Monday, May 14, 2012

Ethical Companies

Ford Motor Company is one of the most ethical companies in the world. The Ethisphere Institute (E.I.) is an organization that analysis companies around the world and it awards the companies being the most ethical companies. The E.I. looks at the company's social responsibility, corporate governance, and business practices. There is a list of what the E.I. looks for in a company below:
-A review of each company's codes of ethics, litigation and regulatory infraction history

-An evaluation of investment in innovation and sustainable business practices

-A look into activities designed to improve corporate citizenship

-Input through nominations from senior executives, industry peers, suppliers and customers

I'm glad that the E.I. doesn't just look at the code of ethics but basically the whole company in regards to how the company handles itself and what others think about Ford Motor Company. I think that Ford should have a system where they look at the Dealerships on their business practices. I would like to see Ford doing reviews of each of the dealerships and any customer complaints. Also, Ford should have a system that allows dealerships to come up with their own ethical standards. Ford then reviews the ethical standards and have a yearly review of how the dealership is going by its own ethical standards. It should have a copy and paste method from the E.I. to its dealership maybe make some changes to it so that it can better fit dealerships.
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