Ethical Problems with the Usage of Non-Oem Replacement Parts in Collision Repair.

Topic: Problems with the Usage of Non-OEM Replacement Parts in rubbing Repair. Team Members(s): Steven Church, Ivan Salas-Orono, Nicholas Sergon, Dmitriy Gulik Name Steven Church Ivan Salas-Orono Nicholas Sergon Dmitriy Gulik Class sophomore(prenominal) soph Sophomore Sophomore Major Finance history bill Accounting Faculty Advisor(s): Au fleetnces Business Identity: control board of Directors, GEICO Executive Summary In response to changing deceit practices, ethical solicitudes, financial questions, and billion dollar lawsuits, GEICO has contracted Macklin Consulting Inc. to die and make recommendations for improvements to its authentic policy regarding the use of Non-OEM (aftermarket) parts. After reason research and analysis of the data, we have found that GEICOs advert regarding its Non-OEM policy is warranted. In addition to breaching GEICOs operating principles, the accepted Non-OEM policy is lowering GEICOs customer retention rate, exposing the federation t o potential legal and financial liability, and damaging its reputation. GEICO has committed itself to, working(a) with uncompromising integrity.

Due to the questions regarding the quality of Non-OEM parts and the fact that policyholders ar generally unaware of the current non-disclosure policy, GEICO is not living up to its self-prescribed operating principles. That failure of ethics may be woo the company a considerable number of policyholders. Last year, 1.5 gazillion mickle left GEICO for other insurers. That loss of customers has had detrimental cause on GEICOs retention rate and reputation. The previous hug drug has been host t o numerous and extraordinarily costly lawsui! ts as well. The re trim sought and won in those lawsuits range from tens of millions to billions of dollars. In dress to rise above the tide of litigation and ensuing regime regulation, GEICO must adopt a practice that protects its financial future, satisfies its deputation to itself and its policyholders, and provides a...If you want to get a full essay, order it on our website: BestEssayCheap.com

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