Table of ContentsSafetyHonesty and Fair DealingRespectImprovementsCausesConclusionPanasonic Corporation is well known throughout the world for the development, production, sale and servicing of electrical and electronic products. The company operates through home appliances, connected solutions and other segments (Arita and Harikai, 2011). The services allow them to offer air conditioners, washing machines, digital cameras, wiring devices, and water-related products, to name a few. The company's services and products are offered to industrial and professional consumers. Panasonic Corporation was founded in 1918 and was formerly known as "Matsushita Electric Corporation", but was later transformed into the current Panasonic Corporation in 2008 (Utsumi and Kumakawa, 2010). This crucial organization located in Japan must conduct its operations ethically to ensure the safety and sustainability of its consumers. This report will fully discuss the decisions made by Panasonic Corporation, in order to fully understand how the company has been operating ethically since its inception. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essaySecuritySecurity is a key ethical area for Panasonic Corporation. Power grids must be safely connected and maintained to ensure the safety of the organization's one million consumers of products and services in Japan and abroad (Huang, et al. 2015). It is therefore important that the company investigates anything that harms the safety of its consumers and strives to implement strategies to prevent such occurrences in order to reduce the number of accidents in question. It is very disgusting to recall the death that occurred at one of the workplaces in 2016. This accident was due to the crushing of an employee by heavy machinery and the company took this as a very serious problem (Okita, and al. The other problem the organization faces regarding the safety of its employees is the handling of chemicals. The company did not fully comply with June 2016 regulations for risk assessment of chemicals. Additionally, there is no proper monitoring and monitoring for their employees to prevent adverse health impacts as required by law. At some point, entrepreneurs can be seen as primarily focused on making profits and will only do what Panasonic asks them to do (Yuno, Kawase & Akai, 2015). The fact that Panasonic serves the public, it is also responsible for deciding what to offer. In this context, they are therefore required to ensure that the services and products they offer are safe for their consumers and it would be unethical to neglect such concerns as Panasonic is currently doing. Panasonic will put the safety of its own consumers at risk if it does not address these dangerous practices. Honesty and Fair Treatment The other ethical issue facing Panasonic Corporation is honesty and fair treatment of its consumers. Panasonic has set rules consistent with company ethics. This aimed to ensure fare transactions across the world in all countries (Rampersad and Saleh, 2014). The company has employed several people to ensure that all employees around the world follow the established rules. The rules established to ensure honesty and fairness are ignored in several cases due to dishonest and criminal acts committed by employees ofthe business and due to a lack of understanding and awareness. This is normally common for people working for the company in countries where the legal system is not clearly defined (Kozolchyk, 2014). Ignoring the internal regulations of any institution is a key consideration as they are supposed to ensure honesty and fairness and it could reflect badly on the company if they are not followed. It was sometimes found that some company information had been leaked externally, which was a clear indication that someone among the employees could not be trusted. However, the company claims that employee dishonesty is not in line with the company's intentions, but it is important to note that it is illegal and unethical to go against the law in public procurement (Banerjee, 2015).RespectThe other key issue of Panasonic Corporation is 'respect' which is a key consideration in the operation of any given business across the world (Amano, 2014). Previous records clearly indicate that there have been instances of employees being disrespectful to their consumers. Statements made by some of the company's employees demonstrate a lack of concern for the safety of the company's consumers. The company does everything possible to ensure that such cases do not occur again in the future. The company will be committed to ensuring respect for human dignity and will do everything humanly possible to ensure that the company's employees realize their potential (Yamagata, et al. 2014). The company will also ensure respect for its employees and respect for all fundamental human rights without discrimination. The unethical practices that have been recorded previously are the core issue for which the company should work very hard in the future. Improvements In order to improve Panasonic, many things need to be rectified within the company. The most important issue to address is safety for both consumers and employees. It is clear that the company is not following certain regulations regarding the handling of chemicals and employee safety when operating heavy machinery. However, it is true that the use of chemicals has so far not caused any casualties, but the lack of prevention is very dangerous in the event of an incident. On the other hand, it will lead to a loss of confidence in the company's products and services. Therefore, Panasonic must consider security and try its best to ignore its priorities. All their subcontractors should, at senior levels, consider security and verify security in each of their links. This is the best measure for the company to ensure long-term accident prevention. Another important step is to ensure that they keep information open for shareholders to avoid any mistrust between them. Causes The primary cause of unethical practices within Panasonic Corporation has a lot to do with how the company treats both the free market and the government. Furthermore, the fact that the company is largely state-funded ignores the fact that the operation takes place in a free market. The company lacks consideration for both parties, which should be a key consideration, making it very difficult to keep both parties happy with the services and products they offer. In order to avoid unethical decisions, it is important that the company ensures an open environment between Panasonic and the government and between Panasonic and the company's contractors...