Wal Mart s Social Responsibility - 1987 Words

Anjali Moncrieffe Professor Rothman Business 537 8 September 2016 Wal-Mart’s Social Responsibility Wal-Mart is a business that started in 1962. They started out with just one store in Arkansas and they have grown to have more than 7,000 facilities throughout 13 different countries. Wal-Mart attends to over 176 million customers per year. Wal-Mart’s founder, Sam Walton, felt really strongly about customer satisfaction. He stressed customer satisfaction and hard work. He wanted the associates of Wal-Mart to stand by the ten-foot rule. The ten-foot rule was very different. It was something that was not stressed within other organizations, companies, and businesses. This rule stated that once and associate of Wal-Mart got within 10 feet of a customer that associate would have to look the customer in the eyes, acknowledge her or him and then finally ask if he or she needed help (Ferrell 315). Wal-Mart is the world s largest corporation. Even though they are the world s largest corporation they still get criticized by the public. They allow families to save by providing low prices. They apparently engage in unethical behaviors and misconducts in order to provide these low prices. In this research paper, I will discuss Wal-Mart’s social responsibility for their stakeholders. I will also discuss Milton Friedman and his statements on social responsibility. Lastly, I will discuss two other companies and talk about their reputation on being socially responsible toward theirShow MoreRelatedWal Mart s Corporate Social Responsibility1723 Words   |  7 Pages 3 Wal-Mart Way 4 Wal-Mart Corporate Social Responsibility 4-6 Buy American Program 7 Environmental Program 8 Wal-Mart Stake Holders Read MoreWal Mart s Social Responsibility And Consumer Purchasing Behaviors2664 Words   |  11 PagesIntroduction: In a fiercely competitive economy, good social reputations are companies’ biggest asset. 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