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Walmart Corporate Social Responsibility Study

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"We are not in business to make maximum profit for our shareholders. We are in business...to serve society. Profit is our reward for doing it well. If business does not serve society, society will not long tolerate our profits or even our existence." Kenneth Dayton, former Chairman of the Dayton-Hudson Corporation 1. The company "Walmart" is one of the most influential companies in the retail trade. For over 10 years it became the largest chain of retail supermarkets in the United States. In addition, the position of Wal-Mart are strong and in other countries. "Walmart", since its foundation, pursues a strategy of low prices. This is the strategy through which it can offer products cheaper than other competitors. On the one hand - this …show more content…

As we know, philanthropic model consists of economic view of CSR plus option for a particular business to contribute to social needs as a matter of philanthropy, but not as a matter of duty or social responsibility. [Hartman, L., MacDonald, C. DesJardins, J. (2014) Business Ethics, Chapter 5, p. 222] Moreover, philanthropic CSR suggests that businesses contribute to society in the hopes that this will have beneficial reputational pay-offs. In other words, consumers prefer to buy products of brands that associated with a worthwhile cause when price and quality are the same. [Cone Communications, 2011 Cone/Echo Global CR Opportunity Study (Boston, MA: Cone), www.coneinc.com/globalCRstudy] Of course, there are also cases where a business might contribute to a social cause or event without seeking any reputational benefit. However, I strongly believe that it does not relate to "Walmart" because they are seeking to obtain any social and economic benefits. Therefore, there is a great deal of overlap between those who engage in philanthropic model for reputational reasons and those who follow the economic view of business' social

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The discount retail industry in the United States is a profitable industry with fierce competition ? one that has led to bankruptcy of a few retailers. Walmart happens to be one of the big players in the industry today, mainly known for its low and competitive pricing. Walmart is able to offer low price through the optimization of its supply chain and inventory system management. Its point of sale system is connected to its inventory system which is also connected to its vendors order management system.

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Walmart, the High Cost of Low Prices Summary The 2005 documentary, Walmart, the High Cost of Low Prices by the independent filmmaker Robert Greenwald takes the view through a one hour and 40 minute point by point case explaining why Walmart’s very low prices may seem like a great deal to the average shopper but it is equally important to understand the consequences of how those low prices are derived. There are always winners and losers in the business world. Robert had a small budget of 1.5 million dollars for the creation of this documentary and frequently used Walmart’s own media throughout the film. The documentary opens with the stories of what occurs in many small towns when a Walmart retail store descends on the community.

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