Business Ethics Child Labor in Wal-Mart - 8552 Words

Part A: Introduction There are several ways to define ethics. Ethic is a set of principles of right and wrong behavior guiding. Ethical person will behave in accordance with sound moral principles based on fairness, justice and trust (Wiley, 1995). The purpose of ethic is to provide an environment that allows people to live a more structured, happy life than would exist without ethics (Warnock, 1971). Business ethic is examination of variety of problems that can arise from business environment and how employees, management and corporation deal with them such as fiduciary duty, insider trading, bribery, discrimination. In other word, ethic of business is about making the right, moral, ethical business decision. Society has subsequently†¦show more content†¦In an empirical study, there are some other possible causes of productivity differences have been recognized such as differences in educational quantity and quality, family size, household headed by woman and other culturally and historical fac tors will vary attitudes toward work and future-orientation. Thus, these differences may be the result of discrimination in their life especially female labour and disability labour. Moreover, it violates one formulation of Immanuel Kant’s categorical imperatives that ‘equals should be treated equally†. Equal Employment Opportunity Commission (EEOC) and Age Discrimination in Employment Act had form to prevent any discrimination act. Thus, this is unethical and unlawful if a corporate is practicing discrimination behavior in corporate culture due to its inappropriate practices, conduct, values, norms and violation of human right and interest. Next, child labour is widespread in developing countries. According to International Labour Organization (ILO), at least 211 million children were working around the world and mostly in developing countries, with over 8 million engage in hazardous and exploitative forms of child labour in year 2001. Child labour is those below the legal working age or supposed to be in school. Thus, a child’s working reduces his or herShow MoreRelatedWal Marts Statement Of Ethics1716 Words   |  7 Pagesinformation (Stanwick Stanwick, 2009). Wal-Mart’s Statement of Ethics has a specific section dedicated to protecting personal and business information. In the daily business of a Wal-Mart associated they may be exposed to personal and business information about other coworkers, customers, suppliers and the company. Associates are expected to protect the information in accordance to the best practice standards and applicable laws (Wal-Mart Statement of Ethics, 2008). Trade secrets of the companyRead MoreBusiness Ethics And Law : Legal And Ethical Issues1213 Words   |  5 PagesLegal and Ethical Issues in Business Business ethics and law are fundamental principles that guide the way businesses operate. Business ethics are decided and formed by each company and differ from one company to another. They are the core values that business owners, managers, and employees use to conduct their daily operations. Acting in an ethical way consists of distinguishing between right and wrong and choosing what is right. Business law is all rules and regulations that all businesses shouldRead MoreChild Labor Ethical Dilema1357 Words   |  6 Pages Ethical Dilemma – Global Child Labor The pressure to produce goods inexpensively has driven companies to seek low-cost areas for producing those goods. In the quest to compete with low-cost discounters such as Wal-Mart, companies have been increasingly driven to overseas markets to produce their goods. Within the textile arena, especially, this phenomenon is occurring with regularity. One look at the label of the clothing in ones closet reveals clothing that was produced in Bangalore, HondurasRead MoreWalmart Case Analysis1680 Words   |  7 Pagesareas are as follows: †¢ Personnel †¢ Environmental †¢ Sound Business Practices In addition I will offer recommendations for improvement in these areas. Analysis of the issues: Personnel In order to understand Wal-Mart’s history and view towards its associates, one has to look at its roots and the policies that were instituted by Sam Walton in their early years. Sam Walton started Wal-Mart at the age of 44 and approached the management of the companyRead MoreContraversy of Wal-Mart as An Ethical Company Essay1824 Words   |  8 PagesIntroduction Jeffrey Seglin, a business ethics columnist for the New York Times, participated in an event sponsored by Markkula Center for Applied Ethics. He described two Wal-Marts one as evil and one as good. The evil company is very, very big and does everything to grow bigger. They use illegal immigrants to mop floors and are accused of locking employees inside overnight. They practice gender discrimination, pay low wages and deteriorate suppliers and competition. The bad one is the enemyRead MoreEthical Issues of Wal-Mart2640 Words   |  11 PagesThe ethical issues of Wal-mart Introduction: A stakeholder is a person or a group that has an investment, share or interest in a business or an industry[1], it can also be classified as anyone that has an influence on the business. There are two types of stakeholders, primary and secondary. Primary stakeholders are necessary for the company’s survival, meaning people from the workers, supervisors, managers, to the customers, shareholders and board of directors; and secondary stakeholders do notRead MoreExecutive Summary Over the past 30 years Wal-Mart has grown into the world leader in retail and2500 Words   |  10 PagesOver the past 30 years Wal-Mart has grown into the world leader in retail and supply chain management. However, the company has faced and continues to face challenges with its stakeholders and other parties who are very critical of their business practices and ethics. Wal-Mart has established a reputation of squeezing the little guy to acquire the lowest possible price for the most earnings at the expense of some of its stakeholders as addressed in the 2005 documentary Wal-Mart: The High Cost of LowRead More Dukes v. Wal-Mart Essay2269 Words   |  10 Pages Dukes v. Wal-Mart Stores, Inc. is a legal battle concerning whether or not the company engaged willfully in gender-based discrimination. Underlying causes, organizational culture and ethical issues will be examined in determining how the largest private employer in the United States could have fallen prey to unfair labor practices.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"In 1999, women constituted 72% of Wal-Mart’s hourly employees, but only 33% of its managerial employees† (Bhatnagar, 2004). This fact and many othersRead MoreEssay on Organization Ethics1201 Words   |  5 Pagesuniformed in what the organization strive to have as organizational behaviors and help the employees have guidelines to make ethical decisions that protects the organization. Every organization also has a profession responsibility to conduct business honestly and ethically. Our readings reported, â€Å"Experts estimated that U.S. companies lose about $600 billion a year from unethical and criminal behavior† Kinicki and Kreitner (2009). The organization could avoid having ethical issues by meetingRead MoreWal-Mart Ethics Essay2348 Words   |  10 PagesWal-Mart Stores, Inc. is currently entangled in a legal battle that will decide if the company has engaged willfully in gender-based discrimination. Underlying causes, organizational culture and ethical issues will be examined in determining how the largest private employer in the United States could have fallen prey to unfair labor practices. In 1999, women constituted 72% of Wal-Marts hourly employees, but only 33% of its managerial employees (Bhatnagar, 2004). This fact and many others