Ethical Article Analysis Essay Example | Topics and Well Written Essays - 500 words

Ethical Article Analysis - Essay Example The banks will have expectations that loans are returned in full without default. The owners of the firm will expect that some black money is not being invested in their firm; they expect of the employees that their output or productivity matches their emoluments. They may have concerns as to there should not be wastage of resources and maximum production is being ensured at minimum cost. The consumers expect that they are charged reasonable prices for goods and services and firms are not seeking exorbitant profits. Moreover, consumers’ interests are not infringed by firms’ cartels or by price discrimination. General public will expect from firms that their operations are not detrimental for their health or not generating environmental pollution. The environmentalists concerns are that firms operations are not leading to ozone-layer depletion or loss of biodiversity. Government expectations are that corporate laws are not violated and firms pay taxes without evasion. Th e employees concerns are that they are paid fully for the services they render and there is no discrimination in salaries and promotions on the basis of sex differences or on any other ground. When so many different things from different quarters enter into the scene the financial decision will naturally be affected. In the business organization referred to in the article under consideration ethical concerns are categorized on the basis of the various publics with which the financial manager has to deal; these publics include the board of directors, the medical staff, vendors, regulatory agencies, employees, and consumers. A board of directors’ member interests may be in conflict with that of the organization due to his multiple roles; the board member may also represent an organization that is in competition with the institution for certain goods or services. Ethical concerns may also come up as a result

Organizational Communication Issue of Toyota Research Paper

Organizational Communication Issue of Toyota - Research Paper Example But apologies regarding how the whole situation of information shared and communication with public has been done came much later. Toyota through press releases responded to the government, NHTSA’s queries and through this releases it tried to defend itself by refuting the claims made by Toyota users regarding the possible cause of faults in the vehicle. But in spite of this, Toyota had to pay a $16.4 million fine to NHTSA in USA on April 19, 2010. It was found out that Toyota face media scrutiny which leads to increased confusion of stake holders and their criticism and questions. Toyota’s failure to respond to the public and government in transparent way and it denied the problem until asked to take actions (May 100-107). An important function of organization is communication during crisis time. A crisis can cause financial loss, decreased confidence of stakeholders and buyers purchase intentions from the organization. To handle the communication training should be given to the spokesperson. To Lerbinger, Feran-Banks and Coombs, attention should be placed on media relation in crisis time. This was important for Toyota which gave late and vague response in media regarding recall of vehicle. Communication should include pre drafted messages from top management and news releases which can be used during crisis. Corporate Leadership Council  and Business Roundtable  supported the use of these templates. PR personnel will play a key role in drafting these messages. A separate website can be created for a crisis situation or a section in existing website could be devoted to deal with these. Stakeholders and media turn up to internet during crisis situation. Taylor and Kent in 2007 persuaded the use of internet during organizational crisis. Quick response by informing the media and stakeholders about the cause and nature of crisis from the side of organization is very necessary or