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Management in the News Organizations may exercise social responsibility toward their stakeholders, toward the natural environment, and toward the general social welfare. Some organizations strive to be responsible in all three areas, while others may choose to emphasize only one or two areas. It's not uncommon for a company that is perceived as socially responsible in one area to be less than responsible in another. Consider the example of Walmart. Walmart was found liable of failing to have a program in place for dealing with hazardous waste; additionally, the company neglected to train employees in proper hazardous waste management and disposal at the store level. As a result, Walmart employees poured hazardous waste into local sewer systems, or disposed of it in municipal trash bins. Hazardous waste was also improperly transportedwithout adequate safety documentation-to one of six different disposal sites in the United States. The company paid fines of more than $81 million. On the other hand, Walmart has implemented a number of initiatives, focusing on four key areas: 1) Social responsibilityPromoting women's economic empowerment, giving more Americans access to healthy food, and helping relieve hunger; 2) Local responsibility, Making microloans, implementing school nutrition programs, assisting with disaster relief, and promoting local farming; 3) Environmental responsibilityReducing energy use and plastic shopping bag waste, eliminating landfill waste, and requiring stricter product sustainability guidelines; 4) Company responsibility-Stakeholder engagement, promoting basic values, worker safety, corporate compliance, and governance. The Walmart Foundation and Walmart exceeded $1 billion in charitable contributions worldwide. Renewable energy sources account for 21% of Walmart's electricity worldwide. Indicate the area of social responsibility targeted by each Walmart initiative. Environment Social Welfare The Walmart Foundation and Walmart exceeded $1 billion in charitable contributions worldwide. Eliminating landfill waste a 1ooo Walmart and the Walmart Foundation are providing career opportunities for nearly 1 million women and 100,000 U.S. veterans. O Complete the table by organizing the arguments for and against social responsibility into the correct columns. Arguments for Social Responsibility 1. Arguments against Social Responsibility 1. 2. 2. 3. 3. 4. 4. 1. 2. Business lacks expertise in social programs. 3. 4. Businesses create problems and should help solve them. Corporations are citizens in our society. Ar Arguments against Social Responsibility Involvement gives businesses more power. 1. 1 2. 2. 3. 3. 4. 4. Ar There may be conflicts of interest. Arguments against Social Responsibility 1. 1. Businesses have the resources to solve problems. 2. . 3. 3. 4. 4. Arguments against Social Responsibility 1. Arguments for Social Responsibility 1. Business is a partner in society. 2. Business exists to generate profit for the owners. 2 3. 4. 4