly because we touched upon current issues such as the economic growth of China and of course the "Credit Crunch".

The most interesting point of this module-according to my opinion-was the fact that during the afternoons we were doing case studies...Real problems had to be solved and we had to do our best-always as a team-to ensure the survival and then success of our group whether we were producers, suppliers or even better a company...

Speaking of case studies, brings me to what i have been thinking about...

In many of the case studies in order to reduce the cost of production and to boost profits, companies decided to move their plants to developing countries in order to make use of the cheep labour.

Several times we had to make decisions about where is the best place to transfer the plant,Turkey?Bangladesh?or India?

Forgive me but i think this made me feel unethical....

I understand that the global market is extremely competitive, so every business is trying constantly to reduce cost and that cheap labour can be the easy way out...

But it seems that some business are taking advantage of underprivileged people's needs and aspirations of having a better life...

Besides i think that we are all more or less aware of the bad publicity certain companies have had because of being involved with child labour or other mall practices towards employees...

Maybe for a strict Business or Finance student this mentality makes sense but, we as MBE students are after quality...are this practises in accordance with excellence ??

Am i overreacting? What do u think?

I hope i didn't cause any uncomfortableness....

October 2008

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