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?© BrainMass Inc. brainmass.com October 17, 2018, 11:29 am ad1c9bdddf
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 ...
The response provides you a structured explanation of factors responsible for the success of Wal-Mart. It also gives you the relevant references.
Principles of Business: Wal-Mart and CSR: their program, the necessity, and stake holders affected.
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?