Responsiveness Principle The final underlying principle of the Global Business Standards Codex is the responsiveness principle. This is the belief that employee’s have a responsibility to give requested information by the stakeholders about the business operations and respond to any suggestions the stakeholders may have to improve the company. This principle also sets the expectation that all goods and services offered will exceed the expectations of the customer. If there are any complaints about the product, employees must uphold the duty to respond in a timely manner. It also applies to any issues raised by employees inside the company, suppliers, stakeholders, and the community around the business. To interpret this principle, Christian ethics always encourage people to be responsive to those in need. When Jesus walked this earth he was very responsive to the request of his people. As Christians we look to God in our prayers, we interpret that he responded by the positive change that occurs in our life. When things don’t change or get better people lose faith in their worship. As an employee you have a duty to respond to your customer or they will lose the need for your product or service.
General Motors Incorporation of the Codex Principles The auto industry has had its troubles over the past decade and caused so many problems for the economy of the United States. It caused millions to lose their jobs and caused severe damage to the local economies in which they had
The world around us is constantly progressing; meaning ethics and social responsibility will become increasingly fundamental towards long term business success. There are many different principles on which to reflect when it comes to moral reasoning from a Christian worldview as it relates to business. The three basic pairs of principles are integrity and sustainability, competence and compassion, along with unity and participation. Christians are should exhibit personal ethics that represent the image of Jesus. Personal ethics is defined as moral principles that govern a person's behavior. Living and maintaining a Christian identity in the workplace can be very challenging in today's society. Far too many Christians leave their faith and religious beliefs behind as they handle business matters. However, this is unacceptable in the eyes of God. Christianity is a lifestyle; not a piece of clothing that can be put on and taken off at any given time. Matthew 10:32 clearly states that, "Whoever acknowledges me before others, I will also acknowledge before my Father in heaven. But whoever disowns me before others, I will disown before my Father in heaven”. Morally Christians are held
When asked about how they characterize “biblical principles” the employee responses were varied and sometimes ambiguous. Of the few employees who were able to define what “biblical principles” signified to them, a common theme appeared. More than one employee referred to the biblical passage Mathew 7:12 the Golden Rule, roughly translated into “do unto others as you would have others do unto you.” Other illustrations were “doing the right thing” and “having faith in the people around you”.
Most importantly the automobile industry basically makes the economy keep moving in America. During the recent recession in 2008 car industry in Detroit and other places started to dry up. Fortunately the economy and the car industry started to pick up, some say because of the automobile
Careful analysis of the corporate code of ethics, applicable laws, and Scripture provided clear solutions for managers to take to avoid these incidents. First, provide employees the code of ethics, train them to follow the codes, supervise the work of the engineers, and immediately correct violations. Second, take similar steps regarding the knowledge and application of law. Third, Christians must conduct themselves within the construct of God’s Word and these principles should provide an example for others to follow.
In 2008 and the years after, the auto industry along with most other industries suffered greatly due to the recession. This impacted Detroit, the Motor City, greatly. Thousands of people were out of work, many companies leaving the area, and the overall moral of the city changed.
In the hyper competitive world of today’s mega corporations controlled by the sway of the stock market, giant old industrial era companies rule over the automobile market in the United States as well as large parts of the global automobile market. Companies such as General Motors, Chrysler, and Ford were at the center of it until the economic crisis now known as the Great Recession of the late 2000s. The whole market was declining in sales with General Motors and Chrysler taking the biggest hits while Ford only suffered decline comparable to foreign automakers’, Honda and Toyota, levels due to restructuring in prior years. However, the tipping point was edging closer to bankruptcy with General Motors and Chrysler that ultimately
The automotive industry is a very important part of American history. We use automobiles every day and we have used them for over a hundred years. They are used for all types of reasons such as in the military, construction, and transportation.
Given the current economic climate, I think the automotive industry is going to be faced with a multitude of economic challenges in the next five years. As an oligopoly market, the auto industry is highly dependent on strategic decision-making, and the demand for dynamic innovation and supply at decreased-cost levels. Competition, possibilities of turning substitutes into compliments, and shifts toward higher demand in services are seemingly leading factors that face the current automotive industry in the immediate future. But first, we should not ignore the political forces at play within the market.
Well let’s talk about what the auto industry does for us Americans. Well for starters Creating American made jobs creates American revenue. Slide 9 That revenue is like the food chain in the animal planet it revolves in equality for the American economy.
In many ways, the automotive industry has huge impacts on Canada. The impact it has creates jobs, and services. It also boosts economy and contributes to its success. Over the last two decades, the automotive industry has been a leading contributor to Canada’s economy and is a primary factor as to whether or not the economy will be successful. There are many contributing branches of the sector that allow it to be successful. This is shown through the production and manufacturing of vehicles, as well as the sale of the vehicles. The automotive industry has had a significant impact on Canada’s economy over the last 10 years. If the production and sale of domestic vehicles were to decline, Canada’s economy to be severely crippled and fall
Alexander Hill’s Christian Ethics for the Marketplace in my view point focuses on ethics as it relates to business which also includes the Christian element. Hill outlines the scripturally grounded ethical structure of holiness, justice, and love for business practices. Hill also connects his Christian ethic to the dominant methods of ethical practice in the world of business. Lastly, Hill uses the analysis of case studies in lieu of his proposed Christian ethic. Although questions in regards to ethical behaviors remain conclusively unanswered, several find ethical structure valuable when dealing with difficult situations.
Investopedia, the American auto industry has struggled to keep U.S market shares higher than they were
The financial crisis starting in 2008 and the following recession hit hard the US auto sector. Traditional car makers had to realise that substantial changes were needed in order to maintain their strong position in the
Today, the automotive industry is one the top profitable industries in U.S. and all around the world. More than 1.5 million people involved in different segments such as engineering, designing, ordering, sell, and marketing. As a result of this statement, automotive industry has huge effects on employees, customer support, jobs vacancies, revenue and finally GDP which is the most important part of the economy for any countries (Statista Portal, 2016).
The characteristics of the global motor vehicle industry are a boom in certain places and a bust in others all due to economic conditions in different nations. Four years after tow of Detroit Michigan’s big three went into bankruptcy American car makers are going “full throttle” with sales in August hitting an annual rate that if substantiated can take them back over 16 million and that is a rate that was last hit before the economic crisis and 80% higher than 2009 when GM and Chrysler went into bankruptcy. The opposite is happening in Europe being in its sixth year slump now and with a weak economy, high petroleum prices and an aging