Stanford Graduate School of Business (USA)
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Knights Apparel and the Alta Gracia Factory: Paying a Living Wage - Teaching Note
Paul Brest, Debra SchifrinnTeaching Note SGSB-SM237TN-EStrategyIn 2014 The Alta Gracia clothing factory in the Dominican Republic was doing something quite unusual in the industry; it was paying its employees a living wage, which was 350 percent higher than the country’s minimum wage. Knights Apparel, which owned the four-year old factory, also provided benefits, health care, and allowed the workers to unionize. Most apparel factories paid employees a minimum wage, which in some places was not enough to pay...Starting at €0.00
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Dozier Industries
Bruce McKern, Mark EakerCase SGSB-F163-EFinanceDozier Industries was a U.S. manufacturer of electronic security systems. In 1994, it received a large order from the United Kingdom, which stipulated payment in Pounds. The company received a deposit, with the balance expected to be paid in 90 days. The contract provided a slim profit margin, which could be easily eliminated by an unfavorable change in exchange rates. The Chief Financial Officer had to decide whether to accept the foreign exchan...Starting at €8.20
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Knights Apparel and the Alta Gracia Factory: Paying a Living Wage
Paul Brest, Debra SchifrinnCase SGSB-SM237-EStrategyIn 2014 The Alta Gracia clothing factory in the Dominican Republic was doing something quite unusual in the industry; it was paying its employees a living wage, which was 350 percent higher than the country’s minimum wage. Knights Apparel, which owned the four-year old factory, also provided benefits, health care, and allowed the workers to unionize. Most apparel factories paid employees a minimum wage, which in some places was not enough to pay...Starting at €8.20