Signature Project Business & Marketing Essay Paper

Signature Project Sample
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I nominate Walmart one of the largest retail store in the United States for having strong ethical and transparent practices in their organization. Its leadership structure is at the forefront of aiding in the ethical practices and to that effect, they have a Global Ethics & Compliance Program that is mandated to ensure ethics and transparency compliances, led by a Global Chief Ethics & Compliance Officer (CECO) who reports to the company’s Executive Vice President of Global Governance and Corporate Secretary CITATION Glo19 \l 1033 (Global Ethics & Compliance, 2019). They also have ethics and compliance committees made up of members of the management and other senior executives. Their aim is to analyze the ethical situations in the company and offer solutions to increase the transparency and avenues for support in the company. The company is motivated to creating awareness and training their employees to comply with the ethical requirements of the company. They also have avenues where the employees can voice their concerns and displeasure. The seriousness with which Walmart strives to comply with corporate social responsibility makes it the organization to showcase ethical and transparent values.
Corporate social responsibility is among the rules that a company is supposed to comply with and it involves positively contributing to social requirements. Walmart ensures that it complies with laws that protect the consumers locally and globally and ensure that they provide services and products that satisfy the consumer's expectations. They achieve this by communication to their customers through advertising where they assure the customers of their competent service and quality products. They are also transparent and fair in their pricing of the products whereby the prices being advertised or located in the shelves match the ones that are charged at the checkout. The products are accurately measured to ensure that the consumer gets the right value for their money. Other practices such as transparent warranties, convenient online shopping and age restrictions on some products solidify the trust and loyalty of the consumers. CITATION Gha18 \l 1033 (Ghamdi & Dalain, 2018)
Walmart is determined to create an anti-corruption environment and it has a program that helps in maintaining the integrity of the retail chain. The company has policies that prohibit anyone involved in the company from staff to management from the offering, receiving or giving something of value in exchange for another favour with the use of the company’s name. The staff tasked with monitoring and assessing the risks are trained to effectively identify and remedy the issues that can jeopardize the integrity of the company. Third-party associates are also required to follow the policies and there are audits that are conducted to ensure that the company is well represented in their respective regions. Walmart is also committed to ensuring that its name and resources are not being used to facilitate money laundering services. There are certain standard procedures that are followed in ensuring that financial activities in the company are monitored and cont...