International Legal and Ethical Issues in Business unit 1 individual project
Introduction
In the scenario of the company’s upcoming meeting with the chief executives officers of the company, (CEO) this would be a great opportunity to present the potential defective products, that’s being sold to the customers and potential customers. Not only to the directors but to the executives as well As this is a very serious issue that cannot be over looked, that could cause a plague throughout the organization... this defective product could pose a risk For both the customers and the company. And cause millions of dollars in lawsuits, the businesses reputation, unsatisfied customers, and ultimately putting the company at risk of going out of business. Since the new executive may not be aware of the potentially defective product; nor of the company’s ethical guidelines; due to the lack of effective communication. However, as leaders of the organization all are accountable and responsible for the actions by the organization... as leaders are the pillars of the organization; i.e. directors, managers, internal auditors, and external auditors. Leaders must be an example of honesty, and accountability. “To be effective, all four must operate separately or it will cause a substantial amount of damage. (As cited in clarity begins at Home, 2002).
Body
Therefore the purpose of this assignment to discuss and prove the internal action of a defective product and how to ethically, notify the customers of the defective product which they are buying, Since the company is aware that there is a potential defective product that has been sold and are now in the hands of consumers; they need to find a way to make amends before the consumers find out. If the consumers are the first to detect that the product is defective it could mean major trouble for the company i.e. by getting the