Should the punitive damages be affirmed? What are the obligations of a corporation when it knows one of its products may be dangerous? Is an automobile company ethically obligated to make a totally safe car? Should we require a manufacturer to improve the safety of its cars if doing so will make them too expensive for many drivers? What would you do if you were a mid-level executive and saw evidence that your company was endangering the lives of consumers to save money?
Did the American public see the Pinto as unsafe? This analysis will illustrate and evaluate the utilitarian process considering the case of the Ford Pinto. As the facts of this case are evaluated, Lee Iacocca was put into a position where the American automobile industry was losing out to the foreign market. It was essential to get a product out in a timely manner to keep the market afloat that would also appeal to the American consumers. Once a flaw was discovered with the placement of the fuel tank and a bumper bolt resulting in a possible fire, a company cost-benefit analysis was conducted.
I recommend the company should respond to the former employee’s charge of constructive discharge by first apologizing. This former employee has had a negative impact on their life do to our company, and an apology would not hurt the situation. The government has various laws and statues pertaining to constructive discharge, management needs to avoid anything that could be misconstrued as discrimination in the work place. Alternative Dispute Resolution (ADR) refers to processes and techniques of resolving disputes that fall outside of the judicial process (Alernative Dispute Resolution Law & Legal Definintion, 2011). Legally, this could save the company bad publicity, a great amount of stress, and money that isn’t necessary to spend.
* What are the legal requirements? * Didn’t break any laws, related to him applying company funds towards personal use even though his act was solely beneficial to himself alone. What are the ethical duties? * Maintain price-competitive markets will ensure that scares resources are used to optimally satisfy consumer needs. * Pareto Optimality wasn’t obtained because maximum benefits of most wanted goods and services produced at minimum cost of least wanted resources.
Do you think this ruling benefited the people of Michigan? Explain. I believe at first it will benefit the employees of the plant, but eventually it will not be beneficial because then General Motors will not feel like they can invest in other plants, or may not want to invest in it if it will be a problem with them closing the plants down when they want to, especially if they don’t make enough money. Chapter 7: 5. Explain why perfect personalized pricing is typically more profitable than menu pricing.
In this case Honda is not liable because the safety instructions were clear in that the bikes should only be used off-road, while wearing a helmet. The boys ignored the written instruction and possibly parental instruction and an accident occurred. The manufacturer is not liable because there was no defect in the product and the written instruction were clear. The parents have to accept responsibility for the incident because the company displayed the right amount of consumer protection. Chapter 1- Ethics Question 1 Expectations for corporate behavior are constantly evolving as new issues arise as a result of changes in technology,
It is up to the companies to enforce ethical behavior. If employees are aware that a company will not accept unethical practices and that to act unethically will result in immediate dismissal it will eliminate the problem. Other legislation that has been put in place prior to or after the SOX act should have been discussed in this section. Score 10/15 Answer box 4: Having a team working for you that you can trust is an excellent concept. Ken Lay set up a culture of greed and a mentality that the bottom line profit is what was important.
A major source of conflict between the executives at Porsche (Wendelin Wiedeking) and Volkswagen (Ferdinand Piëch) lies communication, which resulted in two differing views regarding the company – Volkswagen Group – goals and what direction VW wanted to go. Wiedeking, was the CEO of Porsche and believed in maximizing profits of the company. Wiedeking took the approach of doing what it took to make the most profits—from cutting costs, snubbing employees, and interfering with the way VW handled their business. Other automotive researches agree, that Porsche is successful at being lean, as well as profitable. On the contrary, Ferdinand Piëch, of Volkswagen, had a different vision for the company.
Break Breaker Inc. to some extent obey with some legal rules, but failed to comply with principles of morality and community, contribute to the society by producing honest high quality services, and account the consequence of damaging their reputation. I think that Solomon’s argument is fairly accurate, but everyone’s views are different on this. Some actions may be acceptable to some but unacceptable to others. Ethics provides the bigger picture in the business life and it must be understood. In my opinion, nothing is more dangerous to a business than a bad public image caused by being unethical.
In some ways, the culture of Enron was the primary cause of the collapse. The senior executives believed Enron had to be the best at everything it did and that they had to protect their reputations and their compensation as the most successful executives in the US. Enron's failed attempts to expand its online trading system to products beyond electricity and natural gas might not rule out future, similar endeavors. 3. Why didn’t the company’s directors protect the employees and investors?