Contemporary Management Issue

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The second theory which I’m going discussed about is “Egoism Theory”. This can be supported where Wal-Mart organizations goal has been taken into main concern compared to their stakeholder’s significance and as an outcome, it can be seen in their approaches for accomplish their vision. In order to attract its customer, Wal-Mart locates their goal by provide low value for them and it is also another tactics to beat their competitors. Thus, Wal-Mart imposed many methods such import cheaper products, low production cost, no middleman involved to deal with products, give low salary for employees and etc. They even ignore if some of the strategies are aligned with rules and regulation (Hyde, 2015).

The third theory is about “Immanuel Kant’s Theory” where it is stated that everybody must encompass with the sense of duty and do right things. In this matter, Wal-Mart failed to obey and do things right particularly towards their workers, supplies, stakeholders and other communities. The organization should ensure to provide honest treatments and correct edges given to their staff as a responsible management. But, Wal-Mart carelessness towards its workers was terrible mainly in providing honest associated for their workers which ought to receive. To support these statements, Wal-Mart staffs just earn less than 20% of compensation than the average United State retail workers and consequently, it shows poor leaderships of Wal-Mart (Gandel, 2013).

The last but not least, “Feminist Ethics”, elaborates that a corporation ought to rate fellow feeling, healthy and harmonious social relationships, take care of each other and protect them for any harmful effect higher than other abstract principles. However, Wal-Mart organization appears to fail to observe this theory. These are seen in many incidents that slandered Wal-Mart name and conjointly plunge them in legal proceedings (Nussbaum, 2001).

Wal-Mart had imported of USD of 15 billion Chinese products every year to achieve the low cost value provider edges. However, this strategic had wedged the American industry’s productivity and employment chance. For an example, when Wal-Mart has deficit with China, it has reduce nearly two hundred thousand employment chance in United States. This shows that Wal-Mart had unnoticed its social responsibility towards the native communities. Moreover, the unfair treatment towards suppliers whereby Wal-Mart usually set the value to negligible that forces suppliers to make varied ways in which to fulfill demand.

However, there are steps which can be implemented to overcome those ethics based issue from keep happening gain. Over the years, Wal-Mart organization involving in drastic conflict within their stakeholders through multiple proceeding, fines, or other law enforcement issue. Since, globalization is captivating today’s economical world, Wal-Mart had began to clean its reputation, build constructive images within this new era. Supported the article, this can be as a result of Wal-Mart had completed that the Corporation must care its stakeholders so as to realize property business. There are many other problems involved in Wal-Mart and primarily will divided in classes like severe crisis parturient relations, community relations issues, and atmosphere issues, and miscellaneous issues etc. The basis reason behind the problems with Wal-Mart is that the Corporation tries to extend profits by minimizing their prices. Therefore, several internal policies are shaped to take care of this basic principal (Gustafson, 2016).

Wal-Mart ought to take instant and practical steps to reduce the labor issues and they must perform an authorized strategy to sustain their staffs. Wal-Mart had to supply high operating condition for the staff and consequently, Wal-Mart will increase 100% in wages and also the impact on its customers is concerning 0.9% of costs below Wal-Mart’s calculable savings to customers. In a different way, it is better to impose higher health care advantages for their staffs. Wal-Mart conjointly would like have higher, productive and clear relationship between staff and managements. The management also should consistent discussion with the staff to seek out their requirements. Wal-Mart must align internal policies with external policies to create higher relationships between staff and management.

Besides, Wal-Mart should also began to start out collaborates with native makers to enhance native economy and its support. This is often as a result of Wal-Mart encounter with court cases and disapproval from native retailers as a result of they were forced to shut. Wal-Mart must provide higher value and show their product within the stores despite the fact that this will slightly impact Wal-Mart’s revenue. Wal-Mart conjointly introduced the Global Sustainability Report as well as Ethical Standard Programmed to observe the ethics problems and accomplish to solve those issues. However, Wal-Mart has to be compelled in executing these programmed so as to stop scandals and ethical issues. Another management issue faced by Wal-Mart is gender discrimination especially women workers within the organization. Hence, the corporate must maintain and improve its Leadership Development Program by educate and guide the promising female staff to boost the careers within the organization (THOMPSON, 2017).

Furthermore, every employee should given chance to participate in diversity coaching with annual workshops regardless gender and ethics. The violations in terms of wages or Labor Laws are based on pressure for price saving, lack of correct coaching which resulted in unethical and prohibited practices. Wal-Mart has to be solving this problem to ensure that every store manager can receive intensive coaching at the division level on labor laws. While, the Ethics Officers ought to lean responsibility to put into operation the ethics program, train all the employees, and set up hotlines for staffs to voice out their problem and complaints based on unfair conduct in organization.

At the same time, Wal-Mart must deal with the atmosphere problems and implement essential role to guarantee a friendly environments for the local community. Wal-Mart by now has embarked on its goal as stated below:

a) Equipped 100% renewable energy

b) Form zero waste

c) Sell product that maintain the resources

One of the best strategies is by providing eco-friendly product within the stores and Wal-Mart can also make sure the reduction in terms of carbon and plastics as well as enhance the energy supervision. A strong culture of Wal-Mart has to be compelled to improve new standards of communication from higher Chief Officer