Business Law and Ethics Case Study Example | Topics and Well Written Essays - 1250 words

Business Law and Ethics - Case Study Example According to my opinion, when the managers at the Ford Company knew the danger of the faulty fuel tanks in their newly designed products, then it is very much unethical to do any cost-benefit analysis. It seems that Ford wants to do a cost and benefit analysis in the replacement of many people who are anxious to buy the first Fort Pinto car. In this situation of Ford Pinto Case analysis, the cost and benefit analysis play the same role as we say the rule of profit maximization. The rule of profit maximization says the taking care of profits irrespective of anything else is similar that we may do a cost analysis when we are aware of the fact that there are human lives involved in the situation. The managers should do a detailed analysis on the design and features of the product before taking any final decision. If the product safety may fall short behind the ethical boundary then it will be difficult for the business to cover up the losses in the form of a bad image of the company in the market. The ethical issue in the Ford Pinto case study is the faulty fuel tanks in the newly launched product and the top management is fully aware of the faults. The top most ethical conflict was the rejection of the Incharge of Ford Pinto to adopt any additional cost of giving the safety measures in the product. The most affected stakeholders of this unethical act are the customers who are willing to buy the newly launched Ford Pinto. Including them, many other stakeholders are also affected by this decision of Ford.