UNETHICAL PRACTICES IN BUSINESS Roll No.31
WHAT IS BUSINESS?
A business (also known as enterprise or a firm) is an organisation engaged in the trade of goods, services or both to consumers.
BUSINESS ETHICS
MEANINGS Business Ethics deals with
morality in the business.it is a system of moral principles and values applied to business activities.this means the business activities should be conducted according to ethics or moral standards.
CUSTOMERS
EMPLOYEES SHAREHOLDERS DISTRIBUTORS
GOVERNMENT
SOCIETY INVESTORS SUPPLIERS
Ethical practices in business
Be trustful Have clear documents Be respectful Fair treatment to employees Avoid exploitation of consumers Accept social responsibilities
Isn’t the “Best Ethic” maximizing Shareholder
Value?
WHAT ARE UNETHICAL BUSINESS PRACTICES?
Abusive BehaviorAccurate but Incomplete DisclosuresDiscrimination against Protected ClassReceiving/Offering Bribes, Kickbacks or IncentivesTheft or Fraud: Personal Use of Company PropertyTermination without Fair Notice or Cause
About WALMART
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.
100 million customers every week.
"Low prices, always"
Helping Hands
Helps in saving money.
Private label brands.
WAL-MART and workforce relations
WAGES
WORKING CONDITIONS
HEALTH INSURANCE
Child labor violations Use of illegal workers
Labor union opposition Gender orientation
Ethically yours!!!
Dishant Nagrani
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