Reference no: EM133036702

Question 1:

You are a Supply Chain Procurement Manager working for a large manufacturing company located in North America. Recently, you have found out that one of your suppliers is in contravention of your company's standards of engagement because they are employing persons aged 14 to 16 years of age. Whilst you would prefer to end the business relationship with this supplier immediately, you have to weigh up the ethical issues with the commercial considerations including; the low cost of the supplies and the history of reliability of delivery from this supplier. 

Required:

Based on your knowledge of corporate social responsibility, as well as supply chain logistics, what is the best course of action in this situation? Discuss

Question 2: 

You are the new CEO of a major well-established automotive manufacturer in South Korea, but you are concerned that the longstanding price war in the industry is undermining profits for all firms in this sector. However, you have been warned by your company's in-house corporate lawyers not to openly discuss pricing with rival firms. In several cases, you know the other CEOs personally because you graduated from the same business school as they did. 

Required:

Given this dilemma, how would you develop an effective strategy to ensure you act in the best interests of your company, but without engaging in collusion, which is illegal? Discuss.