Ebc Essay

Powerful Essays
Business ethics assignment 2

1.
a) A stakeholder of a corporation is an individual or a group which either: is harmed by, or benefits from, corporation; or whose rights can be violated, or have to be respected, by the corporation. According to this statement the four main stakeholder groups in the video related to Wal-Mart are:
1. Competitors - Competitors are influenced negatively, by Wal-Mart’s operations. Many small retailers are forced to close down their business, even though there business are 40-50 years old, and they have good name at the market. Wal-Mart policy of “everyday low price” is pushing local stores to the edge of bankruptcy. In order to be competitive to Wal-Mart, smaller retailers have to cut down their costs, such as wages of their staff. Each year Wal-Mart drives down retail wages with $3 bln. The ability of Wal-Mart to sustain the low prices and wages creates a monopoly and unfair competition.
2. Employees – According to the Freeman’s stakeholder theory, a company should not focus only on shareholders interests, but also on the interest of whole range of groups, or stakeholders, part of which are the employees. Wal-Mart is in conflict with that theory, since they do not mind the opinion of their employees. The employees are closely related to Wal-Mart while they are working there and they receive the salaries from the shop. Since employees have contracts with the company their interests are protected and closely related to the companies operations. The employees are influenced negatively because they receive very low wages. Instead of paying for its employees to have health benefits, Wal-Mart is making the government to take care after them. The store offers an expensive medical-care health package, which employees cannot afford. What is more is that the job tasks for first floor staff are enormous, compared with the salaries they receive. Furthermore sometimes the additional working hours of the workers are not written properly,

You May Also Find These Documents Helpful

  • Good Essays

    EBC 4 Analytical Report

    • 1160 Words
    • 5 Pages

    Student: Giedre IBMS Kartents Street 356 2758 Kiev Ukraine Pavlo Zhuk Sun Boulevard 52 785589 Redwoods California Dear Mr. Zhuk, In response to your request, I am providing you with the report concerning the importance of business ethics and about the role of the bribery in third world counties, in this case Ukraine. In this report I will analyse the situation and advise you on how to proceed with the matter. The main idea of this report is to investigate whether it is worth…

    • 1160 Words
    • 5 Pages
    Good Essays
  • Good Essays

    EBC I Inc V Goldman Sachs

    • 5140 Words
    • 13 Pages

    EBC I, INC., Formerly Known as eTOYS, INC., by the Official Committee of Unsecured Creditors of EBC I, Inc., Respondent, v. GOLDMAN, SACHS & CO., Appellant. Court of Appeals of the State of New York. 5 N.Y.3d 11 (2005) Before Chief Judge KAYE and Judges G.B. SMITH, ROSENBLATT, GRAFFEO and R.S. SMITH concur with Judge CIPARICK. Judge READ dissents in part in a separate opinion. OPINION OF THE COURT CIPARICK, J. Plaintiff, the Official Committee of Unsecured Creditors of EBC I, Inc., formerly known…

    • 5140 Words
    • 13 Pages
    Good Essays
  • Best Essays

    Essay Book

    • 27682 Words
    • 111 Pages

    00 34854.00 TFW-EBC 23593.00 23593.00 SEBC-GENERAL 35838.00 42050.00 TEXTILE ENGINEERING Faculty Of Technology & Engineering(Msu)., Vadodara OPEN-GENERAL SEBC-GENERAL 4606.00 11253.00 10356.00 18966.00 TFW-EBC SC-GENERAL 5899.00 21897.00 8282.00 26374.00 DS-GENERAL ST-GENERAL 10667.00 36816.00 10667.00 57503.00 BIOMEDICAL ENGINEERING L.D.College Of Engineering, Ahmedabad OPEN-GENERAL SC-GENERAL OPEN-PH 355.00 16803.00 63724.00 7263.00 19461.00 63724.00 TFW-EBC DS-GENERAL 2166…

    • 27682 Words
    • 111 Pages
    Best Essays
  • Good Essays

    Man's greatest achievement? Perhaps not, but can you afford not to read on when I am about to tell you about Essay? I find my self constantly drawn back to the subject of Essay. Cited by many as the single most important influence on post modern micro eco compartmentalism, it is yet to receive proper recognition for laying the foundations of democracy. The juxtapositioning of Essay with fundamental economic, social and political strategic conflict draws criticism from global commercial enterprises…

    • 463 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Essay Essay Essay

    • 2541 Words
    • 8 Pages

    Benefits of Wellness Programs Benefits of Wellness Programs Keir Elias Torkkola Western Governors University #433106 Wellness programs have increasingly gained momentum since the turn of the century and as employers start to see the positives those programs have started to become a staple of most businesses today. Since most employers pay for their employees health insurance it makes a lot of sense for companies to start taking a bigger interest in their employees…

    • 2541 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    essay

    • 608 Words
    • 4 Pages

    disquisition, monograph; More 2. formal an attempt or effort. "a misjudged essay" synonyms: attempt, effort, endeavor, try, venture, trial, experiment, undertaking "his first essay in telecommunications" a trial design of a postage stamp yet to be accepted. verbformal verb: essay; 3rd person present: essays; past tense: essayed; past participle: essayed; gerund or present participle: essaying eˈsā/ 1. attempt or try. "essay a smile" Origin late 15th century (as a verb in the sense ‘test the…

    • 608 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Essay

    • 410 Words
    • 2 Pages

    seconds) Search Results IELTS Sample Essay www.ieltsbuddy.com/ielts-sample-essay.html‎ Here you can view a model IELTS sample essay about alternative and conventional medicine - this shows you how to ... You should write at least 250 words. IELTS Writing: Sample IELTS Essay Topics | Good Luck IELTS www.goodluckielts.com/IELTS-essay-topics.html‎ Sample IELTS Essay Topics. In both the Academic and General IELTS Writing sections, you need to write an essay of at least 250 words. This means that…

    • 410 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Essay on Essay Writing

    • 1225 Words
    • 5 Pages

    and meeting deadlines. At the same time, they had to consolidate providing an essay in different subjects to meet their needs. The value of online writing services can indeed create quality papers and reduce the stress students might feel in the process. If students opt to use professional writing services, they can take a break from the hurdles of the classroom requirements. For a good price, they can get an essay with a discount and get quality results from a professional pool of writers who…

    • 1225 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Essays

    • 33279 Words
    • 140 Pages

    story. Essays can consist of a An essay has An essay has been defined in a variety of ways. One definition is a "prose composition with a focused subject of discussion" or a "long, systematic discourse".[1] It is difficult to define the genre into which essays fall. Aldous Huxley, a leading essayist, gives guidance on the subject.[2] He notes that "the essay is a literary device for saying almost everything about almost anything", and adds that "by tradition, almost by definition, the essay is a short…

    • 33279 Words
    • 140 Pages
    Good Essays
  • Good Essays

    Essay

    • 5018 Words
    • 21 Pages

    Object: Automated essay scoring is the computer tech-niques and algorithms that evaluate and score essays automat-ically. Compared with human rater, automated essay scoring has the advantage of fairness, less human resource cost and timely feedback. In previous work, automated essay scoring is regarded as a classification or regression problem. Machine learning techniques such as K-nearest-neighbor (KNN), multi-ple linear regression have been applied to solve this problem. In this paper, we regard…

    • 5018 Words
    • 21 Pages
    Good Essays