Conclusion on Lessons for Companies to Learn from Volkswagen Case

        Keeping business ethics and moral obligations for companies in view, the Volkswagen case is a good one to learn for many corporations around the world. The biggest lesson for companies to learn is that they should never ever involve in any kind of cheating practices deliberately. In today’s business landscape, the reputation is so important, and once it is lost by cheating, it is hard to regain that reputation again. The other lesson for companies to learn is that they need to integrate business ethics and moral standards in their business practices; otherwise the loss can be so huge, which happened to Volkswagen. It is a great lesson for companies to learn that they cannot make such a big mistake in deliberately making a cheating device and think that they would go unnoticed with such cheating practices. The assumption made form Volkswagen in this regard was a big mistake, and so they have to bear the consequences in terms of extra costs, huge fines, decreased sales and bad reputation in the market. The companies take a lead from this case is that acting on set legal and moral standards is so crucial for their business. A company cannot ignore the essence of moral obligations and fulfilling its corporate social responsibility and it would be a test case for many companies to keep in mind before making such huge mistake.