Challenges in the Global Business Environment Ongoing challenges in the global business environment are mostly attributed to unethical business practices, failure to embrace technology advancements, and intense competition among businesses. Apple Inc. is an example of a company that has faced challenges in the global business environment because of unethical business practices with regards to its suppliers’ compliance with the company’s code of conduct. Despite safety being one of the major components of Apple’s operations, the company is renowned for having suppliers that are abusive to their workers. For instance, Wintek and Foxconn are among the firm’s electronics suppliers with factories characterized by terrible working conditions. However, when Apple’s supplier code of conduct is raised, the situation with these suppliers remains the same and contributes to numerous concerns regarding compliance. As a result, Apple has made several changes to its Code of Conduct in recent years, which have generated new standards for suppliers in order to maintain business relationships with the company. Apple’s Supplier Code of Conduct As previously mentioned, Apple Inc. has been renowned for working with suppliers that are abusive to their workers. Wintek and Foxconn are examples of Apple’s electronic suppliers whose manufacturing plants in China have terrible working conditions. This situation has generated concerns regarding Apple’s supplier code of conduct and business
How effectively do Canadian businesses and government engage together to promote a shared vision and agenda in the global business environment? Do Canadians strike an effective balance between private sector pursuit of global business and public sector support and enablement?
In this report I am going to define the meaning of Globalisation and assess the impact of globalisation on the way the business operate.
According to the textbook, ongoing challenges in the global business environment are mostly attributed to unethical business practices, failure to embrace technology advancements, and stiff competition among businesses. Imagine that you have been appointed as Apple’s Chief Compliance Officer and must prepare a video presentation for Apple’s suppliers regarding Apple’s Supplier Code of Conduct to deliver via a web meeting. To prepare for your presentation, review Apple’s Supplier Code of Conduct,
P5 - Describe how John Lewis would be influenced by economic factors in a time of economic recession and economic growth in the UK economy
This case incident is about Apple going global. Apple went from having 100% of its production conducted in the United States to only having 10%. When this took place, it had quite a negative impact on the U.S. economy and the American people. The context of this paper would go into more details as I answer the questions.
Which is cost difference determines the patterns of international trade. Absolute advantage is trade benefits when each country is at least cost producer of one of the goods being traded. In the 1800s, David Ricardo developed the theory of comparative advantage to measure gains from trades. This theory is based on comparative advantage and it states each nation should specialize in production of those goods for which its relatively more efficient with a lower opportunity cost.
Apple is well known for its quality products such as iPhone, iPads and Laptops. Foxconn has been exploiting the labor in china by paying them less wages, and asking them to work in hazardous conditions ranging from health and safety violations to the use of underage workers (Nystedt, 2011). Unfortunately, Foxconn had a grim history of suicides at its factories in 2010, it made 18 workers throw themselves from the tops of the company's buildings, with 14 deaths and faced with strongly criticism from the public. After solving both physically and mentally for the victims' families, parallel with impaling HRM of company, the scandal of Apple was gradually
How effectively do Canadian businesses and government engage together to promote a shared vision and agenda in the global business environment?
Apple is committed to ensuring that working conditions in Apple’s supply chain are safe, that workers are treated with respect and dignity, and that manufacturing processes are environmentally responsible. Apple’s suppliers (“Suppliers”) are obligated, in all of their activities, to operate in full compliance with the laws, rules, and regulations of the countries in which they operate. This Supplier Code of Conduct (“Code”) goes further, drawing upon internationally recognized standards, in order to advance social and environmental responsibility. Apple requires that Suppliers implement this Code using the management systems described below. The Apple Supplier Code of Conduct is modeled on and contains
Caterpillar Incorporated (Caterpillar) is the world’s top in manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. In 2008, Caterpillar reported sales revenue of $51.3 billion dollars from domestic and worldwide operations (Caterpillar, 2008). As reported in Caterpillar’s 2008 Annual Report, Caterpillar is a worldwide company with 67% of their sales from outside of the United States (Caterpillar, 2008). With a global reach and influence, Caterpillar has recognized the need to develop and implement a Code of Conduct to guide its management and employees in their daily practices to make Caterpillar the efficient and profitable global leader
Apple Inc. was founded in 1977. To date, this company has continually offered a wide range of products to meet the growing demands of customers all over the world. Apple not only produces and sells computer software and cellphones; they also distribute consumer electronic products around the globe. Increasing the value of shareholder and coming up with new inventive products is a constant process for Apple, and Apple continues to do so with their popularity around the world with about 301 store locations in 10 different countries. Aside from all of
Despite its global recognition and status, Apple Inc. has come under scrutiny in recent years. Criticism concerning Apple’s unethical labour conditions (causing both physical and emotional distress to employees) on a considerable number of occasions has led to this. Unethical labour conditions has not been an isolated incident, rather a disapprovingly common occurrence for such a well-regarded global brand.
1. The most significant challenge to business success you see in this rapidly changing global economy;
The global economic environment has become more interlinked in the 21st century than ever before because more business enterprises have realized the importance of having trade relations within and outside their countries. Several prevailing factors that have a direct impact on the global economy influence greatly how the world business environment is likely to be at any given time (Harrison, 2010). This paper will examine the influence of factors on world economy. It will also examine how these factors shape global economic environment.
Apple is being criticized in China for three main issues, including slave labor, guarantee scandal and underdeveloped infrastructure. However, China is a significant market for Apple. Apple’s market share in China is continuously growing while decreasing in mature countries. Issues related to human rights and labor protection in China are sensitive and of globally mutual concern. If we do not address these issues properly, we will lose Chinese customers as well as suppliers and sub-contractors. This may also seriously impact the reputation and sales of Apple products worldwide.