Wal-Mart Case Study on Csr - 1616 Words

CCGL 9018 Final Essay Name: CHAN YIK UID 3035036503 Case study of Wal-Mart Introduction In this essay, the case of Wal-Mart will be discussed by applying the Milton Friedman’s argument on CSR and utilitarianism. Wal-Mart is the largest retailer in the world, however, it is also known for ruthless exploitation of employee, squeezing suppliers, and crushing communities. It has been the Public Enemy No. 1 for a generation of activists and reformers. To cope with these oppositions, Wal-Mart responded vigorously and, instead, announced plans to preserving the environment, fighting hunger, empowering women and providing access to healthy, affordable food. The essay will try to argue the problems of Wal-Mart dominating the†¦show more content†¦Also, because of the low labor cost and supply cost, Wal-Mart can hire more people and purchase more products from the suppliers, hence, more people have jobs, more suppliers selling goods to Wal-Mart. In both cases, it increases the satisfaction of preferences of a great part of the society. Therefore, the way of Wal-Mart practising its business may have some negative outcomes, however, it can be outweighed by the overall benefit to the society in the form of increased preference satisfaction. How Wal-Mart deal with the Problems With increasing number of concerns and opposition from the society on the low wages for its employee, what Wal-Mart actually did in response is ignoring and disputing the concerns. This was actually a most updated response from Wal-Mart, David Tovar, the Vice-President of Wal-Mart Corporate Communications, responded vigorously on the news written by writer Timothy Egan form the New York Time(Tovar, 2014). The news described Wal-Mart as â€Å"a net drain on taxpayers† and â€Å"force employees into public assistance with its poverty-level wages†. Tovar responded on Wal-Mart’s company blog defensively by explaining the reason behind the pay scale and the false argument written by Egan(Tovar, 2014). For example, Egan saidShow MoreRelatedThe Importance of Ethical Business Practices: Walmart Law Suites 842 Words   |  4 PagesThis issues study is aimed to explain the importance of ethical business practices which also include social responsibilities and will be com pared to an example of an unethical business practice. It will explore the different unethical issues in business, the benefits of running an ethical business and this will be done with reference to a certain case study. Ethics are moral guidelines which govern good behavior. 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