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¶ … Wal-Mart Good for America?
The story of Wal-Mart is a reflection of a company that has experienced unprecedented growth from its humble roots as a single store to an extent that it has become the most powerful retailer in the worldwide economy. This company has set the standard for many 21st Century businesses just like General Motors and U.S. Steel characterized the 20th Century corporations. The success of Wal-Mart can be attributed to several factors including its transformation of the conventional push system to a pull system where retailers inform the manufacturer what to produce and how much. This change has enticed several multi-national manufacturers like Kodak and Hoover to establish their offices near the global headquarters of Wal-Mart. The pull system that contains unparalleled accuracy and efficiency has enabled Wal-Mart to know exactly what to buy and the costs of buying it.
One of the major motivation and challenge for Wal-Mart is to maintain low costs of its products while providing customer...
This business strategy has enabled the firm to have huge impacts on the American economy and people. Since its inception, the company has continued to have positive or advantageous impacts on American people and its economy. Some of the positive impacts of Wal-Mart on the United States people and economy include increasing productivity in retail trade, creation of consumer surplus, and creation of jobs.
Wal-Mart has certainly and enormously increased productivity in retail trade as workers in this trade are able to do much more. The increased productivity originates from the ability of workers in retail trade sell more products and get more goods to the consumers. In the past two decades, the labor productivity of the company, which is part of the retail trade industry, has increased by approximately 8% annually. While the increase is exceptionally unusual for the retail trade industry, its fare greater that the productivity of the rest of the American economy. The increased…
Reference:
Vedder, R.K. & Jacobs, K. (2007, May 8). Is Wal-Mart Good or Bad for America? A Debate.
Retrieved June 22, 2012, from http://www.independent.org/events/transcript.asp?id=125
Wal-Mart is the name that is well-known to all the households these days because it has established itself as the largest retailer the world over. The sales of Wal-Mart are growing with every passing day as the sales totaled up to more than $280 billion, according to the reports published in 2004. However, it should be noted Wal-Mart did not appear on the international with more than 4500 stores in
Wal-Mart International Expansion International Expansion (Wal-Mart) Company Background Wal-Mart Stores, Inc. is the prime retailer in the world, the world's second-largest company after Exxonmobil and the nation's leading nongovernmental company. Wal-Mart Stores, Inc. operates retail stores in a variety of retailing layouts in all 50 states in the United States. The Company's selling operations and functions serve its customers mainly through the operation of three segments. The Wal-Mart Stores segments comprise its discount stores,
The result of this is a company that consistent meets its objectives for cost reduction, growth and profits. Works Cited Faletta, Salvatore. (2005). Organizational Diagnostics Models: A Review & Synthesis. Leadersphere.com. Retrieved October 30, 2008 at http://www.leadersphere.com/img/Orgmodels.pdf Nadler, David; Tushman, Michael & Nadler, Mark B. (1997) Competing by Design: The Power of Organizational Architecture. pp. 28-39 Retrieved October 30, 2008 at http://books.google.com/books?id=pemtYXc1Y1gC&pg=PA28&lpg=PA28&dq=nadler+tushman+congruence+model&source=web&ots=QI3cHfWVfu&sig=LO7-ujjwO6zj0ebfkBwQxDkBcBM&hl=en&sa=X&oi=book_result&resnum=2&ct=result Cawsey, Tupper F. & Deszca, Gene. (2007). Toolkit for Organizational Change.
Wal-Mart and Employee Rights Labor cost is always considered as the main issue, mostly in case of employees' unionization at Wal-Mart. This was noticed when Wal-Mart showed a remarkable earning at the rate of 44% per annum for its labor working on hourly basis. Another point which brought this issue ahead was when the sales clerk of Wal-Mart in 2001 earned wages below Federal Poverty Scale. According to an issue of
Wal-Mart Nation The dream of Sam Walton was a simple one: "Give people high value, low prices and a warm welcome" (Walton, 2003). At an early age, he was working hard delivering what the customer needed and wanted at a reasonable price - newspapers and selling milk from the cow (Huey, 1998). The development of Wal-Mart, KMart, and Target has brought about a retail business that is highly competitive within the
" In fact, Richard S. Tedlow, Harvard Business School professor of business administration said in his interview with the LA Times that: "You could argue that some of what Wal-Mart does to cut costs has been win-win." "What's being squeezed out is waste." In spite of all that negative effects of Wal-Mart, those that have promise and stick with Wal-Mart are laughing all the way to the bank on payday with store