Two revealing survey statistics are presented to show how decision-making is measured as a part of corporate culture at Apollo. The first is whether employees believe that they can handle situations that could violate company policies. They fell slightly in 2013 to 86% from 87% in 2012, however, both numbers are still well above the 77% benchmark. The second survey is to ask employees whether they believe their co-workers apply ethics and values to decisions. The company should be proud that 90% of their employees answered “yes” in 2013, up from 87% in 2012, and significantly higher than the 75% industry benchmark. These studies are really the best ways to reveal the real situation of the company, and the need for more ethical training, especially for the fresh graduates and new employees are in the phase of forming their ethical standards in making
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.
As president of the company, J. Booth is concerned with the corporate profits. Although deaths are occurring from the drug Vanatin, the fact remains that it accounts for 12% of the company’s gross income. I am assuming that the President is aware of the deaths and other risk of the drugs, but still must act in the interest of making money. He apparently has ways of getting around the FDA using lobbyists and he personally owns 20% of the company stock. I assume that as a human being, he knows that it is ethically wrong to continue producing this drug, but the damages to the company and to his own assets are far too great.
Ethics and moral obligations are issues we all encounter at one time or another. In the professional setting, all people should act in a manner that would uphold the good of society. To be ethical, one has to determine their obligations, moral ideas, and moral philosophy (Boatright, p. 19, 2009). The case analysis involving Jacob Franklin was a perfect example of how an individual can face the dilemma of doing what is right or wrong. Businesses have their own code of ethics, and the employees within the business have to determine whether or not they will follow the company’s code of conduct. I will discuss several ethical issues in the case analysis including; failure to report information, remaining silent regarding faulty equipment,
Traditionally, the positive image of a company or a brand is very important in the contemporary world. As a result, the question of morality of each individual working within an organization is of a paramount importance. In such a situation there should be no exceptions from the rule and executives could not be in a privileged position. This is the desirable ideal many companies strive to achieve at least in a public eye. However, the reality turns to be quite different from what is expected and the analyzed case of an executive’s double standard is just another evidence of the fact that the real life is so complicated that the common rules, including moral
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.
Ethics are very important in the business world and to the general public. Ethics is defined as a system of moral principles or the rules of conduct recognized in respect to a particular class of human actions or a particular group. Using a moral compass should be a requirement for every CEO and executive. Any person who will have some impact on society needs to understand the difference between right and wrong. Since businesses touch such a large segment of our society, codes of ethics must be established and followed to protect the general public. In the following pages we will discuss the 1989 Exxon Valdez oil spill disaster and examine how it relates to (1) the state of business ethics since 2000, (2) examples of the classic
Businesses could be held liable for negligent tort if their product injury, harms consumers or is falsely represented. Nonetheless, when the circumstances warrant, parties that are not guilty of negligence or an unintentional tort can still be subjected to compensations when their products injure customers (Seaquist, 2012) Recall Negligence is an unintentional tort wherein one party is injured result to some actions of another. There are certain factors that must be considered to determines whether a corporation acted negligently. The elements are the following: a breach of that duty, legal duty to use due care, a reasonable close causal connection between the breach and the plaintiffs resulting in injury, and the actual loss or damage to the plaintiff. This paper is going to discuss a negligent tort due to a company’s recall of its product. The company may be considered liable for negligence if there was no recall on their product and the product caused bodily harm to a consumer (Benjamin, 2015). Throughout the paper will discuss the reason of Toshiba recalling their laptop computer battery packs due to burn and because of its potential to catch fire on March 30, 2016 and the recall number is 16-131. If the company did not make the decision to recall their laptop computer battery could have been diligent. To prove the negligent tort the consumer must prove factors such duty to care and defenses of negligence (Seaquist, 2012).
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.
Product liability law is noteworthy given the variety of defects covered, i.e. defects in design, manufacture, or warning, as well as the variety of types of liability ranging from strict liability to breach of warranty, negligence, or the battery type. given that the different theories of product liability provide or allow different types of defenses as well as damages, plaintiffs have flexibility when determining how to proceed with a
The deontological ethics states that there are things that we must do as a matter of principle regardless of consequences (Moral standards, PowerPoint Slides). Here the Vice President, Rodford had to act on the best interest of the company in making profit and surviving the competition against European and Japanese cars. Therefore he ignored the fact of putting people in risk of accidents. The positive right test assists the wellbeing of the company and its employee by making sales and profit. Whereas the negative right test overrides the wellbeing of the customers and the community members with the risk of death. Again since life is irreplaceable and profit can substituted by other means, the action of the company is wrong from the deontological view too.
Chapter four of our textbook reveals the importance of ethics and goes into detail about what ethics is. The textbook directly states that “We define ethics as society’s accepted standard of moral behavior, that is, behavior accepted by society as right rather than wrong.” The article states that although ford made defective vehicles that there were no reported injuries because of them. However, because of ethics ford is recalling the vehicles before anyone gets hurt. This proves that Ford has good
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
What a valuable employee, Sue definitely took the high road and handled that dilemma with integrity. Each person has many reasons for being ethical. Some reasons can be: inner beliefs, habits, virtue because it is its own reward, personal advantages, it's good business, there is approval, being an ethical person can lead to self-esteem, the admiration of loved ones and the respect of peers. There is also religion because it is believed that good behavior can please or help serve a deity. Ethical actions can fit in with upbringing or training. Ethics starts with the individual employee choosing the right or wrong decision.
All employees (including the company executives) should be guided by moral principles and ethical values when making decisions (Balc & Simionescu, 2012). The ability of executives to make ethical decisions can be influenced by their cognitive bias (Zeni, Buckley, Mumford & Griffith, 2015). Utilitarianism is one of the frameworks that can be used to address ethical dilemmas. Utilitarianism holds that decision makers should take alternatives that maximize the happiness of the majority of the stakeholders (Choe & Min, 2011 and Marques, 2015). This presentation will discuss how the 8-step ethical decision making process can be applied when addressing a dilemma using the utilitarianism framework. The presentation will also guide the executives of Toyota on how to address the negative publicity associated with the production of cars with faulty acceleration system.