Corporate Social Responsibility. Walmart Case. Management Essay

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Corporate Social Responsibility
Corporate social responsibility is critical to a company’s success as it influences the public perception of how they view the business. CSR entails a practice that incorporates social and environmental development into their business model. Walmart is a retail giant and it is constantly trying to improve its corporate social responsibility policies as they heavily influence their long-term profits. Being able to satisfy consumer expectations aside, corporate social responsibility is essential in the preservation of human rights, avoiding criminal prosecution, conservation of the environment and resources. To understand the corporate social responsibility policy, every aspect will be analyzed with the use of Walmart as a case point.
Human rights should be respected in the workplaces and the CSR incentivizes the corporations to make sure that they comply. Walmart is always trying to improve the worker experience and ability to perform their job. The workers appreciate the effort but feel like the improvements are basic needs that they needed to work effectively in the first place. Some of the improvements the retail company made was raising the average temperatures in their stores by 1degree. The dress code required higher management employees to wear shirts and khakis and support staff to wear company branded T-shirts and khakis. To entice the employees, the company relaxed the dress codes and the staff restocking are allowed to wear jeans. In special occasions, the workers can wear jerseys on sport-related holidays or Christmas sweaters on seasonal holidays. CITATION NYT15 \l 1033 (NYT)
Stakeholders in a company are crucial in the operation of a company and are basically the main reason for the corporation’s existence. The stakeholders range the public and the shareholders owning part of the shares in the company. The corporate social responsibility might force the corporation management to entice the stakeholders by having them be part of the company’s decision making in important matters. For instance, there have been calls for Walmart to allow its stakeholders to have a say in the nomination of the company’s board candidates. The company in their efforts to meet the social expectations may be forced to include the stakeholders in the decision making. Subcontractors perform some duties on behalf of the main corporation and the agreement is mutual in what they both hope to achieve. Even if the main company does not own the subcontractor, any mishap in the relations will affect the main corporation therefore, the corporation is entitled to oversee the subcontractor’s responsibilities.
Failure to comply with certain state regulations and the corporate social responsibility can cause massive losses for the corporation. Shareholders are entitled to know how the company is run because they have invested in the company. Any mismanagement of the company can cause the shareholders to sell their shares and also put off any potential investor. Any mismanagement and abuse of human rights also shine the stakeholders in a bad light thus the company ensures that it complies with all the requirements to keep the shareh...