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Wal-mart's corporate social responsibility (CSR)

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1. How does changing technology and the falling barriers to trade and investment reflect the success of Wal-Mart?

2. How does Wal-mart show corporate social responsibility in terms of labor conditions, human rights, fair trade, and the environment?

3. What actions can a multinational corporation take that would make globalization a positive development for the global economy?

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Solution Summary

The response provides you a structured explanation of factors responsible for the success of Wal-Mart. It also gives you the relevant references.

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The changing technology and failing barriers to trade and investment reflect the success of Wal-Mart. The changes in information technology have helped Wal-Mart streamline its supply chain and reduce costs by tracking deliveries. Information technology has also made it easy for Wal-Mart to source products from different parts of the world. Tracking consignments has helped it reduce inventory costs. On the other hand Wal-Mart has been able to reach out to more customers through online retailing. It sells products through its website and this has helped increase its revenues and profit.

In terms of labor conditions Wal-Mart ensures that the salaries paid by it are above the minimum wages. In addition, Wal-Mart complies with all labor laws of the United ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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