Evaluation of Business Code of Ethics: Walmart

In: Business and Management

Submitted By ninabrown
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Pages 7
Evaluation of Business Code of Ethics: Walmart
Nina Brown
PHL/323: Ethics in Management
August 8, 2011
David Rubenstein
Evaluation of Business Code of Ethics: Walmart A code of ethics is a set of written guidelines issued by an organization to its employees and management regarding ones conduct and behavior (Business Dictionary, 2011). Principles and standards are important, but they are also crucial in everyday life expectancy as well as his or her work setting. The function of a code of ethics policy is to provide its personnel, administration, board of directors, and others an orientation that abides by a business course of action, principles, and ethical standards. Each business should develop a code of ethics as a standard for his or her industry to abide by daily. It should concentrate on major factors important to the individually industry requirements. The honesty of an industry and its workers is essential to the general success of the organization as a unit. This evaluation focus is on Wal-Mart the number one fortune 500 company in the world. This process will include general information about Walmart including its mission statement, ethical system, and it putting into practice on an employee, management, or board of director level. This paper will also include information on modifying the existing policy, reactions expected from employees and managers, effects of organizational culture and the effect on the organization itself.
In 1962 the first Walmart discounted store became a reality in the state of Arkansas. Saving individual money to help him or her establish a better lifestyle was the central objective that the owner. Sam Walton had in mind when he opened the first store almost 50 years ago. Today a leader in maintaining, company compassion and employment opportunity, Walmart is the top dog in the CNN Money Magazines…...

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