Business Ethics: Tesco and Walmart

Executive summary

Wal-Mart and Tesco are both multinational company specializing in retailing. They have a high impact on community as the company covers up almost half of the industry. The assignment is about how Wal-Mart and Tesco, practices their business and the effects of it towards their stakeholders. It also touches how ethical a company should conduct their business. The company way of doing business is also related with principles of ethical conduct.

Table of contents

No. | Title | Page |

1. | Introduction | 3-4 |

2. | Evaluation and comparison | 5-8 |

3. | Application of four relevant theories | 9-10 |

4. | Conclusion | 11 |

5. | Bibliography | 12-13 |

6. | CD | 14 |

7. | Turnitin report | 15 |

1.0 Introduction

1.1 Tesco

Tesco is a British owned multinational retailer headquartered in Hertfordshire, United Kingdom. Tesco is recognized internationally as they made their presence in 15 countries across the globe including Asia, Europe and North America region. The products available in Tesco ranging from their own brands which is Tesco extra, Tesco values together with the variations of other international and local brands. The tagline ‘because we care’ is aimed to provide consumers with the best and top quality products along with excellent customer services. Tesco initiated campaigns such as no plastic day with environment at heart. In addition, they are dedicated to transform its business with zero carbon by 2050 ( Tesco, 2013). With multibillion profits generated annually, it makes Tesco the second largest retailer in the world (Fresh & Easy Neighborhood Market Inc., 2013).

It all started in 1919, when Jack Cohen the founder of Tesco invested his £30 to buy excess food from the army to sell it from a cart in east of London. Starting up with the philosophy of ‘buy cheap, sell cheap’, he gains his first profit of £1 by selling £4 worth of goods. In 1929, he set up a small retail shop in north London (Clark, 2013)....