Business and Global Society - Walmart

Running head: BUSINESS AND GLOBAL SOCIETY
2020
Walmart
2/14/2020
Business and Global Society

BUSINESS AND GLOBAL SOCIETY 1
Table of Contents
Introduction................................................................................................................................2
Overview of Walmart.............................................................................................................2
Shared Value of Walmart.......................................................................................................2
Walmart’s approach to Global Responsibility – Shared Value..........................................3
Shared Value Priorities and Aspirations for 2025..............................................................4
Conclusion..................................................................................................................................7
References..................................................................................................................................8

BUSINESS AND GLOBAL SOCIETY 2
Introduction
This report intends to discuss the concept of shared value which is a rising approach
in the corporate responsibility arena and an increasing number of firms are getting involved
in this to improve their corporate citizenship. This report has taken into consideration the
share value approach adopted by Walmart and its analysis.
Overview of Walmart
Walmart is a well-known multinational retail corporation of America that is involved
in the operation of discount stores, hypermarkets, and grocery stores with headquarter in
Bentonville, Arkansas. 1962 was the year when the company was established by Sam Walton
(Walmart Inc., 2020b). The company is also involved in operating the Club retail warehouses
of Sam. As per the 2019 reports, Walmart holds around 11,438 stores across the world
(Walmart, 2020).
Shared Value of Walmart
Shared value is a part of social responsibility but considered to be a new means of
attaining economic gain in the market by the businesses. It is also called as the management
strategy through which businesses search for opportunities from the social problems (Shared
Value Initiative, 2020). While CSR and philanthropy concentrate on the efforts of “giving
back” or decreasing the business harm on the society, but shared value concentrate on the
leaders of the company on increasing the value of resolving the problems in the society in a
new way such as cost-saving, retention, etc. Many of the businesses are now focusing on
rebuilding their models of the business across social goods, which helps them in attaining
competitive advantage against their competitors (Liel, 2016).
Walmart is aimed towards using its strength and work together with others for the
transformation of the system on which the business can rely upon, including proceeding their
determined commitments and objectives in the precedence areas of opportunity, community,