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Ethics in Management What is the status of ethics in management This is a very hard question to address in a three to four page paper because there is no definite answer As with many society-wide concerns ethics runs the entire spectrum of behaviors from Wal-Mart being very customer oriented and a friend of charity to those fly-by-night repair scams that tend to prey on the elderly When does a business cross the line from making a profit to stealing a profit That is a hard line to gauge Laws are designed to make that line a little clearer but laws cant out think the mind of man If a way can be thought of to make money it already has been or is being thought of Its where people are taken advantage of that we need to worry There are many business in place that simply prey on the people who dont know any better Whether its the feature on Prime-Time that shows elderly people tricked into phony home repairs or the local business that offered a friend of mine a computer at an inflated price with an outrageous financing plan some business practices are unethical What I will focus on today is not the clearly right or the clearly wrong but that vast amount of items that are in the middle Looking at more of a gray area Wal-Mart is generally viewed as an ethical company but even they have a reputation for unfair competition Wal-Mart has a marketing plan that targets smaller cities with large-volume discount stores While this may not appear to be unfair on its face many people have felt its negative effect When Wal-Mart moves into a market many of its smaller competitors go out of business Small business in small towns cant compete with the prices availability or selection of a huge conglomerate like Wal-Mart People in the towns dont have much of a choice Pay more for
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