COMMERCE 7016OL Social Responsibility | Walmart Approach
Walmart and Social Responsibility
2.There are four main types of social responsibility: economic, legal, ethical, and discretionary. Which responsibilities does the Walmart case deal with? How could Walmart's position be changed for the better?
Answer:
Introduction
Corporate social responsibility is a critical aspect of every business, including Walmart. This is an American retail corporation that operates discount department stores and hypermarkets.
Walmart and Stakeholder Approach to Social Responsibility
The journey of Walmart towards global responsibility began 10 years ago. The stakeholder approach uses shared value and provides customers with appropriate access to affordable products and food. The stakeholder approach towards social responsibility is targeted to create new jobs and business ladders for associates. The Walmart helps suppliers to grow the businesses and support community (Kampf, 2007). The business must be conducted in a manner that can improve economic opportunity and encourages social sustainability. Walmart has set ambitious plans through which it creates zero waste and sells products that are sustainable to the environment. The noteworthy steps of Walmart are targeted towards supply chain efforts which improve its social, economic and environment impact. The company has made its commitment for meeting with customer expectations.
Responsibilities of Walmart
Walmart has decided to lay emphasis on economic, legal, ethical and discretionary efforts in the domain of retail opportunity. Walmart has decided to align with core competencies. At present, the company has 2.2 million employees worldwide and has more than 20 years of experience in employing front line employees. The company has been addressing employing and retention challenges which are integrated with internal experience and knowledge. The noteworthy insights from shareholders are taken into consideration with due efforts on continually effective elucidations. Walmart position can be changed as Walmart has been investing in disseminating and codifying the different range of retailer’s practices through entry level talent (Al Ghamdi & Dalain, 2018).
Conclusion
Walmart is massively focused towards improvement of sustainability of supply chains and product operations for the people. The company is focused towards creation of strong communities.
References
Al Ghamdi, A., & Dalain, D. (2018). Ethical Trading in Corporate Social Responsibility: A Case of Walmart, Apple and Canon. Asian Journal Of Business Management, 10(1), 1-10.
Kampf, C. (2007). Corporate social responsibility. Corporate Communications: An International Journal, 12(1), 41-57.
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