Volkswagen Ethical Issue
Assignment for week 6
To prepare for this Assignment, identify and research a business ethics crisis for scandal. You may want to review Chapter 13 and Case 15 of Dyer, Godfrey, Jensen, and Bryce (2018) for ideas, as well as the Walden Library databases. Consider how a strategic decision can negatively impact social change and how infusing ethics into business strategy can help prevent crises.
By Day 7
Submit a 5- to 7-page paper evaluating business ethics within the context of positive social change. Your evaluation should address the following:
- What are the essential details of the event, and what do you see as the causes of the crisis and/or negative impact to society?
- Where do you see failures in corporate governance?
- What caused the failures in the ethical culture and climate of the company?
- What ethical policy might prevent this scenario from occurring in the future?
- If you were a leader within this company, what choices would you have made differently to effect positive social change?
Driver, M. (2012). An interview with Michael Porter: Social entrepreneurship and the transformation of capitalism. Academy of Management Learning & Education, 11(3), 421–431. doi:10.5465/amle.2011.0002B
Note: Retrieved from the Walden Library databases.
Dyer, J., Godfrey, P., Jensen, R., & Bryce, D. (2018). Strategic management: Concepts and cases (2nd ed.)Hoboken, NJ: John Wiley & Sons.
- Case 18: “Safe Water Network: Mastering the Model at Dzemeni” (pp. C-189-–C-201
Servaes, H., & Tamayo, A. (2013). The impact of corporate social responsibility on firm value: The role of customer awareness. Management Science, 59(5), 1045–1061. Retrieved from http://faculty.london.edu/
Answer preview
In the current competitive environment, businesses focus on expanding their bottom-line and often disregarding their roles to society, employees, environment, and customers. It is essential for the company to embrace its responsibilities to society, employees, customers, and other stakeholders. By accepting its responsibilities, the business builds a positive relationship with its customers, employees, and other stakeholders to build the company’s reputation. It drives the stakeholder’s commitment to the success of the company. It becomes much easier for the company to close the line between violating ethical requirements and wealth generation. The company should implement…
(1600 words)