Do you view Walmart as a company with integrity? They have a heavy ratio of part to full time workers to help keep cost down, but make millions of dollars a year.
Is downsizing ethical and socially responsible?
Is using part-time employees, rather than full-time employees, to reduce cost and keep from paying benefits ethical and socially responsible?
The strategy of Walmart to keep costs down by deploying more part time workers cannot be termed as unethical because it is a company's strategy and approach to control costs during tough economic times. However, company's integrity is questioned when they do not pay sufficient wages to workers or make them work longer at lower wages. Further, if they don't deliver the benefits promised to the workers during the ...
Discusses integrity of Walmart, downsizing and use of part time employees.
Business Ethics and Corporate Social Responsibility
Please perform a critical analysis of two organizations and their application of business ethics.
Download the Anglo-American and Primark case studies using the following links:
Scan the following article by Svennson & Woods:
Svensson, G., & Wood, G. (2008). A model of business ethics. Journal Of Business Ethics, 77(3), 303-322. Accessed on July 13, 2012 from EBSCO.
Machan, T.. (2011, February). Profit: the Right Standard for Business. Barron's, 91(7), 32. Retrieved August 2, 2011, from ProQuest.
And finally, the following article may be lengthy, but it is also a thorough discussion of business ethics, corporate responsibility, and their benefits:
William I. Sauser Jr.. (2005). Ethics in Business: Answering the Call. Journal of Business Ethics, 58(4), 345 357. Retrieved from ProQuest.
Assess the ethics of the business practices of two organizations, and then discuss the costs and the benefits to organizations that act ethically. You will apply one component of Svennson and Wood's business ethics model to one or both companies.
Respond to the following, using Anglo-American and Primark as examples:
1) Describe what is meant by ethical business behavior;
2) Describe how these two companies - Anglo-American and Primark - apply ethics in practice;
3) Discuss the costs and benefits to an organization when that organization behaves ethically.
4) Choose one component of Svennson & Woods' model (found in the journal article "A Model of Business Ethics"), and discuss how your chosen component is relevant for Anglo-American and/or Primark. For example, you might choose "external stakeholder relationships" (page 314), and discuss how Anglo-American benefits from its positive stakeholder relationships (see page 4 of the Anglo-American case study).