BUSINESS & GOVERNMENT Article Example | Topics and Well Written Essays - 1000 words

BUSINESS & GOVERNMENT - Article ExampleFurther, the managers at Wal-Mart would determine closely with the governance to ensure that incentives offered are utilized for the growth of the company. Government is working hard to put in place long term measures that entrust save businesses such as Wal-Mart in case of an economic meltdown. For instance, introduction of greater ties between the interests of business and society influenced operation of Wal-Mart in terms of aim its products and services for its customers. The new regulations that the government has put place aim to promote desired behavior by preventing the company from exploiting customers. For example, Wal-Mart Company had to ask its suppliers to report about(predicate) its sustainability programs by asking them to report on their environmental concerns such emission of greenhouse gases. In addition, Wal-Mart is offering funding for the development of the second party consortium, which aims to adjudge information abou t the environmental footprint of its products. Other public concerns such as creation of environmental friendly products, workplace education, and training influence how Wal-Mart operates. As Wal-Mart aims to expand outside the US, government is decreasing control crossways national borders which implies that it is easy to circumvent tough business regulations at home while at the same time wash upting more friendly rules overseas where the company give be able to make profits (Reich, 2009). The move by the government to be less involved in the operation of businesses has created a close working relationship between government and businesses. For instance, Wal-Mart is opening supercenters and small shopping centers across the US to reach all customers. More so, this has enabled it to venture into other businesses such as banking, travel services, internet services and used cars. Reich (2009), states that, the government is coaxing its operations but not regulating it, which in tu rn has made the company successful. If the government engaged in regulating behavior, it would have blocked innovation at Wal-Mart but the introduction of coaxing measures has encouraged its innovation and expansion in US and other parts of the world. Furthermore, the government has allowed Wal-Mart to decide how to achieve its desired outcomes. For example, preferably than force the company to offer specific employee benefits, Wal-Mart has been allowed to offer a minimum amount per employee into a common fund accessible to those who do not get such benefits. Wal-Mart managers engage with the government as opposed to shielding it from participating in its activities. In this manner, it is of great benefit because the system is efficient and affordable whereby two parties benefit. For any business to succeed, managers need to devote attention to public concerns and try to come up with solutions before those concerns develop into political action. For instance, it is important for W al-Mart to convince its customers that they will produce quality goods at low prices. Wal-Mart has been vulnerable to attacks regarding ethical issues. In this purview, they have been accused of providing low pay and poor working conditions to workers. Environmental issues as well as threaten Wal-Marts success. This is against government demands, which requires that all businesses must be responsible for the activities. Further, they have to develop public trust to enable the business thrive. Managing the extended initiative Corporate social responsibility is the ability of a company to conduct its business