Graduation Year
Fall 2013
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics-Accounting
Reader 1
Douglas McEachern
Terms of Use & License Information
Rights Information
© 2013 Kevin Amirdjanian
Abstract
The purpose of this paper is two-fold. The first goal is to qualitatively explore what ethics is and how companies can create a lasting culture of ethics. I explore the meanings of ethics, corporate ethics, and the responsibilities that companies have to shareholders and the public. The second goal is to demonstrate how a culture of ethics can help to prevent product recalls by creating a control environment that catches potentially dangerous products before they leave the facility. This is achieved through an analysis of three case studies: 1) Johnson & Johnson’s response to the Chicago Tylenol Murders of 1982, 2) Peanut Corporation of America’s response to its peanut butter recalls in 2009, and 3) Toyota Motor Corp’s response to the recalls of 2009-2011. The paper concludes by discussing trends in product safety over the last forty years and explaining why business ethics are an economic imperative, not just in preventing product recalls but also in protecting consumers.
Recommended Citation
Amirdjanian, Kevin, "Accounting for Product Recalls: How to Promote Strong Corporate Governance and Business Ethics" (2013). CMC Senior Theses. 792.
https://scholarship.claremont.edu/cmc_theses/792
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
