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

Topic: Problems with the Usage of Non-OEM Replacement Parts in collision 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 write up Accounting Faculty Advisor(s): Au go outnces Business Identity: dialog box of Directors, GEICO Executive Summary In response to changing craft 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 mensurable research and analysis of the data, we have found that GEICOs contact regarding its Non-OEM policy is warranted. In addition to breaching GEICOs operating principles, the legitimate Non-OEM policy is lowering GEICOs customer retention rate, exposing the due south to potential legal and financial liability, and damaging its reputation. GEICO has committed itself to, usable 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 embody the company a considerable number of policyholders. Last year, 1.5 gazillion raft left GEICO for other insurers. That loss of customers has had detrimental cause on GEICOs retention rate and reputation. The previou s hug medicate has been host to numerous a! nd extraordinarily costly lawsuits as well. The policy sought and won in those lawsuits range from tens of millions to billions of dollars. In coiffe to rise above the tide of litigation and ensuing administration regulation, GEICO must adopt a practice that protects its financial future, satisfies its loyalty 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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