Preview

Walmart Ethical Culture Paper

Satisfactory Essays
Open Document
Open Document
504 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Walmart Ethical Culture Paper
Walt-Mart Ethical Culture

February 2015

Major: Business

ABSTRACT Walt-Mart Ethical Culture & corporate profit maximization Todays as we live in a global economy, the common knowledge of ethical culture provides identifying characteristic and values for organizational members to recognize and become informed. Cultures can be distinguished by artifacts, values, and basic traditions. On the other hand profit maximization according to (Jensen 2002: 240). Firm taking inputs out of the economy and putting its output of goods and services back into the economy increases aggregate welfare if the prices at which it sells the goods more than cover the costs it incurs

You May Also Find These Documents Helpful

  • Powerful Essays

    Kaptein, M. (2009). Ethics Programs and Ethical Culture: A next step in unraveling their multifaceted relationship. Journal of Business Ethics, 89(2), 261-281. doi:10.1007/s10551-088-9998-3…

    • 2643 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Thank you for the recent promotion to the managerial position within this company. My job now is to oversee 50 factory workers. After the first day on the job I discovered that the workers were working past their 8-hour shift. I would like to have a meeting with you regarding this current situation. I recently spoke with the factory supervisor to express my concern, because I know this company does not have the funds to pay every worker for overtime. He explained to me that we are “inviting” workers to work past their shift, which is illegal. If someone were to find out about this current situation, it would put our company in a bind as well as in our credibility.…

    • 956 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Arnold, D. G., Beauchamp, T. L., & Bowie, N. E. (2013). Ethical Theory and Business (9th ed.). Upper Saddle River, NJ: Pearson Education…

    • 1171 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Walmart Ethical Issues

    • 174 Words
    • 1 Page

    There are many discussions and theories of ethical practices regarding corporate social responsibility. When many corporate companies focus solely on their bottom line, many of their leadership and ethical decisions come into question. In particular, Walmart is the largest "big box" retailer in the world doing billions in sales every year with their low price philosophy. Though starting as a humble neighborhood store, Walmart has now become an unstoppable behemoth which many people are now taking a notice of. This paper is about analyzing the Walmart’s leadership and ethical practices. In 2005, Walmart faced various stakeholder problems in spite of its tremendous achievement as a retail brand. Walmart was related to various issues: outsourcing…

    • 174 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Ethical Issues In Walmart

    • 452 Words
    • 2 Pages

    The company selected for the discussion is Wal-Mart. It is recognized to be an American multinational retail corporation that is into hypermarkets, discount department stores and grocery stores enjoying its presence worldwide. The company works well upon customer’s expectations and wishes and draw in favorable response as well. It turns up very much helpful from the standpoint of realizing greater growth and progress as well. There rests great necessity going for understanding the situation and adapting accordingly.…

    • 452 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Wal-Mart Research Paper

    • 2709 Words
    • 11 Pages

    Harrison, M. (2004). Diagnosing Organizations : Methods, Models, and Processes (Applied Social Research Methods) (3rd ed.) Sage Publications…

    • 2709 Words
    • 11 Pages
    Better Essays
  • Better Essays

    Acc 557

    • 814 Words
    • 4 Pages

    The case study of Lillian Fok, Sandra Hartman and Kern Kwong in 2010 about differences and similarities in business ethical values has been done to examine ethical values that underlie business decisions in the U.S., China, and Jamaica. China transforms from a socialist based, command economy to a free market economy. Because of the transformation, China needs to change their mindset or probably their ethical values to adapt to the change. On the other hand, Jamaica has been already a capitalist country but it struggles to build the economy because of its colonial status from Great Britain (Fok, Hartman & Kwong, 2010). This paper will discuss how ethics plays a role in decision making for financial, environmental, and cultural issues, how positive and normative economics reflect in the case study, and how market efficiency, economizing and the market system affect the ethical values of the three countries: U.S., China and Jamaica.…

    • 814 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Wal-Mart Research Paper

    • 5014 Words
    • 21 Pages

    Gomstyn, A. (2010). Walmart CEO Pay: More in an Hour than Worker get all year? Retrieved…

    • 5014 Words
    • 21 Pages
    Powerful Essays
  • Good Essays

    The first article I would like to elaborate on would be one about business ethics in Singapore. This country has the reputation of being very strict in nature and sometimes unforgiving in the consequences that they often give to people. Over time they have loosened their grip on social matters but still seem to be strict in their manners of business. They follow through with business transactions and promote all around good ethics in business as a normal practice. This article explained the results of a survey that was completed in January 2010, by companies that were members of the Singapore Business Federation. 65% of the companies claimed that keeping agreements, and being open and honest are the most important aspects in business. More than 62% of companies have a published code of conduct, and another 12% are in the process of establishing one. 86% percent of those companies with a code of conduct in place have it composed in such a way so to prevent code violations instead of reacting to them when they occur. Half of the companies involved in the survey conduct an audit to check on the performance.…

    • 1313 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    An ethical culture should be a top priority of every business, large or small. The challenge for many organizations is trying to understand what it takes to build one. From an enforceable code of conduct, to ongoing training and communications, to an anonymous reporting hotline, companies can quickly implement ethics and compliance programs and solutions that foster an ethical culture across the enterprise.…

    • 1446 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Wal-Mart started as a single store in 1962 and since then has expanded to over 3,600 stores in the United States and operates in 15 international markets. This paper will discuss the role of ethics and compliance in the Wal-Mart organization as it relates to the financial environment. We will describe the procedures in place to ensure ethical behavior and identify the processes used to comply with SEC regulations. Using the annual report information for Wal-Mart we will evaluate the financial performance over the past two years and calculate financial ratios. Based on those financial ratios, we will discuss the trends evidenced and the organization’s financial health.…

    • 2059 Words
    • 9 Pages
    Better Essays
  • Powerful Essays

    Since its establishment in 1962, Wal-Mart has grown to be one of the biggest conglomerates in the world. Inevitably, with the expansion of the company, the weight and number of social and ethical issues facing the company has increased.…

    • 2735 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    A social norm is the rules of behavior that are considered acceptable in a group or society. People who go against the social norm may be shunned or looked at as a bad person. For my social norm breaching experiment, I decided to dress up as a hospital patient that had just been released from the hospital and walk around Wal-Mart. My mom is a registered nurse at the Baptist Memorial Hospital, so she was able to get me the materials that I needed to conduct the experiment. I decided to do this at Wal-Mart, because of the people that go in there. However, I didn’t conduct this experiment at the Wal-Mart in my hometown. I knew that less people would catch on to the operation if they didn’t recognize me. There is always a variety of people in every Wal-Mart across America, so I speculated that I would get a lot of responses and/or emotions from several different people that didn’t know me personally. I only…

    • 966 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Nelson K.A., & Trevino L. K. (2004). Managing Business Ethics-Straight Talk About How To Do It Right (Third Edition). Hoboken, NJ. John Wiley & Sons, Inc.…

    • 1525 Words
    • 7 Pages
    Better Essays
  • Good Essays

    List of illustrations ………………………………………………………………...………..1 A. B. Introduction………………………………………………………………………..….2 Case Study…………………………………………………………………………….2 1. Essential moral standards and norms …………………………………………….2 2. The practical value of different economic ethics concepts ………………………3 3. The RADAR concept ……..………………………………………………...……5 a) Recognize ………………………………………………………………...5 b) Assess …………………………………………………………………….6 c) Decide …………………………………………………………………….8 4. Preparation for the meeting …………….………………………………………...9 5. Differences of the cultures….……………………………………………...……10 a) Power Distance ..……………………………….…..……11 b) Individualism ..…………………………..………………12 c) Masculinity / Femininity ..………………..……………...13 d) Uncertainty avoidance ..………………………..………..13 e) Long term orientation ..…………………………...……..14 6. Meeting with the NGO’s representative…………………………………...……14 Bibliography………………………………...……………………………………………..16 Appendix …………….…………………………………………………………………….16 1. Case ……………………………………………………………………………..16 2. Questions ……………………………………………………………...………...17 Declaration ………………………………………………………………………………...18…

    • 4830 Words
    • 20 Pages
    Good Essays

Related Topics