not make the same mistake as Ford Motor Company; The Ford Pinto Case. Ford Pinto is a car that was associated with fuel-fed crash fires. In the early 1970’s this compact vehicle showed a likelihood of catching fire when hit from behind at low speeds. (20mph). Ford needed to make a decision. Its car was in compliance with industry standards, so no laws were broken. But Ford’s own research had proved the car was deadly. Being aware of design problems with the pinto that made it more susceptible
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Questionable cost-benefit analysis by Ford In 1968, Lee Iacocca, president of Ford Motor Co., faced fear of losing market share in subcompact auto market by German Auto, Volkswagen. Although the automobile preproduction process usually takes three and a half years, Ford made it within two years from designing phase to releasing to the market. Market seemed to be impressed by Ford, but it did not go last that long. Pinto had a critical problem that its fuel tank cannot withstand any rear-impact
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will need to submit a one-page summary of the following readings: Hoffman, D. (2004) ‘The Ford Pinto’, in Gini, A. (ed.) Case Studies in Business Ethics (5th edn.), Upper Saddle River, NJ: Pearson Prentice Hall, pp. 222 - 228. Kelman, S. ‘Cost-Benefit Analysis: An Ethical Critique’ and Leonard, H. & Zeckhauser, R. ‘Cost-Benefit Analysis Defended’ in Hoffman et al. (2001) Business Ethics: Readings and Cases in Corporate Morality, New York: McGraw-Hill, pp 104-116. Class Discussion: A. Egoism
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The first option, to do nothing, is very risky. Although most bomb threats to schools are just a hoax, the price that will be paid if there is an actual bomb, namely human life, is too high to quantify. This is similar to the Ford Pinto case, where after a cost-benefit analysis, they decided the cost of fixing the death traps outweighed the benefits. In looking at this scenario, lawsuits would occur if there was an actual bomb. There would be no way to avoid them because everyone would know the school
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How can you place a value on a person’s life? This is exactly what the Ford Motor Company did when assessing the cost vs. the benefits concerning their faulty production of the Ford Pinto. It had been found that the fuel bladder was not installed in the correct place so that when this vehicle was struck from behind it caused leakage. This leakage could then result in the car combusting and causing harm and in worse case scenarios death. This “ glitch” was something that the company was well
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To Kill A Mockingbird: Overview Vanessa Vigneau English 400 March 20, 2015 Cultural and Literary Significance To Kill A Mockingbird was written during the most critical time periods of racial discrimination, the 1930s. During this time racial prejudice was already an issue, especially in the southern states, but during the Great Depression it escalated even more and the imagery in To Kill A Mockingbird allows the reader to fully understand the impact prejudice had on children and adults. To further
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human element that seems to be missing from Ford’s decision. Human life is priceless, but Ford did manage to place a number on it. The loss of life is enough external pressure to influence the recall of the Pinto and add a part that cost less than a trip to the movies. “One Ford engineer, when asked about the dangerous gas tank said, “Safety isn’t the issue; trunk space is” (De George, 2005, p. 116). The Ford Company did not operate with a concern for the people. Instead of placing the safety of
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During the Late 1960’s the Ford Motor Company was one of the leading auto manufactures in the United States. Ford was credited with revolutionizing the muscle car era of the 1950’s and 1960’s. During the mid 1960’s Lee Iacocca helped Ford establish itself in the late 1960’s with the introduction of the Ford Mustang. During this time foreign auto manufactures were gaining market share in the mid to compact car markets. This was largely due to customers seeking more fuel efficient cars because
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Ethics Keith A. Bates Sr. MGT/498 4 April 2012 Richard Rignall Ethics Ethics and Social Responsibility in Developing a Strategic Plan Ethics are values that guide personal thoughts and actions in knowing right from wrong. Personal conduct and behavior is based on how the individual views unethical behavior. Social responsibility is the company, management, and employees working and conducting themselves by following rules of society. Companies that include ethics and social responsibility into
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uncompromising: "The Pinto was not to weigh an ounce over 2,000 pounds and not cost a cent over $2,000." During design and production, however, crash tests revealed a serious defect in the gas tank. In crashes over 25 miles per hour, the gas tank always ruptured. To correct it would have required changing and strengthening the design. Many studies of reports and documents done by Mother Jones on rear-end collisions involving Pintos reveal that if you ran into that Pinto you were following at
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