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The question is what is ethics and does ethics influence a persons decision-making skills Ethics is the study of morality the evolved capacity to bring reason to issues and situations that our moral traditions do not equip us to handle as well as we might Center for Ethics 2003 There are many things that may influence or impact how a person makes decisions I believe that ethics is a major factor that people either consciously or subconsciously weigh before making their decision Ethics can impact financial decision making or any decision making for that matter in many different ways The financial management objectives of General Motors Corp at this time is to avoid breakup or bankruptcy these are the ghosts of GMs future The leaders of GM have some very important decisions to make One decision is what to do with the price of the vehicles This decision is both strategy and ethical Raising the prices of the cars up and taking advantage of the consumer poses some ethical questions Is it right to take advantage of our customers finances when we are the ones that are struggling Or do we not raise the prices and have to close some factories or possibly take away benefits from the employees such as medical dental and pension plans which were guaranteed in the contract ending January 2007 This would potentially create hardship for the employees Car customers like a bargain but they arent stupid - they want the best car or truck period The question of what else GM can do to eliminate expenses and raise revenues has come up many times Too often GM compromises on engineering so that its models can go into selected plants to keep up production volume Decisions such as these will save engineering dollars and will help max out volume at other plants which are struggling Compromises on engineering will cause GM to stick with the current models and will not
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