Sustainable Management Futures: Wal-Mart Case - Assignment Example

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Sustainable Management Futures: Wal-Mart Case

The paper tells that ethical foundation has become an important aspect for every company to conduct business in today’s ever changing world. Several companies believe that performing ethically is worthy for effective business performance and its impact can be enjoyed in the long run. An organisation which wishes to develop a positive image must be concerned about its customers’ requirements, society’s requirements, suppliers’ requirements, and requirements of employees’. Companies which are concerned about those above aspects should act ethically. In order to ensure good ethical practices, organisations need to implement ‘code of ethics’ and abide by them appropriately. Code of ethics helps organisations to notify their employees about the vision, brand image and objectives. Maintaining ethics in business is critical for every successful organisation. It not only preserves generosity of an organisation but its affect can also be enjoyed in the long run. An organisation which has sound business ethics has more probability of success compared to organisations which are involved in corrupted business activities. A sustainable company can draw the attention of potential investors and it can be achieved with sound ethical performances. From the above analysis, it can be observed that Wal-Mart violated many appropriate practices in lieu with standard ethical framework. As a result, the brand image of the company has been harmed critically. The unethical practices can impact effective work environment and market share of Wal-Mart. ...
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According to the research findings it can be observed that Wal-Mart violated many appropriate practices in lieu with standard ethical framework. As a result, the brand image of the company has been harmed critically. The unethical practices can impact effective work environment and market share of Wal-Mart…
Author : nmonahan

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