Moral Ethics Of Business Entities Toward Society - 1496 Words

Moral Ethics of Business Entities Toward Society Introduction The purpose of this documentary study is to analyze the ethical and moral action of Wal-Mart, one of the biggest retailer corporations in the United States, towards society and its employee. The â€Å"Wal-Mart: The High Cost of Low Price† is a documentary movie directed by Robert Greenwald and released in the market on November 4, 2005. Being the biggest competition of the retail industry toward the small local business owner, Wal-Mart claims to be one of the reasons why local small businesses are out of the market. Despite the low price that they provide for the market, Wal-Mart continues as one of the most suspected evils in the United States retail industry. The film is†¦show more content†¦Wal-Mart is accused of bringing down retail wages, up to $3 billion dollars per year. Furthermore, the interview continues by interviewing several managers and employees who previously worked for Wal-Mart. The manager claims that the high sale numbers drives Wal-Mart employees to work an extra hour. The CEO of Wal-Mart claims that the company provides many job opening opportunities and they provide the employee with competitive wages and benefits. Opposed to the CEO claim, Wal-Mart employees stated that their hourly wages are low, about $7 per hour. The benefits, particularly health care benefits, are not affordable for the Wal-Mart employee. The company avoids hiring a fulltime worker to minimize their cost of the benefits. Workers are forced to use government assistance to support their healthcare, food supplements and housing. Wal-Mart’s work ethic towards foreign workers are claimed to be inhumane. A couple of factory workers from China describe their work environment, wages, and standard of living conditions. Workers are intimidated into covering up their actions towards workers’ rights. Few managers are interviewed and admit to some illegal activities like manipulating the system in order to avoid paying over time. Utilitarianism Theory In the business world, when ethics meet with profit, the moral value often shifts. Companies are eager to maximize their profit and neglect to frame anShow MoreRelatedBusiness Ethics : Ethical And Ethical Issues1737 Words   |  7 PagesBusiness ethics examines ethical principles and moral or ethical problems that arise in a business environment. Business ethics often encompasses many concerns such social responsibility, sustainability, labour practices and environmental development. Business ethics as a concept fundamentally applies to all aspects of business conduct and is relevant to the behavior of individuals and entire organizations. 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