MGT Homework 3 - MGT Homework#3 Chapter 7 Supporting Case 1...

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MGT Homework #3 Chapter 7 Supporting Case 1. SWOT Analysis: Foxconn Strengths – low labor cost, one of Apple’s main contractors, specialized product Weaknesses – bad reputation with plant explosion and suicides, poor working conditions Opportunities – growth and expansion in lower-cost locations, supplying to other large companies besides Apple Threats – Other contractors for Apple, forced closure because of suicides/working conditions 2. If Foxconn’s management were to hire me to offer advice on improving its ethical decision making and corporate social responsibility, I would suggest a variety of measures to be taken starting with the implementation of a set of core values. Once the company establishes its core values, it will be able to make ethical decisions and CSR decisions based upon those values. I would suggest that Foxconn hire managers who could carefully observe the working conditions and hazards within the plant in order to prevent any further deaths, because it is the company’s ethical responsibility to ensure the health and safety of its employees. I would also encourage Foxconn to support suicide prevention as a part of their philanthropic responsibilities within their CSR. Because the company has first-hand experience with
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