FORD AND FIRESTONE CASE STUDY 1. SUMMARY This case involves Ford and the Japanese tire manufacturer‚ Bridgestone/Firestone. The Ford Explorers which were prone to rolling over‚ came equipped with Firestone defected tires. The tire seemed to have a defect that caused the tread to separate from the whole of the tire and cause the vehicle to flip. Although Firestone knew about such defects‚ they continued to produce despite knowing the deadly consequences that lay behind their actions. The
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Stakeholder theory has been articulated in a number of ways‚ but in each of these ways stakeholders represent a broader constituency for corporate responsibility than stockholders. Discussions of stakeholder theory invariably present contrasting views of whether a corporation’s responsibility is primarily (or only) to deliver profits to the stockholders/owners. Milton Friedman’s (1912-) now-famous pronouncement that the only social responsibility of corporations is to provide a profit for its owners
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D1- Evaluate the influence different stakeholders exert in one organisation. I am going to evaluate how important it is for stakeholders to exert on an organisation. This is stakeholders such as employees‚ customers‚ shareholders‚ suppliers‚ owners and the government. I will also state if the influences have positive/negative effects on the long term success of the organisation. Woodbridge- The two types of stakeholder I am going to explain are students and the local community. Students can
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derives from the (healthy) relationships with the following audiences: • customers • investors • employees • competitors • the local community • government‚ and • the public at large Corporate reputation is formed by all the different stakeholder groups of the organisation in response to information received‚ and experience of the organisation. The various groups take different cues and different sets of attributes into account and each will give these a different weighting. This is why
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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
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Henry Ford (July 30‚ 1863 – April 7‚ 1947) was an American industrialist‚ the founder of the Ford Motor Company‚ and sponsor of the development of the assembly line technique of mass production. Ford did not invent the automobile‚ but he developed and manufactured the first automobile that many middle class Americans could afford to buy. His introduction of the Model T automobile revolutionized transportation and American industry. As owner of the Ford Motor Company‚ he became one of the richest
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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
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Henry Ford 1863-1947 American industrialist and essayist. One of the most esteemed figures in American industry‚ Henry Ford is credited with devising and implementing the continuous assembly line‚ thus making possible the era of mass-production‚ mass-marketing‚ and the modern‚ consumer society. Ford’s efforts are additionally thought to have shaped American culture in the early twentieth century‚ tremendously speeding the process of urbanization by making the automobile available to the middle
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Running head: FORD PINTO CASE STUDY Ford Pinto Case Study Shannon Arrighi‚ Brad Collins‚ Chasity Mobley‚ and Tom Tumminelli University of Phoenix Ford Pinto Case Study Shannon---Introduction Faced With The Ethical Dilemma In this ethical dilemma the team agrees it would have been handled differently. Within our group it seems that there would be different opinions of how it would have been handled. As an industry professional‚ ones moral obligation and responsibility of every employee
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