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Case Study on Business Ethics : Toyota Company

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Added on  2020-06-04

Case Study on Business Ethics : Toyota Company

   Added on 2020-06-04

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Business Ethics
Case Study on Business Ethics : Toyota Company_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK ..............................................................................................................................................1CASE STUDIES .............................................................................................................................2CONCLUSION .............................................................................................................................12REFERENCES .............................................................................................................................13.......................................................................................................................................................13
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INTRODUCTIONBusiness ethics in an organisation can be defined as the established code of conduct withpositive and respected attitude towards employees. There are various ethical problems likesexual harassment, lack of corporate communication and corporate social responsibility, genderdiversity, racial discrimination and age discrimination. Business ethics is basically the study ofconflicts, conflicts among values and economies, among capitalism, commerce and competitionand also among responsibility, integrity and morality (Crane and Matten, 2010). Ethics aregenerally in relation with system of principles or science of morals, rule of conduct and in abroad sense whole field regarding moral social science, incorporating jurisdiction, law andpolitical social science. TASKBusiness ethics is a way or attitude in which formation of business done or the waythrough which business makes dealing with the world. There are several trades who behave indifferent and divert manner depending on a way it is formed by owners of business. Businessethics are the standards or principle which guides employee's behaviour in an organisation.Ethics are the set of various moral principles which should be followed by business and valuesthat should be embraced by trade so as to be successful (Murphy, 2010). There are severalunethical practices and their consequences in relation with dealing with customers, which can bediscussed with the help of different case studies. Several unethical practices can be likemisleading advertising, black-hat link building, to make contact with people without theirconsent, insensitive controversy, emotional exploitation. Capitalism theory and product liability can also be understand in respect with thisconcept. Capitalism is defined as the system which is there in private ownerships who are openfor new owners, new firms and new ideas in short for a new capital. Capitalism is also describedfor its tendency which is needed to produce instability, often in association with financial crises'existence, failures and job insecurity to include disadvantaged. On the other hand, productliability is an area of law where retailers, suppliers, distributors, manufacturers and other peoplewho are there to make products available for public have responsibilities for the damage of thoseproducts (De Cremer and et.al., 2011). 1
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Utilitarianism is defined as a normative ethical theory which places the locus of wrongand right solely on various consequences of choosing single policy or action over other policiesor action. It move above the scope of individual's interest and considers interests of others. Thistheory is different from other ethical theories which make judgement of an act whether right orwrong based on things dependent on agent's motive. Virtue theory is defined a the approach to ethics which focuses on character of anindividual as the key part of ethical thinking, instead of rules regarding the act and their results(Audi, 2012). Universalism is a philosophical and theological concept with applicability and universalapplication. Universalist doctrines takes into consideration every individual in its formation. Ingeneral terms, it is a belief or idea in existence of universal, eternal or objective truth whichdetermines everything , therefore it must be equally in every human being. CASE STUDIES TOYOTAOne of the main aspect of a car manufacture is safety, concern regarding safety, safety ofconsumers and employees and the issues which are handled for safety concern. Toyota madeunethical failure in the year 2010 when company fails to fulfil their promise as an organisationby ignoring concerns of safety and also delaying recall investigations so as to save few money.After getting attacked with safety concerns for sticking pedals and faulty breaks in 2009, Toyota2
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