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    Ethics Toms

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    TOMS is a California-based company that designs and sells shoes based on the Argentine alpargata design. It operates under a 'one for one' model where it gives a pair of shoes to a child in need for each pair sold. TOMS has given over 45 million pairs of shoes to children in over 70 countries. It has expanded beyond shoes to also include eyewear, bags, and coffee where purchases support related causes like eye care, safe births, and clean water. While TOMS aims to be socially responsible, some criticize its business model and lack of transparency in financial and sourcing information.

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    Ethics Toms

    Uploaded by

    api-337437376
    226 views12 pages
    TOMS is a California-based company that designs and sells shoes based on the Argentine alpargata design. It operates under a 'one for one' model where it gives a pair of shoes to a child in need for each pair sold. TOMS has given over 45 million pairs of shoes to children in over 70 countries. It has expanded beyond shoes to also include eyewear, bags, and coffee where purchases support related causes like eye care, safe births, and clean water. While TOMS aims to be socially responsible, some criticize its business model and lack of transparency in financial and sourcing information.

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    TOMS is a California-based company that designs and sells shoes based on the Argentine alpargata design. It operates under a 'one for one' model where it gives a pair of shoes to a child in need for each pair sold. TOMS has given over 45 million pairs of shoes to children in over 70 countries. It has expanded beyond shoes to also include eyewear, bags, and coffee where purchases support related causes like eye care, safe births, and clean water. While TOMS aims to be socially responsible, some criticize its business model and lack of transparency in financial and sourcing information.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    226 views12 pages

    Ethics Toms

    Uploaded by

    api-337437376
    TOMS is a California-based company that designs and sells shoes based on the Argentine alpargata design. It operates under a 'one for one' model where it gives a pair of shoes to a child in need for each pair sold. TOMS has given over 45 million pairs of shoes to children in over 70 countries. It has expanded beyond shoes to also include eyewear, bags, and coffee where purchases support related causes like eye care, safe births, and clean water. While TOMS aims to be socially responsible, some criticize its business model and lack of transparency in financial and sourcing information.

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    You are on page 1of 12

    Aralyn Tran

    Endre Offerdal

    Karen Diaz de Valdes

    JungHyun Lee

    Estefania Arizmendi

    TOMS

    Based in California, main office in Los Angeles.

    More than 500 In-stores and stores worldwide, 200-500 employees.

    Designs and sell shoes bases on the Argentine alpargata design.

    The shoes are made of natural hemp, organic cotton and recycled polyester.

    Have given 45 million pairs of shoes to children in over 70 countries.

    Blake Mycoskie noticed when he was in Argentina; shoes had a huge impact on these childrens

    future.

    Founded on a moral principle of giving back, with the one for one model

    What TOMS is doing


    TOMS is run by its well-known one for one strategy since its establishment, with the slogan of Shoes for
    Tomorrow.

    Eyewear

    Helps restore eyesight

    Shoewear

    Buy a pair of shoes, give to a child in need

    Bag

    Buy bagwear, help give a mother a safe birth to a child

    Coffee

    Buy cofee, and give a person 2 weeks supply of clean water

    Financial information
    According to a 2009 CNBC show, it only costs TOMS $9 to produce each pair of shoes.
    The price of shoes sold in stores ranges from $44 to over $100

    Timeline
    One day without
    shoes iniative
    2008
    2006
    Launches
    TOMS
    shoewear

    Launched
    TOMS Eyewear
    2011

    Launches TOMS Bags,


    Announces of
    production to be done
    in developing countries
    2015
    2014
    Bain bought half
    of TOMS
    Launched
    TOMS Roasting
    CO

    Which theories did we use?


    -

    Stakeholder theory:

    the organizational management and business ethic theory


    use to analyzed values and morals of a business organization.

    - Carrol model (1991):

    the pyramid of corporate social responsibility

    Stakeholder theory
    Internal
    stakeholders

    External stakeholders
    Suppliers

    Managers

    Consumers
    Society

    Employees

    Creditors
    Shareholders

    Owners

    Government

    Carroll model (1991)

    Carroll model (1991)


    Aim/Examples

    Impact

    TOMS

    Economic
    responsibilities

    To be profitable
    Economic performance

    Employees
    Owners

    Making profit for shareholders


    (Bain&Blake)

    Legal
    responsibilities

    To obey the law

    Employees
    Owners
    Consumers

    None of the practices have broken


    any laws or regulations.

    Ethical
    responsibilities

    Avoid questionable practices or


    operate above the minimum
    standard of the law

    All stakeholders
    (Mostly on consumers
    and employees)

    Responsible overall in terms of their


    business practices.

    Sustainability
    responsibilities

    To be a good corporate citizen


    and improve the quality of life for
    the society

    Communities
    Employees

    Positive since their one for one


    strategy and business model aims to
    be sustainable in helping the society

    Ethical/Cultural issues
    -

    Critic from development organizations caused them to change its production

    Financial information is not published in detail

    Disruption of local economies

    Clothing donation causes economic stagnation

    Its still for-profit company, critized for using their one for one model for profit

    Vague about labor standard in China, Argentina and Ethiopia

    Recommendation

    Transparency in financial information

    Add more production to developing countries than 1/3

    Reveal more information about one for one business model

    Clearer code of conduct

    Bains entrance raises questions (CEOs gain)

    Reference

    Supplier code of conduct, TOMS

    Bain Capital Buys Toms, Will Still Give Away Shoes, Kyle Stock, Bloomberg Business, August
    21, 2014

    Win a Potentially Life-Changing Trip From Toms, DAVE BANKS, 03.09.12

    Romney as Job Creator Clashes with Bain Record of Job Cuts, Justin Blum and Lisa Lerer, July
    20, 2011

    Transparency in supply chains, TOMS

    Reaching Milestones in local manufacturing, TOMS, October 18th, 2014

    Carrol (1991) CSR Model

    Kenya child labour data country brief, International Labour Office

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