Foxconn Ethics Case Study
Purpose The purpose of this report is to evaluate and identify the ethical issues in Foxconn as well as to provide consultancy to address the ethical issues in the organisation. Introduction Foxconn Technology Group is a Taiwanese international electronics contract manufacturing corporation headquartered in Taiwan. The original company is called Hon Hai Precision Industry Co., Ltd. It is founded in 1974 by Terry Guo and are the third-largest information technology company by revenue. Likewise the Foxconn grew bigger and inevitably turned into a public traded company. Fox conn also sets up a few research offices and laboratories worldwide to conduct the facilities of science study and technology improvement. Currently, Hon Hai Precision Industry …show more content…
In this case, the operational goal for Foxconn is to improve the working condition of Foxconn by 50% within a year. Motivation is the most efficient way to increase productivity, hence it is very important to practice motivation theories in the organisation. Most managers are reluctant to carry out motivation theories is because of the complexity of understanding human behaviour (Landy & Cont, …show more content…
In the level of hierarchy of needs, the person does not feel the second need until the demands of the first have been satisfied and so on. (McLeod, 2014) Maslow’s basic needs are as follows, physiological needs, the need for safety and security, the need for belonging and love, esteem needs and need for self-actualisation. In order for workers to reach personal growth and fulfilment, Foxconn needs to help them achieve the previous such as safety and security, physiological needs. Poor working condition will restrict the workers from reaching their safety and security needs hence, unable to go to the next level of hierarchy. Frederick Herzberg’s two-factor theory studies how which factor in the work environment causes job satisfaction and job dissatisfaction. Factors that causes job dissatisfaction are such as company policy, working conditions, salary and so on. On the other hand, factors that causes job satisfactions are such as achievement, recognition, advancement and so on. By understanding the two-factor theory, Foxconn can improve its ethics by improving working environment, and loosen company policy in order for the workers to feel motivated as well as being able to achieve their goal
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