Code of Ethics Comparison Lowes vs. Home Depot Essay...

Established as the older company of the two, Lowe’s ranks forty-second as a Fortune 500 company. Established in 1946 as a small hardware business, Lowe’s has grown into a 40,000 product, global market enterprise that consist of 1,710 stores nationwide expanding into the countries of Canada, Mexico and Australia (Lowes Internal, 2010) Home Depot, founded in 1978, is the fastest growing retailer in the United States. Ranked twenty-ninth as a Fortune 500 company, Home Depot continues to remain the number one do-it-yourself retail store in America. These two companies may sell products of the same nature, but comparing their Code of Ethics is their way of setting themselves apart. (Home Depot Internal, 2009) Lowe’s begins their manual with†¦show more content†¦Therefore, every employee, while acting on behalf of the company, shall comply with all domestic or foreign government laws that are not consistent with the ethical principles’ to which Lowe’s subscribes. (Lowes Internal, 2010) Home Depot compiles advertising, antitrust and confidentiality in policy of Compliance with Laws, Regulations, Policies, and Standard Operating Procedures. Advertising is to be provided to consumers with accurate, fair, and lawful information that is intended to help them make informed decisions. Antitrust laws in the United States and other countries are intended to preserve a free and competitive market place. Confidentiality is extremely important, as internal information is not to be shared with any outside venders, competition, or family members. This is to provide a guide for employees’, as Home Depot seeks competitive advantage. (Home Depot Internal, 2008) Lowe’s and Home Depot maintain their competitive advantages by â€Å"warning† employees not to give away information that cause unfair balance while attempting to gain an edge. Both companies feel that free market is up to each individual company to strive for innovative ideas that separate the two. Though confidentiality is listed in different sections of the manuals’, both feel that the integrityShow MoreRelatedCostco Due Diligence Report28823 Words   |  116 Pageswith the economy and the demand of its customers. An example of Costco building up and tearing down certain segments is when they cited cutbacks in consumer spending on home products. As a result Costco decided to focus its interest on its core business. 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