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    Walton's Six Model of Business Conduct

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    R INDU SHEETAL
    The document discusses six models of business conduct classified by Walton: 1) The austere model prioritizes ownership interests and profit above all else. 2) The household model emphasizes employee job security, benefits, and paternalism. 3) The vendor model focuses on customer interests, tastes, and rights above other concerns. 4) The investment model views the organization as an entity and focuses on long-term profits and survival as well as social and economic investments. 5) The civic model sees the organization as a corporate citizen that accepts social responsibility beyond legal obligations. 6) The artistic model encourages organizations to serve as a creative instrument for advancing civilization and quality of life.

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    Walton's Six Model of Business Conduct

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    R INDU SHEETAL
    667 views2 pages
    The document discusses six models of business conduct classified by Walton: 1) The austere model prioritizes ownership interests and profit above all else. 2) The household model emphasizes employee job security, benefits, and paternalism. 3) The vendor model focuses on customer interests, tastes, and rights above other concerns. 4) The investment model views the organization as an entity and focuses on long-term profits and survival as well as social and economic investments. 5) The civic model sees the organization as a corporate citizen that accepts social responsibility beyond legal obligations. 6) The artistic model encourages organizations to serve as a creative instrument for advancing civilization and quality of life.

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    The document discusses six models of business conduct classified by Walton: 1) The austere model prioritizes ownership interests and profit above all else. 2) The household model emphasizes employee job security, benefits, and paternalism. 3) The vendor model focuses on customer interests, tastes, and rights above other concerns. 4) The investment model views the organization as an entity and focuses on long-term profits and survival as well as social and economic investments. 5) The civic model sees the organization as a corporate citizen that accepts social responsibility beyond legal obligations. 6) The artistic model encourages organizations to serve as a creative instrument for advancing civilization and quality of life.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    667 views2 pages

    Walton's Six Model of Business Conduct

    Uploaded by

    R INDU SHEETAL
    The document discusses six models of business conduct classified by Walton: 1) The austere model prioritizes ownership interests and profit above all else. 2) The household model emphasizes employee job security, benefits, and paternalism. 3) The vendor model focuses on customer interests, tastes, and rights above other concerns. 4) The investment model views the organization as an entity and focuses on long-term profits and survival as well as social and economic investments. 5) The civic model sees the organization as a corporate citizen that accepts social responsibility beyond legal obligations. 6) The artistic model encourages organizations to serve as a creative instrument for advancing civilization and quality of life.

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    The Structure of Ethical Dilemma

    Doing

    Doing what is A bad outcome or


    Either Results in
    morally right bad effects

    Good or at least
    Doing what is
    Or Results in better effects or
    morally wrong
    outcome

    Walton Six models of Business Conduct

    All businesses must meet certain standards of law and minimum cultural
    standards. All are further influenced by the general cultural aspects of their time.
    But in spite of these tendencies uniform conduct, there are important differences
    among business. Each has its own personality, as each human being does.
    These organizational differences are reflected in company codes of conduct and
    they do produce different results. As a guide to understanding different types of
    business conduct, Walton classifies six models of conduct. Those are Discussed
    bellow:-

    (a) The austere model: It gives almost exclusive emphasis to ownership interest
    and profit objective. In this model, a business firm exclusively emphasizes
    owners ’ interest and the profit motive.

    (b) The household model: The concept of extended family this model


    emphasizes employee job, benefits, and paternalism. The firm adopting this
    model employs a paternalistic approach with its employees.

    (c) The vendor model: In this model, consumer interest, tastes, and rights
    dominate the organization. In this model, the interests and rights of customers
    are given top priority.

    (d) The investment model: This model focuses on the organization as an entity


    and thus on long-term profits and survival. Social investment is given recognition
    along with economic investments.
    (e) The civic model: its slogan is corporate citizenship. It goes beyond imposed
    obligations, accepts. This model makes a positive commitment to social needs its
    slogan is corporate citizenship and social responsibility is accepted.

    (f) The artistic model: This model encourages the organizations to become


    creative instrument serving the cause of an advanced civilization with a better
    quality of life. Creative ideas are generated and used for this purpose.

    The six models may be thought of as points on a continuum from low to high
    social responsibility.

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