ENS2159: Engineering Innovation and Ethics Assignment
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Added on 2021-06-02
ENS2159: Engineering Innovation and Ethics Assignment
Added on 2021-06-02
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ENS2159: Engineering Innovation and EthicsVolkswagen Diesel Emission ScandalReport on Volkswagen emission scandal [Name][Std id]Table of Content1
sExecutive summary.........................................................................................................................3Company overview..........................................................................................................................4Introduction......................................................................................................................................4Analysis of causes and impacts of the scandal................................................................................5Causes..........................................................................................................................................51.Technology shortcoming:..............................................................................................52.Company culture:................................................................................53.Bad human resource practices:......................................................................................64.Bad ethical culture:........................................................................................................6Impacts.........................................................................................................................................61.People’s health:.............................................................................................................62.Workforce’s Bonus:......................................................................................................63.Drop-in sales:................................................................................................................74.Drop-in Volkswagen shares:.........................................................................................7Analysis of the Volkswagen scandal’s ethical problems.................................................................8Recommendations and their challenges when Volkswagen adapt..................................................91.Recommendation:..........................................................................................................9Challenges:..............................................................................................................................92.Recommendation:..........................................................................................................9Challenges:..............................................................................................................................93.Recommendation:........................................................................................................10Challenges:............................................................................................................................104.Recommendation:........................................................................................................10Challenges:............................................................................................................................10Conclusion.....................................................................................................................................10References......................................................................................................................................132
Executive summaryEthics are essential to ensure the failure or success of an organization. The unethicalbehaviour reflected by the Volkswagen diesel emissions scandal caused the company to lose amassive amount of money and its severity. According to the report, in September 2015,Volkswagen acknowledged that it had installed more than 600,000 diesel vehicles worldwidethat met stringent emission standards, making it the front page of all news media (Agusti et al.,2018). From the press release onwards, Volkswagen's reputation, stock price, stock price, etc.The company has taken many steps to rebuild its image and restore confidence in the US federalgovernment. The biggest problem they face is that CEO Martin Winterkorn pressed to cover upthis massive mistake. The facts of the case show that he was aware of Volkswagen engineers'actions and was also authorized to cover them (Andrade and Tomblin, 2018). The ethicalprinciples violated by the company are maximum health, fairness, goodwill and efficiency. Wewill explore the sheer scale of this scandal and the negligence of top management to handle theconsequences.3
Company overviewThe Volkswagen is a German automobile manufacturer that mainly sells Bentley,Lamborghini, Audi, SEAT, Porsche, Skoda, Bugatti, and Volkswagen motorcycles such asDucati as well as commercial vehicles (Jacobs and Singhal, 2020). The organization with aninitial listing on the Frankfurt Stock Exchange and a secondary listing on the Sixth Swiss StockExchange in Luxembourg. Since 1988, it has traded in the USA through receipts of Americandepository. The organization’s headquartered in Wolfsburg, Lower Saxony, Germany (Mačaitytėand Virbašiūtė, 2018). The divisions, including the financial services and automotive, around340 subsidiaries.Figure 1: Vision and mission of VolkswagenIntroductionThe business world has witnessed many instances of ethics, such as unethical behaviourthat affects its economic status and stakeholders. Many global and local companies haveinvolved in well-known scandals, including unethical behaviour, such as Volkswagen.Nowadays, companies focus on making money and increasing shareholder value, equallyemphasizing ethics as one of their business foundations (Strittmatter and Lechner, 2020). Ethicsis a crucial practice in creating a fair and equitable business environment. Every company4
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