BUSINESS ETHICS & CORPORATE

SOCIAL RESPONSIBILITY
 BUSINESS ETHICS

Moral principles concerning acceptable and unacceptable behavior

by business people. Executives are supposed to maintain a high sense
of values and conduct honesty and fair practices with the public.
 Business Ethics towards various People

CUSTOMERS EMPLOYEES SHAREHOLDERS DISTRIBUTORS

GOVERNMENT SOCIETY INVESTORS SUPPLIERS

 Big Retail Giant

 Headquartered in Bentonville, Arkansas.

 Topped the list of Fortune’s Global 2000.
 Large Numbers of Customers.
 Over 2 million employees worldwide – one of

the largest private employers in the nation.

 World-Wide Business.
 History of WAL-MART

SAM WALTON
 On July 2, 1962, Walton opened the first Wal-Mart Discount
City store.
 In 1968, it opened its first stores outside Arkansas.
 The company was incorporated as Wal-Mart Stores, Inc. on
October 31, 1969.
 In 1970 it had 38 stores operating with 1,500 employees and
sales of $44.2 million.
 In October,1970, Wall-Mart was listed on the New York Stock
Exchange.
 In the 1980s, Wal-Mart continued to grow rapidly, 1987- 2002.
 In 2002, it was listed for the first time as America's largest
corporation on the Fortune 500 list, with revenues of $219.8
billion and profits of $6.7 billion.
 Growth during 2005 $312billion sales, 6,200 stores & 1.6
million workers .
 Enter of new policies during 2007,2009 & 2010.
 Ethical Business Practice

 100 million customers every week.

 "Low prices, always"
 Helping Hands
 Helps in saving money.
 Private label brands.
 Unethical Business Practice
WAL-MART and Workforce relations

Wages Working conditions

Health insurance
Child labor violations Use of illegal workers

Labor union opposition Gender and sexual

orientation
 2010 Race Incident

Harm to endangered species

 Applying to Ethical Theory

 Utilitarianism theory : Own purpose V/s

people benefits
 CONCLUSION
• Wal-Mart has been subject to criticism by various groups and
individuals.
• Labor unions, community groups, grassroots organizations,
religious organizations, and environmental groups protest
against Wal-Mart policies and business practices.
• Other areas of criticism include the corporation's foreign
product sourcing, treatment of product suppliers,
environmental practices, the use of public subsidies, and the
company’s security policies.
• Wal-Mart denies doing anything wrong and maintains that low
prices are the result of efficiency.
“Man’s ethical behavior should be based effectually on
sympathy, education and social ties and needs; no religious
basis is necessary. Man would indeed be in a poor way if he
had to be restrained by fear of punishment and hope of reward
after death”
-Albert Einstein.