http://money.cnn.com/2008/10/15/news/companies/nissan_recall.ap/index.htm?postversion=2008101511
this article isnt exactly the most important news going on, nor does it have any bad ethical behavior. however, it does have good ethical behavior. Talking to one of my other business professors, he mentioned when companies recall or take items off the shelf b/c of a defect, it actually builds the company up and shows the consumers they are a good company and care about there consumers. i thought this was similar to the broad view of capitalism. and how we have an obligation to do good even when its not for direct profit.
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its really good that ethics are a part of companies. It helps people build trust in our car companies which will in turn make them money becasue more people will buy a car thats safe with no defects.
This directly relates to the reading we had about the "Myth of Amoral Business." It's most definitely in the best interests of Nissan to go forward with the recall rather than to just sit back and cover it up......which would ultimately cost them way more in the long run. However, the costs to recall over 200,000 vehicles are pretty serious.
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