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Business ethics apple inc
Ethics in automotive industry
Code of Ethics in the industry
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Apple Corporation Apples Ethical and Current Social Responsibility In today’s world Global Corporate Social Responsibility is a pressing Topic. In most cases a collaboration between a buyer and a seller or supplier must collaborate and participate in the makeup of Corporate Social Responsibilities. According to the Business Dictionary Ethics are the proper Business Policies and practices regarding potentially controversial issues such as corporate governance insider trading, bribery, discrimination, corporate and social responsibility. Apple’s current position relating to Ethics and Social Responsibility in most recent cases is that Apple has been very proactive with their marketing strategies by being eco-environmental friendly. They’re current movement toward making their products greener toward change has created a positive effect toward our environment as it relates to technology. Apple has five manufacturing components and examines how much material goes into them. (Manufacturing, Transportation, Product Use, Recycling, Facilities). The manufacturing refers to how products are built and hoe much material goes into each one. The transportation is the segment and the engineering team strives to make their product as energy efficient as possible. Their facilities are “greener” oriented at most locations. Apple conducts business ethically, honestly, and in full compliance with all laws and regulations. Apple’s success is based on creating innovative, high-quality products and services that demonstrate integrity in every business interaction. Apple doesn’t tolerate any type of retaliation against any individual. Apple has a supplier code of Conduct to ensure that working conditions in Apple’s supply chain are safe, that worke... ... middle of paper ... ...twenty-four seven coverage and continue to improve their social devices “Greener”. Apple will need to continue to re-engineer they’re products as a continuous process to improve its effectiveness and efficiency. Apple must forecast and continue to re-define its effectiveness and its efficiency toward its products. Apple will re-examine their products as time continues to move and make sure they follow through with the social changes that come about. This will help with this process and it will make sure that the customer’s that lie ahead will be stealing to purchase Apple products. The local Charter school decided to allow students to purchase MAC book a few years ago when just coming on the market. I had a compact computer that I’ve had for years but when comparing and seeing all the advantages that the MAC had to offer I preferred to use the Mac computer instead.
“The people who are crazy enough to think they can change the world are the ones who do” (Isaacson). When the late Steve Jobs was a child he was abandoned by his real mother and adopted by the Jobs family. Steve was a stubborn rude man who was ruthless, however he was focused, crazy, and inspirational. His characteristics drove him to form one of the greatest companies today, Apple. The computer company revolutionized the world with a frontline of the greatest products the world has ever seen. Although facing many hardships, the company managed to change the music industry, computer industry, phone industry, design industry and created a tablet industry. Apple envisioned products that did not exist and it thrived from the reaction of its consumers. After becoming a fortune five hundred company, it has continued to develop its products and has remained one of Americans most pristine companies however has also been put in the spotlight on social and ethical responsibilities. Ethical businesses use principles and standards that determine if conduct in organizations is acceptable. The big question has arose, is Apple socially and ethically responsible with their suppliers, the economy, its workers, and its consumers? Is Apple responsible for its supplier chains? Does apple have programs through which they help solve social and ethical issues? Has apple made any financial contributions to address issues?
Apple Inc. is a worldwide company that is one of the most valuable brands to ever be founded. As of today, the company is worth a staggering $786 billion! The reasons behind this giant company’s success is through their products that they sell. All their products are very well made and the customer loyalty is very stable. Apple was founded by Steve Jobs and Steve Wozniak in 1976. They incorporated the company in 1977. For more than three decades, Apple was predominantly a company that sold personal computers including the Apple II, Macintosh, and the Power Mac. Steve Jobs was fired from the company in 1985 because of the poor sales and low market share that the company was facing. During that time, Apple started to be more of the innovators. Because Apple was starting to make enough money to start acquiring smaller companies that benefited the company, Steve Jobs’
In Apple’s 2017 Supplier Responsibility Report they stated that 705 audits were conducted and there was an increase in working hours compliance to 98% (Apple UK, 2017). This may address the issue mentioned above regarding the Pegatron factory, but does not confirm a corporate policy to rectify unethical treatment of employees. In Apple’s 2017 Environmental Responsibility Report they highlighted their commitment to removing toxins such as mercury from their products to ensure employee and environmental welfare as well as aiming to have 100% of Apple’s facilities powered by renewable resources, which is currently at 96% (Apple UK, 2017). Apple may be an ethical company, but it is how they acted to rectify unethical issues identified by the media and social groups that becomes the ethical baseline for consumers. Following the 2010 Foxconn suicides, Apple created a set of standards identifying how factory employees should be treated (BBC News, 2014) and terminated relationships with 18 suppliers who repeatedly violated these
Apple Inc.’s Financial Analysis case study will cover the nine-step assessment process to evaluate the company’s future financial health. The nine-step evaluation process will entail the following: 1) Fundamental analysis covers objectives, plan of action, market, competing technology, and governing and operational traits, 2) Fundamental analysis-revenue direction, 3) Investments to support the firm’s entities action plan, 4) Forthcoming profit and competitive accomplishment, 5) Forthcoming external financial requirements, 6) Accessibility to direct at sources of external finance, 7) Sustainability of the 3-5 year plan, 8) Strain examination beneath scenarios of calamity, and 9) Present financial plan (State University, 2013). The fundamental analysis will be explained primarily in the next section.
In today’s global society, a Code of Ethics policy is used to label established, acceptable behaviors among that industry’s business associates, potential investors, and the corporation’s executive officers and employees, and most important, the consumer (Ethics Resource Center, 2003). In an attempt to promote an increased efficiency and productivity potential level, among employees and prospective clients, a corporation’s standard Code of Ethics should guide its members toward a more in-depth examination of their personal moral activity, and how these actions affect the people or acquaintances they encounter. A company should utilize this strategy as a model for the professional behaviors and responsibilities of its constituents, and proves the occupational advancement of that business. Ethics are important in every level of a corporation, but specifically in the day-to-day actions of its members, and the image the company broadcasts to its associates is fundamental in building a stable business foundation. These pledges are a vital communication tool used to covey the firm’s standards for business operations, and predominantly, its relationships with the surrounding communities (Ethics Resource Center, 2003).
Business ethics simply can be defined as the application of business values in the business practice of a company (Seawell 2010, p. 2). For a multinational company, business ethics is one of the critical aspects need to be taken into account in business decision-making processes. Failure to give attention on ethics may bring consequences on company’s reputation (Meyer & Jebe 2010, p. 159). The company is expected not only to pursue its own profits but also contributing to the environmental and social welfare of the community where it operates (Svensson & Wood 2008, p. 308).
Therefore we can understand the link between ethical behavior and corporate social responsibility through a thorough analysis of the two concepts discussed above. A business having strong values like integrity and honesty will behave in a way that benefits not just them but the entire society and everyone who is related to the business. Successful businesses have “ethics” at the core of their heart and they consider themselves fully responsible towards their stakeholders.
The tremendous success that Apple has been for the efforts that they have made not only in ensuring that they produce quality products, but also in ensuring that they are socially responsible in their business model (Avetisyan and Ferrary 2013, 115-133). Apple is believed to be one of the companies that are socially responsible in the world, but has received criticism from all corners in the world (Aguinis and Glavas 2012, 932-968). The criticism has worked to the advantage of Apple since it has been able to improve in their social responsibility. The paper discusses the environmental and social performance regarding Apple and how it impacts the society and how the operations of the company should be done (Backer 2013, 805-879). Both the areas
Many laws have been put into place to make sure corporations act ethically, so they do not harm people or the environment. Corporations have a social responsibility to follow these laws and various other ethical actions; Johnson & Johnson, considered to be one of the most admirable companies according to Fortune, is one company that included their corporate social responsibilities in their code of ethics. Their code of ethics states that executive officers cannot financially benefit from unethical transactions or that their management must be competent and ethical (Code of Business Conduct, 2015). It is important for corporations to act ethically and hold up to their social responsibility, especially within the workplace; ethics are especially
As you can see Apple is a company that creates convenience and value for its customers.
The notion of ethics deals with people’s behaviors within a company. Social responsibility involves a company’s moral obligations and the manner in which the organization makes its decisions. Although ethics and social responsibility are similar on a conceptual basis, each has its own unique characteristics that express their differences and its independence of the other. Ethics and social responsibility have to be present and coincide with one another for a business to be ethically sound.
Success is the result of very long travel to objective but in right drection and right speed. Every successful person or entity knows how much effort is required and sometimes a minor slip can throw you miles away but that would be a big tragedy. However here we are talking about Apple that has achieved success through ingenuity and decades of hard work.
Business ethics and social responsibility are two concepts many individuals believe go along together for corporations in the business environment. Business ethics are the moral values a company uses to ensure all employees action in a standard manner when completing business functions. Social responsibility is typically a conceptual theory that governments and the general public hold, believing that businesses should not conduct themselves in a manner counter to cultural or societal norms. The connubial of these concepts happens when companies introduce a written code of ethics to demonstrate that the company only acts in its greatest interest so long as it does not damage the company’s social responsibility.
Business Ethics are much more than the buzz word stories on late night news. The Corporate Social Responsibility of a company goes well beyond that. “Business Ethics are moral guidelines for the conduct of business based on notions of what is right, wrong and fair.” (Bellow, 2012). Individual backgrounds play a huge role in person by person code of conduct can vary from employee to employer. To help solve some grey areas in what is ethically correct, companies now make a code of conduct that is over everyone in the company. This code of responsibility helps employees have better understanding of what is required of each and every one of them. “Corporate Social Responsibility is a business philosophy which stresses the need for
One of the problems stated in the findings is the relatively high price of iPhone in some of the country. After recognizing this problem, the Top Managers of Apple Inc. should take action immediately to prevent further loss in profit and market share. The Top Managers need to discuss and come out with a plan. For instance, Top Managers of Apple Inc. is the ultimate source of authority and they can manage goals and policies for the organization to minimize the overall costs. After the process of planning, the direction of the company of reducing the cost of producing iPhone should be set as the goal. Next, the idea should be delivered to the Middle Managers of various departments clearly so that the plan can be implemented effectively and efficiently.