Business Ethics: An Analysis of TJ Maxx (ORGB60390) Practices

This report provides an analysis of TJ Maxx's business ethics, examining the reasons for considering the company ethical, the ethical philosophies it follows, and the challenges faced while implementing ethical strategies. It identifies five key stakeholders—business associates, customers, investors, government, and suppliers—and discusses their roles in upholding business ethics within the company. The report also highlights the company's efforts to address issues related to supply chain management, human rights, and transparency. Strategies such as strong leadership, competitive pricing, and offering unique products are discussed as ways TJ Maxx overcomes ethical challenges and strengthens its brand image. The report concludes that ethical business practices are crucial for the company's growth and outlines the importance of acceptable behavior in achieving market success.

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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provide their products at online and increase the brand image in an appropriate way. 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 feels 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.
Ethical philosophy does the respective company follow
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.
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 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.
Ethical challenges and strategies while following ethical consideration
When it comes to the following an ethical strategies most of the companies are able to
work and make growth in different sectors. This is very important for the organisation to work
and make social movements to achieve effective events to promote and focused on the ethical
workplace practices. TJ Maxx has found different issues which are faced by the company in the
past activities. Some of the problems arise are explained below:
 The very first problem or challenge the company faced is to lie in the nature of different
supply chain. The company is using their maximum raw material from the suppliers and
work effectively into the market (Jain, 2021). In starting is is good to deal with their
suppliers but now the changing nature of global market in clothing retail industry will
decline the prices and revenue of the company.
 Another issue which the company faced is the human rights activities that are used to
manage human price and work with the low factors growth within Los Angeles and
South-east Asia. This would lead to miscommunication or mistrust in-between employer
and employees of the company. Many of the outlets of the company found doing poor
treatment which has make an effective standards in Southern California.
 They are having issue in making more transparent supply chain just like the their other
competitors. Furthermore, TJ Maxx work to defy the laws and have the low profit ratio
into the markets. It is very famous and tight-lipped to manage strategies and make report
in different channels.
 The company had different challenges which are associated to their supply chain, poor
workers conditions and work to manage reputation in shop floor that is related to work
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and provide employee's growth to nudged the Walmart efficiency and manage a raise
sector in their dismal performance to gain a fair wage and success into the market (TJ
Maxx Accused of Shady Labor Practices, 2021).
In order to overcome the above mentioned challenges, company using different strategies
that are effective and helpful for gain more benefits and make corporate ladder. Some of the
strategies are related to:
 Strong leadership: TJ Maxx are not just loyal to their customers but for their employees
also. So, it will be beneficial for the success and growth in the market by just
empowering the charge and make effective treated by TJ Maxx in their traditional
departmental stores. The company now using effective cost leadership approach to make
more sustainable corporate ladder in order to follow the business ethics.
 Completing demand with effective price: Clothing retail industry is working in
promoting online sales and make more promotive activities within the US market (Ruban
and Yashalova, 2021). In the dilemma of retail industry, TJ Maxx try to work and
effective online presence to work and make systematic growth that further relies on the
brand items. This approach is basically helpful for the stores to achieve primary
competitors to make systematic growth into the market.
 Make something unique: In order to work with different ethical practices it is important
for the company to provide something unique to their customers. TJ Maxx customer do
not come to their stores to purchase something particular, instead of this they search the
store and looking for the best and unique products. So, it would become beneficial for the
company and gain the effective brand image into the retailers while paying full-price
(Retail Challenge: Understanding TJX’s Success, 2021).
All of these strategies which TJ Maxx already follow to work appropriately and
overcome the challenges which are discussed above. Finding a best deal from their customers
and make them available to offline and online markets become effective for growth of the
company.
5 key stakeholders for your chosen company and discuss their role
The company believes in forming different policies and practices which are effective and
helpful for evolving the different perspective for the growth of the company and their
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stakeholders like associates, investors, customers, government and the suppliers. Their role in
following business ethics within the respective company are explained below:
 Business associates: They are working effectively with business associate by building
relationship, open door philosophies and maintain the culture. They play a significant
role in managing business ethics as if they feel demotivated then it will decline the brand
image. So, it is important to share information, make decision in their perspective and
other success process (Tan and Ng, 2021).
 Customers: The are spreading at world wide and the customers are work and make
diversifying demographics. Engage with customer allow the company to make effective
strategies and concerns. As change in their perspectives or preferences to buy products
will decline the brand image and sales across worldwide.
 Investors: They arrange the meeting with their investor throughout each years, as it will
make beneficial growth in the company. Most of the investors are work with appropriate
business ethics policies and perform on the basis of environmental, social and
government matters. This is related to work and perform effectively to manage insight
and work through the perspective.
 Government: They are the one who provide firm stake and success ratio in the market.
US government highlight the sustainable and business practices that would be beneficial
for the government practices and provide a growth in oversight nature. They make a role
to follow the policies related to business ethics and minimize the community engagement
process. That helps the company to follow the practice in most effective and ethical
behaviour.
 Suppliers: Suppliers are the one who are interdependent to the company as the success
of suppliers will make an impact of company. It is important to understand the nature and
closely analyse the external stakeholders (Traczykowski, 2021). Within the respective
organisation, it is important to analyse and manage different perspective to gain the
relationship with these stakeholders at point of time.
Conclusion
From the above project, it is analysed that ethical business is very important for the
growth of the company and achieve desired objectives. It is very important for the growth of the
company and outlined the acceptable behaviour to achieve markets and make beyond activities
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in different external factors. It is determined that the company follow ethical consideration that
are effective and helpful for the growth and improve sustainable practices. It is analysed that
how different stakeholders are helpful and effective to plays an important role in maintaining the
business standards and make effective development in the company's successive policies.
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References
Books & Journals
Abou Naaj, M. and Nachouki, M., 2021. Evaluating Students’ Cyber Ethics Awareness in a
Gender-Segregated Environment Under the Impact of COVID-19 Pandemic. Tem
Journal-Technology Education Management Informatics, pp.1248-1256.
Alacovska, A. and Bissonnette, J., 2021. Care-ful work: An ethics of care approach to contingent
labour in the creative industries. Journal of Business Ethics, 169(1), pp.135-151.
Borglund, T., De Geer, H., Frostenson, M., Lerpold, L., Nordbrand, S., Sjöström, E., Sweet, S.,
Windell, K. and Grafström, M., 2021. CSR and sustainable business. Sanoma
Utbildning.
Cooper, T., 2021. Teaching Global Media Ethics. In Handbook of Global Media Ethics (pp.
1071-1091). Springer, Cham.
García, E.V., 2021. Ethics, Law and Professional Deontology. ESIC Editorial.
Jain, R., 2021. Digital Ethics in Technology and Investments. In Applied Ethics in a Digital
World (pp. 157-171). IGI Global.
Ruban, D.A. and Yashalova, N.N., 2021. 'Greening'business ethics in gold mining: Evidence
from the codes of conduct. Resources Policy, 74, p.102322.
Tan, H.C., Ho, J.A., Teoh, G.C. and Ng, S.I., 2021. Is social desirability bias important for
effective ethics research? A review of literature. Asian Journal of Business Ethics, pp.1-
39.
Traczykowski, L., 2021, September. Legal Ethics Teaching: Use an Applied Ethicist. In Society
of Legal Scholars Annual Conference 2021.
Online
Retail Challenge: Understanding TJX’s Success, 2021. [Online]. Available through:
<https://www.linkedin.com/pulse/retail-challenge-understanding-tjxs-success-carrie-
barclay>.
TJ Maxx Accused of Shady Labor Practices, 2021. [Online]. Available
through:<https://www.triplepundit.com/story/2017/tj-maxx-accused-shady-labor-
practices/16756>.
TJ MAXX OF ETHICAL BRANDS, 2021. [Online]. Available through:
<https://deuxmains.com/blogs/ethical-fashion/introducing-the-tj-maxx-of-ethical-
brands>.
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