Demonstrate how to apply the ethical decision-making process

Assignment Help Business Management
Reference no: EM131435083

Ethic Business Homework

Measuring Our Worth

Read the Decision: Point Measuring Our Worth. Page 277.

This Decision Point deals with how we measure the intrinsic value of a life in addition to the instrumental value.

The scenario discussed is that of the Ford Pinto, which involves a decision that teaches the hazards of considering only the instrumental value of a life.

In 1968, Ford Motor Company made a historic decision regarding the Pinto, which was engineered with a rear gas tank assembly that had a tendency to explode in accidents that involved some rear-end collisions. The company allowed the Pinto to remain on the market after it determined that it would be more costly to engage in a recall effort than to pay out the costs of liability for injuries and deaths incurred.

In an infamous memo, Ford's senior management calculated what the company would likely have to pay per life lost. It is noteworthy that these estimates were not Ford's alone but were based on figures from the National Highway Traffic Safety Administration. Using these figures, the costs for recalling and modifying the Pinto were $121 million, while the costs for settling cases in which injuries were expected to occur would be only about $50 million.

Write a 2-3 page, APA style paper considering the following questions when assessing this scenario:

1. Businesses have reasons to consider these issues, though extraordinarily difficult; how should they reach conclusions in these areas? (Demonstrate how to apply the ethical decision-making process)

2. How should the intrinsic as well as the instrumental value of a human life be determined?

Provide 3-5 APA style references (other than the textbook)

Your paper should reflect scholarly writing and current APA standards. Please include citations to support your ideas.

Attachment:- pg._277.pdf

Reference no: EM131435083

Questions Cloud

Why were they served dinner for their breakfast : Why were they served dinner for their breakfast? Was this a clash of cultures or just a misunderstanding, or might something else have influenced the event? Can you figure out some of the contributing factors.
Views on future of social media and social media marketing : What are your views on the future of social media - and social media marketing? Describe two or three trends or developments you think may evolve over the next decade.? When designing a social media marketing plan, marketers must be sure to select an..
What conflicts did you have to resolve : How has this experience been for you? How did you build a respectful relationship with the practitioner? What conflicts did you have to resolve? Did your ideas about CAM change, and how will this affect your greater community
Capital budgeting measurement criteria : In this assignment, you will learn about the capital budgeting process, which is basically how companies evaluate their investment in various projects, such as buying new machinery or expanding into a new plant. In addition, you will learn about t..
Demonstrate how to apply the ethical decision-making process : Businesses have reasons to consider these issues, though extraordinarily difficult; how should they reach conclusions in these areas? (Demonstrate how to apply the ethical decision-making process).
Write essay summarize key feature of business communication : BUS 303- Write a short essay summarizing the key features of business communication, as opposed to ordinary, everyday communication. Feel free to use short lists.
Should private sector engage in peace building activities : In your opinion, what role should the private sector play in peace building? Should the private sector engage in peace building activities
Present to the class an example of effective branding : Conduct research and present to the class an example of effective branding. Was it an example of private branding, generic branding, manufacture branding? Do you think that the company targeted a specific consumer group? What sort of variables (demog..
Discuss about an important task for hr personnel : You have recently been appointed as a training manager for the southeast region of a major supermarket chain in the U.S. Your territory includes 15 retail stores. Your responsibility involves working directly with store managers and other stakehol..

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd