Module Name: Emerging Business Themes
Contents:
A- QUESTION 1 page
1- Definition ………………………………….......................................... 2
2- Ethical Dimension to Corporate Decision Making………………….…. 3
3- Five Barriers to an Ethical Organization…………………………....….. 4-5
B- QUESTION 2
1- Climate Change- Ford Motor Company..…..................................... 6
2- Ford’s Greenhouse Gas Emissions…………………………..…..……. 6
3- Climate Change Risk and Opportunities………………………...…….. 7
4- Physical Risks………………………………………………………....…. 8
5- Supply Chain Risk………………………………………….…….……..... 8
6- Ford Climate Change Strategy………………………………………….
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After decades, the Ford Pinto case has allowed us to dissect Ford’s decision-making process and apply the latest behavioral ethics theory to it. The pattern of evident continues to recur in organizations. It is diverted the Ford’s Executives’ attention from the ethical dimension of problem, and executives today are swayed by similar forces. (2)
3- Five Barriers to an Ethical Organization (2)
| |ILL-CONCIEVED GOAL |MOTIVATED BLINDNESS |INDIRECT BLINDNESS |THE SLIPPERY SLOPE |OVERVALUING OUTCOMES |
|example |The pressure to maximize |The Ford executive failed |A drug company deflects |Auditors may be more |Ford’s engineers had |
| |production, leads to |to notice that they’d |attention from a price |likely to accept a client |discovered the potential |
| |unconscious padding. |found the potential of |increase by selling rights|firm’s questionable |danger of ruptured fuel |
| | |leak fuel. |to another company, which |financial statement if |tanks in crash tests, but |
| | | |imposes the increase. |infractions have accrued |the assembly line was |
| | | |
Ethics is the guiding force in any respectable organization. With a moral compass, especially in the leadership of organization, a company can become compromised and fall into a quagmire of legal issues, a tarnished reputation, and devaluation of company stock if it is a publically traded company. In pursuit of examine my own ethical lens I will analyze the ethical traits of an admired leader, my own traits as exhibited in the Ethical Lens Inventory, and how I make a decision concerning a particular ethical dilemma.
| The potential harm by the statement of fact is that injury or death could occur due to an explosion.
2. Suppose Ford officials were asked to justify their decision. What moral principles do you think they would invoke? Assess Ford’s handling of the Pinto from the perspective of each of the moral theories discussed in this chapter.
2. Suppose Ford officials were asked to justify their decision. What moral principles do you think they would invoke? Assess Ford’s handling of the Pinto from the perspective of each of the moral theories discussed in this chapter.
A lot of key factors would need to be considered when determining if a company is being ran ethically
This paper explores how ethical issues of Pinto case have affected the Ford Motor Company business environment. A number of factors suggest that Ford Motor Company was negligent and violated its code of ethics. In this paper, we will review the corporate culture mindset which prioritizes profit over the value of human life for the purpose financial gain.
The issue of ethical decision making has become more important in recent years for a variety of reasons. An understanding of ethical decision making in organizations is more significant to the development of organizational science. Managers engage in decision-making behavior affecting the lives and well-being of others. The individual responds to an ethical dilemma with cognitions determined by his or her cognitive moral development stage.
This article attempts to explain how personal, cultural, and organizational values play significant parts in decision-making. In addition, the foundation of ethical dilemmas can
Friedman’s free-market approach to business ethics and how it relates to the Ford Pinto case.
The prosecutor advised the jury to consider the extent to which Ford recklessly and knowingly trade profit over safety in the placement and design of the Pinto’s gas tank. Ford Company went ahead to manufacture the car even after the engineers did a crash test that
Management is often faced with ethical dilemmas that have no clear cut correct answer. In our case study, (1)Desperate Air, George Nash, Vice President of Real Estate faces a conflict of values similar to the CEO in Seglin’s article, “How to Make Tough Ethical Calls”. They both want to tell the truth and they want to protect their companies, their investors, their employees, and their own livelihood. Neither Mr. Nash nor the CEO conducted a through examination of the problem they faced. I believe the decision to remain silent made by both Nash and the CEO to be short sighted, based solely on short term profit, and would not have been the route I would have taken.
According to Johnson (2012) leaders are powerful role models, and policies will have a little effect if leaders do not follow the rules they set. In Enron case, corruption and ethical misconduct were deeply embedded in their business culture where profitability was more important than ethics. In this paper, I will address the factors that had led to the development of the culture of profit before principle at Enron. Also, I will create my personal code of ethics that will guide me in my professional and personal decision making and doing the right thing when faced with ethical challenges.
The assumption that ‘it’s easy to be ethical’ assumes that individuals automatically know that they are facing an ethical dilemma and that they should simply choose to do the right thing. But decision makers may not always recognize that they are facing a moral issue. Rarely do decisions come with waving red flags. Dennis Gioia was recall coordinator at Ford Motor
In the late 1990’s and early 2000’s several accidents were reported of Ford Explorers equipped with Firestone tires rolling over as a consequence of tires’ failures. By the end of 2000 the death toll was estimated at more than 250, and some
Ethical dilemmas are virtually impossible to avoid if you are a participant in the workforce. The definition of an ethical dilemma stands as a situation that challenges two or more “right” values that arise in a conflict (Treviño & Nelson, 2014). As ethical persons, how may we overcome ethical dilemmas and finish on the “right” side? The research mentioned in Trevino’s and Nelson’s book, “Managing Business Ethics: Straight Talk About How to Do It Right,” suggests that preparing for specific ethical challenges before a situation occurs can adequately prepare the workforce to better handle real-world applications when an ethical situation transpires. The notion that ethics is teachable inspires the following case analysis. The case analysis involving chemical safety will discuss the facts and issues, stakeholders, decision alternatives, and real-work constraints. Focusing on each of the previously mentioned topics, I will describe the applications using Utilitarian, Kantian Ethics, and Rawlsian Justice Analysis’s.