The Social Responsibility Of Wal Mart - 862 Words

It is said that â€Å"The only social responsibility that there is, is to obey laws and pay taxes,† but according to Milton Friedman, â€Å"social responsibility is to increase profits.† This kind of responsibility also a form of giving back. Many people believe that the future of Wal-Mart is sustainability. Wal-Mart Stakeholders are the associates, otherwise known as employees, the suppliers, and the investors of this company. I believe that Wal-Mart is doing enough to become more sustainable both locally and globally by the resources, its key stakeholders. Wal-Mart uses its resources in research since before (2011-2012) for the sole purpose of coming up with new ideas and new ways to sustain itself in the local and global community. Locally it provides electricity in stores from solar panels and wind turbines. â€Å"Wal-Mart has taken strides to obtain its sustainability objectives. It has opened two environmentally friendly stores in McKinney, Texas, and Aurora, Colorado.† The company hopes that these experiments will conserve natural resources, save energy, and reduce pollution. In addition, Wal-Mart is attempting to reduce fossil fuel. Its fleet of hybrid trucks is a new technology for going â€Å"green (Ferrell, Fraedrich, Ferrell, 2011).† Similarly, Wal-Mart is â€Å"Currently working on four main green areas: waste improvement and recycling, natural resources, energy, and social/community impact. Wal-Mart’s long-term goals are to be supplied 100 percent by renewable energy, create zeroShow MoreRelatedWal Mar t s Social Responsibility1987 Words   |  8 PagesBusiness 537 8 September 2016 Wal-Mart’s Social Responsibility Wal-Mart is a business that started in 1962. They started out with just one store in Arkansas and they have grown to have more than 7,000 facilities throughout 13 different countries. Wal-Mart attends to over 176 million customers per year. Wal-Mart’s founder, Sam Walton, felt really strongly about customer satisfaction. He stressed customer satisfaction and hard work. He wanted the associates of Wal-Mart to stand by the ten-foot ruleRead MoreCorporate Social Responsibilities of Wal-Mart Essay796 Words   |  4 Pagesopportunity 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 commitsRead MoreWal Mart s Corporate Social Responsibility1723 Words   |  7 Pages 3 Wal-Mart Way 4 Wal-Mart Corporate Social Responsibility 4-6 Buy American Program 7 Environmental Program 8 Wal-Mart Stake Holders Read MoreCorporate Social Responsibility Evaluation For Wal Mart Stores Essay2025 Words   |  9 PagesCorporate Social Responsibility Evaluation for Wal-Mart Stores, Inc. As the world’s largest company, Walmart has a great impact on the environment and worldwide economy. Ten years ago, Lee Scott, former CEO of Walmart, pledged that one day the company would only use renewable energy, that it would eliminate waste, and it would sell environmentally sustainable products (Gunther, 2015). Although Walmart has not reached this goal yet, it has made great progress during the last decade. Throughout thisRead MoreWal Mart s Social Responsibility And Consumer Purchasing Behaviors2664 Words   |  11 PagesIntroduction: In a fiercely competitive economy, good social reputations are companies’ biggest asset. Copious recent research established direct correlations between companies’ social responsibility and consumer purchasing behaviours. As consumers have more substitution options, it is easier to boycott unethical companies. In the recent decade, Wal-Mart has been entangled in a series of legal and ethical battle around the world. Hiring illegal immigrant worker , refusing to pay overtime fee , discriminatingRead MoreCase Study - Wal Mart: the Main Street Merchant of Doom (Corporate Social Responsibility Case Study)2725 Words   |  11 Pagesestablishment in 1962, Wal-Mart has grown to be one of the biggest conglomerates in the world. Inevitably, with the expansion of the company, the weight and number of social and ethical issues facing the company has increased. The key issues discussed in this particular case are: • Wal-Marts and America community Ââ€" Small merchants and the communitys environment • Barriers to domestic expansion Ââ€" Wal-Mart and its Opponents • Wal-Marts Corporate Social Responsibility (CSR) programmes: MerelyRead MoreWal-Mart Case Study on Csr1616 Words   |  7 PagesYIK UID 3035036503 Case study of Wal-Mart Introduction In this essay, the case of Wal-Mart will be discussed by applying the Milton Friedman’s argument on CSR and utilitarianism. Wal-Mart is the largest retailer in the world, however, it is also known for ruthless exploitation of employee, squeezing suppliers, and crushing communities. It has been the Public Enemy No. 1 for a generation of activists and reformers. 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It has grown to not only be a staple in America but internationally as well, touching base in countries such as Japan and China. It is a popular supercenter that is located worldwide. Wal-Mart is the largest retailerRead MoreWalt Disney s Social Responsibilities1156 Words   |  5 PagesAn organization that I believe performs highly in social responsibilities is the Walt Disney Company. Walt Disney is one of the most well know companies. Walt Disney is known for their theme parks, television shows, and their films. Children all over the world travel to Disney’s amusement parks, watch their television shows, and movies as well. Disney’s revenue is brought in by its amusement parks, its films, and TV productions. Disney goal is to satisfy their guests, employees, and businesses.