Ethical Issues Of Target Corporation - 2478 Words

Target Corporation is an American retailing company, founded in 1902 and headquartered in Minneapolis, Minnesota. It is the second-largest discount retailer in the United States. The company is ranked 36th on the Fortune 500 as of 2013. The first Target store was opened in 1962 in Roseville, Minnesota. Today Target operates 1,934 stores in the United States with over 347,000 team members worldwide. Ethics Ethics, in business, refers to moral principles and standards that define acceptable behavior in the world of business. Ethical decisions foster trust among individuals and in business relationships. Recognizing ethical issues is important in the workplace. An ethical issue is an identifiable problem requiring a person or organization to choose from among several actions that may be evaluated as ethical or unethical. When you’re determining is a situation is ethical or not, there are three factors to take into consideration. Individual factors, organizational factors, and opportunity. Individual factors are sets of principles that describe what a person believes are the right way to behave. Organizational factors include the influence of managers, coworkers, and the work group. Opportunity is a set of conditions that punish unfavorable behavior or reward favorable behavior. â€Å"Target thrives on competing to win in the marketplace. We compete and negotiate active ly, but always with integrity. Taking advantage of anyone by manipulating or concealingShow MoreRelatedEthical Guidelines Should Corporations Follow When Using Social Media Marketing1392 Words   |  6 Pages What ethical guidelines should corporations follow when using social media marketing? What exactly does this question mean? It means that corporations should use good judgment when using social media for marketing. Corporations should not take advantage of their consumers by being unethical with their choice of how to market themselves through social media. According to Vinjamuri, there are five main unethical behaviors of corporations when they utilize social media marketing (2011)Read MorePersonal Ethical Standards And Corporate Culture Essay1480 Words   |  6 Pagescorporate culture. Personal ethical standards should be aligned with the company’s values and goals, especially as people move up the organisation hierarchy. Although the majority of organisations behave ethically, sometimes organisations break away from ethical standards for a variety of reasons. This document will discuss personal ethical standards and corporate culture. It will describe how businesses don’t always behave ethically and how this damages personal ethical standards. It will give examplesRead MoreSocial Engineering1052 Words   |  5 Pagesresearch paper is primarily based on information gathered from secondary sources explaining what the term â€Å"social engineering† is, how it is perpetrated, and the impact it has on individuals and corporations. It will also discuss ethical issues and action that can be taken by both individuals and corporations respectively to mitigate and minimize the risk of social engineering attacks. Social engineering, in the context of information technology, is defined as â€Å"gaining unauthorized access or obtainingRead MoreCompany Code of Ethics Essay827 Words   |  4 PagesEthics The Company code of ethics will cover all employees within our organization. The Code of ethics is essential for corporations today to remain in business and abide by their federal and state government regulations. Ethical training programs will exist ever corporation and are given to each employee usually the first day of employment and renewed on the annual basics. An ethical conflict occurs when people will encounter situations that they cannot easily control or resolved. In such situationsRead MoreSuccessful Marketing Strategies Essay1019 Words   |  5 Pagesadvantageous for some businesses (EStartup business blog and contributors, 2010). Identified will be the role that marketing plays in a successful business demonstrated by use of two examples, the importance of developing a marketing plan, and ethical and legal issues that surround marketing practices (EStartup business blog, 2010). To be a successful business, the owner of the business should use the marketing mix and the results of market research; having identified its key audience a company has toRead MoreBackground Information: The Tolapp Corporation1223 Words   |  5 PagesTolapp Corporation 1. The Tolapp identity and mission statement The Tolapp Corporation has been a long lasting presence within the American market place, creating a wide array of products, such as power tools, lawn furniture and lawn mowers, microwaves and so on. The companys business model is focused on the in-house manufacturing of the items, and their retail through established retailers, such as Wal-Mart, Sears or Best Buy. The company as such does not engage in direct sale efforts, butRead MoreMarketing Is The Core Of Communication Between A Corporation And Its Target Audience1428 Words   |  6 PagesMarketing is the core of communication between a corporation and its target audience, facilitated by widespread consumption and significantly influenced by consumer demand. It also serves as a platform that allows a company’s message to exploit media platforms in the attempt to gain a successful customer response and induce behaviours that will propel economic expansion. Despite the indisputable benefits of marketing to companies and c onsumers, the occasional antagonistic motives behind its evidentRead MoreCsr Continues To Gain Awareness As Globalization Offers1616 Words   |  7 Pagesdifference in their communities. Consequently, as Target continues to increase its efforts toward CSR activities to remain competitive, so does its competitors. For example, similar companies that compete directly with Target include Walmart and Costco. However, Target’s consistent activities toward CSR are in line with its competitors (See Table 3). Therefore, to maintain its competitive advantage, Target must continue to review its business and societal issues. For instance, it should work with its stakeholdersRead MoreCorporate Strategy Of The Business Diversification1608 Words   |  7 Pagesperformance under a single umbrella rather than diverse business units (SNU, 2016). A business diversification is to build the company shareholder value when the independent business units can perform under a single corporation as an umbrella organization instead of independent parents or a corporation. A diversified organization has many business units and each business units have its own business level strategy irrespective of whether they are related or not. A successful business diversification not onlyRead MoreWhy Toshiba Is Getting Hit With A Record Fine1599 Words   |  7 Pagesrevealed accounting discrepancies totaling 58. 9 million dollars. Well known for various home electronics (TV, VCRs, etc.) and household appliances (dishwasher, washing machines, etc.) the Toshiba Corporation has been operating since 1875. An analysis of what happened to Toshiba demonstrate a lack of ethical standards in leadership, transparency, and finance. Leadership The corporate culture dictates how employee’s behavior and that old saying â€Å"lead by example† did not apply for employees working