Business Ethics Term Paper - 2462 Words

Business Ethics Term Paper: Wal-Mart Walmart serves customers and members more than 200 million times per week at more than 9,826 retail units under 60 different banners in 28 countries. With their fiscal year 2010 sales of $405 billion, Walmart employs 2.1 million associates worldwide. Walmart was founded in 1962 by Sam Walton, with the opening of the first Walmart discount store in Rogers, Ark. The company incorporated as Wal-Mart Stores, Inc., on Oct. 31, 1969. The companys shares began trading on OTC markets in 1970 and were listed on the New York Stock Exchange two years later. In this term paper I will be discussing the different ethical questions that arise about Walmart and some of the ethical concerns that people have about†¦show more content†¦On the other side of this issue is that Walmart does a good job in providing employment. Walmart employs 2.1 million associates worldwide. This is a good thing that Walmart provides so many jobs especially in a tough economy. Some would argue that it has positiv e effects on our economy. It seems that everywhere I read that the negatives of employment at Walmart overpower the good. And because of this it is an ethical concern. I think that some of the possible resolutions would be to raise the wage for the employees so that they could be able to afford more. Also they should have kept their employee benefits that they cut. While Walmart may not take care of its employees as well as they should, there is really not argument for their corporate philanthropy. Some of the things they have done is that they donated approximately $800 million in value in 2011 and were name the biggest cash contributor by Chronicle of Philanthropy. Walmart also gave a $2 billion commitment to help end hunger in America. Walmart seems to be doing a very good job in dealing with its philanthropic responsibilities. Another ethical issue that I am going to discuss is the issue of Walmart being a monopoly and how because of this it is destroying other business around it. The reason people think that Walmart is a monopoly is that it owns the majority of the market shares. The reason people think this is because it is the largestShow MoreRelatedOrganizational Ethics934 Words   |  4 PagesWeek Three Managerial Ethics †¢ Identify typical ethical problems of managers. †¢ Recognize differences in ethical behavior and responsibility between an employee and a manager. Course Assignments 4. Readings †¢ Read Ch. 6 7 of Managing Business Ethics. †¢ Read this week’s Electronic Reserve Readings. 5. 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