Business Ethics and Reputation

JP-SUICIDE-2-articleInline

Business ethics is a crucial element that determine a company’s reputation. Society is more likely to welcome a company that concerns much more about human’s wellbeing. More specifically, to carry out social responsibility, companies should make contributes to different aspects rather than individual parts. Foxconn is a negative model. Foxconn, the largest electronics contractor manufacturer in the world, has experienced suicide wave in 2010. Many employees reflected that they have bad working and living conditions and always work under big pressure. The suicide wave really brought bad influence to the company, which made its reputation down sharply. Personally, I think the main reason that the incident occurred is Foxconn focus too much on quantity and it does not concern its labors. To earn its reputation, I suggest Foxconn raise employees’ salaries and improve their working and living conditions. A company with business ethics should satisfy all its stakeholders and take social responsibilities.

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