Corporate Social Responsibility Essay
Corporate Social Responsibility
This essay explains Corporate Social Responsibility (CSR), in relation to Wal-Mart’s strategies overall, to include their global strategy. I will explain my personal opinion and its justification on whether or not their strategy benefits the community. It will also be shown in this company ensures CSR globally with, or without, violating foreign laws or ethics.
Wal-Mart’s CSR for Local Communities
As with any action in a business, any action taken is normally an attempt to better its leverage within a particular market. CSR and ethical strategies of Wal-Mart in this situation are no different. Whether it is perceived as a ploy or not, the bottom line is that the company is taking an action, and there is an end result expected. When it becomes a ploy, is when a company doesn’t actually do what it says it will do. In this case, Wal-Mart is following through with its overall strategy, so it is not a ploy, regardless of how we perceive it to be. I will note, that one of its stated goals since 2005 seems extreme in stating the intent use 100 percent renewable energy and create zero waste. As you read their yearly reports, they do make a constant, honest effort to improve and achieve what seems realistically possible. I can speak to this because when I transitioned from Active U.S. Army to the Arizona National Guard, my first job outside of the military was working for this company. There will always be individuals within a company that chooses not to adopt a company’s strategy, but knowing this, I can say from personal experience that this company does genuinely stand behind its statements with action. Wal-Mart’s website defines its current CSR strategy with three overall focus points, which are an opportunity, sustainability, and community (Wal-Mart 2017). Since this plan is set to take place from now through 2025, the results will have to wait to gauge if they follow through. They have recently raised their hourly wage rate, with maternity and parental leave
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