Social Responsibility
Social responsibility is the obligation that a company owes society and plays an important role in how the company is regarded in a community. It also extends beyond the actions within a company, and includes activities that impact the environment where the company conducts its operations. Social responsibility can be characterized by charitable donations, volunteering time and energy, environmental sustainability, or leadership of various campaigns that embody social responsibility. Ford Motor Company has stumbled in the past, but has mostly turned around its operations by making more ethically sound decisions.
The aforementioned Ford Pinto fiasco happened as a result of Ford Motor Company attempting to cut corners within its manufacturing process. Furthermore, it was not the only time that Ford Motor Company paid for its unethical behavior. For example, the Ford Explorer rollover in the 2000’s was a debacle from the beginning. The primary reason the Explorers were rolling over was because Ford Motor Company opted to falsify the rollover test that was a mandatory safety requirement for all vehicles. Ford Motor Company achieved …show more content…
Each time a new strategy had to be developed, the executives at Ford Motor Company were able to execute its strategy effectively. If drastic measures had to be enforced, the company had no qualms in removing the excess weight. For example, in years leading up the government bailout in 2008, Ford Motor Company sold its rights to Land Rover and Jaguar in an attempt to jettison unprofitable brands and stymie the financial losses. As a result, the company was not only able to survive, but it also thrived in the competitive automobile industry. For that reason, Ford Motor Company was able to exploit an effective corporate
Social responsibility is the obligation that a company owes society and plays an important role in how the company is regarded in a community. It also extends beyond the actions within a company, and includes activities that impact the environment where the company conducts its operations. Social responsibility can be characterized by charitable donations, volunteering time and energy, environmental sustainability, or leadership of various campaigns that embody social responsibility. Ford Motor Company has stumbled in the past, but has mostly turned around its operations by making more ethically sound decisions.
The aforementioned Ford Pinto fiasco happened as a result of Ford Motor Company attempting to cut corners within its manufacturing process. Furthermore, it was not the only time that Ford Motor Company paid for its unethical behavior. For example, the Ford Explorer rollover in the 2000’s was a debacle from the beginning. The primary reason the Explorers were rolling over was because Ford Motor Company opted to falsify the rollover test that was a mandatory safety requirement for all vehicles. Ford Motor Company achieved …show more content…
Each time a new strategy had to be developed, the executives at Ford Motor Company were able to execute its strategy effectively. If drastic measures had to be enforced, the company had no qualms in removing the excess weight. For example, in years leading up the government bailout in 2008, Ford Motor Company sold its rights to Land Rover and Jaguar in an attempt to jettison unprofitable brands and stymie the financial losses. As a result, the company was not only able to survive, but it also thrived in the competitive automobile industry. For that reason, Ford Motor Company was able to exploit an effective corporate