...Evaluation of Business Code of Ethics: Walmart Nina Brown PHL/323: Ethics in Management August 8, 2011 David Rubenstein Evaluation of Business Code of Ethics: Walmart A code of ethics is a set of written guidelines issued by an organization to its employees and management regarding ones conduct and behavior (Business Dictionary, 2011). Principles and standards are important, but they are also crucial in everyday life expectancy as well as his or her work setting. The function of a code of ethics policy is to provide its personnel, administration, board of directors, and others an orientation that abides by a business course of action, principles, and ethical standards. Each business should develop a code of ethics as a standard for his or her industry to abide by daily. It should concentrate on major factors important to the individually industry requirements. The honesty of an industry and its workers is essential to the general success of the organization as a unit. This evaluation focus is on Wal-Mart the number one fortune 500 company in the world. This process will include general information about Walmart including its mission statement, ethical system, and it putting into practice on an employee, management, or board of director level. This paper will also include information on modifying the existing policy, reactions expected from employees and managers, effects of organizational culture and the effect on the organization itself. History In 1962 the...
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...Statement of Values and Code of Ethics for Nonprofit and Philanthropic Organizations This document was drafted by a special taskforce of the INDEPENDENT SECTOR Ethics and Accountability Committee, distributed to IS members for review over a four-month period from October 2003 through January 2004, and approved by the IS Board of Directors on January 29, 2004. It constitutes the Statement of Values and Code of Ethics that IS will use for its own work. In addition, the Board of Directors of IS encourages IS members, and the field as a whole, to use this document in either drafting and adopting your own statement of values and code of ethics or, for those who have already done so, reviewing and revising, as necessary, your statement of values and code of ethics. As stated within, IS believes that each and every organization in the independent sector should have a code of ethics. IS firmly believes that the process by which a code is adopted is as important as the code itself, and that the board and staff should be involved in developing, drafting, adopting, and implementing a statement that fits Covenant Partners’s unique characteristics. Going through this process with the board and staff also begins to infuse into the culture of Covenant Partners a recognition of how important it is to address issues of values and ethics on an ongoing basis. We encourage all organizations to set aside time in your board meeting or at a retreat to discuss in detail all aspects of an ethical code—and...
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...CODE OF ETHICS - FORMAL REPORT FINAL DRAFT Kaven L. Snyder ENGL216 Professor Kimberly Calderon 4 February 2013 TABLE OF CONTENTS Abstract ……………………………………………………………………………….....… 3 Introduction ……………………………………………………………………………….....… 4 Discussion …………………………………………………………………….……...…. 5 - 10 Recommendations ………………………………………………………………………... 11 - 12 Conclusion ………………………………………………………………………………...… 13 Appendix ……………………………………………………………………………..……. 14 References ………………………………………………………………………………..…. 15 ABSTRACT The purpose of this report is to inform the Chief of Human Resources Officer that the company’s Code of Ethics is outdated and no longer compliant with the current laws and policies. Since it was created many years ago; the information listed on the document are based on the old policies from when the company’s Code of Ethics was originally implemented years ago. I recommend that the document be reviewed and updated. This can be accomplished by reviewing the industry’s standard and other company’s policies; as well as checking with current laws to ensure we are compliant. Furthermore, we will need to ensure every employee reads and understands the new Code of Ethics information prior to implementation. Once the information has been circulated; each employee will be required to sign an Acknowledgement Form stating that they are aware of the new Code of Ethics policy. The Acknowledgement Form will then be filed in their personal folder for our records. INTRODUCTION Snyder...
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...Evaluation of Business Code of Ethics Many companies and organizations employ codes of ethics that can enhance their image and endorse a form of legitimacy to that company or organization. A company such as Walmart with local and global outreach has incorporated into its system a culture of ethics and integrity that defines who they are as a company. This culture of ethics determine how customers and suppliers are treated by the company and how workers treat each other within the company. Walmart with many years of experience as a company deals with many ethical issues and there is need for constant evaluation and analysis of systems and structures to meet expectations, and remain in compliance with the demands of the corporate world of business. The company was founded by Sam Walton in 1950, started out with as a single discount store in Northwest Arkansas and grew to become one of the world’s largest retailer in less than 50 years, with thousands of stores and clubs and millions of associates. Walmart is a value-based company that has ethics at the forefront.The company has three basic beliefs, (1) Respect for individuals. (2) Service to its customers and (3) Strvving for excellence. The vision statement is to promote ownership of Walmart’s ethical culture to all stakeholders globally. The company also has some guiding principles to assist their associates in making the right decisions and acting with integrity. These principles are, to always act with integrity. Lead...
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...Unit 5 Michael Bolton IT590 Legal and Ethical Issues in IT January 17, 2014 Dr. Ellen Raineri Kaplan University Part 1 ACM Code of Ethics A council from the Association of Computing Machinery (ACM) revised their Code of Ethics in 1992. This Code contains 24 commitments for members to follow personally (Anderson, Johnson, Gotterbarn, & Perrolle, 1993). The ACM Code of Ethics is broken down into four sections with the imperatives listed below them. Section 1 pertains to general moral guidelines, section 2 pertains to guidelines that are more specific, section 3 is organizational leadership imperatives, and section 4 is compliance (Anderson, Johnson, Gotterbarn, & Perrolle, 1993). The moral guidelines section contains contributing to the well-being of humans and society, avoiding harm to people, honesty, fairness, honor property rights and copyrights, and giving credit for intellectual property. The moral guidelines section contains contributing to the well-being of humans and society, avoiding harm to people, honesty, fairness, honor property rights and copyrights, giving credit for intellectual property, respecting others privacy, and honoring confidentiality (Anderson, Johnson, Gotterbarn, & Perrolle, 1993). Section 2 demands that ACM members strive for high quality work, remain competent in their work, know and abide by laws, seek review from professionals, give thorough analysis of systems, honor commitments, aid the public with understanding...
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...find it hard to believe you could find a single person in the United States that has not heard of or been to a Wal-Mart. Because of their great success in the U.S., it only makes sense they would travel abroad and attempt to bring their services to other countries. Wal-Mart devised and produced a 36 page, global policy for ethics, which states the following: According to "Walmart Statement of Ethics" (n.d.), “Each business organization Walmart operates is expected to have a complete set of policies providing guidance to associates for whatever country they are working in”. “Walmart also publishes several “global policies,” which are designed to give associates a set of rules that are the same for all locations.” “This Statement of Ethics is an example of a global policy.” “If any part of this Statement of Ethics goes against local policies or laws, then the local policy or law must always be followed.” “It’s our responsibility to know all of the local laws and policies that might affect our area of business.” “If you’re not sure about any local laws or policies, please talk to your manager, the Walmart in-country Legal Department, or the Global Ethics Office.” “Some local laws, practices, or even local...
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...proceed morally and ethically. One of the goals of Beans and Buck$ is to improve the quality of life in the country where it does business. Corruption on foreign soil is a problem to deal with diplomatically and tactfully to maintain a healthy relationship. Mission The organization’s mission is to promote ethics in communities through research, education, and leadership by helping young people and adults to judge what is right, care deeply about what is right, and to do what is right (Williams, 2009). The company believes these are the ingredients to the recipe for moral maturity Vision The organization’s mission represents a vision of helping others in a way that would better a person’s behavior for years to come. With such a respect for ethical awareness, individuals can rely on the survey to release a new way of thinking about ethical philosophy. Code of Ethics A formal code of ethics exists for Beans and Buck$. The code of ethics is in accordance with all applicable laws, rules, and regulations and is based on the highest ethical standards. All employees of Beans and Buck$ are expected to adhere to this code. Topics included in the code of ethics of the company include honesty, and ethical conduct. Employees are expected to exhibit and promote honesty and ethical conduct when faced with conflicts that may arise in the organization such as conflicts of interest whether personal or professional. A confidentiality...
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...A mission statement is a business’s way of stating why they exist and the goals they hope to achieve. A broadcast to the public of the core purpose, a statement that remains unchanged over time. “An organization’s mission statement defines what the organization is today-it’s purpose or reason for existence.” (Babnik, Breznik, Dermol & Trunk, 2014) “The American Red Cross prevents & alleviates human suffering in the face of emergencies by mobilizing the power of volunteers and the generosity of donors.” (American Red Cross n.d.), is an example of a mission statement. The Mission Statement is the definition of the company, a short blurb that can be referred back to over the years to be a reminder of the purpose of the company. As Genaflek Marketing and RPZ Social Media Analytics merge into RPZ Social Media Marketing a mission statement will be most important in defining the new company. It should include the definition of ‘who’ they are as a company now, and ‘what’ plan they have for the future. Also providing a positive message showing respect to the history of Genaflek, but allowing RPZ Social Media Analytics to shine as the face of the future. “RPZ Social Media Marketing mission is to provide results-oriented advertising and marketing through all resources available. We provide strong marketing concepts and excellent customer services seeking to become a partner with our clients. We help your business formulate and execute a successful marketing strategy.”, is a possible...
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...Evaluation of a Business Code of Ethics Holly Danielle Murphy PHL 323 Ethics in Management September 20, 2010 Mary Carter Evaluation of a Business Code of Ethics The code of ethics for InnerCity Broadcasting Company may be found in any business as its code is very standard. In this paper I will identify the ethical system at play within InnerCity Broadcasting Company and discuss how the code of ethics is used within the organization. The paper will also identify the type of ethical system at play within the organization and include information in regard to the different departments and the code of ethics. Each member of the company will need to understand the entire code of ethics; however, they will find different uses for this code within his or her duties. Additionally, modification of the code of ethics will be discussed and any amendments will be identified accordingly. Finally, the reaction to the new amendments of the code of ethics by both management and employees will be discussed. The company was founded by Percy Sutton who purchased the first owned African American radio station in 1971. He believed that the best way to empowerment was through the media and politics (HarlemTorch, n.d.). According to InnerCity Broadcasting Company (2010), the mission statement of InnerCity Broadcasting Company states: “Our primary focus is on entertaining and informing our listeners and helping advertisers to better understand the benefits of promoting their products and service...
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...Ethics and Compliance David Livingston, Raul Lopez, Robert Morrison, Tyler Norwood FIN/370 Finance for Business University of Phoenix May 7, 2011 Joe Brennan Ethics and Compliance Even though there are federal rules and regulations governing work place behavior, what if there were no boundaries for ethics and compliance, would Amazon continue to follow the same procedures set by the federal laws to ensure ethical behavior within the work place. How does Amazon differ from other organizations when it comes to ethical behavior? One way is because Amazon adheres to a strict conflict of interest policy regarding customers, employees, and Amazon follows strict policies on record keeping and financial integrity. Team C will depict Amazon’s policy and procedures for ethical and SEC compliance, explain the function of monetary markets in the United States, and assess Amazon’s monetary performance for the previous two years by means of financial ratios. Team C will explain Amazon’s financial health in reference to the debt, return of equity, and daily receivable ratios. As part of their code of business conduct and ethics policies, Amazon established basic guiding principles to help steer their employees to do what is ethically and morally right to reassure their investors that they are doing what is right for the investors and the public. Of course Amazon must be in compliance with the governing (a) laws, (b) rules and (c) regulations set forth by local and federal governments...
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...Motivation is a driving factor in an individual’s work performance. Employers take this matter very serious because it would be a waste of money, time, energy, and expense to develop ones skills if not properly motivated. Many leaders believe to succeed in business motivation must be within their employees. In business each company must set a code of ethics. A code of ethics is a set of written guidelines issued by an organization to its employees and management regarding conduct of actions in accordance with its primary values and ethical standards. Wal-Mart’s Code of Ethics has specific functions. These functions for Wal-Mart are to provide its personnel, administration, and board of directors an orientation that abides by a business course of action, principles, and ethical standards. Development of the Code of Ethics helps Wal-Mart set the expected standard for daily activity. This evaluation focuses on Wal-Mart, which is the number one fortune 500 company in the world. General information about Wal-Mart along with its mission statement and ethical system will be included in this evaluation. Modification of the existing policy, effects of organizational culture, expected reactions from employees and managers, and the effect on the organization itself. Wal-Mart was developed in Northwest Arkansas in 1962 by Sam Walton with help from his brother J.L. Walton also know as Bud. The mission of Sam was to save people money that helped establish a better affordable lifestyle...
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...Statement of Ethics Statement of Ethics Table of contents Using the Statement of Ethics The 3 Basic Beliefs and Guiding Principles Introduction Who is Covered What Law Applies Associate Responsibilities Additional Responsibilities for Management Associates Discipline for Violations 4 5 6 6 6 6 7 7 8 8 8 8 9 Leading with Integrity in Our Marketplace Fair Competition Intentional Dishonesty Financial Integrity Insider Trading Restrictive Trade Practices 19 19 19 20 20 21 Leading with Integrity in Our Communities 22 Anti-Corruption Anti-Money Laundering Authority to Work Environmental Responsibility Health & Safety Protecting Personal & Business Information Government Contracts & Inquiries Political Involvement International Trade Media Statements 22 23 24 25 25 26 28 28 28 29 30 30 32 33 Raising Concerns & Speaking Up Ethics Opinions Waivers What happens How to Raise a Concern Leading with Integrity in Our Workplace 10 Alcohol & Drug Abuse 10 Harassment 11 Inappropriate Conduct 11 Non-Retaliation 12 Non-Discrimination 12 Wage and Hour 13 Conflict of Interest (COI) 14 COI – Financial Investments 14 COI – Personal Relationships with Suppliers 15 COI – Gifts & Entertainment 16 COI – Personal Relationships with Other Associates 17 Walmart Assets 18 Final Disclaimer Global Ethics Contact Information Ethics Committee Contact Information Index 2 A message from our Chief Executive Officer Mike Duke, CEO Dear friends, Walmart started out with a single...
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...Challenges in the Global Business Environment Code of Ethics Conduct Coca-Cola Company Richard Bonds Dr. J. A. Anderson, Sr. Date May, 31 2014 Abstract Coca-Cola Company or Coke s the largest distributor of soft drinks in the world. Businesses such as Coke and other corporations set a strict code of ethics laws to live by and operate upon. This paper will illustrate the code of ethics of Coke the industry leaders and two of its partners/competitors PepsiCo and Dr. Pepper/Snapple Co. and the similarities of their ethics code for operations as American multination companies. Coca-Cola Company or Coke is the largest distributor of soft drinks in the world. A successful businesses like Coke and other large corporations set a strict code of ethics laws to live by and operate upon. A brief look at the industries three largest leaders in the soft drink industry, with Coke being the front runner followed by the PepsiCo Groups and Dr. Pepper/Snapple Group all unique in their own way with a variety of products consumers have been using for nearly 100 years. All three companies born in the southern part of the United States has provided different brands names under different company logos worldwide. Coke has such names in the soft drink industry like Sprite, Minute Made, Fanta, Power Aide, an Simple Orange to name a few of the 3500 plus products they produce worldwide. The largest and closest competitor of Coke is a bit more diverse in the product...
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...Evaluation of a Business Code of Ethics Evaluation of a Business In this paper I will discuss Kaiser Permanente Hospital’s Code of Ethics and how it affects employees, managers, and the Board of the Directors. This hospital strives for compliance of professional and ethical standards it is to be followed by everyone working for the organization including contractors and vendors. This means to understand the code of conduct ensuring responsibilities to members, setting high standards to care, truthfulness, professionalism, responsible partnering, accountability and responsiveness, privacy and confidentiality to protect personal information. To help with compliance to these standards Kaiser has come up with the annual Corporate Compliance training program and within this there is the Principles of Responsibility Kaiser’s code of conduct. Kaiser’s healthcare reaches for excellence and sets the standard for healthcare reform in America. Kaiser serves about 8.6 million members at 35 medical centers and 431 medical offices across the country ranging from California to Washington D.C. The mission statement for Kaiser Permanente Hospital is a mission of providing high-quality, affordable healthcare and services and to improving the health of members and the communities Kaiser serves through preventive care classes known as the Thrive campaign which offers several programs promoting health and wellness. All physicians, employees, managers, and leaders have essential roles...
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...Business Ethics class and explain how would you apply those nuggets in your work place. ANSWER: Nuggets from the lecture Ethics defined as the study of right or wrong and as broadly as the general inquiry into what is good. Ethics examines the right or wrong within the context of moral duty. Business ethics is a form of applied ethic in business activity that examines ethical principle and moral or ethical problem that may occurred on business environment. It is applies to all business activity either to the conduct of individual or entire organization. Some business may have same issue related to the business ethic such as problem of product quality, transparency of the financial statement, environmental issues, human right, workplace quality and safety issue etc. In business a company shall create a regulation and code that will regulate the daily life and how business should perform in ethical way. Those we call it Code of Business ethic and Conduct. Code of business ethic and conduct for the company is very important to set up and regulate the life of company. It’s collection of principle in term how they believe and aims to live by. It is also reflected the corporate culture and its vision and mission of the company. How the code of conduct applied in Chevron which they call it “The Chevron Way”. The Chevron code of conduct built in line with their company’s vision and mission. Integrity is one of highest morality which they emphasize on their Code of Conduct...
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