The case explains about the massive growth of company U which made them get global recognition and the problems associated with company U. The valuation of the company is $8 billion in 2017. Despite the massive growth, the firm faces many ethical challenges due to lack of following ethical principles in its operations. The company is said to disregard laws, rules and regulations in country U, following dynamic pricing system, poaching drivers, disregarding their own drivers, attacking critics, poisoning competitors goodwill and not responding properly to the lawsuits. The problems of the company multiplied due to the lack of proper governance which made the CEO Person K resign. After his resignation, the company was expected to improve its ethical system and recover from its lawsuits. However, company U has its future for introducing self-driven vehicles. To review The experience in ride-hailing services like company U or company L.

Question

Want to see the full answer?

Answer 1

Question

Chapter 12.4, Problem 1CC

Summary Introduction

Case summary:

The case explains about the massive growth of company U which made them get global recognition and the problems associated with company U. The valuation of the company is $8 billion in 2017. Despite the massive growth, the firm faces many ethical challenges due to lack of following ethical principles in its operations.

The company is said to disregard laws, rules and regulations in country U, following dynamic pricing system, poaching drivers, disregarding their own drivers, attacking critics, poisoning competitors goodwill and not responding properly to the lawsuits.

The problems of the company multiplied due to the lack of proper governance which made the CEO Person K resign. After his resignation, the company was expected to improve its ethical system and recover from its lawsuits. However, company U has its future for introducing self-driven vehicles.

To review The experience in ride-hailing services like company U or company L.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

according to an ethics expert ,''we judge ourselves by our best intentionsand most noble acts,but we're judged by others by our last worst act.''Does it mean that in ethics there is an inherent double standard? can you think of two situations wherea person responding to an ethical dilema and interested observers had different evaluations of these persons actions?

1) Perform an ethical analysis of Facebook. What is the ethical dilemma presented by this case? 2) What is the relationship of privacy to Facebook’s business model? 3) Describe the weaknesses of Facebook’s privacy policies and features. What people, organization, and technology factors have contributed to those weaknesses? 4) Will Facebook be able to have a successful business model without invading privacy? Explain your answer. Could Facebook take any measures to make this possible?

Explain on:a) Stake holders?b) Social development?c) Corporate social responsibility? sir give me sort ans .thank you .