Social Responsibility at Wal-Mart

Paper Summary:

The paper provides an overview of social responsibility in business and in Wal-Mart in particular. The paper then explores the stakeholders, the organization's responses to social demands that involve the strategies of proaction, accomodation, defense and obstruction and finally, and the company's social responsibility that encompasses economic, legal, ethical and discretionary responsibilities. The paper organizes the paragraphs with a topic sentence, an explanation and an example in the case of Wal-Mart. The paper concludes that despite the disputes, the fact remains that Wal-Mart is the story of success and an American icon.

Outline:
Introduction
Social Responsibility at Wal-Mart
Conclusions

From the Paper:

"The contemporaneous business community is constantly marked by change that affects all aspects of how companies conduct their operations. They pay closer attention to the numerous regulations imposed by the government, first of all to reduce additional costs due to fines and then to attract the admiration of the general public. The companies then try to maximize the corporate value to gain more profits but also to satisfy the interests of their shareholders. Also, organizations place a greater than ever emphasis onto the complete satisfaction of their customers' needs and wants and increase their efforts to improve the on the job satisfaction of their staff members. Finally, they try to develop and integrate the latest technologies that not only increase the efficiency of the administrative and operational processes, but also reduce the level of adherent pollution, to the satisfaction and demands of the environmental organizations."

Sample of Sources Used:

• Berkhout, T., January-February 2005, Corporate Gains: Corporate Social Responsibility Can Be the Strategic Engine for Long-Term Corporate Profits and Responsible Social Development, Alternatives Journal, Vol. 31
• Couglin, R.M., December 1991, Morality, Rationality and Efficiency: New Perspectives on Socio-Economics, Studies in Socio-Economics, M.e. Sharp Inc.
• Ferdinand, A., February 14, 2007, Wal-Mart Determined to Lead in Corporate Social Responsibility, News and Information, McCombs School of Business
• Florini, A., Spring 2003, Business and Global Governance: The Growing Role of Corporate Codes of Conduct, Brookings Review, Vol. 21
• Friedman, A.L., Miles, S., June 2006, Stakeholders: Theory and Practice, Oxford University Press

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