Wal-mart has three ethical basic beliefs – Respect for the individual, Service to our customers and striving for excellence. These beliefs are from the Wal-marts founding father, Sam Walton. Sam would never have realised Wal-mart would be posting quarterly net profits in 2010 of £2.9 billion. Christine Seib, Times (2010).
Wal-mart also has guidelines for all employees to follow: and •Always act with integrity
•Lead with integrity, and expect others to work with integrity. •Follow the laws at all times
•Be honest and fair
•Reveal and report all information truthfully, without manipulation or misrepresentation • Work, actions and relationships outside of your position with the company should be free of any conflicts of interest •Respect and encourage diversity and never discriminate against anyone •Ask your manager or Global Ethics Office for help if you have any questions about this statement, or if you face an ethical problem •Promptly report all violations of the statement of ethics •Cooperate with and maintain the private nature of any investigation of a possible ethics violation •When involved in an ethics investigation, you should reveal all information truthfully, you should present all facts truthfully, without bias or judgement (Wal-mart statement of ethics) Wal-mart’s ethical perspective could be described a teleological as they work for the greater good for all their stakeholders. Community, suppliers, employees, shareholders and environment are the many issues Wal-mart tackles when striving for excellence. They believe in doing what’s right to achieve their company objectives. Wal-mart’s ethical statement covers directors, employees and third party associates like suppliers. They’re expected to abide by these have a basic understanding of the statement, since memorising the whole policy is not realistic. However, Wal-mart operates in many countries that have their own laws on business and Wal-mart recognises they need to adapt to each country’s laws. Their statement of ethics is generic in that it’s issued to all stores and stakeholders around the world - but it is able to be built into other countries...