Essay On Why Walmart Lacks Business Ethics

Wal-Mart is an American public multinational enterprise that operates large chains of discount department and warehouse stores. The company of Wal-Mart relates a lot to international business because it is a business that has productive activities in two or more countries, and it focuses on adapting their products and service to each individual local market. Thanks to globalization, Wal-Mart has been able to cut down costs by outsourcing jobs to developing countries. The documentary of Wal-Mart tries to explain the factors that go way behind what Wal-Mart does in order to reach its ideology of low prices for its products. Some of the factors include lacking business ethics, government favoritism, outsourcing, and manipulating its code of ethics. As I watched the documentary, I was able to conclude that Wal-Mart lacked business ethics. According to the Global Business Today textbook, business ethics are accepted principles of right or wrong governing the conduct of business people. One of the reasons that prove that Wal-Mart lacks business ethics is that it offers no health benefits for its works, by letting …show more content…
The managers that were in high positions and that had the power to take decisions on these concerns only focused on the money, they didn’t care about their workers, they took defensive stances. Defensive stances is a perception that only focuses on making money for the company and that anything that distracted them from achieving that object was secondary. The Managers took this position because they were looking for the economic gains of the company and its shareholders. They knew that in the competitive market, low prices and obtaining profit were the only things that