IndexSafetyHonesty and FairnessRespectImprovementsCausesConclusionPanasonic Corporation is well-known throughout the world for the development, manufacturing, sales and maintenance of electrical and electronic products. The company operates across 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 both industrial and corporate consumers. Panasonic Corporation was founded in 1918 and was previously known as “Matsushita Electric Corporation,” but was later changed to the current Panasonic Corporation in 2008 (Utsumi and Kumakawa, 2010). This crucial organization located in Japan should conduct its operations ethically to ensure safety and sustainability for its consumers. This report will deal entirely with the decisions made by Panasonic Corporation, to properly understand how the company has operated ethically since its founding. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original EssaySafetySafety is a key ethical area for Panasonic Corporation. Power grids should be securely connected and maintained to ensure the safety of the one million consumers of the organization's products and services within and outside Japan (Huang, et al. 2015). It is therefore important that the company investigates anything that hinders the safety of its consumers and does everything possible to implement strategies to prevent such events and reduce the number of incidents involved. It is very disgusting to remember the death that occurred in one of the workplaces in 2016. This accident occurred as a result of an employee being crushed by heavy machinery and the company considered this very serious (Okita, et al. al. 2017). The other issue that the organization faces regarding the safety of its employees is the handling of chemicals. The company did not fully comply with the June 2016 regulations for risk assessment of chemicals. Furthermore, there is no adequate screening and monitoring for its employees to prevent unwanted health impacts, as required by law. At some point, it can be considered that contractors are primarily focused on profit and will only do what is asked of them by Panasonic (Yuno, Kawase & Akai, 2015). Since Panasonic serves the public, it is also responsible for deciding what to offer. In connection, they are therefore required to ensure that the services and products they offer are safe for their consumers and it would be unethical to overlook such concerns as Panasonic is currently doing. Panasonic will endanger the safety of its consumers if they do not address these unsafe practices. Honesty and Fairness The other ethical problem facing the Panasonic Corporation is honesty and fairness towards its consumers. Panasonic has established rules that respect corporate ethics. The goal was to ensure worldwide tariff transactions in all countries (Rampersad and Saleh, 2014). The company has employed several people to ensure that all employees around the world comply with the established rules. The rules established to ensure honesty and fairness are ignored in several cases due to dishonest and criminal acts by company employees and a lack of understanding and awareness. This is normally common for people who work for the company incountries where the legal system is not clearly implemented (Kozolchyk, 2014). Ignoring the internal regulations of any institution is a key consideration because they are intended to ensure honesty and fairness and, if not respected, could create a bad image of the companyA. Sometimes it was noticed that some company information had been leaked to the outside and this was a clear indication that someone among the employees could not be trusted. However, the company claims that dishonest employees are not in accordance with the company's intentions, but it is important to note that it is illegal and unethical to go against the procurement law (Banerjee, 2015). Respect The other key issue in Panasonic Corporation is “respect” which is a key consideration in the functioning of any company across the world (Amano, 2014). The above data clearly indicates that there have been cases of disrespect from employees towards consumers. Statements made by some of the company's employees show a lack of concern for the safety of the company's consumers. The company is doing everything to ensure that such cases do not occur in the future, at any cost. The company will strive to ensure that human dignity is respected and will attempt everything humanly possible to ensure that the company's employees realize their potential (Yamagata, et al. 2014. The company will also ensure that its employees are respected employees and respecting all fundamental human rights without discrimination. The unethical practices that have been recorded previously are the main problem that the company should work very hard to solve in the future. Improvements To make Panasonic better, there are many things that need to be corrected within the company. The most important issue to address is safety for both consumers and employees. It is clear that the company does not follow certain regulations on chemical handling and employee safety when handling heavy machinery. However, it is true that the use of chemicals has not caused any casualties so far, but the lack of prevention is very dangerous in case of an outbreak. On the other hand, the event will lead to a reduction in trust in the company's products and services. Therefore, Panasonic should consider security and try their best to ignore their priorities. All their contractors should at the highest levels consider security and control it in any of their connections. This is the best step for the company to ensure long-term accident prevention. Another important step is to ensure that information is open to shareholders to avoid distrust between them. Causes The root cause of Panasonic Corporation's unethical practices is strongly connected to the way the company deals with both the free market and the government. In addition to the fact that the company is largely financed by the state, they do not take into account the fact that the operation takes place on an open market. The company lacks consideration for both parties, which should be a key consideration, therefore making it very difficult to satisfy both parties with the services and products they offer. To avoid unethical decisions, it is important that the company ensures an open environment for Panasonic and the government and between Panasonic and the company's contractors. Regardless of whether decision making will be slowed down in the company, it will still lead to informed decisions being made. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Conclusion Panasonic has faced a number of challenges in relation to ethical reporting in recent years. It's about the.