Corporate Social Responsibilities of Wal-Mart Essay

Corporate Social Responsibilities of Wal-Mart Essay

Length: 784 words (2.2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

As corporations continue to evolve and compete in a global marketplace where consumers are afforded the opportunity to give and receive feedback from immediate social media avenues, the image of the corporation becomes an ever increasing concern for executives and shareholders. Because of this instantaneous feedback, the actions of a corporation are under constant scrutiny and evaluation. In an effort to capitalize on this opportunity, company executives have embraced the idea of Corporate Social Responsibility or CSR.
Corporate Social Responsibility is a self-imposed set of policies that a company commits to that involves the protection of the company, its internal and external shareholders and the community and environments. There are four main components to a CSR that most companies strive to uphold. These are listed as financial or economic, legal, and ethical responsibilities, and philanthropic. As a worldwide company of over 2 million employees, Wal-Mart continually strives to uphold the image and small town ideals that its founder Sam Walton instilled during its creation in 1962.
It is imperative that the first focus of any company both internally and externally needs to be that of an economic benefit for the individual stakeholders of that company. Wal-Mart is not different in that in order to offer any benefit to any person, it must make a profit. Therefore the first focus of Wal-Mart’s CSR is that of an economic benefit. With 2013 projected revenue of almost $470 Billion, Wal-Mart has the means to benefit shareholders in the form of dividends for stock, wages and benefits to its 2 million employees and an economic benefit for communities in the form of tax revenue and good will.
The second area of CSR is one o...


... middle of paper ...


...w Age of Walmart. Here we see how some employees are disgruntled about what are perceived as poor working conditions, poor work environment and poor community care. Time will tell if these accusations are the norm or the exception to the rule and rather or not Wal-Mart has a CSR that is only a shell of its intent. A solid vision of corporate social responsibility is a north start for employees and decision makers to keep them on target so that overall, Wal-Mart becomes a leader for other companies to follow.



Works Cited

Maxwell, John C. The 21 Irrefutable Laws of Leadership: Follow Them and People Will Follow You. Nashville, TN: Thomas Nelson, 2007. Print.
"New Age of Walmart." Watch The NEW Age of Walmart. N.p., n.d. Web. 01 Dec. 2013.
Sinek, Simon. Start with Why: How Great Leaders Inspire Everyone to Take Action. New York: Portfolio / Penguin, 2011. Print.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on Wal Mart And Target Are Two Similar Global Corporations

- Wal-Mart and Target are two similar global corporations. If one asks each of these store’s customers why they shop there, somewhere in their answer one will find them saying that they can find everything. The difference between these two corporations is their mission, marketing, and quality. Each of these stores are looking to offer a different experience despite selling similar goods. So, when profits are not changing in the United States, they’ve opted for an expansion into other countries....   [tags: Wal-Mart, Target Corporation, Hypermarket]

Better Essays
1002 words (2.9 pages)

Challenges to Manage the Corporate Social Responsibilities Face Essay

- An MNC is an organisation that engages in production or service activities, through its own affiliates, in several countries, maintains control over polices of those affiliates and manages from global perspective. A business enterprise operating in several countries, but managed from only one (home) country is considered a multinational corporation. Multinational Corporation creates jobs and wealth and improves technology in countries that are in need of such development. Major multinationals are American, Japanese or Western European, such as Nike, Coca-Cola, Wal-Mart, AOL, Toshiba, Honda and BMW etc....   [tags: multinational corporations, csr]

Better Essays
2355 words (6.7 pages)

Indian Multinational Corporations and Corporate Social Responsibilities Essay

- An MNC is an organisation that engages in production or service activities, through its own affiliates, in several countries, maintains control over polices of those affiliates and manages from global perspective. A business enterprise operating in several countries but managed from only one (home) country is considered a multinational corporation. Multinational Corporation creates jobs and wealth and improves technology in countries that are in need of such development. Major multinationals are American, Japanese or Western European, such as Nike, Coca-Cola, Wal-Mart, AOL, Toshiba, Honda and BMW etc....   [tags: Multinational Corporations (MNCs)]

Better Essays
2402 words (6.9 pages)

Corporate Social Responsibility And Csr Essay

- Corporate social responsibility (CSR) is similar to an individual’s social responsibility. An individual who is socially responsible is aware of how their decisions affect the environment. Corporate social responsibility can be define as “how well a company meets its economic, legal, ethical, and discretionary responsibilities” (Peter & Sarah, p. 51). Corporate social responsibility holds businesses accountable to stakeholders such as consumers, in areas of concern such as environmental factors, community and society in general....   [tags: Social responsibility]

Better Essays
1301 words (3.7 pages)

Essay on Corporate Social Responsibility

- Corporations deal with a wide variety of social issues and problems; some directly related to their operations, some are not. Corporate Social Responsibility (CSR) can be defined as “the actions of an organization that are targeted toward achieving a social benefit over and above maximizing profits for its shareholders and meeting all its legal obligations” (Ghillyer 78). If this is the case, establishing appropriate and practical ethical guidelines in the workplace seems to be a reasonable request as a basis for corporate operations....   [tags: Social Responsibility Essays]

Better Essays
885 words (2.5 pages)

Corporate Social Responsibility Essay

- The term Corporate Social Responsibility refers to a company’s responsibility to provide a benefit to the society the company affects. Corporate social responsibility incorporates dimensions of corporate responsibility, and corporate policy which include a company’s policy to hire minority or disabled workers, or taking a stance on social and political issues that benefit the community. The social portion of corporate social responsibility includes corporate charitable business contributions and expands on this common social business practice by invoking corporate social initiatives....   [tags: Social Responsibility Essays]

Better Essays
1332 words (3.8 pages)

Essay on Corporate Social Responsibility

- Corporations have social responsibilities to the communities they serve but they do not take on these responsibilities. Corporations have obligations to use their economic power and influence to protect worker welfare and address environmental issues which are often violated as a cause of their business ethics. A corporation is argued to be a profit devouring machine mainly because its core objective is to gain profit for its shareholders. What if this profit originated at the expense of a worker’s human rights....   [tags: Communities, Business Ethics, Violation]

Better Essays
1439 words (4.1 pages)

The Problems With Wal-Mart's Low Wages Essay

- Times have changed drastically for businesses since the Internet and social media have become part of our everyday lives. It’s now easier than ever for the individual to gather data and follow organizations to ensure they are performing legally, morally, and ethically. Stakeholders believe that organizations have a social obligation to operate their business in an ethically, socially, and environmentally responsible way. The term for this idea is Corporate Citizenship. Corporate Citizenship is “the extent to which businesses are socially responsible for meeting legal, ethical and economic responsibilities placed on them by shareholders....   [tags: Company, Employees]

Better Essays
1409 words (4 pages)

The Social Responsibility Of A Business Essay examples

- Business Community Social responsibility is the part of the framework of an organization or individual which makes up an obligation to act for the benefit of society. There are many different ways act out social responsibility. The social responsibilities of a business can be classified according to the businesses relationships to the general public, customers, employees and investors. The companies that make their product or service with the rooted mindset of benefiting the community and the world around them do this by providing things like scholarship funds, all natural products, biodegradable storage, and or just by treating the consumer as well as the employees as individuals rather th...   [tags: Social responsibility]

Better Essays
1178 words (3.4 pages)

Essay on An Article On Corporate Responsibility

- The purpose of this paper is to provide a description along with an ethical assessment after reading an article in The Magazine of Corporate Responsibility, Business Ethics section about the characteristics, purposes, and benefits offered to the work force by the traditional State “Workers Compensation” system since was first created and the new “Opt Out of workers’ compensation” model offered by a Texas Lawyer allowing many companies to write their own rules as well as having more control over employee’s compensation claims; eliminating the State system in its totality....   [tags: Business ethics, Ethics]

Better Essays
1019 words (2.9 pages)