Verified Document

Walmart Ethical Issues At Wal-Mart Case Study

I refused to accept the bride, and as such, behaved in an ethical manner. From a teleological standpoint, my decision was a positive one since it was made in the sense and the sake of the final goal, that is the preservation of a good reputation for the candidate. Also, the decision also empowered my personal morale. Still, the finality of the action was that the business man approached another campaign staff and the decision made impacted primarily myself, rather than the actual system of political bribes.

2.2. Personal ethics and deontological frameworks

At the level of deontological ethics, I also acted in full accordance with the specifications and moral expectations of the position I was occupying at the time. In other words, I acted based on the norms and rules of behavior applicable when acting on a campaign and I exercised my duty to the best of my abilities, and within the adequate ethical framework.

2.3. ExxonMobil's code of ethics

ExxonMobil's code of ethics is written on less than four pages and the primary scope to which it testifies is that of complying "with all governmental laws, rules and regulations applicable to its business" (ExxonMobil, 2012). In cases where the law is permissive, the company commits to operating in a means in which it supports the well-being of the various stakeholder categories. The basis for its decisions is represented by honesty, integrity and respect for others. The company argues not to engage in any unethical behavior, nor to tolerate partners and employees who do so.

From a critical standpoint, the code of ethics developed and published by ExxonMobil is well written and generally similar to other codes of ethics, as developed by other entities. From the standpoint of...

ExxonMobil and global warming
ExxonMobil has created a financial empire through the exploitation of the world's natural resources. In recent years, the population has become more interested in the organization's activities, especially since they appeared to fuel pollution and global warming. In order to preserve its financial status and continue operations unharmed, the company has supported research stating that global warming is not a real phenomenon (Adam, 2009). It as such strived to convince the population that the raising global temperature was a make-believe phenomenon and that its operations did not have any damaging impact on the environment.

By acting in such a manner, the company broke several principles in the Global Business Standard Codex. For instance, they broke the transparency principle by not supporting scientific research, but striving to influence the global warming research. Then, they broke the dignity principle by not focusing on the well-being of others, but striving to manipulate information to their won benefit. Through these actions, the company also broke the fairness principle, the citizenship principle and the responsiveness principle.

Sources used in this document:
References:

Adam, D., 2009, ExxonMobil continuing to fund climate skeptic groups, records show, the Guardian, http://www.guardian.co.uk/environment/2009/jul/01/exxon-mobil-climate-change-sceptics-fundinglast accessed on June 1, 2012

Carroll, a.B., Buchholtz, a.K., 2011, Business and society: ethics, sustainability and stakeholder management, 8th edition, Cengage Learning

Greenwald, R., 2005, Wal-Mart: the high cost of low price

U.S. Congress, 2005, Congressional record, V. 151, Pt. 20, June 20 to June 27, 2005, Government Printing Office
2012, Code of ethics and business conduct, ExxonMobil, http://www.exxonmobil.com/corporate/files/corporate/investor_governance_ethics.pdf last accessed on June 1, 2012
Cite this Document:
Copy Bibliography Citation

Related Documents

Wal-Mart Background, Mission, Vision Today
Words: 2338 Length: 7 Document Type: Thesis

16; Wilbert, 2006, p. 2) Strategic process, planning and decision making As confirmed by Lee Scot's words regarding the aggressive strategy followed by each Wal-Mart store (Mohideen, 2009, p. 9), even if general stream planning and decision making is still largely centralized, being undertaken at the Wal-Mart Headquarters in Arkansas (for elements such as type of products to be sold, stores to be opened or closed, financial results and objectives, etc.),

Wal-Mart's Business Ethics Are Subject
Words: 985 Length: 3 Document Type: Research Paper

In the United States, the system of employment is known as "at-will employment." The premise of this system is that an employee and an employer engage is an employment contract that can be terminated by either party at any time, regardless of the reason (Standler, 2000). While the doctrine itself rightfully has its critics, it remains a part of the employment law landscape in the United States. Thus, employees

Wal-Mart's Annual Report: The Role of Ethics
Words: 1811 Length: 6 Document Type: Essay

Wal-Mart's Annual Report: The role of ethics and compliance in a business can be described as the link between the business environment and the three levels of the organization or business. These levels are the macro level, which is the national or global context of the business, the institutional level that entails the ethics that characterize a company, and the individual level ie. personal ethics in an organization. In the

Wal-Mart Corporation Mission and Vision Statement Analysis
Words: 4775 Length: 12 Document Type: Capstone Project

Wal-Mart Corporation Mission and Vision Statement Analysis Linking Wal-Mart's Mission and Vision to Their Strategic Goals ands Objectives Assessing the Link Between Wal-Mart's Financial Performance And Its Strategic Goals Wal-Mart Competitive and Marketing Analysis Wal-Mart Marketing Analysis Selecting An Appropriate Strategy (low cost, differentiation or niche) For Maximizing Organization's Return on Shareholders Potential Wal-Mart Merger & Acquisition Strategy Incentive and Reward Strategies for Wal-Mart Employees Evaluating How Current Strategies Define Ethicacy Levels at Wal-Mart Wal-Mart Ratio Analysis Income Statement Analysis,

Case Study: Wal-Mart
Words: 3414 Length: 9 Document Type: Capstone Project

Wal-Mart Inc. Wal-Mart is an American-based multinational discount store, currently operating more than 11,000 retail outlets in 27 different countries, and serving approximately 140 million customers weekly. Headquartered in Bentonville, Arkansas, Wal-Mart grew from a small family-managed retailer in 1945 to the world's largest retailer, and was named the world's largest company by revenues in the 2014 Fortune 500 list. The company operates its retail stores in two forms: i) Sam's

Walmart SWOT Wal-Mart: SWOT Tables and Synopsis
Words: 1087 Length: 3 Document Type: Essay

Walmart SWOT Wal-Mart: SWOT Tables and Synopsis External Forces Strengths Weaknesses Opportunities Threats Trends Legal and Regulatory Extensive legal resources Frequent violations of labor, environmental law To become a leader in improving global labor law Sweeping reform in global trade regulations Unfettered labor and environmental practices in developing sphere Global Cheap outsourced production Poor retail penetration outside base 14 countries To penetrate growing markets like China and India Creation of global wage standard Continued deregulation in developing sphere Economic Largest retail firm in the world Highly dependent on U.S. consumer habits To penetrate

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now