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Bangladesh factory collapse kills at least five workers, 100 feared trapped

The roof of a partly-built cement factory has collapsed in southern Bangladesh killing at least five workers, officials say.

The collapse of Rana Plaza, built on swampy ground outside the capital, Dhaka, ranked among the world’s worst industrial accidents and sparked a global outcry for improved safety in the world’s second-largest exporter of ready-made garments.

Bangladeshi survivors of the collapse of a partly-built cement factory

Source : http://www.abc.net.au/news/2015-03-12/bangladesh-factory-collapse-traps-workers-leaves-three-dead/6310858

Questions

  1. Outline all of the stakeholders involved in this issue
  2. List the ethical issues that are linked to each stakeholder.
  3. What has been the Australian response to date?  Complete a quick search to find headlines from Australian news articles.

Other articles

Bangladesh garment factories still exploiting child labour for UK products

Bangladeshi local garment workers at a factory in Dhaka.

Inspections are not enough to fix garment factories in Bangladesh

Bangladeshi activists and relatives of Rana Plaza victims mark first anniversary of disaster

Bangladesh garment workers still vulnerable a year after Rana Plaza

Rana Plaza Disaster

Rana Plaza survivors fearful as they continue to work in garment factories

A worker sews plaid shirts on the production line of the Fashion Enterprise garment factory.

Bangladesh: ‘$150m’ cost and 18 months to make factories safe

11 Tips to Owning a Successful Small Business

1. Start Slowly
2. Don’t Jump into a Partnership
3. Cash Flow
Your business lives and dies with cash flow. Make conservative estimates about sales and costs.
. Know the Market
Don’t jump into a business just because the numbers look great. Work in the industry before you open your own shop.
5. Sales
Every great small business idea still needs selling and marketing to run profitably. But understand that these are two different skill sets.
6. Marketing
You might have the best products in the world, but if people don’t know about it, you’ll never keep your doors open.
7. Reduce Risks
8. Your Plan
Your business plan isn’t a guarantee of success, but you can almost guarantee failure if you don’t have a plan.
9. Talk It Up
Don’t keep your ideas to yourself. Discuss your business idea and plan with trusted business people you know. Get their input.
10. Be Flexible
11. Focus on Your Goals
The reason you go into business is to have more control over your life. You can better control how much money you are going to make and what your life is going to look like if your business is successful.

http://wealthpilgrim.com/9-tips-to-owning-a-successful-small-business/

Half of mothers and quarter of fathers suffer workplace discrimination after children

A landmark report released today by the sex discrimination commissioner has revealed almost 50 per cent of Australian mothers and more than a quarter of fathers and partners reported experiencing discrimination in the workplace at some point during pregnancy, parental leave or when they returned to work. Commissioner Elizabeth Broderick says the national survey of workers and employers has found indisputable evidence of widespread discrimination of pregnant women and their partners in all sectors and at all levels. MORE

"No group is immune": Sex Discrimination Commissioner Elizabeth Broderick.

Entrepreneurs vs. Managers: What’s the big difference

Entrepreneurs vs. Managers: What’s the big difference?
1. The Job of an Entrepreneur Begins Before Even the Business is Created

An entrepreneur will perceive an opportunity, assemble a team, locate resources for his new business idea, raise the needed capital and start the business while the manager comes in only after the foundation has been laid and the business established. What this mean in essence is that the job of a manager begins only after the entrepreneur has done the ground work. Without entrepreneurs, the managers will have no business to manage.

2. Entrepreneurs are more concerned with the launching and sustainability of a business in the face of uncertainty while managers are more concerned with the effective and efficient operation of an on-going business.

3. Managers are specialists; business management specialist to be precise. They are focused on managing and growing a business. On the other hand, entrepreneurs are generalist. They need to know a little about everything. An entrepreneur must know a little about product development and design, business law, accounting, communication and public speaking, investing, leadership, business systems, finance and insurance, marketing and sales, raising capital and so on. An entrepreneur’s cup must never be full.

“A cup that is full is useless.” – Chinese proverb
4. Entrepreneurs are street smarts; they learn by trial and error, they learn from their own mistakes and the business mistakes of others. An entrepreneur starts with whatever is on ground and learns the hard way. That’s why most of the successful entrepreneurs of the world are school drop out billionaires. On the other hand, managers are thoroughly trained in school in the area of business management. That’s why they are refered to as MBAs. Entrepreneurs get their education from the streets.

“Business and financial intelligence are not picked up within the four walls of school. You pick them up on the streets. In school, you are taught how to manage other people’s money. On the streets, you are taught how to make money.” – Ajaero Tony Martins
5. Financial freedom is the utmost priority of entrepreneurs. Freedom to do what they want, freedom to live the kind of life they love and freedom to make a choice. To managers, security is the utmost priority. Security comes in the form of a steady paycheck, pension, gratuity, pay raises, job titles, promotions, bonuses and entitlements.

6. An entrepreneur owns the business; a manager is simply an employee that works in the entrepreneur’s business. In essence, a manager owns a job. A manager is paid to run the entrepreneur’s business.

7. The reward of entrepreneurs come in the form of capital gains, asset acquisition, cash flow, and dividend while the managers reward come in form of salaries, pay offs, promotion, job title, bonus and incentives.

8. Entrepreneurs thrive on risk and uncertainty. To entrepreneurs, risk and uncertainty are part of the game of entrepreneurship; risk is what makes the game exciting. Managers on the other hand are conservative and detest risk; they simply avoid it.

“Without the element of uncertainty, the bringing off of even, the greatest business triumph would be dull, routine and eminently unsatisfying.” – J. Paul Getty
“You must take risks, both with your own money or with borrowed money. Risk taking is essential to business growth.” – J. Paul Getty
9. Entrepreneurs see mistakes as an avenue to learn something; they learn more from their business mistakes. Managers avoid mistakes because it will cost them their job. Besides; that is why they are being paid; to avoid mistakes. That is where the word “professionalism” comes in.

10. When entrepreneurs come together to pool resources or network, they form a team but when managers who are usually employees come together to work towards a common goal, they form a union.

11. Entrepreneurs are primarily motivated by the need to build a business that solves a problem or provide a need, while providing them cash flow and freedom. Managers on the other hand are motivated by the next paycheck, bonus, incentive, pay off, job title and promotion.

12. Entrepreneurs are committed to the business from its inception till they achieve their goal. Managers on the other hand are committed till the next paycheck; delay or cut their paycheck and they are gone.

“I’m not afraid of turning 80 and I have lots of things to do. I don’t have time for dying.” – Ingvar Kamprad

Source: http://www.mytopbusinessideas.com/entrepreneurs-vs-managers/