Sunday, October 17, 2010

Ethics and Social Responsibilities

Wal-Mart aims to be a leader in their industry on all fronts, even on the side of social and ethical responsibility. When Sam Walton founded Wal-Mart in 1962, he instilled values that are still carried through into today’s line of business, his three basic beliefs were, “respect for the individual,” “service for the customer,” and “strive for excellence.” Going along with that thought, Wal-Mart created the Global Ethics office to promote their culture to all of their stakeholders around the world.

Wal-Mart also has in place an ethical standards program, this program is to ensure that all Wal-Mart factories, warehouses, distribution centers, and stores across the globe follow a set of rules for all workers to adhere to promote a better work place environment, and a better life for all. Not only do these rules have to be abided by Wal-Mart run locations, but also by all of the suppliers who sell items in Wal-Mart stores. Wal-Mart is committed to the ethical treatment of workers in al aspects of their business. Covalence is a company that researches and tracks the ethical reputation of international companies, when the last report came out, Wal-Mart was ranked third amongst thirty-five other international retailers as more socially responsible.

http://walmartstores.com/AboutUs/280.aspx

http://walmartstores.com/AboutUs/279.aspx


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