White collar crimes are crimes committed not because of poverty, but because of social greed, social acceptance, and personal greed. Street crimes are often committed by individuals who experience poverty, may be unemployed or underemployed, and may have low education. Ethics is what an individual or organization ought to do. During the manufacturing of the Pinto, Ford followed the federal safety standards as they where currently written during this time in history. Although Ford had the ability to change its design of the Pinto to prevent explosion and the loss of lives, the company chose to continue with the current design.
White collar crimes are crimes committed not because of poverty, but because of social greed, social acceptance, and personal greed. An example of a white collar crime the embezzlement by a CEO. This individual is educated, socially known, and has a paycheck that can support more than the requirements for basic living. Street crimes are often committed by individuals who experience poverty, may be unemployed or underemployed, and may have low education.
Many businesses have gained a negative reputation by their method of conducting business. Many hold the perception that people (and corporations) are only interested in their own self-interest (and bottom line figure for organizations). It could be called capitalism in its purest form. Earning money is not wrong in itself, but it is the manner in which some individuals and organizations conduct themselves that questions the behavior of ethics.
Good ethics should be a part of our daily practices, which includes our business practices. Ethics is what an individual or organization ought to do. We must keep in mind what society deem as unethical is not necessary illegal. Certain activities in the U.S. are considered as unethical and illegal, but are not in other countries. The same is true among the various religion practices implemented in the U.S.
The three different types of ethical theories are deontological, consequential, and utilitarian. Those who follow the deontological theory believes rightness of an action is not simply dependent on maximizing the good, if that action goes against what is considered to be moral; that something is always wrong, regardless of the greater good (Sharpe, 2006). In other words, deontologicalists feels that each individual should adhere to their ...
This solution provides an explanation between white collar and street crimes. The document also provides informatin regarding the Ford Pinto Case where Lee Iacocca made the decision to not use a baffle in the vehicle that would have saved the lives of many consumers. This decision was unethical according to the views of others; however during the time of this event, the decision was not illegal. We must keep in mind what society deem as unethical is not necessary illegal.