Corporate Social Responsibilities of Wal-Mart Essay

As for Walmart’s Mission Statement, Ferguson (2016) composed that Walmart’s strategic choices are directly manifested from its mission statement. The company’s mission statement is “Saving people money so they can live better. ” This pronouncement is synonymous with the Walmart’s slogan, “Save money. Live better. ” He added that the company follows and prospers as it relates to achieving “saving people money” aspect of the mission statement. Patrons save cash via Walmart’s low selling prices. Though, it is not yet definitive as to whether or not Walmart

Wal-Mart has three basic beliefs that are an integral part of their teamwork. The first is respect for the

In 1985 though, Walton knew he had to let his penny-pinching ways sit on the back burner. There was anxiety about trade deficits the loss of American manufacturing jobs, so Walton “launched a ‘Made in America’ campaign that committed Wal-Mart to buying American-made products if suppliers could get within 5 percent of the price of a foreign competitor.” By doing this, Walton showed customers and employees alike that the company has a conscience. Not only that, but even earlier Walton gave profit-sharing rights to employees in 1971. And as evidenced by the stock growth, that wasn’t a bad investment.

Firstly, I would like to explain what Corporate Social Responsibility is. “It is a company’s sense of responsibility towards the community and environment (both ecological and

The purpose of this essay is to research the notion of CSR and uncover its true framework and outline what social responsibility truly means to corporate organisations, and whether it should be seriously considered to be a legitimate addition to the corporate framework of an organisation.

Walmart was founded on the belief stated above by its founder Sam Walton in 1962. “Saving people money, so they can live better,” was the main objective when Sam Walton opened the doors to the first Walmart (“History”). Today, Walmart is the world’s largest retailer and corporation in the United States and have been awarded and recognized by various organizations for being the best employer throughout United States and other countries. By the Fortune magazine, it is listed as one of the most admired

It is said that “The only social responsibility that there is, is to obey laws and pay taxes,” but according to Milton Friedman, “social responsibility is to increase profits.” This kind of responsibility also a form of giving back. Many people believe that the future of Wal-Mart is sustainability. Wal-Mart Stakeholders are the associates, otherwise known as employees, the suppliers, and the investors of this company. I believe that Wal-Mart is doing enough to become more sustainable both locally and globally by the resources, its key stakeholders.

Wal-Mart has branded stores in all 50 states and in over 27 countries. Wal-Mart started with humble roots in 1962 by Sam Walton in the small town of Bentonville, Arkansas. Within thirty years, the small local discount retailer grew to one of the largest retail companies in the United States of America. Now it stands as the largest retailer in the world. As the largest retailer, Wal-Mart has gained many detractors. In "The Case for Wal-Mart," Karen De Coster and Brad Edmonds recognize how people “like to attack bigness” (632). Many believe Wal-Mart offers low wage jobs with few employee benefits, discriminates against women, and among many other issues, doesn’t give back to the community (631). In contrast to the constant barrage

Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. (World Business Council for Development, 2016)

Corporate Social Responsibility are actions taken by a corporation that have positive and lasting impact for all stakeholders associated with the organization, seeking to strike a balance between profits and helping to establish lasting investment in the community (Carrol, 2015). In the 1980’s, then President Reagan challenged the business community to take on more responsibility to address social problems (Carrol, 2015). Socially responsible actions can benefit local communities as well as the greater societal good.

Jeffrey Seglin, a business ethics columnist for the New York Times, participated in an event sponsored by Markkula Center for Applied Ethics. He described two Wal-Marts one as evil and one as good. The evil company is very, very big and does everything to grow bigger. They use illegal immigrants to mop floors and are accused of locking employees inside overnight. They practice gender discrimination, pay low wages and deteriorate suppliers and competition. The bad one "is the enemy of all that’s good and right in our nation" (Seglin, 2004).

Corporate social responsibility is an organizations’ impact on society that goes beyond what is ethical. Being socially responsibility, an individual in upper management must realize how the actions might be able to influence the rest of the environment. If a company is socially responsible the company is honest, trustworthy, and display integrity while dealing with others and provides the attention to the stakeholders, build a community by searching for goals that are compatible with and respect individuals and accomplish silent triumphs.

Since Wal-Mart opened its doors in the early 1960’s profit as with any corporation has been a main focus. Achieving and succeeding in this however is easier said than done, development and success of a company relies on efficiency in current practices and improvements in those practices to insure the future of the company. A strong sustainability strategy which is closely followed will allow for such growth and success; bringing profits to the organization.

Save money, live better this philosophy transformed an idea into a lucrative multinational corporation, Sam Walton’s vision, “To be the best retailer in the hearts and minds of consumers and employees” is the foundation of the Wal-Mart we know today. Wal-Mart Stores Inc. fostered on a vision with authentic leadership, paramount innovation, and the everyday consumer in mind began as a single discount store in a small town; today it has grown into the world's largest one stop shop retailer. Wal-Mart surpassed its competition in the retail industry, increasing its revenues of over 480 billion dollars. Wal-Mart Stores Inc. operates over 11,000 stores and warehouses worldwide; they house over 2 million employees, generating over 900,000 customers

Corporate social responsibility emphasizes the participation of the organization in a larger society and its responsibility to support good causes. It emphasizes corporate citizenship, philanthropy, and community support and recognizes community-based obligations and responsibilities.