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PHL 323 Week 3 Current Ethical Issues in Business 2015 version

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Current Ethical Issues in Business

Introduction

Through time there has been various factors that have affected how business is conducted today. Issues concerning economic conditions, electronic commerce, technology, ethics, and workforce diversity all played a role in altering business operation. In general, how a company conducts itself among its community directly affects its success.

Wal-Mart is the largest retailer in the world and even they are not exempt from performing ethically. In 2008, Wal-Mart lost up to $352 million in settlements across the United States. There were 63 law suits from workers claiming that they were cheated on their pay. By the last settlement, Wal-Mart recognized that they did actually act unethically.

This paper will discuss the ethical issues violated by Wal-Mart, what parties were involved in particular, and the impact of violations. Furthermore, there are discussions of how the issues with Wal-Mart affected society as a whole.

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PHL 323 Week 3 Current Ethical Issues in Business 2015 version

  1. 1. PHL 323 Week 3 Current Ethical Issues in Business Link : http://uopexam.com/product/phl-323-week-3-current-ethical-issues-in-business/ Sample content Current Ethical Issues in Business Introduction
  2. 2. Through time there has been various factors that have affected how business is conducted today. Issues concerning economic conditions, electronic commerce, technology, ethics, and workforce diversity all played a role in altering business operation. In general, how a company conducts itself among its community directly affects its success. Wal-Mart is the largest retailer in the world and even they are not exempt from performing ethically. In 2008, Wal-Mart lost up to $352 million in settlements across the United States. There were 63 law suits from workers claiming that they were cheated on their pay. By the last settlement, Wal-Mart recognized that they did actually act unethically. This paper will discuss the ethical issues violated by Wal-Mart, what parties were involved in particular, and the impact of violations. Furthermore, there are discussions of how the issues with Wal-Mart affected society as a whole. Finally, there is a proposal about revised ethical standards and communication methods that are capable of preventing this issue to occur again in the future. Overview of Ethical Issue It is apparent that Wal-Mart acted unethical in this particular situation. However, it doesn’t appear that they had that intention initially. Wal-Mart hired managers in order to manage each stores and the employees contained in the stores. Consequently, some of the managers proceeded to abuse the employees and eventually lead them to act out against the abuse. Managers were forcing employees to work off the clock and even went to the extent of manipulating time cards. As the managers changed the time cards they only considered the immediate rewards without acknowledging that there would be severe consequences later on. The later results would mean that Wal-Mart would face all the consequences while the self fish managers avoided everything. It’s very clear that the managers aimed to maximize there man power while not affecting the stores payroll. The reports in general showed that Wal-Mart did not practice any ethical sense. The theory is that managers were all faced with a payroll quota that they had to meet. Its believed that they did anything within there power so that the store would not surpass the monthly budget. However, a store still requires a certain amount of man power to run efficiently. As a result, managers took an unethical approach to meet there quotas. Wal-Mart would later have to face with several employees joining together to make legal cases about the abuse. The company ended up facing a series of law suits but the managers were able to make more money by reaching there budget. This series of unethical conflicts by Wal-Mart built a great distrust within the community and lost there integrity. Furthermore, company stocks are subject to
  3. 3. drop so stock holders are going to be losing a significant amount of money. Ideally, as the news spread that Wal-Mart conducts business in this manner, they will progressively see there customer base decrease. Eventually, Wal-Mart will be forced to raise prices so that they can survive as a business. An act which will further spoil there popularity among the community. Wal-Mart performed unethically because they made a huge mistake when related employees to the business. T http://uopexam.com/product/phl-323-week-3-current-ethical-issues-in-business/

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