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Professional Ethics - PDF

   

Added on  2020-04-21

7 Pages1390 Words113 Views
Running head: PROFESSIONAL ETHICSPROFESSIONAL ETHICSName of the StudentName of the UniversityAuthor’s Note

1PROFESSIONAL ETHICSTable of ContentsIntroduction......................................................................................................................................2Ethical situation and its impact on the organization........................................................................2Managing the situation and solution applied...................................................................................3Evaluation and proposal of alternative situation.............................................................................4Conclusion.......................................................................................................................................4References........................................................................................................................................6

2PROFESSIONAL ETHICSIntroductionThe aim of this study is to analyze on the ethical issue of the Toyota Motor Corporation.Toyota Motor Corporation also known as Toyota is a multinational automobile manufacturingcompany that is headquartered in Japan. This organization has been ranked fifth biggest in theglobe as measured by revenue (Chun et al., 2013). Toyota has been considered as the marketleader in the globe in terms of sales of electric vehicles. In addition, the organizations’ financialservices division mainly offers financing to the dealers as well as their customers for purchasingToyota vehicles. This company conducts their business in automotive industry. The nature ofbusiness of Toyota is to design, produce and sale vehicles and related parts in the global market.Ethical situation and its impact on the organizationBusiness ethics refers to the form of professional ethics that evaluates ethical principlesas well as ethical issues occurring in the business environment. It ensures required trust level thatexists between the customers and different forms of participants in the market with business. Inaddition, the economic globalization increases pressure on the business ethics. The Toyota’srecall problem reflects that the business ethics has been ubiquitous and this impacts on thedevelopment as well as prosperity of the organization (Crane & Matten, 2016). This companyhas been well known for Union busting, which led to destruction of small nations in the globe. Ithighlights on the decrease in standard of living of the citizens of country. There are more thaninstances of the Toyota’s manufacturing plant in US where the employees are often fired or oftendisappear from compensation pay roll. Recent study reflects that the employees working in fewmanufacturing plants of Toyota suicides due to their unethical behavior (Durkheim, 2013). Eventhis organization builds their manufacturing plants in poor nations for taking advantage of the

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