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