Exploitation of Workers in China: Unveiling the Unique Capitalism Adopted in China World Youth Leaders Forum 2012 Social subtheme Yun Yin Chan Department of Philosophy‚ Faculty of Arts The Chinese University of Hong Kong Abstract 2 This paper will explain that the cause
Premium People's Republic of China
External and Internal Analysis of Foxconn Introduction Foxconn‚ or Hon Hai Precision Industry Co‚ was founded 37 years ago in Taiwan by Terry Gou. The company initially started as a local computer component manufacturer. Over the past decades‚ Foxconn had been continuously growing to become the world’s largest electronic components manufacturers with the consolidated revenue of 59.32 billion US dollars in 2010. As the largest electronic manufactures‚ Foxconn provides electronic components to major
Premium Occupational safety and health Inflation Stakeholder
Business Ethics Individual Report Name: Tran Tuan Linh ID: 12212205 Country from: Vietnam Value system chosen: “Achievement Disease in Education” 1. In any country‚ education plays a very important role to promote the development of all economics and society. However‚ with methods of education for so long which do not fit the requirements of the new era‚ Vietnam education is producing passive “people” who is good at theory but bad at practice. Students and even teachers nowadays are always
Premium Education Academic degree Higher education
Foxconn Technology Group‚ is the world’s electronics contractor manufacturer with headquarter located at Taiwan. (Foxconn‚ 2016) The following are two ethical issues identify: Exploitation of factories workers Foxconn exploited their workers to work long working hours and accept low wages. In 2010‚ Foxconn was notorious for its factories workers’ mass suicide attempts‚ with 16 deaths at its factory in Shenzhen‚ China. It was reported that the mass suicide attempts was due to Foxconn’s poor labour
Premium Ethics Business ethics
Daly INTL 5800 First Night Assignment In the article Apple Agrees to Labor Reforms After ‘Serious’ Foxconn Violations shows a clear picture of the issues in the area of globalization. Foxconn has been producing the iPhone and iPad for Apple for some time now. What seemed to be a very beneficial deal for Apple‚ turned out to be a catastrophe‚ putting Apple in a tough position. Foxconn has been accused of poor working conditions for their employees. Many workers have complained about unfair
Premium Apple Inc. Manufacturing Employment
The eclectic paradigm is a theory in economics and is also known as the OLI-Model or OLI-Framework.[1][2] It is a further development of the theory of internalization and published by John H. Dunning in 1980.[3] The theory of internalization itself is based on the transaction cost theory.[3] This theory says that transactions are made within an institution if the transaction costs on the free market are higher than the internal costs. This process is called internalization.[3] For Dunning‚ not
Premium International economics Investment Transaction cost
| Apple Case Analysis | Dr. Jacobs Buad326.101 | | Charles Fields | 4/12/2012 | | Foxconn a major Chinese manufacturer and supplier of Apple products‚ was audited from February-March 2012‚ after receiving an increasing amount of criticism in relation to their current business practices. Accused of “turning a blind eye to dismal working conditions at partner factories” (Paronen‚ 1)‚ Apple agreed to allow the Fair Labor Association (FLA) to conduct an audit of their suppliers’ factories
Premium Occupational safety and health Factory Industrial Revolution
Introduction (A) Background of Foxconn Foxconn is the subsidiary of the Hon Hai Precision Industry Co.‚ Ltd.‚ which is a Taiwanese multinational electronics manufacturing company headquartered in Taiwan. It is the world’s largest maker of electronic components. Foxconn is primarily an original design manufacturer and its clients include major American‚ European and Japanese electronics and information technology companies. Notable products manufactured by the company include iPad‚ iPhone‚ iPod
Premium Apple Inc. Working time Social responsibility
Essay on Today’s HRM situation in China This essay is mainly about my understanding of human resource management situation in China nowadays by using the relevant HRM knowledge and issues. At the same time‚ I select Foxconn‚ a foreign-funded enterprise whose headquarter is in Shenzhen‚ Guangdong‚ as the local organization in China to discuss and analyze the HRM situation from the specified case. The fast development of China couldn’t last without most producing migrant workers’ effort. However
Premium Human resource management Human resources Management
kill the boredom of the employee from doing the same type of work on daily bases. Factor of job rotation has been at low in foxconn‚as foxconn works into specialized products at a high production and manufacturing rate‚ The company has hired a group to audit workplace conditions‚ the Fair Labour Association or FLA‚ as a result of the issues raised‚ the group reported that Foxconn addressed several workplace concerns‚ such as enforcing ergonomic breaks‚ changing the design of workers’ equipment to guard
Premium Employment Organizational studies and human resource management Motivation