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http://www.economist.com/node/21551498

http://www.economist.com/node/21551498 by Graham Hand

In the article “when the jobs inspector call” (http://www.economist.com/node/21551498) it seems like the objective is to criticize Apple for their terrible business ethics; even though their sales are high. This contradicts the stakeholder theory that R. Edward Freeman explains in his video. Apple breaking the trending business ethics set by large companies such as Nike by not supporting their factories to follow labour laws and ethics. Overall the article missed its objective to prove that a company that does not have strong business ethics and morals will lead a firm to decline. For example the author had a great opportunity to compare Apple to it’s competitors such as Samsung and Google after criticizing Apple for not treating their factory workers well, but instead it talks about how Apple’s sales are doing great. When auditors investigate Apple’s factories to make sure labour regulations are being followed Apple cleans up their factories and only release some of the audits to the public immediately. It took apple years before they release the rest of the audits. Clearly the gap in release times between audits was so that Apple could clean up their act. I agree with stakeholder theory but it seems that Apple is an exception to it.

Story written by Graham Hand

 

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