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Business law and ethics case study
Ethics in business law and its importance
Ethics and law in business
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As the ford ECO one of my main responsibility is make money for my stockholder while following the legal and ethical custom of the industry. My stakeholder in the ford pinto are investor who want to see return on their investment which means the company have to produce a greater profit every year. In the situation of the ford pinto case as the ECO I would have done the same thing that ford at the time which is keep the flaw in the design. The stats in the Fatalities report, showed the flew in the design could cause death but it will be a very low percent of death. allowing the engineers to redesign will delay the roll out of the product which and the redesign cost will be expensive. Although it seems sample to redesign. For example, we could
Belanger v. Swift Transportation, Inc. is a case concerned with the qualified privilege of employers. In this case Belanger, a former employee of Swift Transportation, sued the company for libel in regard to posting the reason for his termination on a government data website accessible to other potential employers. Swift has a policy of automatic termination if a driver is in an accident, unless it can be proved that it was unpreventable. When Belanger rear ended another vehicle while driving for Swift the company determined the accident was preventable, while Belanger maintained it was not. Upon his termination Swift posted on a database website for promoting highway safety that he was fired because he “did not meet the company’s safety standards,”
When analyzing the film Tucker, it is easy to see there are several external factors that contributed to his difficulty in the automobile industry. The first was really an intermingling of two threats, the threat of suppliers and rivalry. With the car industry being in the mature stage of the industry life cycle there were three major automobile manufactures and they controlled most of the market share in the industry. With them having such large market shares they also controlled much of the materials that went into manufacturing an automobile this included steel. Tucker faced this challenge when he attempted to buy steel to manufacture his vehicles and learned there was no steel to be purchased because the big three already controlled all of the available steel. From the assistance of Howard Hughes Tucker learned of a failing helicopter manufacturing plant that had in their possession more than enough steel to make the cars that Tucker needed to make. Tucker eventually gained access to the steel from the helicopter plant either through acquisition or merger th...
This report was made to show how Action Modular can increase their profits and make them more marketable. The trucking industry is an industry that has and will be around for a long time. As long as there are manufacturers and consumers requiring their freight to be moved, there will be a need for trucks. If the marketing trend is monitored regularly by putting the right people in place and being proactive regarding the equipment and freight rates. Action Modular will be highly marketable and can yield more in revenue versus decreasing the revenue by utilizing outside carrier.
The 1920’s was a time of great social, political, and economic change. The early automobile industry was no exclusion. It appears that throughout history, the figures that stand out the most are either worshipped or despised, and there is very rarely an in-between. Henry Ford, an icon of the 1920’s and the early automobile industry is no exemption. Many people love Ford for his innovative and entrepreneurial skills, while on the other hand, Ford is disliked by many due to his association with Anti-Semitism. Regardless of how Ford is viewed, many decisions he made significantly impacted the automobile industry. These decisions included installing the moving assembly line in his plant, and introducing the Five-Dollar Day. Through the implementation of the Five-Dollar Day, Ford was able to drastically change how the Ford Motor Company company operated, and how business would operate for years to come.
The many stakeholders in this case include George, the city of Hondo, current employees, environment and the company. George relocated his family and stands to lose his position if the company is moved to another location. He is faced with the decision of continuing to allow the emissions to soar above the EPA guidelines, at the current location by scheduling the heavy emissions work at night, therefore causing more damage to the environment. Furthermore, should he instruct the company to relocate to the new location the environment would still be affected on the U.S. side. By continuing to be above the benchmark of emissions the environment, employees and citizens are affected. “The environmental issues managers face are not simply about trees and water and birds. These issues affect all people, including the managers themselves.” (eGuide, p.2) In addition, the employees are stakeholders because they face losing their source of income. Lastly, the company is a stakeholder because they stand to face the cost of relocating or continuing to suffer from fines. The interest for each stakeholder is a loss of monies and the environment continues to be affected.
Foreign markets were beginning to show promise with the vehicles that were going to put out on the market. The Ford Motor Company began to feel the pressure and felt that it needed to be in the limelight of the competition. Lee Iococca, the CEO of Ford, decided that it was time for a change and thus the Ford Pinto was introduced. However, the Pinto had numerous flaws that cost the Ford Company more than ever anticipated.
In this case, Tommy would prevail against the car dealer. Tommy is a minor by the time he bought the car. According to the law, minor cannot enter a contract obligation. Because their contract are voidable, minors have the right, until a reasonable time after reaching the age of majority, to disaffirm or void their contracts (Kubasek 361). Therefore, Tommy can return the car to the car dealership with its present state and the car dealer should refund Tommy’s full payment. If the car dealer does not agree to refund the car payment, Tommy can file a complaint against the car dealer to recover his money. On the other hand, I think it’s unethical to return a car that was used for six months, has eight thousand miles, wear off tires and bent front
The final decision would then be to have the engineers and manufacturers are at the uppermost authority in aerospace decision making with regards to ethics. They should have the primary responsibility to inform the government, at any cost and at any concern as to the safety and well being of passengers who fly. Engineers and manufacturers are the ones who create aerospace vehicles, so they should be the ones to decide on the extent of their safety, and the safety of all who use them.
Ford and Firestone knew that they were having problems with their products before all of these accidents happened. For instance “Ford internal documents show the company engineers recommended changes to the vehicle design after it rolled over in company tests prior to introduction.”(www.ratical.org/corporation) Moreover, “In 1998, mounting insurance claims already had indicated to financial staff members at Firestone that a problem existed with the tires.” (www.ombuds.org.) But Ford and Firestone did not take any action to fix the problem. So it was obvious then that they were not concerned for the well being of the people. Even staff members who knew that the safety of customers was in danger due to the defect of these tires, failed to report it to the authorities. And when Firestone was confronted with accusations about the performance of the tire, they provided misleading information. Therefore, this represented a very critical ethical problem. According to an executive director of auto safety, “if consumers never find out about this problem, these companies will end up saving millions of dollars in recall costs at the expense...
The cause of the recall is attributed to faulty airbag electronics. Ultimately, Ford stated that this particular campaign would cost the company roughly $500 million, lowering profit expectations for the year. (Backman) Ultimately, vehicle recalls, whether the fault of Ford or its suppliers, are major risks.
This Research paper reports on the ethics of BMW through its history starting from 1916 to present time of 2013. It shows the progression of BMW’s ethical dilemmas of having prisoners of war and concentration camp workers, allegation of bribery, to its racial discrimination. And the changes that where implemented that led them to be on Ethisphere Institute's top 100 list of the World's Most Ethical Companies for 2009. Such changes such as new management, changing conduct codes, improving environmental awareness, and ethics programs to insure no reoccurring incidents.
...when the company focused on further improvements of its pickups and SUVs instead of focusing on innovations required by the changing demand. If the management had not been ignorant and would have developed sound strategy as soon as it spotted the change, the company would have avoided the crisis. However the company just recently adjusted its production plan and plans to continue realigning its manufacturing capacity, product mix and cut costs to fix the situation (“Ford Adjusts Production”).
Ford Motor Company is an American multinational automobile maker . Henry Ford founded the company in 1903. It is the 2nd largest U.S based automaker and it ranks 53rd in the Forbes list of World’s Biggest Auto Companies 2013.Ford has become a pioneer in its field to a great extent by efficiently leveraging social media. This helped Ford accomplish long-term goals over social media by deploying one-off campaigns and making a regular commitment to marketing and customer engagement on social media.
the only person other than Ford to successfully break in to the automotive industry. (Henry Ford Biography, 2015) The second car produced by Ford was the Model N, a $600 dollar four-cylinder automobile which became the bestselling car in the country. (Henry Ford Biography-Childhood, Life, Achievements & Timeline, 2015) Much of the Ford’s success was due to the assistants that Ford had. James S. Couzens, C.H.Willis, and John and Horace Dodge, the Dodge brothers who would eventually start Dodge motors learned a lot from Ford at this time. (Henry Ford Biography, 2015) In 1907 profits were over $1,100,000 dollars and the company had a worth of $1,038,822. This was substantial amount of money at this time. After the success of the first two models Ford had a vision for a better, cheaper, motorcar called the Model T which got its name due to the fact the o-s where not approved or liked by Ford. So, in 1908, the Model T was introduced to the public. (Exhibits, 2014) The Model T was easy to
Engineers design, build or maintain applications and systems to solve various societal problems. Their behaviors thus have a non-negligible impact on human development. Oftentimes, however, engineers are faced with the dilemma to choose between compromising their code of ethics and threatening their promising careers. It is important that engineers deem public welfare as a supreme concern and stand their ground so that they will report any observed situations that potentially can harm public safety to their superiors. The Bay Area Rapid Transit (BART) case study is a good example of engineers being responsible with society in that they attempted multiple times to inform their supervisors in management about their concerns with the possible imminent system failure of BART. Even though their voices were ignored and they were fired by the company in the end, they made the passengers realize the probable dangers underneath this regional rail service. Consequently, on October 2nd, 1972, as a result of Automatic Train Control (ATC) failure, a BART train overshot the station at Fremont and wounded several people. In order to prevent these tragic accidents from happening, the BART case needs to be further examined for deeper understanding of the problem. This paper will use deontological ethical framework to address the cause of BART train system failure and recommend feasible plans to avert similar tragedies from occurring in the future to BART employees. Therefore, not only engineers, but also managers and board of directors should be educated about ethics and should be familiar with basic technical knowledge regarding their business.