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Academic and Professional Skills Assignment : Volkswagen

   

Added on  2020-12-18

8 Pages2580 Words67 Views
ACADEMIC ANDPROFESSIONALSKILLS

Table of ContentsEXECUTIVE SUMMARY.............................................................................................................3INTRODUCTION...........................................................................................................................3ANALYSIS......................................................................................................................................4CONCLUSION................................................................................................................................7RECOMMENDATIONS.................................................................................................................7

EXECUTIVE SUMMARYEthics can be described as moral standard by which people tent to judge behaviours. Itcomprises of analysis and employment of concepts such as right and wrong. The case studyundertaken under this report is Volkswagen's in which the organisation used defeat device intheir vehicle in order to pass the diesel emission test. The report can be studied under foursection .First section highlights the impact of company's scandal on their sales and revenue.Second section talks about cost which is being by incurred by business in order to provide betterhealth opportunity to the individuals who have been affected by the businesses conduct. Thirdsection emphasises on the impact of cheating scandal on bonus of management. The fourthsection deals with the consequences that the entire scandal upon the dealers. In order to enhancetheir image it is suggested that the company restart it's business activities under different name orthey can sign up bond.INTRODUCTIONEthics can be described as moral beliefs or philosophies that are associated withindividuals or group which is related with what is right and wrong. Business ethics comprises ofmoral principles that are responsible for guiding the way organisation behaves. If theorganisation wants to survive in the market for a longer period of time it is important for them toadopt these ethical practices so that they can work in manner which does not harm environmentor humans (Blackwelder, and et. al., 2016). In the recent years the concern with adoption ofpractices related with conserving environment and sustainability have been increased. Under this report the organisation undertaken is Volkswagen which is a Germanmultinational automotive organisation. The report highlight the practices that have been used byorganisation in it's operation process which involves using defeat device or software in theirvehicle diesel engine in order to enhance the vehicle performance while maintaining theemissions within regulatory standards (Crête, 2016).The business reputation in the market is important for it's growth and sustainability. Theorganisation's bottom line is directly impacted by the amount of trust and confidence whichthey gained from consumers resulting from the organisation's reputation. Under this report theeffect of Volkswagen Scandal will be analysed in respect of corporate image and their position.

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