Ethics and Product Consumption
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Ethics and Product Consumption
MKT/431
Ethics and Product Consumption
In the business arena having a code of conduct that dictates the behavior of people in the organization is ethics. Owners of businesses understand the need of conducting businesses using ethical practices. Employing ethical practices ensures customer loyalty, which is a demand in the business world (Donohue, n.d.). Ethics should always be practiced to gain the trust of others. Customer satisfaction is what happens when businesses are true to their policies concerning ethics. This allows businesses to build strong reputations resulting in more business. Reputation precedes you is a statement used that will either work for you or against a business. Businesses desire to hear this to know their business is having success. When people are speaking positive about a business others begin to look more closely. Practicing ethics provide people the assurance needed to trust the reputation of a business.
Changes in economic has continued to make a lasting effect on the auto industry. However there has been some relief. The changes have truly transformed how business is conducted. A company must be able to distinguish the paths they face while being able to position themselves to tackle any hurdles to achieve the goals they set. One way a company can poise themselves to meet demands is by having thorough competent management, strong leadership, and ethical practices being implemented. Ford Motor Company is one company that has produced results that illustrate the power of effective management and precise leadership with sound ethical decision making and practices (Bullard, 2009). Ford Motor Company has proven itself as a company with the abilities to employ qualified managers and leaders to improve past mistakes. The company made changes to help poised for a vibrant economic future. Ford Motor Company has been on the top list of most ethical companies in the world. This happens because of the clear and directive leadership this company employs.
Ford Motor Company is one of the largest automaker in the world. It has operations all over the world. The company has been revolutionary for over one hundred years in impressive ways. This all happens because the company is not afraid to meet face to face with changing demands of customers. Having the right people in charge helps the company stay afloat. The company requires a culture of firm management ability and exceptional leadership to continue its prosperity.
From the creation of the company Ford Motor has conducted business with the attitude of making connections by having decency and conducting good business. This is a ethical vision is what made this company a leading force in the auto industry and one of the greatest enterprises in the twenty-first century. Ford Motor Company has been on the Ethisphere Institute list as one of the Worlds Most Ethical Companies from 2010 to present. The organization