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MGT 216 Week 4 Discussion Question 1

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Business Ethics and Issues Ford Pinto Case Study MGT 216 Team Assignment Outline Presentation • • • • • • • Introduction Define the Problem What would we do differently? External Social Pressures The period eye Conclusion References Ford Pinto Case Introduction • For did not upgrade the integrity of their Pinto’s Fuel system until 1978 due to the cost benefit analysis. Was this a ethical action? Ford Pinto Case The Problem • Should human injuries or deaths be left risk for the overall benefit of a company. Well Ford took that risk based on a benefit analysis The Ford Pinto Case What Would We Do Differently? Accurate measures in Cost-Benefit Analysis • • Would not have let the limit of 2,000 prevent the reporting of the issue. • Updated equipment for 1972 model line. • Notified consumers of the risk – Let them make an educated decision. The Ford Pinto Case The Period Eye Versus Today Decisions Made • 1971 • Lack of ethical/moral responsibility • Refusal to spend additional $1.00 in production costs • Underestimate costs associated with potential injuries/death The Ford Pinto Case The Period Eye Versus Today Decisions Made • 2009 • Recognize importance of ethical/moral responsibility • Spend additional $1.00 in production costs to maintain ethical responsibility • Inform consumers of potential risks • Recall of defective product • recall less costly than potential The Ford Pinto Case Conclusion • The fact is ...
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Anonymous
Awesome! Perfect study aid.

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