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Ethics - Essay Example

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The case is about Walmart who longed to build in Elda Pineda’s alfalfa field which was an ideal location just off the town’s bustling main entrance and hardly a mile from its…
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Ethics The ethical issue chosen to be discussed under this essay is Walmart’s Bribery Scandal in Mexico. The case is about Walmart who longed to build in Elda Pineda’s alfalfa field which was an ideal location just off the town’s bustling main entrance and hardly a mile from its ancient pyramids which were likely to draw tourists worldwide(DInnocenzio 1). Later on Walmart was accused of paying bribes to win permission to open new stores fast. The bribe is estimated to have totaled more than $24 million (DInnocenzio 1).
The impact of this ethical issue to the local community was that the company had to deal with a major blow to this reputation given that it is the world’s largest private employer with approximately 2011 sales of $421.85 billion (Brown and Mitchell 592). The scandal prolonged the struggle within the company that pitted publicized commitment to the highest moral and ethical standards against its relentless pursuit of growth. The company lost customers due to the scandal and it is working hard to rev up growth in its U.S. business (DePree and Jude 21). For instance, it is tailoring merchandise to clusters of stores which can attract similar shoppers it had before. At the company’s Sam’s Club division which saw its small business members increasingly strapped, the company lowered its prices on key items to attract customers back (Brown and Mitchell 596). The company is also working hard overseas to increase profitability and sales in markets like Brazil and China.
The impact of this ethical issue to other stakeholder groups like Fayetteville Ark who are the company’s executives are expected to make the case to improve the way the company does business overseas as well as outlining new growth opportunities at the world’s largest retailer (Dharmendra & Haikm 1). The company’s stakeholders have faced increased scrutiny from investors over how it has handled allegations of bribery in its Mexican operations which surfaced like a year ago (Heinman 13). Activist shareholders of the company have been denied a chance to vote out the board members like the descendant of the company who is the founder and owns around 50% of the company’s shares (Anja 1). Despite this, the fact remains that the growing dissent has shown a loss of confidence wit the board. The company’s customers and stakeholders no longer have the confidence they had for the company before it was involved in the scandal.
Works Cited
Anja Manuel. Lessons learned from the Wal-mart de Mexico scandal: How not to let this happen to you. 2 April 2012. 11 June 2014.
http://www.ricehadleygates.com/pdf/Wal-Mart_De_Mexico_Scandal.pdf
Brown, Michael E. and Mitchell, Marie. S. "Ethical and Unethical Leadership: Exploring New Avenues for Future Research", Business Ethics Quarterly 20. 4: (2010): 583-616.
DePree, Jr. Chauncey M. and Jude, Kiplin R. "Daily Practice: Ethics in Leadership", Contemporary Issues in Education Research, 3.7 (2010): 19-24.
Dharmendra Kumar & Haikm Singh Rawat. Ethics Complaint filed with Walmart’s Global Ethics Office. New Delhi, India: Hawkers Joint Action Committee, 2013. Print.
DInnocenzio, Anne. Walmart Bribery Scandal under Investigation by Department of Justice since 2011: Report. 6 Oct. 2012. 11 June 2014
http://www.huffingtonpost.com/2012/04/24/walmart-bribery-scandal-u_n_1448521.html
Heinman Ben W. Who’s Responsible for the Walmart Mexico Scandal? Harvard: Harvard Business Press, 2008. Print. Read More
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