...Ethical Audit Report---for Toyota
WHAT IS ETHICS?
Ethics is a standard on what is right and what is wrong towards your judgement, which usually referred to good values and virtues and the right moral duties and obligations. Arthur Holmes summarizes1 “It examines alternative views of what is good and right; it explores ways of gaining the moral knowledge we need; it asks why we ought to do right; and it brings all this to bear on the practical moral problems that arouse such thinking in the first place.”
WHAT IS ETHICAL DILEMMAS?
Ghillyer 2define ‘ethical dilemmas’ as “A situation in which there is no obvious ‘right’ or ‘wrong’ decision, but rather a ‘right’ or ‘right’ answer.
Here, we discuss the ethical dilemmas faced by the Toyota Corporation.
TOYOTA MOTORS COPORATIONS
Toyota the world’s largest automobile manufacturer Japanese corporation once over striped the General Motors and became the lead of the carmaker in the year of 2008.
First Ethical dilemmas: recall crisis
BusinessEthics: A Marketing Perspective
Recently, Toyota is facing a series of recall campaign affected by millions of vehicles for flaw design, which is the intensity ethics dilemma for Toyota up to now.
In July 2009, NHTSA (National Highway Traffic Safety Administration) starts to investigate of defective gas accelerator on Toyota Tundra. Later, there was a crash in California that a Lexus ES350 ran out of control and killed...
Unit 45: BusinessEthics
LO 1 – Understand different ethical perspectives in business
1.1 Explain the background of theoretical ethical approaches and development of theoretical ethical approaches.
Deontological and teleological ethical theory;
a. Define Deontology ethical theory
Give example of deontology by stating a Philosophical experiences or case laws
b. Define Teleology ethical theory,
Give example of teleology by stating a Philosophical experiences or case laws
c. Compare & Contrast the ethical theories.
d. Developments from deontology and teleology approaches eg utilitarianism and other consequential approaches;
e. Contribution of Immanuel Kant (1724-1804) and Stuart Mill (1808-73);
1.2 Compare and contrast absolute and relative ethics
g. Define absolute ethics and give example by stating a Philosophical experiences or case laws
h. Define relative ethics and give example by stating a Philosophical experiences or case laws
i. Compare and contrast, identify significant similarities and differences
j. Explain the roles and responsibilities of the Institute of Businessethics (IBE)
1.3 Explain the ethical issues which can affect the operational activities of a business.
definitions of business...
Professor Kathleen Davis
4 March 2013
Analysis Paper #1- Management Case 2: Short Shorts
In Don’s situation, he Don is in a difficult position because he is responsible for implementing the policies and procedures made by Fred for his business, possibly even if he agrees with them or notregardless of whether or not Don agrees with them. Depending on how badly he needs the job, Don has the choice to leave if he doesn’t agree with The Sandtrap’s policies. However, for simplicity’s sake, we will assume that like most Americans in this day and age Don needs the job like most Americans in this day in age. As manager of The Sandtrap, Don has a few decision options. He could either chose to urge Fred to keep the outfits for the sake of profit revenue gain, he could urge him to get rid of the outfits all together, or he could simply choose to ignore Lucy’s complaint and do nothing.
Whatever Don’s decision may be, there are multiple stakeholders that will be affected including the restaurant’s shareholders, employees, owner, and local residents. If the revealing outfits are kept, all stakeholders will be positively impacted because the restaurant's revenue will continue to increase. Even though Lucy and the other waitresses will continue to get harassed, The Sandtrap’s success would continue to bring drive growth and innovation to the community and provide employment opportunities to residents in the area. Fred should keep in mind,...
...Ethics and Social Responsibility
First Discussion Forum
1. "Ethics has no place in business." Discuss this statement.
Frequently many people pronounce the said “business is business”, showing a slight taste of immorality, where business are purely economic and ethics has no place in business, but is very important to know that ethics is essential component of a company. Ethics demand that the most important consideration is the people. Unethical act has a high risk. Every business leader should know that corporate reputation and building trust are closely related to honesty, transparency service quality and corporate responsibility.
2. Define the following concepts: moral standards, non-moral standards, ethics, businessethics, globalization, diffusion of responsibility and moral reasoning.
* Moral Standards: The norms about the kinds of actions believed to be morally right and wrong as well as the values placed on what we believe to be morally good and morally bad.
* Nonmoral Standards: The standards by which we judge what is good or bad and right or wrong in a nonmoral way.
* Ethics: The discipline that examines one’s moral standards or the moral standards of a society to evaluate their reasonableness and their implications for...
...BusinessEthics, A Ceaseless Battle
I have chosen to evaluate the following rules of ethics as they apply to the world of business: utilitarianism, moral rights and the justice rule. In this paper, I will define each approach and provide the strength and weakness of each as well as compare and contrast the theories I have chosen.
When employed in the use of making business decisions, the goal of utilitarianism is to maximize the greater good for the greater group of people or on the contrary, minimize the negative effects of a decision experienced by a group of people. (See essay by John Stuart Mill, Utilitarism, 1863) While it forces you to consider how the actions of a business could affect its employees, consumers, shareholders, etc., the problem is that it is often very difficult to give value to and measure the benefits of a decision versus any negative result of said action. As an example, you could look at a business’ decision to outsource jobs on a global level. The decision to outsource would benefit the business, shareholders and consumers if it increases the company’s profit margin. However, this decision would no doubt result in layoffs of domestic employees which would also affect that community. Although the business may dislike the effects of outsourcing on the community, they have to consider...
BUSINESSETHICS :: Introduction to Ethics
• • • • • • Course format Overview of topics Mode of assessment Background to Ethics History of BusinessEthics Role of BusinessEthics Today
Course Aims and Objectives The aim of this course is to give a basic understanding of the major theories of ethics - including deontology, utilitarianism and virtue theory - and their application in the relevant fields of business and information technology. One of the main course objectives is to encourage independent critical thought and develop an individual system of ethics. Course Format The class group is quite a large one, however the course will include group exercises and discussion. Each session (generally speaking) will have two parts. The first part will be informational, when we will go through the basics of a theory/issue, and the second will be participatory, involving debates, discussion groups, votes and questionnaires (not part of assessment). This will be an opportunity for you to further develop your communication skills and also to gain experience in articulating your views before your peers. It is often the case that unethical decisions/activities go without criticism due to a failure of courage rather than moral judgment. But moral courage is not an innate characteristic it can be learnt through practice, and...
Businessethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.
Businessethics has both normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative. Academics attempting to understand business behaviour employ descriptive methods. The range and quantity of business ethical issues reflects the interaction of profit-maximizing behaviour with non-economic concerns. Interest in businessethics accelerated dramatically during the 1980s and 1990s, both within major corporations and within academia. For example, today most major corporations promote their commitment to non-economic values under headings such as ethics codes and social responsibility charters. Adam Smith said, "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices." Governments use laws and regulations to point business...
...Ethics at the workplace
* Concept of ‘employment at will’ in hiring and firing
* Screening, pre-employment testing and interviews
* Method used must be reliable, valid and free from bias
* Privacy issues
* Seniority – Based on time spent on the job
* Inbreeding – Only from within the firm
* Nepotism – Favoritism to relatives and close friends
* Discipline and discharge
* Just cause – Proper reasons based on job performance
* Due process – Proper procedures to impose sanctions on employees
Privacy at the workplace
* Legitimate influence
* Informed consent
* Free choice
* Issues surrounding
* Pre-employment testing
* Drug and AIDS testing
* Monitoring of employees use of computers
* Monitoring of employees movements at work
Issues on setting of fair wages
* The prevailing law/legislation
* The prevailing wage in the industry
* The community wage level
* The nature of the job
* Job security
* Employer’s financial capabilities
* What are other inside employees earning for comparable work
Minimum wage issues
Benefits: Promotes a fairer living wage, promotes greater social welfare, argued to promote
* Increased costs for employers
* Increased cost would be passed on to the consumers of goods/services
* May cause difficulty for low skilled workers to get jobs...