Unethical Business Practice of Walmart
Unethical Business Practice
Most people would agree that the objective of most businesses is to make money in an honorable manner, and to conduct business in an ethical way. Well, not all businesses operate in an honorable and ethical manner. According to Lovelenna Rajeev, author of Ethical and Unethical Business Practice, “Business ethics are moral values and principles, that determine our conduct in the business world. It refers to the commercial activities, either with other business houses or with a single customer”(Rajeev2009). While the objective of all businesses is to make profits, the business should contribute to the interest of the society by ensuring fair business practices. However, greed has led businesses to unethical business practices and general mistrust. Some examples of unfair business practice include; bribery and dishonesty, unfair treatment of employees, sexual discrimination.
Everyone knows that it is unethical for a business to use dishonesty and bribery to get employees to do what the company wants them to do. Well, not every company sees the wrong in being dishonest. The biggest company in the world, Wal-Mart, is accused of using bribery and dishonesty so that their employees cannot join or communicate with a union. Wal-Mart is a non union organization that feels it does not need third party intervention. So, instead of unions, Wal-Mart has an open door policy meaning if an employee has a problem they can take their complaints beyond management and go straight to corporate. According to PBS,” the open door policy does little to help its employees but gives the company the leverage they need to terminate unwanted non compliant employees”(Moore2005). Also, Wal-Mart employees get paid less than unionized companies and their employees usual quit by the end of their first year. The company also prohibits it employees from communicating with union workers. According to Wikipedia, Wal-Mart’s executive, Tom Coughlin was forced to resign
Most people would agree that the objective of most businesses is to make money in an honorable manner, and to conduct business in an ethical way. Well, not all businesses operate in an honorable and ethical manner. According to Lovelenna Rajeev, author of Ethical and Unethical Business Practice, “Business ethics are moral values and principles, that determine our conduct in the business world. It refers to the commercial activities, either with other business houses or with a single customer”(Rajeev2009). While the objective of all businesses is to make profits, the business should contribute to the interest of the society by ensuring fair business practices. However, greed has led businesses to unethical business practices and general mistrust. Some examples of unfair business practice include; bribery and dishonesty, unfair treatment of employees, sexual discrimination.
Everyone knows that it is unethical for a business to use dishonesty and bribery to get employees to do what the company wants them to do. Well, not every company sees the wrong in being dishonest. The biggest company in the world, Wal-Mart, is accused of using bribery and dishonesty so that their employees cannot join or communicate with a union. Wal-Mart is a non union organization that feels it does not need third party intervention. So, instead of unions, Wal-Mart has an open door policy meaning if an employee has a problem they can take their complaints beyond management and go straight to corporate. According to PBS,” the open door policy does little to help its employees but gives the company the leverage they need to terminate unwanted non compliant employees”(Moore2005). Also, Wal-Mart employees get paid less than unionized companies and their employees usual quit by the end of their first year. The company also prohibits it employees from communicating with union workers. According to Wikipedia, Wal-Mart’s executive, Tom Coughlin was forced to resign