Answer ALL thefolloiviiig questions.
Question 1: (20 Mar1‹s)
(a) Write an essay of around 1500 to 2000 words covering the background of Business Values & Management Ethics incoijaorated and practices by different global cultures. The written essay should have an Executive Summary complemented with the necessary background analysis on Business Values & Management Ethics where major organizational cultures al‘e discussed.
(b) Discuss and provide your point of view on why businesses fail to practice the management of Ethics in the workplace due to organization culture. The essay should be endilig with an overall conclusion & recommendations on how organizations can shift the operating model towards better Business Ethics.
Question 2: (20 Marks)
Write a descriptlve report Of 1000 to 1500 words on Environmental Ethics and Corporate Social Responsibility debating on the effects of CSR on Business Ethics. The report should be case driven where students can selCct annual report of any organization and focus on the CSR part and provide insights on how such non-financial metrics ill the annual report are impacting the business model.
Question 3: (20 Marks)
Organizations need to master the fundamentals of data etlâlCS where ethical compliance must become a key performance indicator for every employee who has c direct or indirect connection with customer data. Prepare a short essay report on the given topic highlighting your v’iev s and arguments towards how O1’ga1iiZatiO1âS Can take effective steps towards incorporating proper governance and key performance indicators to win the ethics battle.
Question 4: Corporate Rcsponsibility – Case Study (Mai ks 20)
Evei’yone is familiar with Wal-Mai-t. It’s one of the most successful companies in the world and operates thousands of stores across the U.S., with many international branches. The Wal-Mart Corporation employs more than a million people and is consldered to be the largest private employei in the United States. There is no doubt that Wal-Mart is a financial success. Their stocks have climbed steadily since 1970, when shares were offered at less than $20 each. Founded in the 1960s, Wal-Mart is one of the world’s largest retailer stores today.
So, it can be said that on one level, stockholders have benefited the most by Wa1-Mart’s success. On the other end of the spectrum, the consumer is rewarded due to Wa1-Mart’s low pricing structures. Wal-Mart offers elnployinent opportunities to youlig and old alike. Suppliers are provided with an ample source for their goods and the community itself benefits tlirougli a higher employment rate. On the surface, Wal- Mart seems to be a very positive influence on society in general, and since its inception, has defined its values as those that were “built upon a foundatlon of honesty, respect, fairness, and integrity.”
Unfortunately, Wal-Mart also has experienced several blemishes tlnoughout its history and is often cited for not living up to very high ethical standards. As a matter of fact, among employees, Wal-Mall iS llsted as one of the least-admired corporations to work for, and many haVG Gharged that Wal-Mart is deceptive and manipulative.
SAI Tareeqah Management Studies – 2020 3
One of tl. je most colnnion criticisms of Wal-Mart is the way it ti’eats its employees. While ev eryone can undeistand that the bottom liliC for any corporation is to control labor costs and to increa.se profit, Wal- Mart has been charged with pdying its employees consistently poor wages. Wal-Mart claims that it offers health care benefits to its full-time workers, but the fact remains that Wal-Mart employees must pay quite a bit lrore of their health care costs than employees who work for other corporations.
Another charge that is consistently leveled against Wal-Mart is that it pressures employees to work overtime without overtime pay. In some instances, former employees claim they were asked to work “off the clock.” Such claims can be heard in just about evcry town whei‘e a Wal-Mart is located.
V/al-Mart has been fined for violating child labor laws and the Arriericans witll DiSabilities Act. Management in a multitude o1’ Wal-Mail stores scattered throughout the United States have heels accused of sex cliscrimination against women employees, who claim they have been denied equal opportunities within Wal-Mart’s management infrastructure. InstCad, they have beCli stuck in low-paying jobs. This claim may (ae buttressed by the react that more than 70 percent of Wal-Mart employees are women, while men, hold liearly 90 percent of store managerrlent positions.
This single claim brought about one of the largest civil rights class action lawsuits in the state of Califori.ia. In 2004, a California federal judge ruled that a lawsuit on behalf of female employees of Wal- Mart could ) roeeed.
Wal-Mart also has been accused of hiring illegal aliens in a number of states, and has actually’ paid them less than minimum wage, no medical benefits and denial of overtime pay.
Question 1:
it is easily uiiiJerstood i! at, v !ii ie V:’a1-Plan, as a whole, on ores erriployment and benefits 1or many coiiiinunities, ii aic›o has a clo .Vllside. This dilemma causes one to wonrler, what ice tire proper role of liusiness management within the comrm!nity? Even tfirtlier, what is the proper role of business v•iihiii sc›ciety’?
Question 2:
Business managers do have a responsibility to earn a profit for stockholders, but at the s‹irne time, also iiave the ethiCal l’Osponsibility to customs.rs, employees, and suppliers. Which is more important explain?
Question 3:
So what do you think? Does M’al-Mart have responsibility to every(me’? From cusioireis, to sidi›pliei s, to employees, to stockholdel’s: Tliilik about how War-Mart personifies t1it• i ‹.aportance of business and etiiics practicecl by a single cor ovation. Who ultimately pays for Wa1-L4ar t’° *’»’ i»rices?
CAI Tareeqah h4anagen›ent Stu die.s -2020