ETHICAL PRACTICES

IN BUSINESS

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.

CUSTOME

RS

EMPLOYEES SHAREHOLDERS DISTRIBUTORS

GOVERNME

NT

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 Behavior

Accurate but Incomplete Disclosures

Discrimination against Protected Class

Receiving/Offering Bribes, Kickbacks or

Incentives

Theft or Fraud: Personal Use of Company

Property

Termination 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

WAGE

S

WORKING CONDITIONS

HEALTH INSURANCE

Child labor violations Use of illegal workers

Labor union opposition Gender orientation

Ethically yours!!!