The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c
1. Corporations should not migrate to other countries to buy land in order to evade the ban. In general terms, this behavior and example of DDT use in Mexico is causing damage to the Ecosystem that is defined as "composed of living and nonliving elements, it's a web of balanced interactions allowing the continuation of each element (Business Ethics,2012,p.707). Corporations thinking in profits framed in the concept: the end justifies the means , justifies the lack of social responsibility. 2. Corporation should protect the ecosystem showing its Corporate Social Responsibility towards all kind of workers, Americans, Mexicans etc. The potential danger of the pesticide should be communicated to all the stakeholders and community in general. Corporations should have the sustainability model (Business Ethics,2012,p.731) protecting both persons, animals and environment. 3. In all sense, corporations that manufacture DDT have a big social responsibility with those countries that do not ban the use of this pesticide. The DDT a pesticide used first to control typhus and malaria, and then used by farmers as insecticide for agriculture, has been in a large controversy and USA banned its use in agriculture in 1972. The Stockholm Convention on Persistent Organic Pollutant, in 2004 put a global ban on several persistent organic pollutants, and restricted DDT use to vector control. The Convention was ratified by 170 countries, however they recognized that total elimination of DDT, would be unfeasible in countries malaria-prone. One resolution of WHO (World Health Organization) committed to the need to reduce and finally eliminated DDT (WHO,2011). In conclusion corporations that manufacture and sell DDT have ethical responsibility and should better start to reduce the manufacture and finally to stop the production of DDT. References: Business Ethics(2012). Chapter 14. The Green Office: The Economics and the Environment. Creative Commons, nc-by-sa 3.0 WHO(2011).DDT and Its Derivatives: Environmental Health Criteria. Monographs No.83 |
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