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    WalMart Ethical & Unethical Business Practices

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    survish
    This document discusses business ethics and corporate social responsibility as it relates to the large retail company Walmart. It provides an overview of Walmart's history, growth, and business practices. While known for its low prices, Walmart has also faced criticism for some of its unethical practices including issues related to wages, working conditions, health insurance, labor unions, gender discrimination, and harm to the environment. The conclusion acknowledges that while Walmart denies wrongdoing, it remains subject to criticism from various groups for its policies and their impact on employees, suppliers, and communities.

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    WalMart Ethical & Unethical Business Practices

    Uploaded by

    survish
    13K views13 pages
    This document discusses business ethics and corporate social responsibility as it relates to the large retail company Walmart. It provides an overview of Walmart's history, growth, and business practices. While known for its low prices, Walmart has also faced criticism for some of its unethical practices including issues related to wages, working conditions, health insurance, labor unions, gender discrimination, and harm to the environment. The conclusion acknowledges that while Walmart denies wrongdoing, it remains subject to criticism from various groups for its policies and their impact on employees, suppliers, and communities.

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    This document discusses business ethics and corporate social responsibility as it relates to the large retail company Walmart. It provides an overview of Walmart's history, growth, and business practices. While known for its low prices, Walmart has also faced criticism for some of its unethical practices including issues related to wages, working conditions, health insurance, labor unions, gender discrimination, and harm to the environment. The conclusion acknowledges that while Walmart denies wrongdoing, it remains subject to criticism from various groups for its policies and their impact on employees, suppliers, and communities.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    13K views13 pages

    WalMart Ethical & Unethical Business Practices

    Uploaded by

    survish
    This document discusses business ethics and corporate social responsibility as it relates to the large retail company Walmart. It provides an overview of Walmart's history, growth, and business practices. While known for its low prices, Walmart has also faced criticism for some of its unethical practices including issues related to wages, working conditions, health insurance, labor unions, gender discrimination, and harm to the environment. The conclusion acknowledges that while Walmart denies wrongdoing, it remains subject to criticism from various groups for its policies and their impact on employees, suppliers, and communities.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 13

    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.
    Business Ethics towards various People

    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.
    History of WAL-MART

    SAM WALTON
     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.
     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.
    Ethical Business Practice

     100 million customers every week.


     "Low prices, always"
     Helping Hands
     Helps in saving money.
     Private label brands.
    Unethical Business Practice
    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

     Utilitarianism theory : Own purpose V/s


    people benefits
    CONCLUSION
    • 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.
    “Man’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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