WalMart Ethical & Unethical Business Practices

BUSINESS ETHICS & CORPORATE SOCIAL RESPONSIBILITY

BUSINESS ETHICS

Moral principles concerning acceptable and unacceptable behavior by business people. Executives are supposed to maintain a high sense of values and conduct honesty and fair practices with the public.

CUSTOMERS

EMPLOYEES

SHAREHOLDERS

DISTRIBUTORS

GOVERNMENT

SOCIETY

INVESTORS

SUPPLIERS

Big Retail Giant

Headquartered in Bentonville, Arkansas. ` Topped the list of Fortune¶s Global 2000. ` Large Numbers of Customers. ` Over 2 million employees worldwide ± one of the largest private employers in the nation. ` World-Wide Business.
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SAM WALTON
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On July 2, 1962, Walton opened the first Wal-Mart Discount City store. In 1968, it opened its first stores outside Arkansas. The company was incorporated as Wal-Mart Stores, Inc. on October 31, 1969. In 1970 it had 38 stores operating with 1,500 employees and sales of $44.2 million.

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In October,1970, Wall-Mart was listed on the New York Stock Exchange. In the 1980s, Wal-Mart continued to grow rapidly, 1987- 2002. In 2002, it was listed for the first time as America's largest corporation on the Fortune 500 list, with revenues of $219.8 billion and profits of $6.7 billion. Growth during 2005 $312billion sales, 6,200 stores & 1.6 million workers . Enter of new policies during 2007,2009 & 2010.

100 million customers every week. ` "Low prices, always" ` Helping Hands ` Helps in saving money. ` Private label brands.
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WAL-MART and Workforce relations

Wages

Working conditions

Health insurance

Child labor violations

Use of illegal workers

Labor union opposition

Gender and sexual orientation

2010 Race Incident

Harm to endangered species

Applying to Ethical Theory
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Utilitarianism theory : Own purpose V/s people benefits

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Wal-Mart has been subject to criticism by various groups and individuals. Labor unions, community groups, grassroots organizations, religious organizations, and environmental groups protest against Wal-Mart policies and business practices. Other areas of criticism include the corporation's foreign product sourcing, treatment of product suppliers, environmental practices, the use of public subsidies, and the company¶s security policies. Wal-Mart denies doing anything wrong and maintains that low prices are the result of efficiency.

³Man¶s ethical behavior should be based effectually on sympathy, education and social ties and needs; no religious basis is necessary. Man would indeed be in a poor way if he had to be restrained by fear of punishment and hope of reward after death´ -Albert Einstein.

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