The paper "Wal-Mart: Stakeholders Analysis" is a great example of a case study on finance and accounting. In the case, the Alejandra and David Barstow, the two journalists who followed and aired out the story is the first stakeholder. The two were very critical in this case of Wal-Mart's lawless mechanism of trying to shape out an empire in Mexico such that they were applauded by the media and business world. They were influenced by the power of driving out the vice of corruption and the urgency of maintaining ethical business across the globe.
Since they are Journalists and before they aired the episode, they had substantial evidence, Wal-Mart should involve and collaborate with them in ensuring that the company is back on track. This will yield more benefits since stakeholders will not be withdrawing their shares due to fear. Moreover, Wal-Mart should ensure that these journalists are safeguarded or monitored since this information can help in their investigations. The second stakeholder is the regimes of both countries of Mexico and the U. S. These governments immediately came into action and setup up committees that will brief them and report on this matter after their laws were violated.
They two governments used the power and legitimacy they had in issuing licenses and safeguarding the law to ensure it is not breached to enrich some corporate (Friedman and Miles 96). This is an unethical practice, and Wal-Mart should engage them in streamlining their activities. The third stakeholder is the CEO, LeeScott Junior, who after Wal-Mart set up a team for its own investigation, outrageously criticized them on the ground that they were trying to treat officials with much aggressiveness.
The CEO used the power of his legitimate position to influence the issuance of bribe. In this case, Wal-Mart should monitor all his records and conduct to ensure that all partakers are arbitrated. Eduardo Castro Wright is the fourth stakeholder. He was the man behind the bribery racket plan and instead of being convicted, in the year 2008; he was promoted to a post of the company’ s vice-chairperson. Eduardo is an influential person, and he used the urgency Wal-Mart had in expanding its chains to buy off his promotion.
Wal-Mart should involve and defend him in order to realize the information can help in settling the issue. Nevertheless, he should be punished for his actions.
Friedman, Andrew, and Samantha Miles. Stakeholders: Theory and Practice: Theory and
Practice. Oxford: Oxford University Press, 2006. Print