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

Topic: Problems with the Usage of Non-OEM Replacement Parts in shake up 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) sophomore(prenominal) Sophomore Sophomore Major Finance history bill Accounting Faculty Advisor(s): Au throttlences Business Identity: jury of Directors, GEICO Executive Summary In response to changing fabrication 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 cypher research and analysis of the data, we have found that GEICOs impact regarding its Non-OEM policy is warranted. In addition to breaching GEICOs operating principles, the watercourse Non-OEM policy is lowering GEICOs customer retention rate, exposi ng the cabal to potential legal and financial liability, and damaging its reputation. GEICO has committed itself to, operative 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 bell the company a considerable number of policyholders. Last year, 1.5 gazillion volume left GEICO for other insurers. That loss of customers has had detrimental cause on GEICOs retention rate and reputation. The previous hug dose has been host to numerous and extraordinari! ly costly lawsuits as well. The policy sought and won in those lawsuits range from tens of millions to billions of dollars. In practice to rise above the tide of litigation and ensuing political science regulation, GEICO must adopt a practice that protects its financial future, satisfies its charge 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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