FORD PINTO CASE The Ford management has chosen to be unethical and morally unworthy to be trusted with the lives of its customers. Can you just imagine the number of individuals riding every day in the cars that they produced‚ who are unaware that they could be in an injury any moment? Ford management has chosen not to follow the safety guidelines and standards in producing such products because at that time‚ the government is still not that strict in implementing such rules. And because of their
Premium Ford Pinto Cost-benefit analysis
Utilitarianism and the Ford Pinto Case The Ford Motor Company manufactured a subcompact vehicle called the Ford Pinto during the years from 1970 to 1980. The Ford Pinto was advertised successfully to consumers and The Ford Motor Company was rewarded with sales for the Ford Pinto in the hundreds of thousands. Was the reward worth the cost? The Ford Motor Company knowingly engineered the Ford Pinto with a design flaw in the placement of the gas tank and a design flaw in the connection of the fuel
Premium Ford Pinto Ford Motor Company
It was once said‚ "Those who do not study the past are deemed to repeat it." On the brink of the new 21st century it is important for us at the Ford Motor Company to take a look at our past to see what has worked and what has not in order to set the standards for the automotive industry. It is also imperative to take a close look at what our competitors have done because we can also learn from their mistakes as well as improve on some of their ideas that have worked for them. It is important to
Premium Ford Motor Company Automotive industry
CASE STUDY THE FORD PINTO Q1.What moral issues does the pinto case raise? The moral issues raised in Pinto case are that business should not put a value on human life and avoid known dangers. As ford thought they could get away with a dangerous automobile by paying off those lawsuits from people who were injured and the families of the dead. Ford thought it was more cost effective not to fix the dangerous condition than to spend the money to save people. Q2. Suppose ford officials
Premium Ford Pinto Ford Motor Company Cost-benefit analysis
FORD MOTOR COMPANY MULTINATIONAL ENTERPRISE MEMBRES OF THE GROUP: * Guerrero Quiñónez Andrea Guerrero * Larrea Vinces Ingrid * Rosado Loor Vanessa 1.-NAME OF YOUR MNE‚ WHERE ARE THE HEADQUARTERS AND WHO ARE THE OWNERS. The Ford Motor Company‚ Ford simply called‚ is an American multinational automaker based in Dearborn‚ Michigan‚ United States. It was founded on June 16‚ 1903 by Henry Ford in Detroit‚ Michigan. According to Fortune magazine‚ DaimlerChrysler and Toyota surpassed
Premium Ford Motor Company
A Financial Ratio Quarterly Trend Analysis of: Ford Motor Company Computations Line Item | Beginning of Year | | | | | Inventory | | | | $5‚901‚000 | | | | | Total assets | | | | $178‚348‚000 | | | | | Owners ’ equity | | | | $15‚028‚000 | | | | | Number of common shares | | 3‚816 | | | | | | | | | | | | | | | | | | 9/29/2012 | 6/29/2012 | 3/30/2012 | 12/30/2011 | | Line Item | Q1 | Q2 | Q3 | Q4 | Annual | Current
Premium Ford Motor Company Balance sheet Asset
Ford had Responsibility to Fix Pinto The Ford Pinto case study clearly presents an unethical and immoral practice that shows corporate greed for a positive bottom line is more important than the value of human life. Along with the issue of greed is the need to outdo the competition to be the best in the automobile industry. Together these issues cloud the judgment of Ford’s management. The use of cost-benefit analysis to determine if the flaw in Ford Pinto automobiles is worth the financial
Premium Ford Pinto Ford Motor Company Automotive industry
Ford Motor Company: A Business Analysis Mary J. Richardson MGT 521 January 30‚ 2012 Erick Espinosa Developing sound strategic plans to address the changing business climate is crucial to organizations operating in today’s global environment. Throughout its history‚ Ford Motor Company has developed effective strategic plans to adapt the business to the changing economy while addressing the needs of their customers and employees. By analyzing the company’s strategic planning‚ along with its
Premium Automotive industry Ford Motor Company General Motors
day. In fact‚ the output of United States motor vehicles manufacturing is forecast to grow at an annual compounded rate of six percent between 2012 and 2016. The Interindustry Economic Research Find‚ Inc (IERF) funded this forecasting and research project. Data from the Automobile research provided the chart below - published September 2012 Automobile Manufacturing Growth Fluctuates Table 1: Industry Forecast (Data Published September 2012) Ford Motor began mass-producing manufactured automobiles
Premium Ford Motor Company Automotive industry General Motors
Ford Motor Company Ford Motor Company is the third largest automobile manufacturer in the world based on automobiles sold. Ford manufactures and distributes automobiles in 200 markets across six continents (Datamonitor 4). Ford ’s brands include Ford‚ Jaguar‚ Lincoln‚ Mercury‚ Volvo‚ Land Rover‚ Aston Martin‚ and Mazda. Ford ’s key products include passenger cars‚ trucks‚ busses and vans‚ sport utility vehicles‚ vehicle accessories‚ after-sales vehicle parts and products and extended repair service
Premium Ford Motor Company Automotive industry General Motors