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Volkswagen Emission Scandal Name of the Student Name of the University Author's Note

   

Added on  2020-05-08

19 Pages4672 Words136 Views
Running head: REPORTVolkswagen Emission ScandalName of the StudentName of the UniversityAuthor's Note
Volkswagen Emission Scandal Name of the Student Name of the University Author's Note_1
1REPORTExecutive SummaryThe ethical consideration plays role in ensuring the required trust between consumers andvarious other forms of market participants with business. The concept of ethics raised during thesecond half of 20th century with companies becoming more aware of a rising customer basedsociety. The automotive industry was shaken up by the unethical actions of Volkswagen in theyear 2015. The report will study the emission scandal of Volkswagen. The case descriptionidentifies the participants of in the scandals and the reason behind the conduct of such unethicalpractice. The report also describes the effects of the ethical failure of VW. The report alsoanalyses the case with several theories of business ethics and identifies some of the majorstakeholders in the case. A recommendation is provided at the end of the report stating thepossibilities and ways of avoiding such unethical issues in the future.
Volkswagen Emission Scandal Name of the Student Name of the University Author's Note_2
2REPORTContentsExecutive Summary.........................................................................................................................1Introduction......................................................................................................................................3Case Description..............................................................................................................................4Participants in Emission Scandal.................................................................................................5Reasons for Rigging Emission Test.............................................................................................6Effects of the Scandal..................................................................................................................7Critical analysis of the sustainability issues....................................................................................8Management of the stakeholders..................................................................................................9Sustainable development..............................................................................................................9Impact on the stakeholders.........................................................................................................11Recommendations..........................................................................................................................11Conclusion.....................................................................................................................................13Reference.......................................................................................................................................16
Volkswagen Emission Scandal Name of the Student Name of the University Author's Note_3
3REPORTIntroductionThe study of business ethics ensures the policies and practices related to the potentiallycontroversial issues. The purpose of considering the ethics is to guide the business for gainingpublic acceptance by avoiding the issues like fiduciary responsibilities, corporate socialresponsibilities, discrimination, bribery, insider trading, and corporate governance. In otherwords, the ethical consideration plays role in ensuring the required trust between consumers andvarious other forms of market participants with business. The concept of ethics raised during thesecond half of 20th century with companies becoming more aware of a rising customer basedsociety. It generally goes well beyond being just a code of right and wrong, and attempts toreconcile the legal responsibilities of the business organization versus holding an advantageousposition in competitive market. Weiss (2014) in his book identified several cases of ethical issuesfaced by the present international business organization and concluded the raise of ethical issuesin 21st century. The report focuses on the ethical issue faced by the German automotive companyVolkswagen in 2015. Volkswagen has again made the headlines for recalling nearly 500,000diesel cars from United States in 2015. It is due to the company’s inappropriate ethicalconsideration in corporate decision-making. This corporate scandal of Volkswagen is a multiplelevel ethical violations and can be viewed from different angles. The relation of the case can bedrawn to the environmental disaster, international business ethics, unfair business practices, aswell as illegal corporate activity. This is shocking news reported against the once admiredGerman automaker for corporate misbehavior. The company not only disregarded the federallimits of emission control, but also decided to hide them. Every single diesel car sent to the
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