Ethical Evaluation of Best Buy
In today’s society businesses are out there to make a profit. However, many businesses conduct their commerce trying to bend or perhaps even break the rules in order to gain an advantage in the market. Many get away with cleanly without notice and many also get caught. Those businesses that are discovered often pay multiple consequences such as a possible lawsuit. Then once their behavior is published, even more consequences can arise. They can even be punished by the average consumer that decides not to deal with a company that has unethical behavior. Companies can lose millions if consumers believe their actions are immoral. Therefore, any business that incorporates a code of ethics into their program and follows those guidelines often comes out better in the long.
Best Buy is one of the Fortune 100 growth company. It is a technology and entertainment electronic product and service company. The headquarters of the corporation is located in Richfield, Minnesota. There are about 1000 retail stores located across the United States which helped bring in over thirty billion in revenue last year. There are also over 90,000 employees that currently work at Best Buy. It was founded by Richard Schulze who is also the Chairman of the Board. The CEO is currently Bradbury Anderson who is also the Vice Chairman.
Best Buy is a very reliable retail company. They have their own set of by-laws and code of ethics incorporated into their organization to which their employees are to follow to the best of their ability. On a scale of one to ten, ten being the best, I would give an ethical evaluation of the corporation of best buy a rating of a nine. They have an ethically diverse staff so there is no problem there is obviously no discrimination problems. Every time I enter a Best Buy store I get the best of customer support from the employees. Not only that but they definitely know their information on their products. I can go...
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