it\'s a survey....gizmo survey Scenario #1 : Imagine you work for the Worldwide
ID: 397079 • Letter: I
Question
it's a survey....gizmo survey
Scenario #1 :
Imagine you work for the Worldwide Tire and Rubber Company as a marketing executive. You have just been informed that a new tire made by your company has a very slight chance of resulting in a blowout which could cause a serious accident. The Engineering Division assures you that the total number of people that could be hurt by this product defect is at most 5. The problem has been corrected, but there are still 5 million of your tires out there with this slight defect.
The Legal Department asserts that it would be cheaper to do nothing and see what happens. If 5 people are injured, the maximum cost to the company would be approximately $20 million in settlements. The product recall of 5 million tires:
Scenario A: would cost at least $500 million, would generate a huge amount of bad publicity that would hurt future sales, and the effect on the price of the stock would be devastating to shareholders. Certainly, there would be no money for executive bonuses.
What are the alternatives? What are your recommendations? Why do you recommend this course of action?
Scenario B: would bankrupt the company and 3,000 employees will lose their job.
What are the alternatives? What are your recommendations? Why do you recommend this course of action?
Indicate to what extent you agree with the following statements.
5. Scenario #1 :
Imagine you work for the Worldwide Tire and Rubber Company as a marketing executive.
Indicate to what extent you agree with the following statements.
6. Scenario #1 A: World Wide Tire & Rubber Company:
Alternatives, Recommendations, and Rationale.
What are the alternatives? What are your recommendations?
What is your rationale for your recommendations? In other words, why do you recommend this course of action?
7. Scenario #1 B: World Wide Tire & Rubber Company:
Alternatives, Recommendations, and Rationale.
What are the alternatives? What are your recommendations?
What is your rationale for your recommendations? In other words, why do you recommend this course of action?
8. Classify each possible action by the executive as one of the following:
Ethical and Legal : Ethical, but Illegal : Unethical, but Legal : Unethical and Illegal.
not recalling the tires, but issuing a press release to let people know about the defect is...
Strongly Disagree Disagree Undecided Agree Strongly Agree For Scenario 1 A: The company should recall the tires. For Scenario 1 B: The company should recall the tires. the company should go out of businessExplanation / Answer
Scenario A:
What are the alternatives? What are your recommendations? Why do you recommend this course of action?
You can offer any number of arguments for keeping these tires on your apparatus and can chose to ignore all. But, what if it costs more lives than what you have expected? Who will shoulder the blame? Ethical Dilemma in the long run?
To include considerations from across the country but tailored to meet the needs of your organization. Include in your strategy some basic elements that would be considered the "minimum" that would be done in making an effort to replace the tires is logical. If you act this way at least it will work in the direction of ‘precaution than cure’, developing a hope for growth after dealing with the situation. Further the stakeholder (in terms of customers) form of governance requires that companies do the best for their shareholders but also answer to other stakeholders including employees, suppliers, customers and government regulators.
Scenario B: would bankrupt the company and 3,000 employees will lose their job.
What are the alternatives? What are your recommendations? Why do you recommend this course of action?
According to deontology theory which focuses on the rights of individuals, and regardless of the outcome, there are some things that we should not do if it means that an individual might be harmed. Based on this the organization should compensate its employees in the maximum possible way. It should provide vocational training allowing valuable skills to erode if they are not reinforced on a regular basis.
For Scenario 1 A: The company should recall the tires. Strongly Agree
For scenario 1 B: The Company should recall the tires. The company should go out of business:Undecided
8. Classify each possible action by the executive as one of the following:
Ethical and Legal : Ethical, but Illegal : Unethical, but Legal : Unethical and Illegal.
Not recalling the tires is Unethical and illegal
Recalling the tires is Ethical and legal
Not recalling the tires, but issuing a press release to let people know about the defect is ethical but illegal
8. Classify each possible action by the executive as one of the following:
Ethical and Legal : Ethical, but Illegal : Unethical, but Legal : Unethical and Illegal.
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