IntroductionAlthough the main goal of managers is to maximize shareholder wealth, many companies have begun to focus on the interests of other stakeholders in recent years. The firm can avoid transferring damage to stakeholder wealth to shareholders when it focuses on stakeholder interests. In other words, corporate “social responsibility” is about nurturing relationships among stakeholders to ensure the long-term interests of shareholders. In this way, conflicts, staff turnover and disputes between stakeholders can be minimized. Obviously, a company can achieve its main objective by cooperating with stakeholders instead of entering into conflict with them (Smart, Megginson, Gitman, 2002). Stakeholders represent the interests of an individual or groups directly or indirectly affected by the activities, policies and objectives of the organization (Henry Fréchette, 2010). Stakeholders can be divided into internal (managers and employees) and external (shareholders, customers and suppliers) (BPP F9). Different stakeholders may have common interests or conflicting interests with the company. Board members or company management must look after the interests of stakeholders. They cannot make decisions based on their own interests or their relationships with other organizations. A conflict of interest will arise when the interests of the organization act in concert with the personal interests of managers or the interests of another person or organization (Anon, n.d.). available in different jobs. Most employees also want to keep their job (ACCA F9). However, when gender discrimination occurred in a company, there was... middle of paper ... because it would affect the interests of shareholders if the company did not do its business well. This article discusses why Wal-Mart is not doing well in the global market. The main reason Wal-Mart is currently facing is the internal and external problems. Internal problems include management and employee conflicts, while external problems are conflicts with suppliers and the environment. These conflicts could cause Wal-Mart shareholders to lose confidence in investing in their company, which would also affect the company's stock price. This will cause difficulties for Wal-Mart to fight against its competitors in the global market and expand its business to new markets. To prevent these problems from occurring, Wal-Mart should find solutions to resolve conflicts. So that Wal-Mart can maintain good relations with its stakeholders and shareholders rather than severing their relations.