Business Ethics

Corporate social responsibility, to a large degree, determines whether an enterprise is successful or not. It is not sorely up to the amount of profits that a business makes, but also looks at its responsibility for the stockholders, employees and consumers. This concept should be extended from market mechanism to political mechanism, as it deals with the civil and ethic problems.

 

Let’s take a Chinese company Foxconn as an example.

http://www.nytimes.com/2010/05/22/technology/22suicide.html

https://www.youtube.com/watch?v=Jk-xqPKOxl4

 

Foxconn is the world’s biggest contract electronics maker and a major supplier to Apple and other companies. But recently, the scandal in Foxconn reminds all the enterprises to take into consideration the importance of corporate social responsibility and the contribution to the society. Though Foxconn does not commit that the work overload and pressure it imposes on employees, the increasing suicide rate and riots reveal that there are an array of ethic problems hiding in Foxconn. Consequently, from one side, some consumers and stockholders rethink of this company and probably divestment. Unavoidably, Foxconn loses profits. From the other side, the exposed scandal protects employees’ further career life. So, for sake of the long run corporate development and the social harmony, companies should definitely make profits without hurting other stakeholders.

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