Hyundai Stakeholders And Responsibility

Although they have external stakeholders in their business the must have internal stakeholders for them

Due to the interest of keeping this paper concise, this list of stakeholders is non-exhaustive.

4. Who are the stakeholders in this situation and what, if any, obligations do they have?

of the internal stakeholders best suited to address any concerns they may have. They will also be

Each stakeholder has a different criterion of responsiveness, because they have a different interest in the organization. Most organizations are similarly influenced by a variety of stakeholder groups. Investors, shareholders, employees, customers and suppliers are considered primary stakeholders, without whom the organization cannot survive. Other important stakeholders are the community, which have become increasing important in recent year.

These are organisations or individuals with strong views that may influence the decisions of businesses and the government.

13. Key stakeholders – official policy-makers have the legal authority to engage in the formation of public policy they are:

can be done to ensure that the company will work in the best interest of the

“Stakeholders (or interest groups) are tangible, visible and approachable groups or institutions which have a direct influence on the functioning of an organisation.”

To lead the premium automobile segment across the world. This vision is the core of the company 2020. They regularly fine tune the objectives to match the changing economic, ecological and social requirements.

Especially, it should be determined that how these stakeholders are influencing the objectives and development of an organization.

Creation, acceleration and emotion are the key components for any automobile industry to deliver its goods to the expected standards. General Motors, popularly known as GM has been a pioneer in the global autoindustry for more than 100 years. Developing from horseless carriages to the latest sports cars, innovations have always excelled at putting the world on wheels. In fact, there are a lot of exciting things to share about the company. GM’s corporation started in 1892 by R.E. Olds, with a solid financial foundation, which enabled him to produce great vehicles for customers and build a bright future for employees, partners and shareholders. GM slowly initiated its staff of experts in the factories which are located in different parts of the globe and acquired the brands like Chevrolet, Pointiac, GMC, Buick, Cadillac(General Motors Corporation, 2015). Leading the way is their tailored leadership team who set high standards for the company so that they can produce the best cars and trucks. This means that GM is committed to deliver vehicles with compelling designs, flawless quality and reliability, leading safety, fuel economy and commercial features. All are intended to create that special bond that can only happen between a driver and a vehicle. General Motors is a customer driven company and aims at earning customers

This incident would serve as the initial event that jumpstarted the public’s concern for exactly what was going on with many Toyota models. In this paper, we will explore the ethical issue that was present in this case, whether or not Toyota acted ethically in its handling of the unintended acceleration of its vehicles. In order to do this, we will examine the situation in the light of the six-step Hosmer’s moral reasoning process. This will include, among other aspects, an examination of the event in consideration of shareholder, stakeholder, and virtue theory. In addition to that, the authors will apply the Total Integrity Management model to Toyota’s actions in order to examine the moral integrity of the company as it pertains to trust. To conclude the paper, the authors will provide a normative statement regarding the actions of Toyota. To

I am proposing that the issues affecting Toyota’s ability to rebuild cannot alone be fixed by remedying the safety and manufacturing issues, but it must also work to rebuild the company’s reputation and rebuild stakeholder trust. As outlined by Stewart (2010), Toyota ended up with a full blown crisis on its hands largely because of the delay and mediocre response from Toyota. These management practices call in to question Toyota’s ethical practices and their commitment to corporate social responsibility (CSR) principles.

Honda Motor Corporation is doing it right. Honda is a very well known in Japan and around the world for their products. They have been in business since 1949 and have grown rapidly in Japan and around the world. When someone mentions that they purchased a Honda, one probably thinks about reliable, affordability, and exceptionally designed automobile. However, one of the key factors in the company’s success is the fact that they have been successful in the international business environment. The car giant has expanded it’s manufacturing plants and process to other countries such as the United States, China, Pakistan, Canada, South Africa just to name a few. However, the personal and business culture of the Japanese is extremely had to duplicate in other countries, and Honda had to understand that countries cultures and customs. After the company studied and understood their counterpart’s culture Honda had to execute a global strategy that would be effective in that country. Honda has always done their due diligence when it comes to hiring and developing talent and when it comes to Honda entering new a country there is no exception to the rule. Honda also views corporate social responsibility as a pressing issue in their corporate manifesto. Understanding one’s culture and customs, executing a global strategy, developing talent, and being proactive in corporate social responsibility Honda Motor Corporation has been wildly successful and a leader in car manufacturing