decision-making framework. The Pinto safety issue was evaluated utilizing a Utilitarian framework motivated by the CEO’s Egoism. From a risk management standpoint‚ this may be the most dangerous combination in a decision-making. The Procedural steps of the decision making framework was Utilitarian in nature‚ Ford chose the action that would cause the least amount of harm for the majority involved‚ therefore allowing the minority to be harmed by death. Apparently‚ Ford did not care about the type
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issues does the Pinto case raise? The moral issues about the Ford Pinto is that they take their profit is more important than human life. They also did not inform the consumer about the facts of the Pinto. Lastly‚ they also lobbied the safety of the car to lowest standard (Shaw‚ Barry & Sansbury 2009‚ pp 97-99). （44 words） 2. Suppose Ford officials were asked to justify their decision. What moral principles do you think they would invoke? Assess Ford’s handling of the Pinto from the perspective
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Utilitarianism and the Ford Pinto Case The goal of utilitarianism is to seek out pleasure and base your decision making on creating the greatest possible happiness for the greatest number of people. Utilitarianism is only concerned with producing a desirable result‚ regardless of whether the action taken to arrive at the desired result was good or bad. In business‚ all sorts of factors are involved in creating products ranging from where to purchase raw materials‚ where to build a factory
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Principles of Responsible Commerce Tutorial Preparation Week 3 (The Ford Pinto) 1. What moral issues does the Pinto case raise? The Ford Pinto case in (Shaw‚ Barry & Sansbury 2009‚ p97) stated that Ford decided to continue produce the Pinto without making an improvement regardless of consumers’ safety because its prototype tests did not meet the safety requirement of the National Highway Traffic Safety Administration. They should not put the value of money prioritise than human life. Firstly
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Ethics Paper Name MGT/498 February 12‚ 2013 University of Phoenix Professor The role of ethics and social responsibility Organizations of all sizes and status understand the real effects and results driving organizational change. Although it is a top priority to maintain a competitive advantage with profits and competence it is as important to remember it is their responsibility to monitor‚ track‚ and enforce their ethical practices. Society today holds companies accountable for injustices
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Summary In 1968 the Ford Motor Company decided to introduce a new subcompact car to compete with foreign imported vehicles in the subcompact category. The Vice-President of Ford at the time Lee Iacocca felt that in order to grab a larger share of the market Ford must remain competitive and a decision on putting money before human lives. The Ford Motor clearly exercised poor ethics‚ the studies that Ford conducted showed a clear flaw with the gas tank in the Ford Pinto‚ and the gas tank had a
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Case Study of the Ford Pinto Fires The existing prestigious Ford Motor Company has been in business centuries. Ford is known as a worldwide leader in automotive technology‚ automotive-related products and motor vehicle services. Over the last 20 years the company has been venturing into newer industries such as aerospace‚ communications‚ and financial services. Discussing in detail the Ford Pinto fires Team D agrees that the Ford Motor Company’s main focus in the 70’s was to gain profit and
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WHAT IS THE ROLE OF ETHICS IN MANAGEMENT? Ethical management refers to corporate management that not only fulfills economic goals and legal responsibilities‚ but also meets the ethical expectations imposed by social norms in conducting business. There are 5 specific functional areas of management which is covered by business ethics : 1) Ethical management in the workplace. Ethical management is the foundation of CSR (voluntary activities undertaken by a company to operate in an economic‚ social and
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MGMT 301 January 20‚ 2013 Case Study THE FORD PINTO 1. Evaluate from a moral perspective the “cost-benefit” analysis conducted by ford In determining whether or not to make the production change‚ the Ford Motor Company defended itself by contending that it used a cost-benefit analysis. Ford stated that its reason for using a cost-benefit analysis was that the National Highway Traffic Safety Administration required them to do so. The cost-benefit approach excuses a defendant if the monetary
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http://www.helium.com/items/1227445-business-ethics-albert-carr-business-bluffing http://www.helium.com/items/1227445-business-ethics-albert-carr-business-bluffing?page=2 Sherefkin‚ R. 2003. Lee Iacocca ’s Pinto: A fiery failure; Exploding gas tanks killed and maimed hundreds and wrecked Ford ’s reputation. Automotive News‚ 15 June 2003.
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