We Ran Walmart 's Csr Through The Following Seven Ethical Test

1173 Words Nov 18th, 2016 5 Pages
We ran Walmart’s CSR through the following seven ethical test; Friedman Theory, Utilitarian Theory, Stakeholder Theory, Ethical Egoism, Categorical Imperative, Entine and Jennings and Conscious Capitalism.
The Milton Freidman theory is that a business has only one social responsibility, and that was to increase profits without breaking laws or being deceptive. Walmart 's Global Report appears to be beneficial to society as a whole by proclaiming dedication to sustainability, community, employees, and the environment but Friedman might argue that it is just another “way for a corporation to generate goodwill as a by-product of expenditures that are entirely justified in its own self-interest” (Jennings, 2015, pg. 113). Considering the actions of Walmart outside of their policies, it is not difficult to assume that the public declaration of initiatives involved in Walmart’s Global Report are likely more self-serving than they initially appear. As Friedman acknowledges, many businesses mask their actual intents (driven by profit) in “social responsibility,” therefore gaining goodwill and positive public outreach while simultaneously pursuing their own goals. A great example of this is how they handle the veteran’s employment initiative. Walmart’s veteran employment initiative clearly provides a positive spotlight on the company in terms of the public, but there may be underlying reasons that also support this program. There are government programs that exist and provide tax…

Related Documents