Legal matters in business and society as a whole have changed greatly over the past couple of decades; and not necessarily for the better. Between attorneys wanting to make a buck at any cost, and business owners losing their diplomacy skills in exchange for resenting and milking others who they think have wronged them, the need for legal services has exploded in the United States (U.S.). At the dawn of the 21st century, law is as important in society and business as is marketing, advertising and
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In the article, Ford Pinto Fuel-Fed Fires, “the Center for Auto Safety petitioned the National Highway Traffic Safety Administration to recall Ford Pintos due to defects in the design of the strap on the gas tank which made it susceptible to leakage and fire in low to moderate speed collisions,” (Ford), clarifies the conception that improvements are indefinite. Not in this case, “Mark Dowie of Mother Jones Magazine, published documentation that Ford Motor Company was aware of the weakness in the
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formal writing.) When Ford began development of the Pinto in 1968, the company hoped that the car’s smaller size and price tag would help it compete with Japanese and German competition, who were mounting their takeover of the subcompact auto market. Ford president Lee Iacocca wanted the Pinto to be less than 2,000 pounds and less than $2,000 so it could stand out when released into a division of automobiles Ford did not have much experience in. In order to get the Pinto released as soon as possible
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Business Ethics - Assignment 1 Case Study: At the beginning of the 1960's, the Ford Motor Company was facing great competition from foreign automobile manufacturers. The Japanese companies, Toyota and Datsun, were importing fuel-efficient, low-cost automobiles. Every year the Japanese companies were capturing larger portions of the U.S. automobile retail market and profits of American auto manufactures were spiraling downward. The president of Ford at that time was Lee Iaccoca, who was
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following: 1. Identify the relevant facts of the Ford Pinto case: In 1970 Ford introduced the Pinto, a small car that was intended to compete with the then current challenge from European cars and the ominous presence on the horizon of Japanese manufacturers. The Pinto was brought from inception to production in the record time of approximately 25 months, where a normal car usually takes 43 months. This showed an expedited time frame for the Pinto. On top of time pressure the team was also required
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Ford Pinto Case Study MGT/216 November 11, 2010 Executive Summary In the1960's, the American small-car industry had strong competition for Ford, Volkswagen and several Japanese companies. In order to battle their challengers, Ford expedited its most contemporary automobile, the Pinto, into manufacturing. Fabrication was completed in a smaller extent of time than is generally mandatory to generate an automobile. The expected time to produce a vehicle is forty-three months however Ford took
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Pinto Case Study Ford Motor Company launched the Pinto in August of 1970. This car was intended to compete with Volkswagen in the small car market. A tragic accident happen on August 10, 1978 in which three girls were killed. Two of the girls were sisters and the third was their cousin. The 1973 Ford Pinto was traveling on a highway when their car was struck from behind. The car burst into flames and all three teenagers were burned to death. Elkhart County prosecutor, Michael A. Cosentino
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be a natural outcome. The Ford Pinto case is based upon act utilitarianism’s approach to making a decision using a cost benefit analysis and whether that action makes the best ethical outcome for all involved. In 1968, Ford Motor Company had a decision to make as to whether it would compete in the subcompact automotive market. Ford needed to quickly introduce a small, fuel efficient, and cheap car on the market to compete with Japanese and European imports. The Pinto was to be the answer to the
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president of Ford at that time, Lee Iacocca, recognized the market potential for this design of vehicles; he then led the designing of Ford’s first subcompact model car, namely Pinto on the year 1968. Due to the competition from various domestic and international automobile companies, Ford was influenced to accelerate the production of their first subcompact car. After for only 25 months of designing and manufacturing of the vehicle instead of a typical time frame of 43 months, Ford Pinto first debuted
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Questionable cost-benefit analysis by Ford In 1968, Lee Iacocca, president of Ford Motor Co., faced fear of losing market share in subcompact auto market by German Auto, Volkswagen. Although the automobile preproduction process usually takes three and a half years, Ford made it within two years from designing phase to releasing to the market. Market seemed to be impressed by Ford, but it did not go last that long. Pinto had a critical problem that its fuel tank cannot withstand any rear-impact
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