Reference no: EM133296249

Part A

Question 1:- How prestigious is the journal that you are using?
This journal is prestigious enough to be a reliable source. This source is regarded as a must for reading in the domains of management, organizational psychology, corporate strategy, and human resources by both working professionals and students in those subjects. My decision to go with it was influenced by the fact that it originated from a trustworthy source and had a catchy title that drew my attention to it.

Question 2:- What is the journal's impact?
The impact on this journal is huge to our society. In today's linked global economy, modern slavery is one of the most extreme forms of worker abuse that may be found. It is estimated that tens of millions of people are victims of modern slavery on an annual basis. Modern slavery is described as "situations of exploitation that a person cannot reject or leave owing to threats, violence, force, fraud, and/or abuse of power." This journal caught my attention due to the hard times for minorities in todays society. With being a black man in America, I still find ways that the old ways of racism and slavery are still used but much more non-deliberant.

Question 3:- How widely published are the authors of this article?
This article is widely published with multiple authors such as; Andrew Crane from the University of Bath, Bath, UK, Genevieve LeBaron from University of Sheffield, Sheffield, UK, Kam Phung from York University, Toronto, ON, Canada, Laya Behbahani from Simon Fraser University, Burnaby, BC, Canada, & Jean Allain from Monash University, Clayton, VIC, Australia.

Question 3:- Why did you choose this article?
I personally chose this article because of the hard times our society is going through. With having sort of a recession right now, I still believe that us as a race, still go through "slavery', but in a different manner. I believe that their is modern day slavery in factories and other aspects of the world. An emerging body of research on the business of modern slavery has emerged in response to the widespread occurrence of such extreme forms of exploitation. Topics of study include the impact of supply chain management practices on the prevalence of modern slavery.

Question 4:- How did the prestige of the journal and of the authors influence your choice?
Honestly when looking into different journals, I didn't take account in who created the article. The only impact/influence I took was If the source was reliable or not. With reading the article, it definitely opened my eyes on other factors of modern day slavery. Relating this to my life, with owning a clothing brand, I source a lot of different materials form different areas across the world. With sourcing from Pakistan, I've seen sweat shops where there are underage kids working under the table paid under waged. This article allowed me to understand the role of supply chain management practices in contributing to modern slavery.

Question 5:- What is the article about?
This article explains how companies and government organizations are interested about eradicating modern slavery, yet little is known about its business ramifications. To address this gap, researchers focus on slavery's economic patterns in industrialized countries following abolition. New economic models have emerged based on diverse actors, activities, and relationships. We categorize these four new models into two categories: producer and intermediate.

Question 6:- What are the limitations of this article?
Personally I don't think this article has any type of limitation. With extracting and disecting modern and past slavery, I think the audience can gap the differences and similarities between both. The article even speaks about how past slavery changed the business model. The article said; According to Amit and Zott's model (2012), we suggest that slavery plantations changed their business models by changing who performed key value creating activities since they relied on enslaved labor rather than waged labor. Enslaved labor created an advantageous cost structure, converting a variable cost to an upfront fixed cost with a modest payback.

Question 7:-Why should others read this article?
This article is important because understanding its business models is essential for designing successful solutions. In order to effectively combat contemporary slavery, we need a deeper understanding of the commercial contexts in which it thrives, as well as the political economy processes that contribute to the widespread exploitation of workers in the global capitalist economy.

How does reading a peer-reviewed article enhance your understanding of business law in ways different from reading a textbook?
In contrast to a textbook, which may include fabricated or inaccurate information, most of the peer-reviewed articles in this one have been shown to be correct or are based on actual events, and they include examples from real life. In addition, this is a recently updated article. The textbooks are outdated. Since a lot of time has passed since then, I found that this essay was quite useful in comprehending corporate law. When it comes to business law, I would say that I almost prefer reading the scholarly articles as opposed to textbooks because the advantage of articles is that they are likely to have more up to date information, and in addition, they make the real world applications of the concepts discussed in textbooks very obvious. For this reason, I would say that I almost prefer reading articles as opposed to textbooks.

Part B

The peer reviewed business law article I will be discussing is "Parental liability as tort in the United Kingdon part 1: How the past informs the challenge of contemporary regulation. This article was highly prestigious because it talks about how parent companies of multinational corporations hold liability for tort negligence for harm caused by their foreign based subsidies. This article is huge because it's based on large companies holding their smaller counterparts accountable. The impact of this journal is that is show cross border torts, this has developed naturally for other countries such as France, Switzerland and Germany they have developed ways which are more reflective of recent international accountability standards. The Author Gregory Chilson isn't widely published, just a few articles all pertaining to business law and companies. I chose this article because I felt it was different, the title and what the article is about can throw someone off because that is what it did for me. Once I got to read the article it was very interesting to learn about how international companies operate when it comes to their smaller counterparts and how those companies are held accountable through torts. Also, it was different to me because it was about foreign companies and not American companies, so it showed be a different insight on how other nations operate, not to mention it fits the requirements. The prestige of this journal and the authors Influenced me to choose this article because of the topic it wasn't about simple business law, it was about some of the highest most serious business law there is when it comes to parent companies of multinational corporations. This article is generally about how parent companies hold accountability to their multinational corporations and how it is much different in the UKL than is neighboring nations such as Europe, Switzerland and Germany. The limitation of this article is there isn't a ton of information so you must comprehend and really take the slight information that is given, I think it would have done the article more justice if there was more information on the topic. I believe others should read this article because it's a really good read about business law, if you're learning about business law or in business law there is good information that could be useful to you. Reading a peer reviewed business law article enhances my understanding rather than reading from the book because you can see it from another person's point of view. You can see their description of it, the good of the article and the bad of the article, It's a more reliable source.

Chilson, Gregory. 2022. Parental Corporate Liability as Tort in the United Kingdom Part I: How the Past Informs the Challenge of Contemporary Regulation.