Regulations Make Car Companies more Innovative

As Canada’s Environment Minister Peter Kent attempted to control emissions by setting a regulation that requires the vehicles built between 2017-2025 to cut emissions by five percent each year, Car makers faced enormous threats as they tried to design new models of passenger cars that match the standard.

Mark Nantais, the head of the Canadian Vehicle Manufacturers’ Association explained that the regulation provided Canadian car industry a chance to “harmonize with the large U.S. car industry.” Car manufacturer Toyota, also took this threat and turned it into an opportunity by adding innovation into their design. The new 2013 Toyota Prius, show-cased at the New York auto show, is a plug-in hybrid car that can be powered by the gasoline engine, as well as the electric motor.

Hybrid car is an example of the result of government regulations in a free market, which, when left alone, often strives to achieve the maximum economic surplus without considering the after effects on the environment. Government regulations can sometimes set direction and challenges to the industry. This forces the companies to become fast reacting innovators with new strategies and business plans, and in the end, the threats will eventually become a strength.

Websites:
http://www.cbc.ca/news/how-do-you-make-car-companies-innovate-regulate-them-1.1869940
http://www.cbc.ca/news/politics/new-vehicle-rules-to-cut-emissions-fuel-consumption-1.1264623

Sep.11/13-Business Ethics-Twitter Users Raged against AT&T Tweet

September 11,2013 marks the 12th anniversary of US’s biggest tragedy of the 21th century. However, at 12:15 pm ET,the focus of the citizens had shifted to a tweet by the AT&T Inc., which caused much rage and curse.
The original tweet showed a hand holding a smartphone with its camera capturing the Tribute in Light memorial, which featured the twin towers as two beans of light. There was also a caption that says ” Never Forget”.
The bold tweet drew immediate attention from the whole nation. Twitter users accused AT&T of “exploiting a national tragedy”, and some even threatened to switch to another carrier.
Although the tweet was replaced by an apology in just one hour, US citizen’s impression of the nation’s biggest mobile phone and fixed phone provider had been inevitably damaged.
The public had probably assumed that it is every American’s responsibility to remember and ensure that the purpose of the annual remembrance ceremony remains unchanged. However, the company’s action was not illegal under the law, and whether AT&T violated business ethics cannot be judged solely by individual’s subjective opinion.

Sources:
https://mobile.twitter.com/ATT http://money.cnn.com/2013/09/11/technology/social/att-9-11-tweet/index.html?iid=HP_LN