organization, market and the society.' People learns from history,' each time a serious unethical issue arises, the government creates extra laws and standards for the governing of organizations, however these extra enforcements mechanisms "are incomplete, imperfect, and expensive, and have the typical drawbacks of rigid action controls." [Management control-related ethical issues and analysis] Business ethical issues arise because in most cases ethical actions may not generate the best outcome for
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will need to submit a one-page summary of the following readings: Hoffman, D. (2004) ‘The Ford Pinto’, in Gini, A. (ed.) Case Studies in Business Ethics (5th edn.), Upper Saddle River, NJ: Pearson Prentice Hall, pp. 222 - 228. Kelman, S. ‘Cost-Benefit Analysis: An Ethical Critique’ and Leonard, H. & Zeckhauser, R. ‘Cost-Benefit Analysis Defended’ in Hoffman et al. (2001) Business Ethics: Readings and Cases in Corporate Morality, New York: McGraw-Hill, pp 104-116. Class Discussion: A. Egoism
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Using utilitarianism to analysis both costs and benefits of Ford may be considered as a moral and immoral action and this belongs to each person and each customer. Therefore, before making the last decision that whether redesign or not to ensure bringing the greatest benefits for the greatest people Ford’s managers should do several steps below. First, they should examine preference of customers to research what they want. Then, they collect their ideas to choose the best decision that satisfies
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really understand this case, it is necessary to understand the times and societal norms of when it occurred. In short, did Ford design the Pinto's fuel system in an ethical way, and should they have redesigned it later? The reason that this case has gotten so much attention is that Ford did not update the fuel system in 1978, because the cost-benefit analysis favored leaving it unchanged. Ford Motor Company defended their decision to not make the production changes in the Pinto by saying that they
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the producer and at the end of the same, is the consumer. They interact with each other and with the governmental law regulating their transactions. In this economic system, what will be produced is determined by what will yield the greatest profit. From the readings, Milton Friedman and Robert Almeder recognize the merits of a profit-driven economic system. They do not quarrel over the importance of profits. But they do quarrel over whether or not business firms have obligations beyond making profits
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scholarship. For more information about JSTOR, please contact support@jstor.org. . Springer is collaborating with JSTOR to digitize, preserve and extend access to Journal of Business Ethics. http://www.jstor.org This content downloaded from 202.125.103.33 on Mon, 16 Sep 2013 07:44:13 AM All use subject to JSTOR Terms and Conditions Conceptual Model Moral Development A of Corporate Donald R EricReidenbach P. Robin ABSTRACT: The conceptual model presented in this article
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David T. Narens Ford Motor Company and the Safety Case Harding University Abstract Ford Motor Company is a leader in influencing America and the world in automobiles. They are still true to the founding principles the company was founded on by Henry Ford by making affordable vehicles for the common man. They strive for innovation and creativity through their products. They have had safety issues in the past but it seems Ford finds a way to overcome challenges and put what matters most on top
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2014 Abstract: I chose to talk about the Ford Motor Company because of their great contribution to America, simply because of their profits and contribution. Ford was known as one of the largest companies’s ever and was part of the Mazda Motor Company as well. Here we will discuss Ford Company strengths and weaknesses and the General Environments of the Company. The threats will be addressed and the opportunities with the Company. Introduction: Ford Motor Company is the company of choice here
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How can you place a value on a person’s life? This is exactly what the Ford Motor Company did when assessing the cost vs. the benefits concerning their faulty production of the Ford Pinto. It had been found that the fuel bladder was not installed in the correct place so that when this vehicle was struck from behind it caused leakage. This leakage could then result in the car combusting and causing harm and in worse case scenarios death. This “ glitch” was something that the company was well
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The Problem with Business Thesis: In many businesses today ethical decisions take a backseat to profit, I believe businesses should follow a set of ethical standards and not focus solely on profit for four reasons: (1) to have respect for human dignity, (2) private lives and business lives cannot be separated, (3) ethical decisions can lead to more profit, and (4) unethical decisions can lead to serious consequences for the people executing them. There are many decisions a business must make
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