WAL-MART BUSINESS ETHICS

The Wal-Mart Way - Business Ethics analysis



The Wal-Mart Way - Business Ethics Analysis

Enjoying the success of being the largest company in the world, Walmart has experienced continuous growth and peak points in its finance, and although there have been periods of decline, they have been overlooked owing to the fact that the company has enjoyed a steady stream of success since 1962. However, nowadays is one of those periods of decline that occur when a company no longer follows the ethics that were originally being practiced, leading to the reputation of the company facing a hard fall (Copeland & Labuski, 2012, p. 23). Cost-cutting used to be one of the features of Wal-mart culture among employees, as everyone pitched in to ensure the company remained completely sincere to its customers and not spend the funds on their own. Sam Walton, the founder of Walmart would make sure that proper discipline in following business ethics were practiced, and was considered a most charismatic man (Roberts, 2012, p. 54). He valued communication among employees and associates, and would generally contribute to providing customer as well as job satisfaction to employees.

The decline came about when public image issues started to crop up, that potentially hurt the success of Walmart in the long run. The publicity stunts that Walmart would perform did not manage to receive as much success as they would have had they been following their own set up business ethics. “Egoist use personal advantage…as the standard for measuring an action's rightness.” (Chan, 2011, p. 45). Evidently Wal-mart as It operates today is performing with personal advantage being one of the interest they are geared towards, while ignoring the wreckage that might leave the company in.

According to recent statistics, one third of the employees at Walmart are ...