Corporate Social Responsibility : Walmart Essay

Corporate Social Responsibility : Walmart Essay

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The corporate social responsibility is a commitment by a business to contribute to economic development while improving the quality of life for employees and their families’ as-well as contributing to the society. Walmart is a well-known company that offers customers the items they want and need at a low cost, with nearly 4,000 stores in the United States. According to the Fortune 500, Walmart was ranked number 1 in 2015. Just like any other superstore Walmart needs to continue the use of social responsibility by recreating a relationship between business and the community especially if they want to dominate the competition in 2016. The use of sustainability, strategic philanthropy, causing market, shared values, stakeholders and global perspective will help readers understand the purpose of social responsibilities in the corporate world.
Business Sustainability requires firms to adhere to the principals of sustainable development. It is defined as managing the triple bottom line between economic, environment and social impact. According to the 2015 Global Responsibility Report, Walmart works with suppliers to deliver products that are better for people, elimination of toxic chemicals in products. Factory are recycling contents more, using safer materials. Factories are also creating materials that are design for recyclability. An example of safe materials that are more sustainable for the planet is L.E.D lights along with concentrated laundry detergent. “Business exists to serve the greater community as well as direct beneficiaries of the company’s operations”, (Snider, 2003, p2).
Strategic philanthropy is a unique and power way to combine company marketing goals along with increasing the wellbeing of mankind. In 2014 “Walmart ...


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...d stakeholder that is why this company was ranked number one by Forbes list in 2015.

Reference
Gonzalez-Padron, T. (2015). Business ethics and social responsibility for managers [Electronic version]. Retrieved from https://content.ashford.edu/
Walmart. (2016). Giving Our Focus. Retrieved from http://giving.walmart.com/our-focus
Walmart. (2015). Global Responsibility Report Walmart 2015. Retrieved from http://cdn.corporate.walmart.com/f2/b0/5b8e63024998a74b5514e078a4fe/2015-global-responsibility-report.pdf
Pauline Meyer. (2015). Walmart’s Stakeholders: Analysis & Recommendations. Business Management. Retrieved from http://panmore.com/walmart-stakeholders-analysis-recommendations
Snider, J., Hill, R. P., & Martin, D. (2003). Corporate social responsibility in the 21st century: A view from the world 's most successful firms. Journal of Business Ethics, 48(2), 175-187.

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