THE LEGAL AND ETHICALENVIRONMENT OF BUSINESS
PROFESSOR JEFFREY KRAGER
LEGAL AND ETHICAL RESPONSIBILITIES Running a business can be a good thing but at the same time be the worst. There is so much to consider because the life of your business is consumers. You must create a business plan that will attract consumers and bring them in. Sounds easy? Not quite. Reason being, there is a lot of competitors out there. You have to make others believe that your products is better and why they should come to you verses the others. Also, you have to consider your approach as to reaching out to the potential clients. This is the phase in which you begin to build your clientele. Some …show more content…
of the worst case scenario would be that your company worked so hard to produce a product. You put in time, effort, sweat, and tears to create this product. Your product hit the market and it is over 2 million of these products on the market. A month later, there is a case of 200,000 this product causing harm to your clients. Now you have to pull all of the products off the shelf and think about all the money loss. Well, this is something that can happen. Let us review some cases in which this happened. One company I would like to take the time to discuss is Bexco.
They created the “Million Dollar Baby Dresser,” for children There was a few cases in which children died. The risk is that if a child clim up on the dresser, it poses a risk of it tipping over and entrapping them. 2 kids in particular, a baby boy of 11 months and a 20 month old baby girl who climbed or played with the dresser and the dresser fell on top them causing them to suffocate due to the dresser pinning them to the floor. (US Consumer Product Safety Commission 2013) As a result, the company then came up with a kit that is free of charge that contained a wall anchor strap so the dresser could attach to it and the wall to prevent it from tipping over. That was a great idea but it is unfortunately that those babies passed away. We can't bring them back but they can prevent new …show more content…
cases. Another company is Nissan Motors. I am sure many are familiar with this automotive company. I know when I see a recall of a vehicle, especially one that I am driving, I panic because you must be very careful when operating a vehicle. All 2008 Nissan Altima's with a Garmin Nuvi 750 navigation system was recalled due to batteries overheating which can cause and have caused a fire to occur inside of a vehicle. This can be extremely dangerous. Nissan had contacted consumers with this model in whom it applied to, to have it repaired by a Garmin Technician. They then inserted a spacer to help prevent this issue. That was a great move because last thing Nissan needs is a lawsuit or death/injury related cases. This could ruin it's reputation. These companies mentioned didn't face much of a consequence from what I read.
I believe that yes, people do make mistakes and nothing is perfect but when deaths and injuries are being involved, I believe that the company held some time of negligence. I believe that before a company release something to the public, especially young children, it needs to go under EXTENSIVE testing to ensure that the products could deliver! These companies should have had some type of penalty or consequences for this because of what happened. As for Nissan, luckily no one died in this case but for Bexco, they were responsible for injuries and death. This hurts me the most because I am a mother to a child about the same age as the 20 month old baby who was killed by it. It is just so sad. I could only imagine how devastated these parents
are.
Reference
2008 Nissan Altima, September 10, 2010, “Portable Automotive GPS Products/Overheats,” retrieved from: http://www.odi.nhtsa.dot.gov/owners/SearchResults.action;jsessionid=8JqhR7yhnyrWY6vp22YMSfL3zVKh7BwQZysRQwfCGkpD841nL8tG!395852902
United States Consumer Products Commission, January 30, 2013, “Million Dollar Baby Dresser Collection,” retrieved from:
http://www.cpsc.gov/en/Recalls/2013/Million-Dollar-Baby-Dressers/