Corporate Ethics and Transparency Issues

The video discusses the importance of transparency and accountability in business, using examples of companies like British Petroleum, Goldman Sachs, and Toyota that have been caught in unethical practices. It highlights Toyota's contradictory actions on sustainability and General Motors' misleading advertising of the Volt car. The video emphasizes that in today's world, transparency is crucial, and companies must proactively disclose issues and commit to change to avoid reputational damage.

Which companies are mentioned as examples of unethical practices?

• Amazon and Facebook

• British Petroleum and Goldman Sachs

• Apple and Microsoft

• Tesla and SpaceX

What was Toyota's contradictory action while promoting the Prius?

• They were investing in renewable energy

• They were lobbying against increased gas mileage standards

• They were reducing their carbon footprint

• They were supporting electric vehicle initiatives

What was misleading about General Motors' advertising of the Volt car?

• The car was available in limited markets

• The car was not being made yet

• The car was only a concept

• The car was already in production

How does internet transparency affect corporate practices?

• It increases the risk of being exposed for unethical behavior

• It allows companies to hide their actions

• It has no impact on corporate practices

• It reduces the need for ethical practices

What should companies do to avoid being caught in unethical practices?

• Ignore transparency

• Proactively disclose issues and commit to change

• Continue with current practices

• Rely on public relations to manage image