Ethics Essay Example | Topics and Well Written Essays - 1750 words

Ethics - Essay Example Moreover, the organizations can preserve a sustainable working environment by taking into concern the aspect of ethics in the current business context. Introduction Ethics is principally described as a philosophy of study which is particularly concerned with the assessment of human behavior. The aspect of ethics involves the learning about determining the correct as well as the incorrect activities which occur in the workplace (Singer, 1993). In this context, it can be stated that it is quite important particularly for the business organizations to manage ethics in a specific workplace in order to gain broad variety of benefits. The benefits include cultivating strong output as well as teamwork, supporting the growth of the employees and effectively organizing as well as managing the values linked with quality, diversity and strategic planning management (Guha, 2008). In this paper, a current ethical issue which is faced by Apple Inc. associated with one of its suppliers i.e. Foxconn will be taken into concern. Moreover, a detailed analysis about the emergence of the ethical issue along with formulating an effective plan in order to deal with the issue will also be depicted in the discussion. A Brief Overview of Apple Inc. Apple Inc. is an American based multinational business organization which designs as well as sells broad assortment of consumer electronics, personal computers and computer software. The various standardized products of the company include iPod, iTunes, iPad and iPhone among others (Apple Inc., 2012). The company pays much attention and significantly focuses upon designing its products in such a way so that there lays a minimum affect upon the environment (Apple Inc., 2012). Moreover, the company remains much committed to preserve the highest benchmark of social responsibility by delivering safe working atmosphere and treating the working personnel with equal dignity as well as respect (Apple Inc., 2012). Analysis of Current Ethical Issue It has been viewed that Apple faced an ethical issue associated with one of its key suppliers named Foxconn while producing the valuable products of the company. According to the investigation made by Fair Labor Association (FLA), Foxconn has been involved with few ethical issues which include the working hours of the employees, health as well as safety, compensation and worker integration along with industrial relations. The report of the investigation which is conducted by FLA has revealed that Foxconn has failed to comply with the ‘Workplace Code of Conduct’ as well as labor law which prevails in China. From the perspective of the ethical issue relating with the working hours of the employees, FLA has identified that the standard amount of working hours of the employees per week at the factories of Foxconn surpassed the standard guidelines of FLA. This particular issue was observed in every factory of Foxconn (Scribd Inc., 2012). The principal causes behind the increase d rate of the working hours which surpassed the legal guidelines

Rolls-Royce Corporation Assignment Example | Topics and Well Written Essays - 250 words

Rolls-Royce Corporation - Assignment Example The richer airlines which can afford its huge price tag will get tremendous fuel savings (by flying non-stop 8,000 miles), a higher efficiency (fewer crew needed as each plane can carry up to 550 passengers), less stop overs and thereby save on airport landing fees that results in greater economic viability. The savings derived can thus be used to counteract budget airlines which operate on lower costs. For the poor countries, creative financing schemes can be made available for them, like barter (part cash and part payment in kind, such as mining or agricultural commodities). Financing can also be arranged for them, such as through the World Bank at very concessional rates or through its private subsidiary, International Finance Corporation (IFC). For both types of customers (rich airlines and newer but poorer airlines), a main drawback or disincentive is the price which can run into several million dollars. To help address this concern, Rolls-Royce can help them obtain financing at favorable terms, either by syndicated loans, leases (wet, dry, operating, option, walk-away, etc.) or direct government guarantees (U.S. ITC 9). It can manage these various stakeholders based on the degree of interest and power it wields on the particular project, based on the four quadrants as shown in Figure 1 below. This simple yet effective tool is for creating a sense of priority amid the jumble of conflicting and often contradictory demands and maps the several stakeholders; it can simplify the task by the order of priority based on the classification of their individual concerns (Bourne 65). In a final analysis, what keeps all stakeholders together is open, timely and accurate information as it is now considered a necessary prerequisite for corporate success because not only goods and services are exchanged in return for money but also