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  • Essay / What is an ethical and unethical business? - 868

    One of the major studies regarding national values ​​was conducted by Hofstede in 1983, according to the research he conducted, based on cultural indicators including: individualism, power distance, uncertainty avoidance and masculinity, there are an excessive number of inconsistencies between the morals and values ​​that arise from different nations and, therefore, in the way companies define their business ethics. In modern society, where business transactions have become multifaceted and internationalized due to globalization, unethical corporate behavior has become increasingly apparent to the public, thus becoming more difficult to assess due to a increased transparency and complexity. Due to globalization, outsourcing of labor markets has become increasingly intergraded and has become an effective way to reduce a company's costs and is often necessary to remain competitive. However, this practice has attracted criticism, as evidenced by the damage caused to the reputation and prestige associated with products created by Apple Inc. due to management actions implemented by their main suppliers Foxconn. Foxconn had been in the spotlight since 2012 (Pratap et al., 2012) due to its unethical management and working conditions, considered the root cause of deaths and suicides during the year elapsed. Apple's Code of Conduct states: 'Apple Suppliers