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Corporate Social Responsibility
Transcript of Corporate Social Responsibility
What is Corporate Social Responsibilty?
The corporate initiative to asses and take responsibility for the company's effects on the environment and impact on social welfare.
The term generally applies to company efforts that go beyond what might be required by regulators or environmental protection groups.
Who owns an iPhone, iPad, MacBook or any other Apple device?
A socially responsible organization does what is right because it feels that it has an ethical responsibility to do so.
The Global Compact
goal is to achieve a more sustainable and inclusive global economy
the world business community plays a significant role in improving economic and social conditions
Core Values include:
Founded : 1974
Founder(s) :Terry Gou (Chairman and President)
Headquarters : New Taipei, Taiwan
Area served: Global
Products: Electronics, electronic components
Services: Electronics manufacturing services
Revenue: NT$3.452 trillion (2011)
Operating income: NT $82.84 billion (2011)
Net income: NT $81.59 billion (2011)
Total assets: NT $1.730 trillion (2011)
Facts About Foxconn's Apple Plant
Foxconn workers get paid $1.78 an hour.
Rent is about $17 a month for a dorm room shared with seven other roommates.
The worker shifts are 12 hours and include two one-hour long meal breaks. Lunch is $0.70 for meat and rice.
Suicide nets were installed in Spring 2010 when nine Foxconn workers killed themselves during a three-month time period.
Something to think about
Is Apple being socially irresponsible? Why?
Is outsourcing for cheap work, services, and product manufacturing unethical?
Do you think companies who outsource would be as successful if they were to keep jobs and manufacturing domestic?
Management 12Ed. (book) by Stephen P. Robbins & Mary Coulter