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Evaluation of a Business Code of Ethics

Wal-Mart has been one of the trademark successes of a retail business. We have seen Wal-Mart in any growing community in the United States (U.S.) as well as globally. This paper will discuss the business ethics of Wal-Mart that will cover evaluation and analysis of the problem-solving process used by Wal-Mart together with their decision making–processes. Wal-Mart was founded by Sam Walton on 1962 with the first discount store in Arkansas. Sam Walton saw the potential of retail store and eventually continued the empire of building different stores in the United Sates. Ethics plays a big role in the way Wal-Mart conducts their business. Wal-Mart, as one of the biggest business company in the world today, always believe in the three basic principles - respect for the individual, service to the customers, and strive for excellence. Wal-Mart actively follows the mission and ethical program designed by Sam Walton, the founder of Wal-Mart, values of saving customer’s money so they can live better. The foundation of Wal-Mart lies on every customer, associate, director and supplier. The organization’s focus is to build relationships and to emphasize the value of respect within the company as well as the community and suppliers. Code of ethics is a set guidelines used by any organization to establish an acceptable behavior for the members of the organization to follow. As in the case of Wal-Mart, the mission and basic beliefs of the organization makes them unique among their competitors. According to the message of the current President and CEO of Wal-Mart- Mike Duke, “associates in all areas and levels of our business are responsible for understanding and complying with our Statement of Ethics.” (Wal-Mart, Statement of Ethics). Wal-Mart’s Statement of Ethics defines the role of the key individuals in the organization in

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