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Case study: Apple iPhones - Not "Made in America"
1. What is meant by the globalization of human capital? Is this inevitable as firms increase their global operations?
The globalization of human capital refers to the fact that employees are now spread out across the world by their employers. This including, the companies, employed, unemployed, stockholders, consumers, contractors, supply chain, firms and economies. Companies branch out because labor costs are cheaper and productivity is faster.
It is inevitable if firms increase their global operations because every country has something different to offer, something new, and without the current innovation being promoted to the market, the company will start to lose its edge on
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4. Who are the stakeholders in this situation and what, if any, obligations do they have?
There are two stakeholders in this situation and they are: the companies Apple and Foxconn as well as the Chinese government. Apple has obligations to their employees both domestic and global. They need to be mindful that a corporation is only as good as its products as well as, its image. They need to be mindful that since its headquarters are in the United States, it should do all that it can to maintain a positive image. It is also important to make sure that the products they sell are quality products while keeping the price as low as possible. Foxconn has a stake in its people and the products they export. The unfair and inhumane working conditions forced the government to step in. Foxconn also needs to be mindful of the issues presented previously for Apple (the difference they are headquartered in China). The fact that labor violations were taking place, China’s government had an obligations to its people. They need to protect their citizens from hazardous work conditions and hold Foxconn accountable for their actions.
5. How much extra are you prepared to pay for an IPhone if assembled in the United States?
Personally I feel that the IPhone is already over price as is. The fact that they make $321 of profit off each phone is ridiculous. If the phone is fully assembled in the
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