Business Ethics: Ethical Philosophy and Challenges Faced by TJ Maxx

Introduction:
Business ethics generally study about the business
performance that should be act in the face of ethical
dilemma and work under different controversial
situations. This process includes different of
situations including the role of business issues and
more practices. The modern era of businesses is
basically work effectively to increase their market
share and manage varieties of reason in different
concepts. The very first reason to use business
ethics is to keep business activities within the
boundaries of law, ensuring that the people within
the organisation are not committing any activity
which is crime against the employees, customers or
any other parties (Abou Naaj and Nachouki, 2021).
This project includes some basic information and
ethical policies of the TJ Maxx, a departmental
store in clothing-retail industry. It is an American
departmental store that achieve lower prices than
others similar stores. The company has nearly 1000
stores in United State and they further try to
become it one of the major store within the country.
The company serve into the clothing, footwear,
bedding, domestic and giftware options into the
market to their customers. This report highlight
about the main reason for considering ethical in
nature for the respective company. Furthermore, a
brief discussion is made to achieve ethical
philosophy and major challenges that company
faced during implementing ethical strategies. In last
five major stakeholders are discuss and their role to
work effectively into the market.
Discuss which ethical philosophy the company follows
Ethical philosophy is the term which is very important for the
growth of the company in different manner and provide some
effective issues. TJ Maxx follow the different ethical practices
which are helpful for the company and make growth in their
market. The first link of the retail industry is helpful for
generating the link and make appropriate distribution chain and
manage the customer's effective point to achieve the view. Some
of the general philosophies are deontology, utilitarianism, rights
and virtues (Cooper, 2021). TJ Maxx work for their customers and
complete their all demand in ethical manners. They are following
the Deontology philosophy and work with different perspective to
make decision within an organisations. Some of the major ethical
philosophy that a company follow is approaches in different
sectors. These are explained below:
The company follow appropriate laws, rule and regulation to
provide appropriate company's act and different legal perspective.
All of these are helpful for generating different sectors to provide
conducting behaviour and customers with each others.
Another philosophy is to achieve obligation for the organisational
perspective to achieve employees success and make its impact on
the human rights and interest to their customers. The company
used to work and manage their safety and security within the
organisation's success.
They try to solve the conflicts and generate high level interest to
the employees for the growth of organisational perspective
(García, 2021). Company try to use customer informative data,
progress and appropriate personal benefits to achieve the
organisational perspective to the company. Company work under
the different circumstances and try to work with more effective
and appropriate challenges in the market.
Company use effective ethical practice for the growth in their
environmental perspective. Some of them are beneficial for the
society and manage their individual perspective to work
effectively in market. The company follow the perspective to
work and make ethical practices which helps to grow into the
market.
Business Ethics
The reasons why the company is considered ethical
The chosen company for this project is TJ Maxx, which is an American department company
founded in 1976 and its headquartered is in Framingham, US. In 2009, the company launched
their e-commerce website into the market and only sell their handbags that further expand the
size and include clothing, shoes and home accessories products. Fashion is the part of an
individual and show their perspective in different manners as people are living in the age of
individuation and self-expressive style (Alacovska and Bissonnette, 2021). When it comes to
ethical and sustainable development with the clothing retail industry, it feel overwhelming to
the organisation. TJ Maxx work effectively into the market and gain higher profit to work and
achieve systematic growth into the ethical clothing and accessories that are available for the
efficient price. The company believe in collaboration and ethical clothing industry. The
company provide their products at online and increase the brand image in an appropriate
ways. The company is using pie in building up the sustainable development practices to
achieve all the ethical consideration in different ways. Fashion make a positive impact on the
accessible and effective growth in their people and choose integrity at an effective and
affordable price. For strengthen the value of partnership the owner feel more grateful and
active to provide small brand to their valuable customers (TJ MAXX OF ETHICAL BRANDS,
2021). A great way to make more effective and ethical sustainable growth to simply achieve
the new clothing sector to work with the large amount of brand like H&M, Navy, GAP and
etc. and to support these brands and their values to achieve ethics in different segment
(Borglund and et.al., 2021). All of these aspect make a clear statement for working effectively
and manage perspective to achieve higher ethical standards and make systematic growth in
different channels. Furthermore, it is analyse that the use of sustainable and ethical
consideration are helpful for the company.