The Ethical Dilemma Of The Foxconn - 1924 Words

Executive Summary Apple, an American multinational corporation, better known for iphone and ipad, is facing an ethical dilemma having involvement of its biggest supplier, Foxconn, who is china’s leading employer with 1 million employees. The current working conditions, low wages, and protest in term of committing suicide put the company into ethical dilemma. The main ethical dilemma about the Foxconn is that whether it’s ethical for the company to place the firm’s benefit ahead of employee’s value. Foxconn is the world’s largest contract manufacturer of computers and electronics, but it may not be able to serve its clients if it is unable to maintain its aggressive cost-management policies. The purpose of the paper is to provide the overview of the ethical issue, analysis of the dilemma using ethical lenses, and provide some recommendations to reduce the issue. This issue is very important to consider for Foxconn, and even for Apple as the company is always committing to provide safe and healthy working conditions, fair wages, treat their employees with dignity and respect. This issue needs to consider because the employees are scarifying their personal needs and even losing their lives due to the bad working environment. Foxconn employees committed suicide by jump-off from the factory’s roof to protest the working conditions. We can relate the Foxconn suicides to the ethical lens because China always considered as the cheap source for doing the assembly, manufacturing andShow MoreRelatedBusiness Ethics: Apple, Inc. Essay1111 Words   |  5 PagesApple is a company facing a lot of ethical dilemmas. Since it is such a large and rapidly growing company, they face a lot of scrutiny from the media. Apple also faces a lot of pressure to be competitive in the technology market. As a result of this, companies tend to cut costs in as many w ays as possible, some of which aren’t always ethical. One of the most typical ways businesses cut costs is by lowering production costs, which entails outsourcing for cheap labor. However, in order for labor toRead MoreEssay about Foxconn and Apple1630 Words   |  7 PagesSubject: Apple and Foxconn controversy from the eye of the consumer Over the last couple years, Apple and Foxconn have been partaking in poor business methods thus causing them a great deal of deserved criticism. The consumer, must decide whether or not to continue buying from Apple because the consumer is what causes Apple to continue to make new products which results in the poor conditions at Foxconn. Foxconn and Apple violate many ethical, moral and basic human principles. The Situation Read MoreThe Ethical Relationship Between Apple And Foxconn1120 Words   |  5 PagesHowever, society are unaware about the rising ethical issues that are presented behind the production of different technologies. The relationship between Apple and Foxconn displays a strong primary example of the ethical issue. Apple is perceived as one of the dominant technological and innovative company providing the world with its technology. Despite this, Foxconn ultimately faced many ethical issues as a supply chain of Apple’s products. The ethical issues that are presented are low working conditionsRead MoreEthical And Ethical Decision Making1500 Words   |  6 Pagesmore important than others, ethical decision making is a skill that has become increasingly pivotal. Jones states that a ‘moral issue is present where a person’s action, when freely performed, may harm or benefit others’ and defines ‘an ethical decision is a decision that is both leg ally and morally acceptable to the larger community’ (1991, p. 387). In order to create a company wide culture of ethics, employees must believe that the organization has a desire to be ethical and see proof of this fromRead MoreBenefits Of Moving Production Overseas1507 Words   |  7 Pagesif necessary discontinue those business relationships. In the current global age, poor working conditions in a factory can become global news almost instantaneously. For example, Asgary and Li (2014) tell the story explosion which happened in a Foxconn factory, killing four workers and injuring several more (p. 665). This tragic accident in the plant may have gone unnoticed in the western world, except for the fact that this portion of the facility created the Apple iPad. The accident now becameRead MoreEthics in Supply Chain Management2768 Words   |  12 Pagesexamine the ethic of largest computing corporation (Apple) in its relationship with its main manufacture (Foxconn). Then, I will try to consider and apply due diligence in supply chain management care fully to solve their unethical situations. Other hand, I will analysis the impact of supply chain issues to Apple’s stakeholder. Thereby proving the importance of applied the Due Diligence in solving ethical issue in supply chain management. 2.0 Introduction Due Diligence in business is term used to evaluateRead MoreEthics in Supply Chain Management2776 Words   |  12 Pagesexamine the ethic of largest computing corporation (Apple) in its relationship with its main manufacture (Foxconn). Then, I will try to consider and apply due diligence in supply chain management carefully to solve their unethical situations. Other hand, I will analysis the impact of supply chain issues to Apple’s stakeholder. Thereby proving the importance of applied the Due Diligence in solving ethical issue in supply chain management. 2.0 Introduction Due Diligence in business is term used to evaluateRead MoreApple, Edm And Ethical Dilemma1418 Words   |  6 PagesEDM and ethical dilemma Apple is undeniably positioned as the worlds most innovative and valuable technology company. Apple has successfully used simplicity and intelligence to take over the world of technology. Steve Jobs lead Apple to substantial accomplishments and vast income continuing when Tim Cook picked up leadership in early 2012. Although this company is undoubtedly financially wealthy, an ethical dilemma concerning Foxconn’s working conditions has been called into question. Foxconn, a keyRead MoreEssay about Responsible Commerce2022 Words   |  9 Pagesthe company is mindful of the environment then they are not only helping towards a sustainable future but they are avoiding upsetting large groups of stakeholders. Reflection Responsible commerce focuses on how we use and should use traditional ethical views to evaluate how institutions organize human behaviour (Dienhart, 2000). It means that part of a company’s activity is the fulï ¬ lment of the duties and responsibilities that they have to the wider community, or that they contribute to the commonRead MoreQuestions On Ethical Theories And Tests1363 Words   |  6 Pages7 Ethical Theories/Tests In this section we will run the concept of automation in the workforce through 7 ethical theories/tests, to see if this concept fits ethical implications used in business. The principals under the Utilitarian Theory suggest that there must be a balance effort, that the harms do not outweigh the benefits (Jennings Units 1-3, 2015). This theory is most well known as â€Å"the greatest good to the greatest amount of people (Jennings Units 1-3, 2015).† The overall value of automation

Censorship Essay - 1002 Words

Censorship The Columbia Encyclopedia defines censorship as the official prohibition or restriction of any type of expression believed to threaten the political, social, or moral order. It is necessarily broad definition. Any type of expression in fact, covers just about everything from clothing to print to movements and even to simply being. George Bernard Shaw described assassination as an extreme form of censorship. It is now omnipresent in society and has been as long as society has existed. If one were to consider the course of an idea (and it is essentially ideas that are being censored) as its natural evolution, censorship takes this evolutionary course and disrupts and changes it, often until it is no longer the same†¦show more content†¦Once the deed is done, the story smothered, the act is forgotten until a violation occurs or something else offends the sensibilities of those in power. The censored ones though, do not forget. They feel the loss of a story, or not the exact los s of a story itself, but of others access to their story. This access is all-important because a story is not unlike a parasitic alien from a bad sci-fi thriller: it needs new hosts, new minds to infect which will consider it and then in turn perpetuate it by sharing it with other minds. The attempt of censorship is to kill the story. I do not believe that a story can in fact be killed, but for all practical purpose, it lies dormant for untold years. I believe that once a story enters a person, they are changed by it and therefore change their world because of/ in response to that story. Every action one does is a direct result of her stories, whether or not she may want them. Even if they were forcible imposed on her, she is nevertheless a product of them. BUT censorship at its most effective impedes the spread of information and stories. In addition, it should be noted the official stories and unofficial stories and their respective paths and rates of evolution can vary greatly. In her book Censorship, Sue Curry Hanson highlight difference; she discusses the ways in which whose who are not officially permitted to tell their story manageShow MoreRelatedCensorship : Censorship And Censorship Essay1513 Words   |  7 PagesIn the modern sense, political correctness has become a form of censorship. With protestors forcing students to find alternate routes to school or pushing the administration to cancel guest speakers in fear of triggering students, the modern-day university is no longer a place of free, critical, thinking, but a place of censorship. Political correctness (is used to describe language, policies, or measures that are intended primarily not to offend or disadvantage any group of people in society. InRead MoreCensorship And Censorship Of Music1544 Words   |  7 Pagestoday’s music, otherwise know n as, censorships. A crisis has emerged concerning the issue of censorship. This argument consists of two possible stances: one, supporting the continuation of censorship, and two, eliminating the status quo of censorships in the music industry. There have been countless debates and arguments regarding the issues of censorship ever since the U.S. Congress passed the Radio Act in 1927 (The History). The time has arrived for censorship to be brought to an end. The governmentRead MoreCensorship And Censorship Of The Internet985 Words   |  4 Pagestruth.. This influenced freedom of the press rights and embracing those rights to the constitution (Linder). Recently the issue of Censorship of the Internet in America has become a trending topic. The internet has been commonly censored to comply with the Digital Millennium Rights Act, but in recent times our government has been requesting more aggressive censorship in order to provide a safer cyberspace. If the American government began t o censor the internet, the restriction will result in suppressionRead MoreThe Censorship Of Internet Censorship3057 Words   |  13 Pages Internet Censorship Student’s Name: Institution Name: Internet Censorship Internet censorship refers to the suppression and control of what people can access, publish, or view on the cyberspace (Reynolds, 2014). It may be done by regimes or private firms at the command of the government. It can be a government’s initiative is or carried out by regulators. Organizations and individuals may practice self-censorship for religious, business or moral reasons to comply with societal normsRead MoreCensorship And Censorship Of The Internet1754 Words   |  8 PagesCensorship of the Internet is on the rise in highly populated states today. Although the Internet is considered as one of the most significant tools for the public sphere, many users have decried the Internet’s benefits and seen the Internet as a ‘double-edged sword’. Even as the Internet connects most of the world and gives valuable access to information, the same tool allows access to material that may be considered dangerous or harmful. The recent increase in discussion on the act of censorshipRead MoreEssay on censorship846 Words   |  4 Pages â€Å"Censorship is the act of suppressing publications, movies, television programs, plays, letters, and so on that are considered to be obscene, blasphemous, or politically unacceptable† (MccGwire 4). Censorship should be enforced because it is needed into today’s society. Censorship needs to be used in media, hate speech, and obscene material. nbsp;nbsp;nbsp;nbsp;nbsp;To begin with, the media has very negative effect on society as a whole. â€Å"The mass media—movies, television, and recordings—needRead MoreCensorship Essay1325 Words   |  6 PagesCensorship â€Å"Congress shall make no law†¦prohibiting the free exercise thereof; or abridging the freedom of speech or of the press, or the right to petition the government for a redress of government.†(Ravitch, 118) As stated in the First Amendment of the United States Constitution, the people of this nation have the right to exercise their beliefs out loud, or in writing. With this in mind, does the government have the right to undermine the foundation of our nation, and censor what we readRead MoreThe Debate of Censorship766 Words   |  4 PagesRights guarantees its citizens the freedom of expression, but how far does that freedom extend? Does the right to express yourself include the right to observe the expressions of others? According to pro-censorship view holders, it does not. But to those who feel strongly against censorship, the freedom of information, or the â€Å"right to know,† should be an absolute right granted to the American public. Censoring mate rial is the responsibility of the individual, not the institution itself, andRead More The Censorship Debate795 Words   |  4 Pages The Censorship Debate nbsp; nbsp;nbsp;nbsp;nbsp; Do words such as nigger, bitch, or ass offend you?nbsp; The answer may seem clear cut, but our nation has been struggling with the issue of censorship almost since its conception.nbsp; To many, the aforementioned words are a part of their everyday vocabulary; to others, they are vulgar and unacceptable.nbsp; The issue of censorship is much more than just words.nbsp; There have been huge controversies over the negative ideas andRead MoreCensorship in the Media1115 Words   |  5 PagesIs Censorship necessary? â€Å"Once a government is committed to the principle of silencing the voice of opposition, it has only one way to go, and that is down the path of increasingly repressive measures, until it becomes a source of terror to all its citizens and creates a country where everyone lives in fear. -- Harry S Truman Thesis: Although some people believe that censorship is adequate to select what things does the society will be good and can live around it while others believe that there

Why Germany Lost the First World War Free Essays

Why Germany lost the First World War The First World War ended with the triple entente as victorious (with help from the Americans). Some reasons to why the allies won the war were because of; Germany had to fight a war on two fronts, the unstable political situation in Germany, the allied naval blockade, German economy, failure of the schlieffen plan, interception of the Zimmerman telegram, the German naval blockade on Britain (sinking of American ships), development of the tank and anti-submarine weapons, the advancement of new technology that required new tactics. The Naval blockade The British blockade was a key factor in the defeat of Germany. We will write a custom essay sample on Why Germany Lost the First World War or any similar topic only for you Order Now Starved of supplies, the German army was weakened and the German people lost some of their will to support the war. The war at sea was one of the main factors that contributed to Germany’s defeat. To help the British navy survive against the German submarines the British used several different techniques to stop their boats from being destroyed. The British used mines and depth charges. Also to reduce the allied shipping losses all merchant ships travelled with a military convoy which provided protection to the merchant ships. When the convoy formation was applied the allied shipping losses decreased by 20%. Another technique used was Q ships. Q ships were merchant ships with disguised heavy guns. Q ships were the reason that German submarines stopped warning the enemy ship that it was about to attack. The effect of the British blockade of Germany was that there were 300,000 deaths that were related to malnutrition and starvation during 1914-1918 among civilians. The blockade also cut supply chain of nitrate that was used to make explosives and also used in fertilizers. Weaponry The tank was a British invention. It was first used at the battle of the Somme. The tanks advanced in front of the infantry, crushing barbed wire fences and spraying the enemy with machine-gun fire. Yet the tank was very unreliable since half of them broke down before reaching the German trenches, also the tanks were not very agile they moved at first only at a walking pace and the tanks were not very maneuverable. Also the Germans used poison gas (first used in Spain) to fight the enemy this weapon was very effective in the war, yet this weapon was unreliable due to its dependence on the direction of the wind. Since if there was a sudden change of direction in the wind the poison that was just released could be swept back against the Germans. Due to the circumstances of the war as it changed from a quick and rapid war to a static war with the use of trench warfare and competition of modern weaponry. Failure of the Schlieffen plan The German plan was to sweep towards France thinking that Russia would be very slow in mobilizing its troops. The plan was to sweep in through Belgium (Germany thought that there was not going to meet any resistance from Belgium and also not it did not think that it would be violating the treaty of London), then sweep in towards Paris and invade France. After France had been invaded they would direct their forces towards Russia whom they thought would be very slow mobilizing its troops. The Germans were wrong about the Belgians, the Russians and the English. The Belgians put up great resistance there by slowing the advance of the German troops. The Russian army was a lot quicker to mobilize than expected so now Germany was ending up doing what they wanted to do the least fight a war on two fronts. The Belgians slowed down the German troops long enough for the entente troops to arrive to meet the German troops. Due to the equality in strength this led to a race to water in effort to bypass the other army. This led to trench warfare. The Germans were not prepared to do this type of war, they did not have the resources to do this due to the british naval blockade. Concerning the Schleiffen plan there were a few severe miscalculations that led to gargantuan problems, the Germans had miscalculated the amount of soldiers, supplies and communication that required to be transported across the country from east to west and back. This miscalculation was not expected due to Germany thinking that Russia would be slow to mobilize and thereby give Germany time to first beat the French then later turn all their forces towards the east to face Russia. Weak Allies Germany had chosen her allies badly, they had allied themselves to the decaying Austrian Empire, Ottoman Empire and Italy. Germany had chosen badly when relying on Italy to help out in the war since as soon as war was declared Italy pulled out of the alliance. Also Germany had to constantly assist the Austrian Empire in protecting their own territory. This led to problems as this exhausted troops that would and should have been sent to fight the war in the trenches. Germany also sent supplies that should have been sent to the soldiers fighting on the front line. If Germany had stronger and more reliable allies then the outcome of the war would have been different. Political Unrest As the war went on and millions died Germany’s censored propaganda released only tales of glorious combat and victory. As this propaganda continued the nation was starting to suffer from the naval blockade. As thousands were dying the nation was releasing posters saying how well the war was going. The false propaganda started unrest inside the German nation, the unrest came from both outside the government yet also from inside. The socialists wanted to seize the power and take control of the nation, whilst this was happening inside the country soldiers were starting some unrest as arguments and some minor protests came up, these protests led to mutiny on the seas. The involvement of USA The Germans also tried to make a naval blockade of their own on Britain. They also included a policy of â€Å"unrestricted submarine warfare against all ships that they suspected were carrying supplies to britain†. This was very effective since the British were suffering from the shortages of supplies. Yet the germans also sank a great amount of American ships which helped bring the Americans into the war. When the Americans discovered the Zimmerman telegram about how Germany hoped to ally itself with mexico against them the final song had been sung. USA declared war on Germany on April 1st 1917. The war devastated Europe, it changed the geography of countries for a very long time, it destroyed empire such as; the Austrian Empire, The Russian Empire, the German Empire and later the Ottoman Empire. How to cite Why Germany Lost the First World War, Papers

Evolution of the Finance Function - Click To Get Solution

Question: How the finance function has evolved over time from playing a traditional role to a more advanced role? Answer: In this era of 21st century, where internet has become part and parcel of our life. Globalization, new forms of competition, and higher investor expectations has expanded the roles of finance function. The growing range of business and organization opportunities has contributed to the need to reassess what finance staff does. It is highly needed as to what finance staff should do and how they can add value to the business. Nowadays CFOs are required to create more proactive and forward looking agenda so that business can survive in this competitive world. It is highly required by accountants to move their roles from score keepers to a more proactive score maker role. Traditionally, in many businesses, the role of finance function has been in the background keeping track of the money. They used to do functions like payroll, payables, receivables. They used to handle matters like controlling costs and budgets and reporting on all of this. But top management is demanding more and better data production faster with more consistency. This led to the development of bigger and better ERP systems led by the finance function. Still, the problems were not solved as because top management wants the finance function to focus on greater and greater details. More and more data does not give valid information for better business decisions. Finance function should provide data which will provide judgment on performance of the whole system. They should provide information on profit centers and cost centers and also on make and buy alternatives. Hence the role of finance functions has become very wide. There is lot of challenges in the finance sector but with the upcoming of globalization that has affected the finance sector a lot. During the past two decades, financial markets around the world have become interconnected. It has brought lot of benefits to the investors and savers. But on the other hand lots of challenges and risks has emerged in the economy. In todays world of globalization lot of financial options are there. Three decades ago, borrowing of loan from domestic bank was restricted but today we have many more option to choose from. We can shop around the world for loan with lower interest. There are lot of forces which is driving globalization of finance. Today there is also globalization of national economies. In this competitive world for eg. if someone is manufacturing television sets then also there are lot of competition like manufacturing can be done at one place and distribution at other place. So this has led to the increase in the demand of cross-border finan ce. There are lot of changes in the capital market also. The finance function is trying hard to adapt to the challenges in order to serve management in the better way. Managing global organizations has been a business challenge for centuries. Leaders of todays finance functions continue to work hard so that they can boost their relevance. They are also trying hard to add value to the business. They have also started working on strengths, weaknesses and critical capabilities across core finance process areas. Finance function is working on proactive basis like what will be the changes in the finance operating models, control and systems in the coming years. It has become the role of finance to examine how much amount it is going to invest in future with efficiency and effectiveness. Finance function is also trying hard to shift its focus from basic transaction processing and financial reporting and control activities to strategic and forward looking performance. They are also learning from senior finance executives so that their knowledge c an lead to greater success. Being global brings clear strategic benefits. It has brought ability to access new customer markets, new suppliers and new partners. There is lot of scale and scope benefits also. Finance function is also trying hard risk can be diversified and loss can be avoided. Finance leaders are trying to do lots of research and development work so that proper investment can be made by them which can yield greater returns. Large companies enjoy economic leverage. They are trying to achieve economies of scale. After lot of research works The International Monetary Fund confirms that the ten fastest growing economies during the years ahead will be in the emerging markets. Working capital can be calculated by subtracting Companys current liabilities from liquid assets. Calculation of working capital is easiest of all as because it gives the true picture of any company. It gives the investors lot of information about the company. Current Assets Current Liabilities = Working Capital. It helps the finance managers to for see any financial difficulties that may arise. Poor working capital leads to the financial pressure on the company. Working capital is a also a common measure of a companys liquidity. It also tells us about the efficiency and overall health. Positive working capital means that company is able to pay off its short term liabilities immediately. But negative working capital indicates that company is unable to do so. Inventory is a major component of working capital. There are lot of companies who try to avoid this situation by investing so that shortages of working capital can be avoided. Working capital shortages can lead to the closure of business. There are two kinds of working capital: Gross working Capital and Net Working capital. Management of working capital is considered to be one of the most important area of day to day management of a firm. It is concerned with adequacy of current assets. Current ratio and acid test ratio is the best indicator of working capital situations. There is also a working capital cycle. There are various components of operating cycle. Raw Material Storage period, Work in progress etc. There are lot of factors which the management considers at the time of determining the working capital like production policies, Nature f Business and credit policy. There is balance sheet information about TCS for 2013: Total Current Assets = 31576 crores Total Current Liabilities = 11842 crores Therefore, Working Capital = 19734 crores There are lot of other factors which also which affects the working capital like Marketing conditions, conditions of supply, Growth and expansion, level of taxes, dividend policies, price level changes, operating efficiency and inventory policies. The need of working capital varies according to the production policies and it provides support system to the management. The calculation of the working capital provides the management about the need of as to how much working capital is required and when. The working capital is very useful in the company. It depicts the financial performance of the company. There is a lot of holistic approach to managing the end to end processes that influence working capital performance. No business can run without adequate investment in working capital. It provide support system to the management. It is basically refers to the amount of fund required to finance current assets. So in this way it can support to the finance function. So, the role of finance function has extended a lot and if calculation of working capital is done properly then it provides greater support to the management. There is lot of possible roles for the finance function in a corporation. The role of finance is basically to focus on reporting and compliance but financial accounting management is also important. Finance serve as the integral part of the management team. Hence working capital management is very important part of finance function. References https://www.researchgate.net/publication/242620337_Working_capital_management_efficiency__A_study_on_the_Indian_cement_industryhttps://www.ijept.org/index.php/ijept/article/view/Evaluating_the_Impact_of_Working_Capital_Management_Components_on_Corporate_Profitabilityhttps://gbr.sagepub.com/content/12/1/159.abstracthttps://astonjournals.com/manuscripts/Vol2012/BEJ-60_Vol2012.pdf