Briefly discuss the different Models of Business Conduct

As a guide to understanding different types of business conduct. Walton classifies six models of conduct.”// 1.The austere model: It gives almost exclusive emphasis to ownership interest and profit objectives./ 2.The household model: Following the concept of an extended family, this model emphasizes employee jobs, benefits and paternalism./ 3.The vendor model: In this model, consumers interests, tastes and rights dominate the organization./ 4.The investment Model: This model focuses on the organization as an entity and thus on long-term profits and survival./ 5.The Civic model: its slogan is corporate citizenship. It goes beyond imposed obligations, accepts social responsibility./ 6.The artistic Model: This model encourages the organization to become a creative instruments serving the cause of an advance civilization with a better quality of life.