Ethical Issues of Wal-Mart - 2640 Words

The ethical issues of Wal-mart Introduction: A stakeholder is a person or a group that has an investment, share or interest in a business or an industry[1], it can also be classified as anyone that has an influence on the business. There are two types of stakeholders, primary and secondary. Primary stakeholders are necessary for the company’s survival, meaning people from the workers, supervisors, managers, to the customers, shareholders and board of directors; and secondary stakeholders do not typically engage in transactions with the company and therefore not essential to its survival, meaning the media, special interest group, etc. Since they have an influence in the company when there are any changes, they become a very important†¦show more content†¦Wal-Mart ignores the rights of the employees, and they have little control on the higher post staffs. Wal-Mart did not maximize the stakeholders’ wealth and value, they do not respect their business culture as much and uses forceful methods to get to an a greement. Why do you think Wal-Mart has had a recent number of ethical issues that have been in the news almost constantly? Wal-mart is the largest retailer in the world, which is possibly the most controversial business in America. Its sales are over $312,000 billion in 2006 and approximately 1.7 million employees around the world. Wal-mart has saves the average family an estimated $2329 per year[4]. Although Wal-mart is producing lower cost product to customer, but it also producing lots of ethical issues when it provides this benefit to their customers. Relatively low payment of Wal-mart employees: Why Wal-mart can provide such a low price product, from my opinion, there are two main reasons. A company usually minimize its cost by lowest its labor cost and lower its cost when import product. The reason of why Wal-mart can minimize its labor cost is because in most Wal-mart store, Wal-mart is the monopsony, as a monopsony Wal-mart will be the single buyer of the labor force. As long as Wal-mart is the single buyer, they have a monopoly power to become a â€Å"wage maker† because the wage rate it must pay varies directly with the number of workers it employs. As a monopsony, Wal-mart has such monopsony power at itsShow MoreRelatedWal-Mart Ethical Issue Paper3080 Words   |  13 PagesRunning head: ETHICAL ISSUE IN BUSINESS Ethical Issue in Business (Wal-Mart’s Ethical Controversy) Michael J. Charley, Deniqua Jackson, Beatina Marshall, Tom Pletzke University of Phoenix Instructor: ROBERT OXLEY Course: ETHICS IN MANAGEMENT  PHL/323 Date: May 21, 2008 This paper will obtain information about a researched issue that deals with business ethics. The paper will include a summary of the Article and issue. This paper will also touch on the following topics, whatRead MoreEthical and Legal Issues Within Wal-Mart1562 Words   |  7 PagesIntroduction Wal-Mart is commonly known for its low prices, clean appearance, and large variety of products; however, the super store has constituently been the center of many ethical issues. From working conditions, wages, benefits, product issues, and even bribery, Wal-Mart has been shrouded in ethical disputes for years. In the next few pages I intend on discussing these issues, the impact they have had on the company, and the actions that management has taken in response to them. PredatoryRead MorePhl 323 Week 3 Ethical Issues Walmart Paper1535 Words   |  7 PagesCurrent Ethical Issues in Business Introduction There are several factors that account for the changes in the way business is conducted today. 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The company is guilty of everyday social discrimination;Read MoreWalmart and Its Associates Efficient Operator or Neglectful Employer1479 Words   |  6 PagesTable of Contents Introduction: Ethical Issues 3 Employee compensation issues 3 Alleged Sexual Discrimination 4 Dominance Policies 4 Unionisation 5 Wal-Mart: Past and new allegations 5 Conclusion 6 References 7 Introduction: Ethical Issues (Appendix A) Wal-Mart had been criticized for its worst CSR practices which includes low wages for the employees (Karen, 2004). Immoral activity of paying low for more and the overtime works had been held (Karen, 2004) .The quantitativeRead MoreMoral Ethics Of Business Entities Toward Society1496 Words   |  6 PagesIntroduction The purpose of this documentary study is to analyze the ethical and moral action of Wal-Mart, one of the biggest retailer corporations in the United States, towards society and its employee. The â€Å"Wal-Mart: The High Cost of Low Price† is a documentary movie directed by Robert Greenwald and released in the market on November 4, 2005. Being the biggest competition of the retail industry toward the small local business owner, Wal-Mart claims to be one of the reasons why local small businesses areRead MoreCross Cultural Perspectives1102 Words   |  5 PagesCross Cultural Perspectives Cross Cultural Perspectives Wal-Mart is one of the largest corporations and private employers in the United States, and one of the most admired companies in America as reported by Fortune Magazine (â€Å"Fortune 500†, 2012). Netting billions of dollars in profits each year, there are not many other retailers who can compete with them. They give millions back in donations to non-profit companies around the country each year, yet put mom-and-pop establishments out of

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IntroductionThesis statement : Marijuana is a well-known flower for its countless benefits, yet it’s illegal in most countries as it is considered a harmful drug on the long term.Physiological effects of marijuana. Marijuana could be very useful medical DrugMarijuana is used to treat painful headaches and migraines.American doctor J.B.Mattison’s research discovered that marijuana was capable of treating these painful headaches and migraines, as a matter of fact marijuana even reduced the frequency of such headaches for some patientsMarijuana should be used for such migraines and headaches as it has effective and immediate effect on them.Psychological effects of marijuanaMarijuana can be a safe and useful sleep aidPeople who suffer from insomnia and anxiety could have nice good sleep by simply smoking a joint.According to â€Å"clinical pharmacology therapy† researcher I Feinberg says â€Å" The effect on sleep of THC administration closely resembles those induced by lithium.†Doctors and researchers suggests smoking a joint of marijuana instead of other drugs like lithium carbonate as it has stronger side effects than marijuanaMarijuana is safer than legalized drugsMarijuana is a social drug that has very low percent of addiction. We will write a custom essay sample on Opinion Essay Outline or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Around 40% of Americans admitted that they tried marijuana while only 16% of Americans tried cocaine. Yet marijuana is less addictive than coffee, that’s why people are feeling safe to try it.According to a 2010 study published in the lancet Marijuana comes after alcohol, heroin, crack cocaine, methamphetamine, cocaine, tobacco, amphetamine and ketamine as drugs that causes harm. Smoking a joint is way better than drinking a beer. Marijuana decimates many people’s lives.People believe that Marijuana smokers face serious problems like failing in their social lives, losing their jobs, or losing their love of their life as they don’t want to be in a relationship with a stoner.In fact so many successful people smoke marijuana like Maya Angelou, Martha Stewart, Morgan Freeman, Ted Turner. As well as they are high functioning marijuana users.Some people believe that marijuana is terrible for your physical health as it causes lung problems and may cause temporary sterility.Ever since Marijuana was introduced to human beings not a single death was recorded from from overdose or related causes, on the other hand in 2010 ( 25,692) people died from alcohol related causes.