EVALUATING A CORPORATE-SOCIETAL RELATIONSHIP 1 Evaluating a Corporate-Societal Relationship Joanne Beavers BUS 475 Professor Aristotle Mante 01.29.2021 Evaluating a Corporate-Societal Relationship EVALUATING A CORPORATE-SOCIETAL RELATIONSHIP 2 The world economy's environment is interconnected in many ways, owing to increasing globalization and technological progress. Therefore, commercial ventures and primary stakeholders' relationships should be sincere for growth and wealth (Putra & Muzakir, 2020). That is mainly why successful worldwide corporations, like Wal-Mart Inc., aim to display ethical and liable conduct against dominant stakeholders, for instance, the community, suppliers, and consumers as a group, for a mutually beneficial result. Frankly, today's high-profile companies, including Wal-Mart Inc., owe their excellence to the connections they maintain with their critical stakeholders. Wal-Mart Inc. is a public limited company active in the retail industry, where it operates worldwide through its subsidiaries headquartered in a small country town Bentonville, Arkansas (Resche, 2020). Walmart offers a wide range of products and services to meet market requirements. Another way to put it merely, Walmart is a respected retail chain company with a global presence and a relatively broad product portfolio for its broad customer base. In addition to cosmetics, jewelry, alcohol, and automotive, the essential products and services offered and sold to customers include household items such as dishes, food, and health. Walmart sells fresh-cut meat, dairy products, deli & bakery products, confectionery, and a great deal to the general public. The renowned retail chain also offers various customer-centric retail services through the internet. It provides vital online retail services, including streaming digital content on demand (Resche, 2020). Also, the organization offers its clients essential services like private party labels. The diversity of products and services, tailored to customers' needs, enables the giant company to grow again and again and expand into new market areas while achieving success. Walmart has various products or services, particularly for the spending customers. While customers increase purchase items, whether in-store or online, Walmart has a higher sales volume, EVALUATING A CORPORATE-SOCIETAL RELATIONSHIP 3 significantly increased revenue, and growth. Walmart would not be as successful without customers continually purchasing products. The company would probably not be one of America's top leading retails with the top spot of twenty-twenty the Fortune five hundred. Walmart Inc.'s sturdy growth and recent performance demonstrate the critical influence of customers. In addition to customers, suppliers are the leading players that heavily influence Wal-Mart Inc. "s financial business. It usually purchases various prod ...

1. EVALUATING A CORPORATE-SOCIETAL RELATIONSHIP 1
Evaluating a Corporate-Societal Relationship
Joanne Beavers
BUS 475
Professor Aristotle Mante
01.29.2021
Evaluating a Corporate-Societal Relationship
EVALUATING A CORPORATE-SOCIETAL RELATIONSHIP 2
The world economy's environment is interconnected in many
ways, owing to increasing
globalization and technological progress. Therefore, commercial
ventures and primary
stakeholders' relationships should be sincere for growth and
wealth (Putra & Muzakir, 2020).
That is mainly why successful worldwide corporations, like
Wal-Mart Inc., aim to display ethical
and liable conduct against dominant stakeholders, for instance,
the community, suppliers, and

2. consumers as a group, for a mutually beneficial result. Frankly,
today's high-profile companies,
including Wal-Mart Inc., owe their excellence to the
connections they maintain with their critical
stakeholders.
Wal-Mart Inc. is a public limited company active in the
retail industry, where it operates
worldwide through its subsidiaries headquartered in a small
country town Bentonville, Arkansas
(Resche, 2020). Walmart offers a wide range of products
and services to meet market
requirements. Another way to put it merely, Walmart is a
respected retail chain company with a
global presence and a relatively broad product portfolio for its
broad customer base. In addition to
cosmetics, jewelry, alcohol, and automotive, the essential
products and services offered and sold to
customers include household items such as dishes, food, and
health. Walmart sells fresh-cut meat,
dairy products, deli & bakery products, confectionery, and a
great deal to the general public.
The renowned retail chain also offers various customer-
centric retail services through the

3. internet. It provides vital online retail services, including
streaming digital content on demand
(Resche, 2020). Also, the organization offers its clients
essential services like private party labels.
The diversity of products and services, tailored to customers'
needs, enables the giant company to
grow again and again and expand into new market areas while
achieving success.
Walmart has various products or services, particularly for the
spending customers. While
customers increase purchase items, whether in-store or online,
Walmart has a higher sales volume,
EVALUATING A CORPORATE-SOCIETAL RELATIONSHIP 3
significantly increased revenue, and growth. Walmart would not
be as successful without
customers continually purchasing products. The company would
probably not be one of America's
top leading retails with the top spot of twenty-twenty the
Fortune five hundred. Walmart Inc.'s
sturdy growth and recent performance demonstrate the critical
influence of customers.
In addition to customers, suppliers are the leading players that
heavily influence Wal-Mart

4. Inc. "s financial business. It usually purchases various
products alongside raw materials from
different suppliers and profitability. It typically buys other
products in addition to raw materials
from different suppliers and profitability. One could say,
without dependent, reliable suppliers,
Walmart could not provide the necessary goods, services to
customers, or what the market needs
(Kaplan, 2020). It would result in a decline in sales,
customer base, sales, and profitability,
necessary for sustainability, growth, development, and
subsequent prosperity.
Besides suppliers are, the government is a significant primary
stakeholder worth
considering, which considerably influences Wal-Mart Inc.'s
financial activities and ultimate
profitability. In addition to suppliers, the state is a significant
primary stakeholder, significantly
impacting Wal-Mart Inc.'s financial operations and eventual
profitability. Governments act legally
on guidelines and enforce laws that monitor the ethical behavior
of companies and interest groups.
However, governments usually implement corporate
accountability and ethics to other stakeholders

5. (Resche, 2020). For example, borrowed-related laws and ethical
issues are important issues, along
with environmental concerns, which generally attract the
sensitivity of almost all governments
around the world.
Therefore, compliance with various existing provisions is
crucial, as a violation of them
entails criminal and sometimes costly consequences of
possible trials. For example, failure to
EVALUATING A CORPORATE-SOCIETAL RELATIONSHIP 4
observe ethical and labor-related laws, including those related
to occupational health and safety,
may prove expensive concerning the litigation.
Many external environmental factors determine how this
organization conducts its
commercial activities in the competitive sector. These
include political, economic, social,
technological, and legal aspects, often required for success. The
overruling economic environment
plays an important role or affects the success of the company.
The recessionary or harsh financial

6. measures around a corporation involve customers and
suppliers' purchasing power and critical
stakeholders. Hence, this also lessens production and has a
blunt effect on profits on transactions,
which alters the sustainability, expansion of companies. In
2007 and 2009, the company
experienced a decline in economic production and
profitability due to insufficient demand and
inadequate purchasing power (Resche, 2020). Businesses
worldwide are witnessing an economic
boost in turnover, returns, and profits as the economy
experiences a boom in the liquid funds
needed for the growth that comes with an expansion.
Thus, technological aspects are another external environmental
aspect that markedly affects
the organization's wealth in a competitive industry. When a new
technological invention emerges,
simplifying productivity, performance, and after-sales
services, it is necessary to adopt it
immediately to improve competition. For example, in
technological developments, it had to take e-
commerce, on-demand streaming of digital content, and much
more into account to stay ahead of
the competition inefficient and effective after-sales

7. services. It improves sales and allots the
competitive to remain in the industry, creating competitors to be
jealous.
Walmart and other corporations have many social and economic
issues that frequently
emerge, which requires CSR awareness (Kaplan, 2020). In
recent years it was Hurricane Katrina;
now, the most significant catastrophe is the COVID-19, which
is going on for twelve months. This
EVALUATING A CORPORATE-SOCIETAL RELATIONSHIP 5
multinational response to current issues that demand something
back to society is commendable,
hence the tremendous development and ultimate success. The
outbreak of the infectious disease
Hurricane Katrina, a deadly coronavirus, has led to the company
quickly reacting to donating
various valuables in cash and humanitarian aid. Therefore, this
has formed a significant growth and
demand for the competitive industry.
In conclusion, Walmart has the privilege to have some top
decision-makers in the world
who have experienced corporate decisions. The most important

8. stakeholders have a high impact on
the business because they make important decisions about the
companies' failures and successes.
Stakeholder manages the company culture changes, and other
companies can learn from the
process. Responsible, ethical, and professional behavior by
organizations is necessary for growth
and wealth. As I stated above, Walmart owes its success to its
customers and suppliers. If Walmart
remained true to its purpose and consistently offered low daily
prices, they would have a
harmonious relationship with their customers.
EVALUATING A CORPORATE-SOCIETAL RELATIONSHIP 6
Source
Z Putra & M Muzakir. 2020. Competitive Environment Analysis
in Global Retail
Companies Operation Strategy. p. 5(01), 16-36. A Data
Envelopment Analysis (DEA) Based
Approach. AFEBI Management and Business Review.
C Resche. 2020. Walmart’s communication techniques for
sustaining stakeholder trust. p. 20(1),

9. 93-107.: How CEOs answer critics and reassure stakeholders in
their annual and CSR
report letters. Studies in Communication Sciences.
S Kaplan. 2020. Why Social Responsibility Produces More
Resilient Organizations. p. 62(1), 85-
90. MIT Sloan Management Review.
No author. No date. Corporations and their Social
Responsibility. https://milnepublishing.geneseo.edu/good-
corporation-bad-corporation/
chapter/1-corporations-and-their-social-responsibility/.
https://milnepublishing.geneseo.edu/good-corporation-bad-
corporation/chapter/1-corporations-and-their-social-
responsibility/
https://milnepublishing.geneseo.edu/good-corporation-bad-
corporation/chapter/1-corporations-and-their-social-
responsibility/