identify the managerial issues related to the problem, formulate what should be

Question

identify the managerial issues related to the problem, formulate what should be done to solve the problem, and support your argument with evidence applying theories and frameworks Your report must not exceed ten pages and must include: 1. Introduction- Identify the key problem for the firm/firms (share the news article in the appendix) 2. Analysis- Conduct a brief analysis using the theories and frameworks that you have learned in class to explain causes and outcomes of the problem you identified in the Introduction e solutions: Using the concepts learned in this class, devise feasible solutions and identify the pros and cons of each. 4. Recommendation: Select a solution that you think resolves the problem the best way. Outline the ultimate goals for the company from a management perspective and recommend an action plan for the company. Identify the risks related to your recommended solution and how these risks might be mitigated. 5. Reference list You are to submit your report through Turnitin. Note: Real-life example of a firm in trouble from the news examples: Volkswagen: The scandal explained http://www.bbc.com/news/business-34324772 Kobe Steel scandal hits Boeing, Toyota and Nissan https://www.ft.com/content/a1e494c2-ad9f-11e7- 71

Explanation / Answer

Introduction

The case of Volkswagen is about fitting a defeat device in the engine of the car, which would misrepresent the emission level of the engine. By fitting this defeat device in the car, the company manufacturers cheated the consumers showing the faulty picture of the emission level of the engine. They also cheated the regulatory authorities and the environmentalists as the cars cleared the emission tests easily projecting the wrong figures.

Analysis

This is a clear case of disobeying the Corporate Ethics, where the customers, regulatory authorities and environmentalists were cheated by the company projecting wrong figures at the time of emission test.The company Volkswagen was caught in a scam because of not following the norms set by the authorities properly and cheating all the major stakeholders.

Solution & Recommendation

Volkswagen should recall all the models of the cars manufactured in that batch and replace the faulty engines in them and thus gaining the confidence of the stakeholders again.

References

Business ethics and Corporate social Responsibility Available at : http://businesscasestudies.co.uk/anglo-american/business-ethics-and-corporate-social-responsibility/what-are-business-ethics.html

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