EST1 Case 1
EST1 Case 1
1. Evaluate how Wal-Mart has ranked and responded to various stakeholders. I think Wal-Mart has ranked its investors and management appetites as top priority, simply because business exists for the purpose of making money for those people essentially. To make a profit Wal-Mart has to rank its customers next because that is where they acquire their capital. Ranked last I think are the employees and suppliers that Wal-mart uses. It seems that Wal-Mart jockeys its employees and suppliers into the position that will give the company the best everyday low price for its bottom line. In responding to the complaints of its lowest ranking. Wal-Mart seems to always take a retroactive approach to its problems. 2. Why do you think Wal-Mart has had a recent number of ethical issues that have been in the news almost constantly? I think the predominant amount of ethical issues that you see facing Wal-Mart in the news are due to the popularity of the state of health care in our country and the issue of living wages at large corporations pay their base workers. Wal-Mart is one of the largest companies in the United States so therefore they will be focused on as an example. I'm doing the Wal-Mart perpetuates these issues due to their unresponsiveness and lethargic reaction to mitigating these perceived social problems. Wal-mart is about the everyday low price not about the everyday employees or suppliers welfare. 3. What do you think Wal-Mart could do to develop and improved ethical culture and respond more positively to its diverse stakeholders? I do think Wal-Mart is trying to improve its ethical culture because it is required to to maintain the goodwill of its customers. I think that Wal-Mart is so large that it might have to take a compartmentalized approach two different ethical problems. Right now it appears that they are making a broad ethical attempt whereas I think they need to set up ethical standards for just employment and for supplier interaction and
1. Evaluate how Wal-Mart has ranked and responded to various stakeholders. I think Wal-Mart has ranked its investors and management appetites as top priority, simply because business exists for the purpose of making money for those people essentially. To make a profit Wal-Mart has to rank its customers next because that is where they acquire their capital. Ranked last I think are the employees and suppliers that Wal-mart uses. It seems that Wal-Mart jockeys its employees and suppliers into the position that will give the company the best everyday low price for its bottom line. In responding to the complaints of its lowest ranking. Wal-Mart seems to always take a retroactive approach to its problems. 2. Why do you think Wal-Mart has had a recent number of ethical issues that have been in the news almost constantly? I think the predominant amount of ethical issues that you see facing Wal-Mart in the news are due to the popularity of the state of health care in our country and the issue of living wages at large corporations pay their base workers. Wal-Mart is one of the largest companies in the United States so therefore they will be focused on as an example. I'm doing the Wal-Mart perpetuates these issues due to their unresponsiveness and lethargic reaction to mitigating these perceived social problems. Wal-mart is about the everyday low price not about the everyday employees or suppliers welfare. 3. What do you think Wal-Mart could do to develop and improved ethical culture and respond more positively to its diverse stakeholders? I do think Wal-Mart is trying to improve its ethical culture because it is required to to maintain the goodwill of its customers. I think that Wal-Mart is so large that it might have to take a compartmentalized approach two different ethical problems. Right now it appears that they are making a broad ethical attempt whereas I think they need to set up ethical standards for just employment and for supplier interaction and