Corporate Social Responsibility-
MNGT 5990
A. List 5 outcomes that make Walmart a socially responsible company.
1. Giving back to the society: The Walmart Foundation gives back to the society by giving scholarships and contributing to charitable organizations worldwide.
2. Women’s empowerment: Walmart and the Walmart Foundation are providing training and career opportunities for nearly 1 million women worldwide.
3. Energy efficiency: Renewable energy sources account for 21% of Walmart’s electricity worldwide.
4. Veterans: Walmart plans to hire more than 100,000 U.S. veterans over the next five years.
5. Diversity: Women account for almost 28% of Walmart’s corporate officers as well as hiring workers with different cultural
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Overall, I stand by the fact that Walmart’s good to America far outweighs its bad.
Despite the fact that Walmart is good for America, they are not making the world a better place.
Walmart is taking jobs out of America to other countries like china, where greater parts of their products are manufactured. This is not being socially responsibly to the community. Walmart again pays its employees low wages. The company do not care about the employees welfare, the fact that you need a job means you are in need and they treat you any how they want. There are so many questions that need to be answered. Walmart taking out life insurance policy on terminal ill employees while making millions in profit from customers. Walmart put small businesses out of business and the charge double what they were charging because there is no other choice. Is it ok to do all these wrong and donate to the society and charity and portray to the world that you are a good company.
My recommendation to Walmart will be :
1. To make it part of their policy to manufacture greater part of their products here in America while maintaining the quality.
2. Welfare of employees should be number one priority and ill employees should not be taken off insurance.
3. Workers should be paid above the minimum wage to give them a better living condition.
The positive side of the new policies will be, maintaining most of its manufactured products here in America, will make America a
Wal-Mart is destroying our, as Americans, culture and environment. Wal-Mart destroys little shops from our towns, shops that were built by natives and hard-working people. Shops that overcame hardships and reasonable competition are being torn apart one by one in order not to cause too many people filing bankruptcy. Wetlands in America are not being taken care of, as they should. Wetlands are homes and safety nets for many animals. Wal-Mart has destroyed many wetlands in order to build a store in some town people do not even want there.
Wal-Mart, the multi-billion company and the second largest employer in the world, is the most controversial corporation in the world. Wal-Mart is a global powerhouse and affects many people around the world. Wal-Mart is constantly getting attacked from unions, human rights groups, small towns and small businesses. Wal-Mart is accused of treating their workers poorly and driving small businesses out of business. But however these accusations are false or over exaggerated. Wal-Mart offers families and low income people quality products. Also, they pay their workers competitive wages and treat them with respect. Wal-Mart opens their stores in rural and under developed areas. Wal-Mart improves the lives of the people who live rural area and
Walmart is the preeminent organization that was established by Sam Walton in 1962 and now Walmart’s leads globally including Canada. Walmart was first started as small discount store with the slogan of “more for less”, and now it has grown worldwide in last five decades into the one of the biggest retailer across the globe. And today Walmart controls over 11,000 retail unit under 65 banners in 28 countries with workforce of 2.2 million associates across the globe whereas 1.4million in the U.S alone. Walmart also hires full time and part time employees with the minimum qualification. Company targets the domestic customer looking for more with less spending power. Walmart has deals going throughout the year with amazing offers which fulfills customers need.
Walmart is bad for America, as some say. The Globalization essay that was handed out in class had many good points. It states that Walmart puts many smaller businesses out of service. A recent study by
The purpose of this business report is to gain familiarity with Wal-Mart and to learn about the different aspects that make Wal-Mart a successful company. This report gives an in-depth analysis of the company history, services and products provided, the company philosophy, business methods, organizational structure, and financial and competitive analysis.
Wal-Mart founded in 1962 by Sam Walton is now the largest American retail corporation. With thousands of chains of stores and warehouses Wal-Mart monopolized the American retail industry. In addition, Wal-Mart is the second largest retail corporation in the world employing of two million employees world-wide. As one of the most valuable corporations in the world Wal-Mart continues to improve their sales annually while offering some of the lowest prices available. Wal-Mart’s famous low price guarantee, come at a high expense of the environment, the small businesses, education, the rights and safety of the consumer, but most importantly their employees. Although Wal-Mart has plays a dominate role in American economy, this “American”
Is Wal-Mart bad for America? Absolutely not. Wal-Mart has lived up to Sam Walton's promise of affordable goods and services. Every day, shoppers enjoy the low prices of the things they need. In a recent local survey Lisa of Sedalia, MO claims to save at least $1200 a year on prescription medicine from Wal-Mart's pharmacy. Another shopper, found in the automotive corner of the store, stated that he saves approximately $300 dollars a year on engine oil, spark plugs, filters, windshield washer fluid and wiper blades. These are certainly great savings, and many other people
During the last 20 years, Wal-Mart has moved into many areas wiping out all the stores around causing people to loose jobs, slashing the tax base and causing many more disturbing problems to neighborhoods so people should stop supporting Wal-Mart for many of these reasons. Always low prices, does this sound familiar? Well this would be the slogan of the world’s most controlling company; Wal-Mart. Wal-Mart grew over the years into a 256 billion dollar company after making its name across the world in 1915. The major problem with Wal-Mart is that it maintains its own mini-economy. Some people believe Wal-Mart supports the American economy while most others hold that Wal-Mart’s global outsourcing will and has
Walmart is the go-to shopping center for most Americans, but are they fully aware of the negative impact Walmart has caused America? Many people shop where they can find everything at once and is in a decent distance from their home, but most shoppers don’t realize what they are really purchasing or the truth about the stores they buy from. If more Americans knew what they were really getting out of their shopping trips at Walmart they probably wouldn’t come back. Walmart has a privative effect on America more than people realize. The people they hurt in the process of trying to “Save money” and “Live Better” are the backbone of the business, the products they sell might as well be used, and their crime rate escalates more and more, and
In addition, it is certainly true that the savings generated by Wal-Mart's low price provides individuals with employment opportunities. In the City of Los Angeles, the total savings will be at least $668 million annually. The redirected grocery savings will "create 6,500 additional full-time-equivalent jobs"(LAEDC). While "in Los Angeles County, the aggregate annual savings to consumers would be at least $1.78 billion"(LAEDC). "When the savings are redirected to other purchases, the county-wide job creation will total 17,300 jobs"(LAEDC). And meanwhile, in Southern California, the combined total annual saving of Imperial, Los Angeles, Orange, Riverside, San Bernardino, San Diego and Riverside counties will be at least $3.76 billion, creating 36,400 jobs (LAEDC). According to Optician, in 2002, Wal-Mart employed "913 people in 35 optical outlets, with another five to open by the end of" March. "If all the 50 planned centres open", it would be "taking on at least 1,000 employees". In "Wal-Mart's Urban Renewal", CEO Lee Scott announced, "over the next two years Wal-Mart will open 50 stores
How Harmful Walmart Is To The World Walmart has been a huge company for many years. Walmart also has had many issues such as they have not been paying their employees the minimum wage and they also don't pay their workers for overtime. Walmart also has issues about where their products are made because most of the products are made in chinese sweatshops. There has also been a-few time where Walmart has even been sexist against women and they have been racist to some people and not hiring them because of their race. Walmart has been know as one of the main shopping companies and walmart is a very wealthy company.
Not only does Walmart directly affect the economical situation of your community, it also puts significant strain upon the environment we live and depend on. In October of 2004, North America sued Walmart for violating the Clean Water Act CWA in nine states, causing a huge uproar both from the defensive Walmart corporation and more so from the targeted communities. Relying upon a communities oblivion, Walmart takes advantage of the situation in which it's presented, posing a threat to all nearby water supplies because of all the toxins and pesticides literally oozing from Walmart facilities worldwide. Much more costly towards the environment than the tinkling of spare change resounding in our pockets. Therefore, it should come as no surprise that a single Walmart location expends countless amounts of energy to maintain,
They turned a small company into one of the largest corporations in the entire world. They have completely redefined what it means to be a big business, and have had many good impacts on society. While this is true, Wal-Mart has not always had the best business practices, receiving many different criticisms over the years. Some criticisms include its relations with people and businesses outside the United States, its role within local communities, and its labor policies and practices. Wal-Mart has always been the superstore that prides itself on lower prices, so much so that it has looked to manufacture in other countries for the cheap labor. Wal-Mart has become so big, that it has stores and plants all over the world. Wal-Mart even does most of its business overseas. “Chinese suppliers, or “partners,” reportedly provide Walmart with about 70 percent of the nearly $420 billion worth of goods that it sells globally each year” (SCHELL). Wal-Mart has even gone as far as to move one of its headquarters to China. Wal-Mart is helping China, and China is helping Wal-Mart. Wal-Mart is bringing in lots of jobs and products for the Chinese people to buy, while China is providing everything Walmart needs to keep growing as rapidly as they are. Wal-Mart is one of the worst offenders of the global sweatshop problem, and because of this they had lots of criticism of their labor policies and practices. Wal-Mart is not a
When you talk about Wal-Mart the first thing that you have to remember is that they are the largest retailer in the world. Wal-Mart employs more people in the United States than any other company and is second only to the federal government in the number of employees that they have on the payroll. These are important facts to consider in that due to their tremendous size, Wal-Mart has an enormous
Wal-Mart is certainly credited with changing the retail world as we know it with its low prices and big stores with huge selections but it has come at a price. They have struggled with issues that question the ethics as a company and legal issues that question how they manage people. These issues will continue to hurt their organization unless a complete change in management thinking and actions are changed. As a socially responsible organization, their management planning in this area is second to none. Lets hope they take the same effort in improving their image when it comes to ethics and legal issues.