Walmart essay
Based on the cases described above, how would you describe the managerial philosophy of Walmart? What principles are involved? What are the over- riding aims, values, and goals of Walmart?
Walmart’s managerial philosophy is profit-oriented that means that the company puts its marketing interests prior to ethical norms and standards. The company uses utilitarian principles to reach its over-riding aims, values and goals, which lead the company toward taking the competitive advantage in the marketing using any means to reach the target end.
How would you decide, in any of the cases mentioned above, whether or not Walmart had been acting in a socially responsible way? What considerations would help you to decide?
The company would refuse from bribery in Mexico, if it acted in a socially responsible way. This is the only possible way because bribery violates basic social and ethical norms and misbalances the performance of the company and its social responsibility. The company cannot bribe, with the one hand and provide social support with another.
Does it matter to you, as a potential customer or a potential employee, whether Walmart has acted unethically? Why or why not?
It does matter a lot whether Walmart acts ethically or not because the neglect of basic ethical norms is the ultimate manifestation of disrespect to a potential customer or employee. I would not buy from or work at the company that violates ethical norms.
For a corporation as complex as Walmart, with some activities that can be described as unethical and some as ethical, is it ever possible to make a blanket ethical judgment about its operations?
It is possible to make a blanket ethical judgment about Walmart’s operations because the company should have corporate ethical norms and standards determining the conduct of its managers and employees worldwide.
How might Walmart executives defend their actions after they learned of the bribery in Mexico? Would your judgment change if bribery was a common business practice in Mexico?
Walmart executives justified cases of bribery by the high level of corruption in Mexico. However, even if bribery was a common business practice in Mexico, such practices are unacceptable for the company conducting socially responsible policies.
Walmart’s wages are above the legally required minimum wage, and health benefits are not legally mandated. Are there reasons for a business to take actions that are not required by law but that might reduce profits?
Such actions are acceptable as long as they are within the framework of the social responsibility of the company and stand for interests of employees and local community members.
Does Walmart have any responsibilities to its suppliers other than those specified in their contracts?
Formally, Walmart have responsibilities determined by contracts but also the company should be able to respect ethical norms and standards.
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