3 FORUM #2 allows both the government and the manufacturer of the vehicle to have more influence in the long run. Tesla is a great example of a company that has much more influence than just building electric cars, they have political influence that helps market their product as well as drives the government to maintain open regulations that help keep the world a safer place for drivers. Galatians 6:10 says “Therefore, whenever we have the opportunity, we should do good to everyone—especially to those in the family of faith.” As a business, the best option they have to make a difference is to help everyone they come in contact with and drive the conversation of getting better further. When a company backs the product that they produce and truly care about helping the individual that has the product, even in the case of a recall, that business potentially has the advantage to market into the political world and grow. When the government regulates products, this allows a company to narrow down on their weaknesses and potentially mature for all their customers. Finally, automotive manufacturers should focus on recalls as a corporate responsibility as the government would want them to fix the problem and produce better products for the customers.
4 FORUM #2 References Bailey, D., & De Propris, L. (2017). Brexit and the UK Automotive Industry. National Institute Economic Review , 242 (1), R51–R59. Fischer, K. (n.d.). Globalization and Big Business. Lawrence, A. T. & Weber, J. (2017a). Business & society: Stakeholders, ethics and public policy. Powerpoint. Chapter 8 Lawrence, A. T. & Weber, J. (2017b). Business & society: Stakeholders, ethics and public policy. (14th ed). New York: McGraw-Hill. Liu, Y., Shankar, V., & Yun, W. (2017). Crisis Management Strategies and the Long-Term Effects of Product Recalls on Firm Value. Journal of Marketing , 81 (5), 30– 48.
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