Business Ethics in TJ Maxx: Reason, Philosophy, Challenges, Strategies, and Stakeholders

Business Ethics
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Table of Contents
Introduction.....................................................................................................................................3
Main Body.......................................................................................................................................3
Main Reason for considering TJ Maxx Ethical..........................................................................3
Ethical philosophy does the respective company follow............................................................4
Ethical challenges and strategies while following ethical consideration....................................5
5 key stakeholders for your chosen company and discuss their role..........................................6
Conclusion ......................................................................................................................................7
References.......................................................................................................................................9
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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.
Main Body
Main Reason for considering TJ Maxx 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
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