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Toyota got into a situation wherein disclosure could be damaging to both the company and to its customers. An ethical problem existed wherein a decision has to be made between what is bad and what is good. Toyota is also faced with a decision to act based on legality or efficiency of actions.
The first steps in analyzing ethical issues are getting the facts to guide decisions and next are the appeal to values because the facts does not tell us what to do, but values directs us to moral issues of decisions.
Documents showed that the Toyota knew of the problem with the sticky pedals in late September but did not issue a recall until late January. Why did they hide it from the public? Was it their intention to continue selling damaged vehicles and let buyers beware and face accidents?
There is very little information on the internal events about the damage, who discovered it and other related details. What has been established is that Toyota knew of the damage as early as September of 2009 but made announcements only in late January in 2010. In five months time, there could have been accidents due to faulty breaks that could have been avoided.
Individual groups who have important stake in the issue are customers of Toyota; the management and stockholders and the government. Some concerns that got Toyota into a mess, I believe, is the fear for outcome of decisions that would adversely affect Toyota’s operation.
Those who will be affected by the first action are the Toyota customers who are facing dangers of accident due to faulty break system. Report said that there are about 2.3 million Toyota vehicles affected by the damage.
In the second action, when Toyota announced to public the damage and recall of the cars, those affected are the stockholders and management. Confidence of customers on Toyota is threatened thereby there is a risk of decline of sales. Investors will also lose
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Understanding the business ethic decisions is equally indispensable in the long run viability of any company in the world (Miller & Jentz, 2008, 43). Having ethical decision is also notable for well being of the company officials as well as the company’s employees.
Within the defined parameters of organizational structure, leaders motivate the target group for optimal performance outcome. The ethical consideration of organization leadership becomes a crucial factor. Hence, my personal philosophy of leadership ethics would broadly comprise of the following values and principles that I intend to apply in my professional life.
In relation to some of these ‘Commandments’, it is understandable that the rule set out is absolute. However, in relation to others, it is not practical and perhaps in some cases not even ethical, to follow such ‘Commandment’ absolutely and to the letter in all circumstances.
With regards to this particular theory, every principle is valid according to specific cultural practices and beliefs. Another theory of ethics is the theory of divine command. This theory makes the argument that God alone is the one who makes decisions on moral standards since he knows everything.
. Terms and conditions apply, see virginmobile.co.uk/insurance for details". (ASA 2013)
The terms and conditions applied to the insurance which would not cover if a consumer left the phone on the train intentionally. If the phone was left
concerned with the empirical means of focusing on, and knowing how to critically evaluate and apply existing research data in order to comprehend and enlighten clinical decision-making functions (Rubin and Bellamy 51). Even though it is not the only way of discovering facts,
One of the major aspects that are adopted by firms is the code of ethics. This entails a set of principles that guides a firm in its policies and programs. Ethical philosophy is applied in every department within an organization. This paper aims at discussing the ethical