Principles of Business: Wal-Mart and CSR
Not what you're looking for?
Today's changing legal, economic, and social environments require ethics programs aimed at protecting the company and its stakeholders, including stockholders, customers, employees, and others. Study the Web site and annual report of the company you selected, (Wal-Mart in this case) and provide a brief overview:
1. Describe the company's stance on corporate social responsibility (CSR).
2. Discuss the connection between the CSR program and why it is necessary to the specific industry.
3. How does the CSR program apply to today's trends and current issues in the global marketplace?
4. Whom is the company responsible to?
5. Why should a company implement a CSR program?
Purchase this Solution
Solution Summary
This detailed solution provides overview of Walmart and its' stance on corporate social responsibility (CSR). It details why the CSR program is necessary, how it aplies to today's trends and current issues, and whom the company is responsible to. Examples and APA references are included.
Solution Preview
1. Describe the company's stance on corporate social responsibility (CSR).
Wal-Mart strives to be corporately responsible. Walmart is one of the largest private employers in the United States and Canada and the largest in Mexico. It offers an average full-time hourly wages of $11.75, and provides 1.2 million employees with health insurance (Walmart Corporate Facts, 2011). Walmart pays above retail standards for employees that have little experience, low levels of skill, and often demand part-time work due to other commitments.
In addition to providing employment, health care and other benefits, Walmart also provides Americans products at prices that "are 8 percent to 39 percent below the prices of its competitors" (Furman, 2006). This helps all of us, as overall costs are driven down by the company's masterful negotiation and sourcing techniques. The company works to provide responsible sourcing, utilizing suppliers that share similar values, to provide safe, long lasting, quality products. This shows a responsibility to stakeholders throughout the supply chain.
In addition, Walmart works on improving the quality of life in communities, by "creating zero landfill waste and selling products that sustain our environment" (Walmart Corporate Facts, 2011). When Walmart moves to a different location within a town it works diligently to fill the previous space with a different business to prevent urban blight. It also responds quickly to ...
Education
- BA, University of Southern California
- MSS, United States Sports Academy
- Ed.D, Boise State University
Recent Feedback
- "Thk u"
- "Thank you!:)"
- "Thank you!:)"
- "Thank you!:)"
- "Thank you!:)"
Purchase this Solution
Free BrainMass Quizzes
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce