The Big Box Store versus The Small Business Essay

The collection of private, commercially oriented organizations, ranging in size from sole proprietorships to large corporations is referred to as

Collective action problems arise in politics because as individuals we are conflicted between our own interest and the interest of the group. Our choice is either to be selfish or cooperate with the group. “It involves building, combining, mixing, and amalgamating people’s individual goals” (Lowi, et al. 13). There are three main theories as to why collective action problems exist. First, according to Mancur Olson individuals are tempted to free-ride which is getting a benefit without contributing to it and that no individual is incentivized to work for the collective good. (Lowi, et al 571). Free-riding becomes a bigger issues as a group gets larger. Second, the Prisoner’s Dilemma is a theory in which there are two individuals in a situation were neither has an incentive to cooperate although both would be better off if they did cooperate. Third, the tragedy of commons occurs when individuals’ use of a resource causes its depletion however it’s supposed to be shared by everyone. Collective action problems are difficult to solve because a group is formed to achieve common goals however as individuals we have different objectives and preferences. This is most evident in politics. My goal in this paper is to provide three different solutions to collective action problems in politics specifically in political parties, electoral process and interest groups.

1) Should Wal-Mart be expected to protect small businesses in the communities within which it operates?

The purpose of this business report is to gain familiarity with Wal-Mart and to learn about the different aspects that make Wal-Mart a successful company. This report gives an in-depth analysis of the company history, services and products provided, the company philosophy, business methods, organizational structure, and financial and competitive analysis.

Retail super-giant Wal-Mart has fought its way to becoming the world's largest company. Wal-Mart’s legendary supply chain technology has allowed them to break the three-day barrier that some economists in the eighties felt that it was unbreakable. In other words, Wal-Mart is often able to replenish items on the Wal-Mart shelf in less than three days – not from the central warehouse to the shelf, but from the manufacturer to the shelf. With quick and reliable 2-day turn around, Wal-Mart is able to maintain lower levels of inventory and still meet customer demand. These lower inventory levels result in either a reduced floor plan with lower carrying costs and lower interest expense – or a greater diversity of products on the store shelves.

In contrast, Ewert (1989), does not view the free market as a type of “survival of the fittest” economic system, rather, Ewert maintains that an individual in the free market cannot proceed with any form of a transaction through the use of force or coercion. In fact, the free market system heavily relies on an agreeable economic exchange between parties (Ewert, 1989). I have concluded that I agree with Ewert’s position on the requirement of producing pleasing offers in the free market. Besides, in the realm of the free market system, a person must enter into a consensual and beneficial arrangement in order for all parties involved to receive what they each

In 1950, former J.C. Penny employee, Sam Walton opened Walton’s Five and Dime in Bentonville, Arkansas. By 1965, in the same small town Walton would open the first Walmart store unknowing that his investment would become the world’s largest retailer. By keeping sales prices low Walton was able to get ahead of the competition and successfully opened an additional store within the same year. Walton’s success continued and by 1967 his chain of stores had grown to 24 locations, and was bringing in about $12.6 million dollars in sales annually.

to see where the company is now with the use of a brief Swot analysis.

“Up Against Wal-Mart” by Karen Olsson, a senior editor at Texas Monthly and who’s article appeared in Mother Jones, introduces her article through the perspective of a Wal-Mart worker. She focuses on the negatives of Wal-Mart by telling the real life struggles of different Wal-Mart employees. “Progressive Wal-Mart. Really.” by Sebastian Mallaby, a columnist for the Washington Post, focuses his article on what Wal-Mart critics say and attempts to defend Wal-Mart by comparing Wal-Mart to other retailers. Even though Karen Olsson and Sebastian Mallaby both examine the negative effects of Wal-Mart, Olsson berates Wal-Mart’s unfair treatment towards employees and the unlivable wages that the world’s largest retailer provides while Mallaby

Wal-Mart represents the sickness of capitalism at its almost fully evolved state. As Jim Hightower said, "Why single out Wal-Mart? Because it's a hog. Despite the homespun image it cultivates in its ads, it operates with an arrogance and avarice that would make Enron blush and John D. Rockefeller envious. It's the world's biggest retail corporation and America's largest private employer; Sam Robson Walton, a member of the ruling family, is one of the richest people on earth. Wal-Mart and the Waltons got to the top the old-fashioned way: by roughing people up. Their low, low prices are the product of two ruthless commandments: Extract the last penny possible from human toil and squeeze the last

For my project, I ran Coffee-Roma, a coffee shop located in the business district of a large city. My simulation ran for 60 days. Over this timeframe, I hired 7 employees and earned gross revenues of $89,984.20. From those revenues, my net profit totaled $14,046.83. Below are the details of how I attempted to best run my business.

Second, and most importantly to me, is the quality and high standards that chain stores possess. In my personal experience, chain stores have a decent amount of staff available to assist you with knowledge of product and great customer service. In the few local shops I’ve stepped into, I have rarely been greeted or assisted unless I managed to chase down a dour-looking employee to begrudgingly answer my questions. In Postrel’s essay, she hits the nail on the head by asserting the idea that whether a store is local or a chain, they are still quite similar in products they sell; “A hardware store was a hardware store, a pharmacy a pharmacy. ”(p.

Wal-Mart is sitting at number one on the Global Fortune 500 list. Sam Walton would never have thought that his creation of Wal-Mart in 1962 would lead to a global dynasty. By 1972 Wal-Mart went public which gave an infusion of money and capital for Mr. Walton that gave them 276 stores by 1980. In the mid 80's Wal-Mart expanded to having member only warehouse stores, Sam's Club. From there Wal-Mart opened supercenters that included full grocery and 36 departments of regular merchandise. By the end of the 1980's there were 1,402 stores and 123 Sam's Clubs (Wal-Mart corporate 2012).

 Illustrates low prices and at the same time, not portray a cheap image to consumer.

Wal-Mart is a world-wide active American retail trade company and currently the largest retail company in the world. Beginning in 1962, Wal-Mart has made the transition from a small firm in Arkansas to the largest employer with 3, 800 store units in the United States with record revenues today. But nevertheless, since Wal-Mart launched its online branch, it had to suffer from substantial setbacks from competitors such as Amazon.com or Ebay.