Personal And Organizational Ethics Wal Mart Corporate

Week One Journal Mornic Davis PHI445: Personal Organizational Ethics Prof: Robert Wengrzyn August 24, 2015 Week One Journal Place the name of the Not-For-Profit Organization here: Shriners Hospitals for Children Place the name of the For-Profit Organization here: Wal-Mart Corporate Reflection Prompt # 1 Summarize three of the ethical theories that are explained in Chapter 1 of Introduction to Business Ethics. Explain how people running businesses would construct their companies if they utilized these ethical theories. For example, you might personally think that people should act to increase the overall happiness for the greatest number of people (utilitarianism). You would explain utilitarianism and then explain how a company based in utilitarian ethics would function. In other words: What products would they make? How would they treat their employees? How would they treat their customers? How would they manufacture their products? How would they utilize their resources and profits were they to become successful? Consequentialism, Deontology, and Virtue Theory: Reflection Prompt # 1 Consequentialism, Deontology, and Virtue Theory 1.) Consequentialism Moral principles have occurred for many ages and are frequently tested and questioned by researchers and thinkers. They are the ethical standards from which leadership can be attained along the pathway to an evaluation. Each one of them has an unlike methods of measuringShow MoreRelatedEssay on Mgt/230 Internal and External Factors1504 Words   |  7 Pagesleading, and controlling. These are used from top-level management to frontline or organizational management. Globalization, technology, innovation, diversity and ethics are factors that affect these business functions. One can examine almost any organization and find this to be true. Wal-mart is one of the leading retail organizations in the world whose management functions are affected by these factors. Wal-Mart has dominated the global market by operating in 27 countries outside the United StatesRead MoreEthical Leadership Debate1654 Words   |  7 PagesStatement Seminar Four: Ethical Leadership Debate Guiding Reflective Question | Student Reflection | What was the definition of ‘ethical leadership’ adopted by the participants in the debate?What is the role of the directors as envisaged by Codes of Corporate Governance and wider society?Are these expectations consistent with the ideas of ethical leadership? | The four characters, Mike, Jan, Mei-Hua and Deshi were portrayed as individuals with starkly differing views on ethical leadership. Mike believesRead MoreEssay on Management and Leadership; the Wal-Mart Way2328 Words   |  10 PagesManagement and Leadership; the Wal-Mart Way Traveling back in time to 1962 in small town America, one would likely notice the absence of a now familiar sight. Today, people living in almost any town in America need not travel far to patronize one of today’s most popular discount retail establishments: Wal-Mart. Founded in 1962, Wal-Mart was the brainchild of Sam Walton, a charismatic retailing and merchandising leader. Under Sam’s leadership, Wal-Mart’s success grew rapidly, extending throughoutRead MoreEssay on Walmart- Functions of Management2070 Words   |  9 PagesInternal Factors of Wal-Mart Wal-Mart is one of the leading multinational discount department retail stores. One key characteristics of Wal-Mart is the diversity. Sam Walton’s goal was to help people live better by saving money. Wal-Mart is by far one of the most successful companies worldwide. Wal-Mart is a leader in diversity, globalization, technology, innovation, and ethics. Ethics plays a big role in the success of the company. Thru the ethical code followed, Wal-Mart hires, retains andRead MoreBusiness Ethics: Case Studies1238 Words   |  5 Pagesï » ¿Business Ethics Table of Contents Case 1: Monsanto Attempts to Balance Stakeholder Interests. 3 Case 3: Wal-Mart: The Future is Sustainability. 4 Case 6: AIG: Coping with financial and ethical risks. 4 Case 7: Microsoft Manages Legal and Ethical Issues. 5 Case 1: Monsanto Attempts to Balance Stakeholder Interests. Monsanto is a world renowned organization dealing in agriculture products. The seeds produced by the business are genetically modified. The genetically modified agriculturalRead MoreWalmart Negative Effect2430 Words   |  10 Pagesyears, Wal-Mart grew to be the largest corporation in the United States with over 5,000 stores and a staggering 1.2 million employees. In fact, Wal-Mart’s staff accounts for 1% of the United State’s working population (Blodget, 2010). Unfortunately, such an enormous presence, combined with negative reviews, has turned Wal-Mart into the country’s most hated retailer of all time (Picchi, 2015). As such, Wal-Mart is constantly investigated, scrutinized, and sued. The following essay analyzes Wal-Mart’sRead MoreAssignment: Business Ethics Across Cultures Article Review3518 Words   |  15 PagesAssignment: Business Ethics Across Cultures Article Review Crystal Williams XMGT/216 May 23, 2010 Elizabeth Berg Business Ethics Across Cultures Article Review The first Article that I read is titled Business Ethics in China. In this article the author talked about how China is open to considering the ethical issues as they want to be global players. The Chinese are aware of some of their own corrupt business practices such as favoring family and cronies. Because the Chinese are doingRead MoreBusiness Ethics: Child Labor in Wal-Mart8552 Words   |  35 PagesPart 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 environmentRead MoreWalmart Ethics and Compliance2052 Words   |  9 PagesWal-Mart Ethics and Compliance University of Phoenix August 24, 2009 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 annualRead MoreWalmart Organizational Behaviour3028 Words   |  13 PagesIntro Wal-Mart has been one of the world most successful stories; the small store in Alaska has been extended to be the world largest retail organization. Behind this success; there have been certain organization behaviors that have shaped the Wal-Mart stores. In this essay, we try to explore those orgnizationuinal behavior factors that have created the Wal-Mart culture; keeping into considerations the values of ethics and modern business behavior, we try to explore Wal-Mart behaviors in the