Firestone did not want to answer any questions and wanted to only respond to any inquiries when they were forced to. Their basic strategy was to deny that this was a major defect that contributed to the rollovers. The NHTSA handled the situation gently at first, by only requesting information. The minute that they seen there was a safety issue, they should have forced both companies to engage in mandatory recalls. Their strategy was to not to overreact to the situation based on initial reports. (Ferrell, 2008)
What are the possible ethical implications of accepting responsibility vs. blaming others?
The biggest ethical implications of accepting responsibility would be: the negative publicity, the potential lawsuits, possible regulatory action and large potential losses for both companies because of the incident. When you are blaming others for the problem, you can deny any wrong doing and hide behind various laws to protect the officers / the company. This strategy will cause many regulators, the press and the general public to believe that the company / management have something to hide. For if the incident had been an honest oversight and the company wanted to fix the problem, they would be actively working with everyone to rectify the situation, instead of blaming others. (Ferrell, 2008)
Suggest measures that Firestone could take to improve tire quality in the future.
Firestone could design and implement a test that will examine the effects of their tires, at speeds exceeding 100 miles per hour....
(Ferrel, Fraedrich, & Farrel, 2009) How will the implementation of the Sarbanes-Oxley Act of 2002 prevent future dilemmas in Tyco? Sarbanes-Oxley increases: the penalties for such actions, limits the role that the board of directors will have with managers, it creates an accounting oversight board and it requires the CEO / CFO to certify under oath that all financial information is correct. This will severe as a deterrent and help to
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