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Corporate Responsibility including People, Planet and Profit

   

Added on  2020-07-22

13 Pages3563 Words405 Views
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Wall mart continues
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1Company corporate responsibility including people, planet and profit.................................1People...............................................................................................................................................1Major stakeholders affected by behaviours of Walmart through the lens of personalrelationships............................................................................................................................1Corporate irresponsibility.......................................................................................................2Current practice in terms of personnel relations occurring Walmart.....................................2Environmental (Planet)....................................................................................................................3Environmental impacts affected by the policies of company.................................................3Corporate Irresponsibility of company towards environment................................................3Short term and long-term effect of current environmental policies.......................................3Sound business practices (Profit).....................................................................................................4Determine what stakeholders are affected when the company remains profitable................4Balance with corporate responsible behaviour.......................................................................4Recommendations and implementation section...............................................................................5People...............................................................................................................................................5Recommendations of ways to improve relationship with stakeholders.................................5Planet................................................................................................................................................5Recommend ways this company could improve in terms of its environmental policies.......5Profit................................................................................................................................................6Adjustments required to be made to remain profitable..........................................................6Implementation................................................................................................................................6People...............................................................................................................................................6Steps required to be taken to implement recommendation and possible sacrifices along withchanges in culture...................................................................................................................6Planet................................................................................................................................................7Steps to implementation recommendations and their help in changing the culture of company.................................................................................................................................................7Profit................................................................................................................................................7Specific steps necessary for the company to remain profitable.............................................7
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CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
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INTRODUCTIONCorporate responsibility is considered as important aspects that implies to the actions andsteps which are taken by enterprise to provide support to the people in society and sustainingpeople and profitability. Present report is based on the analysis of operations of Walmart whichis an international retail store in US. There is various aspect of sustainable development has beenanalysed along with the responsibility of organization towards improvement of relationship withthe stakeholders. Company corporate responsibility including people, planet and profit. Every international and small business enterprise have their major role in providinggrowth to the country. In this context, there are various important function have been performedby Walmart to provide growth and development to people and sustaining the planet as well asprofitability. Some key steps which are taken by organisation are mentioned above:PeopleMajor stakeholders affected by behaviours of Walmart through the lens of personal relationships.Stakeholders are important part of business of Walmart which are always gets affected bythe decisions taken by organisation. The following are the main stakeholder’s groups consideredin the Walmart corporate social responsibility arranged as per the company's priorities:Investors: These are parties who are mainly interest in profits. They usually want theorganisation to get more profits rather than considering its responsibilities towards thepeople (Crane, Matten, and Spence, 2013). In order to investors are also interested inminimizing the cost of operations of the company because lower cost will lead to higherprofits which are considered as beneficial for investors of Walmart.Customers: These are considered as stakeholder groups. In the case of Walmart,customers are mainly interested in getting products at low prices as long as theseimportant products have appropriate quality. Further, Walmart is effective and successfulin fulfilment of interest of customers as a group of stakeholders.Employees: Individual working in Walmart are important for consideration in theirmanagerial decision making. In this context, employees have two important interest suchas job security and higher wages. For development of positions lens of relationshipcompany needs to full fill these requirements of deserving candidates.1
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