Question

Identify the ethical issue related to foxconn scandal

Answer 1

Foxconn ethical issue

Generally speaking, ethical reasoning relating to business has been characterized by two approaches.

• One approach defines ethical behavior in terms of what is right and the other approach determines what is ethical in terms of consequences or outcome of any given action.

• Ethical standards imply that human beings have basic rights. If we were to add this theory into the Principle of Rights Equation, we can conclude that the key factor to determine if a business decision is ethical is to analyze how the decision will affect the right of others. Corporate Social responsibility is an idea which states that those who run a corporation can and should act ethically and be accountable to society for their actions. Let’s not forget that the code of conduct indicates the company’s commitment to legal compliance, as well as the responsibility and accountability for their customers, its employers and its suppliers.

• Apple, the American Multinational Corporation, better known for the iPhone and iPad, is embroiled in a worldwide ethical scandal involving its biggest suppliers, Foxconn Technologies. Foxconn, worth $60 billion, is China’s leading employer with an estimated 1 million employees. Foxconn’s Social and Environmental Responsibility (SER) committee has set up a management system which complies with international standards, national laws, regulations, and customer requirements for the company’s development and sustainable improvement.