Ethics In The Workplace Essay Example | Topics and Well Written Essays - 1250 words

Ethics In The Workplace - Essay Example These are due to the unsafe design of the Pinto’s fuel tank, which were known to the company’s engineering when they conducted a trial or test collision of a said car model.   Yet still, the management wanted to release the Pinto car to the market despite glitches in the car’s structure.   They had identified alternative solutions in improving the design but did not implement it due to the additional $11 cost of its building expense. In the process, this would mean higher cost of the Pinto car, which would be against Iacocca’s set goal of â€Å"the limits of 2000†, meaning cost would not exceed $2000 and would not weight more than 2000 pounds.   Iacocca set the said goal in the assumption that Pinto buyers are extremely price conscious.   The most severe symptom of the problem was when charges of reckless homicide against Ford Motor Co. were filed by its consumers. Assessing the situation, the root problem can be linked to several actual problems and these are 1) Ford leader’s response to rigid competition in the car market, 2) Ethical values of the leaders of Ford that affects their decisions, 3) Lack of Total Quality Management (TQM) and 4) Lack of strict guidelines by the government during 1968 to 1977 that would protect the consumers or general public. One of Ford leaders’ responsibilities is to maintain the competitiveness of the company to the market and its employees. During the stringent competition in a motor industry, Iacocca may have thought or felt the stress in maintaining Ford’s being on the forefront of motor industry market.   In his decisions, he needed to think of creative ways of producing a car model that would exceed the cars released by competing company like the Germans that cost less both for the buyers and Ford and would benefit the largest number of people.   His decision was consistent with business decisions called Utilitarian theory, where costs and benefits can be calculated in dollars and this framework are guided by ethical decisions of generating greatest benefits for the largest number of people (Daft 1992).

What does the late nineteenth and early twentieth century global Essay

What does the late nineteenth and early twentieth century global economy tell us about the benefits and costs of globalization - Essay Example What he means is that if globalization flourishes it will ameliorate us with larger markets for manufacturers and improved alternatives for users and if it does not then it will devour us all. The fact of globalization has interested many economists in the past and continues to do so in the present as well. Globalization has many proportions like political, cultural, and economic. Of all the dimensions of globalization economic globalization has attracted many economists, researchers and scholars. This paper attempts to discover the costs of globalization and its benefits. This objective is achieved by formulating a hypothesis and then proving it. According to Hill (2002), globalization indicates a position whereby national economies integrate into an independent universal economic system. It gives a chance to develop further than the domestic markets and provides for a larger level of economies of scale in manufacture and sales. Adam Smith had opined that the level of specialization depends on the dimension of the market. Globalization is directly connected to economic development, which is connected to the expansion of international trade (Van Den Berg, 2001). Maneuvered by the self-established development of world-wide markets and technological advancement, globalization inevitably ruins all antecedently accomplished hierarchic structures. Part played by the nation-state in this circumstance is also extensively losing ground. Multinational corporations rivet huge resources, and become the core bearers of economic action on a global degree. This makes a global refinement in which the market is merged on the global level. The major parts in the economic process are the multinational companies. The role of national states is adorned by the international institutes. International corporate has basic control on the