Corporate Social Responsibilities of Wal-Mart Essay

As corporations continue to evolve and compete in a global marketplace where consumers are afforded the opportunity 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 commits to that involves the protection of the company, its internal and external shareholders and the community and environments. There†¦show more content†¦Good ethical companies cannot merely limit their ethical responsibilities to those limitations of the law but must also be good stewards of the community and strive to make employees feel happy and whole. Ethical responsibilities include items such as fair wages and work conditions above and beyond the minimum required by local or federal regulations. Lastly, companies that achieve the number one requirement of economic responsibility have the obligation to continue the betterment of society through philanthropic giving. Many companies donate money to charitable organizations, offer endowments and scholarships to schools and students, volunteer at charitable events and encourage employees to do likewise and use technological advancements to better the environment and society. These are all ideals that Wal-Mart strives to achieve on a daily basis and those ideas are built on the back of its founder. In his book, Start with Why: How Great Leaders Inspire Everyone to Take Action, Simon Sinek explores this idea that people follow those with parallel beliefs by examining companies like Wal-Mart (Sinek 175-179). Today Wal-Mart is a company that is viewed as a killer of small town America by offering low cost, one stop shopping for many Americans. When Sam Walton began Wal-Mart, and until his death in 1992, this was not the vision that he had for his company. Sam believed strongly in the free enterprising capitalistic idea of a strong companyShow MoreRelatedWal 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. 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