Why Should My Conscience Bother Me? Business Ethics
To say that I was surprised by the content of this article would be a dramatic understatement. In a day an age when America is at war I was sad to see that a company would place the bottom line before the safety of American soldiers.
In 1967 the B.F. Goodrich Co. made a bid to produce four disk brakes for the LTV Aerospace Co. However, in order to receive the bid Goodrich had to submit an obscenely low figure (doing the job at a near loss). This was because nearly ten years earlier Goodrich had supplied faulty brakes to LTV and consequently had lost them as a customer. By providing a cheap, light-weight four disk brake for the airplane Goodrich hoped to win over LTV and regain their trust. While attempting to atone for their past mistake is an example of good business ethics, they did hope to profit from the venture. Although the initial job would be done with Goodrich losing money the upkeep of the airplanes would mean future business for replacement parts and it would allow......
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