Whole Foods: The Seven Ethical Principles In Business

Decent Essays
Many of the seven moral principles listed in Table 1-4 appear to be in force at Whole Foods. Management can follow these moral principles when making ethical decisions. They are called the Magnificent seven (Kreitner & Kinicki, 2013). Moral decision making principles in business are generally developed to help managers analyze ethical problems and reach a decision about what ought to be done in a particular situation (Geva, 2000). When making global decisions, management should be aware of and acknowledge different culture values and principles (Hudgson, 1992). Decisions should not be make based on American customers or mores (Hudgson, 1992). The key to valued-based decision making is to choose and option for action that flows from business

Related Documents

  • Great Essays

    Ethical Ethics Of Wegmans

    • 1403 Words
    • 6 Pages

    “Ethics is the moral principles that governs a person or group 's behavior. To be ethical is of or relating to moral principles or the branch of knowledge dealing with these.(2)” One of the most ethical companies to work for is Wegmans Food Markets INC. Wegmans, built in 1906 and family owned is a well-known grocery store. Wegmans was “ranked number four on FORTUNE magazine’s 2016 list of the one hundred Best Companies to Work For. Wegmans has been on the list every year since it first ran in 1998, and in 2005, ranked #1.(1)”…

    • 1403 Words
    • 6 Pages
    Great Essays
  • Decent Essays

    From the beginning, Costco's core business mission has always been to provide its cus-tomers with quality goods and services at the lowest price possible. Outside of its ultimate goal which is to reward its shareholders, Costco has always lived by the code of ethics which are to obey the laws, take care of its members and employees and respect its suppliers. Costco is a law abiding organization that stays compliant to the established rules in its industry and in the com-munity it serves. The second code of ethics for Costco is to take care of its members. Costco op-erates by providing two types of memberships: Gold and Business.…

    • 148 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    As a large retailer, Target has the ability to defend themselves from “show-rooming”. One of the largest ways Target has combatted against this practice is pressuring their suppliers for special limited time products for a cheaper price. While these practices can entice customers to purchase from Target, there could be ethical issues to consider. Target will need to consider the ethical issues of quality and labor to produce cheaper products when making demands to their suppliers (Kinicki & William, 2013). Target is justified in demanding exclusive products from their retailers.…

    • 296 Words
    • 2 Pages
    Improved Essays
  • Superior Essays

    Businesses are highly encouraged to embrace ethical practices in their activities. The strong desire to make profit shouldn’t really override ethical practice (Hartman 32). The ethical dilemma In this case scenario, Chicken International Group, a chicken-processing company has…

    • 832 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    To this day, founding family’s personal views continue to shape company-wide practices. The objective of this paper is to discuss the issues faced by Chick-fillet-A, to present alternative strategies, and to recommend the best ethical leadership strategy to create an ethical, inclusive, and diverse business. Chick-fil-A: Ethical Leadership Case Study Chick-fillet-A’s company policies are…

    • 1004 Words
    • 5 Pages
    Improved Essays
  • Decent Essays

    Functional tactics can best be defined as the detailed statements of the ‘means’ or activities that will be used by a company to achieve short-term objectives and establish competitive advantage .One of Whole foods functional tactics is to improve the value image of its products and by that increase its market base expansion. After the recession, Whole foods have made changes that have changed the Whole Paycheck reputation for example they introduced the 365 everyday value and 365 organic brands (1). The difference that has been reflected is that now they offer fair prices that are within the budget of many grocery shoppers. Whole foods also focuses on providing low-cost products that are of high quality along with other premium brands…

    • 153 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Chipotle's Business Model

    • 397 Words
    • 2 Pages

    The organization’s business model satisfies the five interrelated factors for assessing ethical decisions, which effectively defines it as a socially responsible organization. They do this by supporting local family-farms through the promotion of local and organic food items on their menu over other unsustainable menu items. In doing so, the community benefits by keeping family-farms functional and productive, which in turn, keep locals employed while also keeping its customers and consumers happy and healthy. Perhaps the most potent question that gives doubt to the organization’s social responsibility is if it can still serve the interests of its stakeholders, which is also a factor to be considered in an ethical decision.…

    • 397 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Leadership is a complex phenomenon. One thing is clear: leaders are not born into leadership, and you cannot make a leader. Leaders rise to existence by circumstances. Those who show up to the occasion are leaders (Sweet, 2004). Truett Cathy, founder of Chick-fil-A poses all the qualities you look for in a visionary and ethical leader.…

    • 677 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    At some point or another Whole Foods encompass all seven of the moral principles listed at their establishments. The moral principles mention sets the standard and tone for an organization. The system that is in force is being used for management to conduct business which affects how the employees and community reverence their business practices. The leaders in the organization demonstrate loyalty to manage employees. Whole food offer far wages and training to all the employees.…

    • 386 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    For Whole Food Markets corporate social responsibility (CSR) begins from within its company. Of course part of its focus is to attract those healthy minded consumers into their stores to generate profit. In order to do so Whole Foods Markets must make sure that their food is truly wholesome and valuable as would, let’s hope any other store should. The way this is accomplished starts with the employees, Whole Foods Markets understand that by in-trusting their top managers/employees in a “no-secrets” management philosophy, with decision making creates higher trust toward the company as well as accountability and are bound to perform at their best (Hamel, Breen 74). Giving employees the push to perform beyond of what is expected of them.…

    • 1554 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    Living in Florida most people know about Publix Supermarkets, and the amazing quality of customer service they strive to give every day. George W. Jenkins was the founder of Publix and September 6, 1930 he opened a Publix Food Store in Winter Haven, Florida. By 1935 he had two Publix Food Stores, but decided to close both of them to open his dream store Publix Supermarket on November 8, 1940. When Publix first opened they had innovations such as air conditioning, fluorescent lighting, electric eye doors and terrazzo floors. People would call it a “food palace” and it forever changed the grocery store industry.…

    • 866 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Code Of Ethics Of Primark

    • 1682 Words
    • 7 Pages

    Primark notes Definition of business ethics-Ethics are moral principles that guide the way a business behaves. Acting in an ethical way means that companies distinguish between “right” and “wrong” and then making the “right” choice in relation to moral choices. Companies can easily highlight whether a decision is an unethical or ethical business practices. For example, companies should not use child labour.…

    • 1682 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    Social responsibility is a heavily disputed topic in the world of business and economics. John Mackey, co-founder of Whole Foods Market, claims that a business has multiple social responsibilities to each of its shareholders. He includes customers, employers, investors, and the community as part of the business’ stakeholders and claims that in fulfilling the needs of each group, the company must be mindful of the values of the other groups. On the other hand, Milton Friedman claims that there is no social responsibility of business, and that social responsibility falls on the government instead. Lastly, there is T.J. Rodgers who leans towards the arguments made by Friedman and objects against Mackey’s philosophy of altruism ahead of individual…

    • 1021 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Walmart is a corporation that is known not only in the United States but worldwide. The decision point covers the company’s ethics and how it handled a situation that occurred in their Mexico location. This paper will use the ethical decision-making model to identify the facts, ethical issues and the stakeholders. It will also cover the available alternatives, how decisions affect the stakeholders and offer guidance. Determine the facts…

    • 1060 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    Ethics are the moral principle that drives a person’s or group or peoples actions and behavior. While ethics are different for everyone, these are some clear things that are just out right unethical. Sometimes the right choice may not be the one that is best for your bottom end, but that does not meant that you should not make that choice. In the hospitality industry we deal with these decisions every day. Do you take the bribe from the supplier?…

    • 737 Words
    • 3 Pages
    Improved Essays