Discuss how the philosophy of economist Milton Friedman may have influenced the employees, executives/managers of the company.
Business ethics courses taught in colleges and universities are sometimes thought to be primarily about making students more ethical. However, this is typically, not what business ethics regards as their primary task. Rather, business ethics faculty typically regard their job as one of helping students to understand the complex ethical issues managers must confront, best practices with respect to ethical management, and sound public policy regarding the relationship of business to society. You will discuss the legal and ethical issues surrounding the historic product liability case mentioned in most Business Ethics books as the Ford Pinto case.
You will need to research the company through the University. We also have additional sources created for our class. Please use this link: http://apus.libguides.com/BUSN623 ( select the tab for Business & Legal Issues created for this course)
Incorporate three specific laws (e.g. contract, tort) or ethical codes that apply to the corporate decisions in this case. Discuss how the philosophy of economist Milton Friedman may have influenced the employees, executives/managers of the company. Discuss Ford or Lee Iacocca moral responsibilities to stakeholders and to the safety of customers. In addition, identify an ethical framework other than Free Market Ethics that applies to this situation and discuss how it may have influenced the executives of the company.
Your essay should be 1500 – 2000 words and in APA format. Use at least seven credible sources for your essay, including at least two sources from the University library. Refer to the Writing Assignment Grading Criteria for assignment requirements in content, organization, writing style, grammar and APA 6.0 format
I attached the rubric of everything that needs to be in the paper.