ipl-logo

Best Buy Ethics Paper

469 Words2 Pages

The Best Buy sells commercial electronic goods (computers TVs cell phones and entertainment systems) to consumers with quality not quantity. Best Buy stores locations consist of 1026 locations around the country and employs hundred and 125,000 full/part time employees. Best Buy also has a part of the World Wide Web with their online website for sales of commercial electronic goods and has some success in this market also. The Best Buy’s goals selling their quality products to customers through a friendly and ethical sales strategy. This code of ethics which is the trademark as an employee of Best Buy continues to serve employees consumers and the community alike. Paula Baker, chief human resources officer and contact point for Best Buy’s human …show more content…

Best Buy hiring and the molding of employees is conducted by having great management and a system that is different than most companies. An employee need to the company will start at the bottom and be trained on how to sell the products in a traditional manner which is not by commission or pushy sales practices by promoting products and services to make the customer/customers family happier and entertained. 2. Best Buy will give its employees proper training, benefits packages (insurance, vacation time, sick leave and other benefits) that are competitive and within state and federal laws and regulations. This includes being in EEO, labor and respecting basic human rights through their code of ethics policy. 3. Through these practices using their code of ethics policy and training practices keeping their employees, customers and community happy through their products and service the employees job satisfaction and morale in the workplace will be higher than other retail chains. This so make less turnover of employees and higher quality employees/management. Best Buy hires generally are individuals seeking first or second jobs new to the job market (high school, college and first jobs for experience). 4. Best Buy also is a very environmentally and community friendly company to work for Examples of Best Buy’s benefits package for employment: • health and life insurance which includes dental and vision

Show More
Related
149 Words | 1 Pages

In the Costco code of ethics, Costco said they conduct their business with the code of ethics. First, it is obey the law. Then, they take care of their members, employees, and suppliers. Last, they reward their shareholders. Law is the most basic need of ethics.

Read More
475 Words | 2 Pages

Learning Journal Unit 8: Managing Ethics University of the People BUS 3306 - Business and SocietyDr. Firdous Ahmad Maliki, Instructor August 10, 2023 Analysis of Wells Fargo's Ethical Challenges and Solutions Introduction Ethics play an important role in running a business, ensuring its long-term success, reputation, and stakeholder relationships. The Wells Fargo case study highlights the importance of ethics in business operations and examines the values demonstrated by former CEO John Stumpf, the impact they had on the company's culture, and why inadequacies in existing systems did not prevent unethical behavior. Issue 1: The Values Mr. Stumpf Demonstrated and Their Impact

Read More
836 Words | 4 Pages

Learning Journal Unit 5 – Business Ethics The article I picked for this learning journal discusses Amazon and how it, apparently, tend to position its own products and those of its FBA (fulfilled by Amazon) partners on tops of the search listings. A point worth mentioning is that all these FBA partners pay a fee to amazon for their use of the American e-commerce giant’s services and warehouse. The fact is that for themselves as well as for their paying-partners, the delivery costs (if any) are not taken into account to appear on top of the search results.

Read More
503 Words | 3 Pages

According to Businessinsider.com, Walmart has over 1.4 million employees in the United States alone. That’s a lot of people who are able to bring home money to their families every day. Despite the low salary and rumors of poor treatment of staff, people need money to survive in today’s society. Working at a Walmart can be a great step for working people to get the experience they need for higher paying positions.

Read More
416 Words | 2 Pages

In the article “Why Best Buy Co Inc Stock Shows Promise Again” states that Best Buy is making investments to upgrade the operations with special focus on developing and strengthening partnership with vendors. It is important that this company continues to strengthening their partnership, this will help increase their sales in the store and online. This article also states that “Renew Blue initiative also seems to be progressing well and achieved tremendous success in fiscal 2016”. The company intends to improve over the next three years by 400 million dollars. If the stocks continue at the rate they are, then they will reach what they plan on within the next couple years.

Read More
515 Words | 3 Pages

Customers can go into a best buy store and can get assistance with upgrading their phone in the store’s mobile department. The retail side of the business works with supply chain unit to ensure that all stores; whether they are company owned or retail stores are stock with the latest products that are most popular and customer demanded (AT&T, 2013).

Read More
173 Words | 1 Pages

United Technologies is focused on the most astounding guidelines of morals and business conduct. This includes their association with their clients, their suppliers, their shareowners, their rivals, the groups in which they work, and with each different as representatives at each authoritative level. Our Code of Ethics, included our Corporate Principles and these Standards of Conduct, oversees our business choices and activities. The Code is a declaration of major values and speaks to a system for basic leadership. The Code is further clarified and actualized in approach brochures and arrangements incorporated into the Corporate Policy Manual.

Read More
1764 Words | 8 Pages

Company X Ethics Program Part A: Standards and Procedures All employees are required to adhere to the same behavior and conduct while working at Company X. The general conduct defined within this policy are your responsibility to Company X and to your fellow employees. A functional ethics program requires employees to abide by certain rules of behavior and conduct. Company X has developed a standard ethics program to ensure employees know what is expected and necessary while employed at Company X. Not only will our organization grow as a company, relationships within the company will flourish, when all employees can depend upon fellow workers to follow the rules of conduct.

Read More
766 Words | 4 Pages

This may be executed through employee benefits, payroll, or just plain treatment. If the workers of the company are treated fairly, then this will be reflected onto their work skills and they will be more willing to satisfy the customers, which in turn increases profits. This reiterates Howard Schultz whole perspective on what he wanted to achieve with his company, Starbucks. He wanted to give his employees the benefits and pay his father never received when he was growing up. This has helped his company flourish and even generate a low turnover

Read More
203 Words | 1 Pages

If one is investing with the goal of getting a return, then the Best Buy is a better choice over Amazon. An important measurement of profitability is Earnings per Share. For EPS, the edge goes to Amazon (5.00) over Best Buy (3.86). The Price-Earnings Ratio essentially shows if the stock is properly priced. Amazon (149.9) is clearly overvalued while Best Buy (11.3) is fairly valued, potentially even undervalued.

Read More
343 Words | 2 Pages

Best Buy is one of the worldwide leading in consumer electronics and appliances retail. It has over 1,900 store locations, plus large-format and Best Buy Mobile stores with over 160,000 employees and over $40B in annual revenue and 11th largest retail website in the United States. Best Buy maintains is market share to be the largest in the electronics and appliances section with 16%, which beats Amazon with 4% and Wal-Mart stores by 15%. Best Buy is a big box store in the electronic retailing business and its other businesses competing with is Amazon, Target, and Wal-Mart. The electronic retail business is differentiated from other businesses that sell electronics which created on the physical size of the stores.

Read More
541 Words | 3 Pages

Walmart is known for treating its employees poorly. Employees of Walmart get paid minimum wage, have no benefits and are easily dropped by the corporation if it sees fit. On the flip side the Waltons are some of the richest people in America and the shareholders are not too far behind. At Walmart's shareholder conventions the scene nearly looks like a party with shareholders from around the world chanting Walmart. They take on an erie feel, almost as if they were all brainwashed into thinking they are doing good in the world by holding on to Walmart stocks.

Read More
922 Words | 4 Pages

Lower prices were achieved by price matching; customers are offered the same price they find online for identical products. Best Buy did a good job of remaining relevant and drawing customers into stores. However, they also intertwined their online sales into the stores profits. Most online orders are now picked up either in store or are shipped from a store. This increases store profits even though nobody actually stepped foot inside a store (FoxBusiness,

Read More
232 Words | 1 Pages

Depending on the sales of the luxury products such as video games rather than the necessities products is considered one of the Best Buy’s problems. That is because the company’s sales

Read More
761 Words | 4 Pages

Ethical Decision Making Ethical business practices depict those guidelines that determine the right and wrong within a company, and are affected by organizational culture. It is notable that these practices influence how various operations are carried out including the selection, evaluation, and application of business models. Mostly, business ethical practices are integrated with Christian worldview to assess, select, and utilize appropriate business model in businesses. How Ethical Business Practices Impact the Evaluation, Selection, and Application of Analytical, Quantitative Business Model Ethical business practices play an important role in the assessment, selection, and application of a systematic, quantitative business model. First,

Read More

More about Best Buy Ethics Paper

Open Document