Wal Mart Organization As My Company Of Interest

Walmart is the world's largest company by revenue (approximately four hundred and eighty billion dollars) and the largest private employer in the world with two point three million employees. Walmart is also one of the world's most valuable companies by market value, and is also the largest grocery retailer in the U.S. “One Nation Under Walmart” is a case about how Walmart has taken over the retail business and the effects of their market domination. The case also shows statistics of how much percentage Walmart is of many suppliers’ sales. According to the case Walmart has a 30% market share of all household items. Twenty-eight percent of Dial’s business and twenty-four percent of Del Monte’s business go through Walmart stores. It is also worth noting that Walmart imports ten percent of all United States imports from China. The case states that Walmart is able to offer cheaper prices because they put so much pressure on their suppliers to lower their prices. The case, “One Nation Under Walmart”, explains the problems that some people have with the massive retailer. One of these problems is how Walmart has forced numerous local businesses to close their doors through their extremely competitive pricing. They are able to purchase bulk goods at such low prices and thus pass the savings onto customers. As a result of these lew costs, rivals are driven out of business which results in a loss of jobs. Jobs are vital to the success of a community and with Walmart causing job

Over the years, Walmart has been at the center of controversies with regards, its low wages; overtime pay abuses, employee benefits, gender discrimination, negative impact on small business, immense dealings with China, tax avoidance and much more (Crofoot, 2012). Employees have been dissatisfied with these issues but seem as if they can’t voice it

The evolution of Wal-mart from the early 1960s to the present day has set a benchmark that few can achieve. Wal-mart executives have been successful nationally as well as globally. The knowledge and expertise in economics have made Wal-mart a global giant. The research completed is the final recommendations by the members of research team C and will address questions regarding global competition and issues of the organizations ability to expand or reduce current operations.

Many people may ask the same question. “Is Wal-Mart good for the economy?” or even “What are Wal-Mart’s standards for suppliers?” Wal-Mart currently has over 4,000 stores in the United Stated and about over 3,000 internationally. As many people may know, Wal-Mart is the largest retailer in the world. In the year of 2004 Wal-Mart had accounted for 6.5 percent of the retail sales. The wellbeing and prosperity of specialists over their production network is the Mindful Sourcing bunch 's top need, which may be the reason Wal-Mart suppliers are contractually needed to sign their “Benchmarks for Suppliers” before they can even be endorsed to deliver stock available to be purchased at Wal-Mart. These Norms for Suppliers make clear their essential desires for suppliers and processing plants in regards to the treatment of laborers and effect on nature. Suppliers are as well needed to show the “Norms for Suppliers” in the nearby dialect in all industrial facilities where items have been made for them, so specialists know the desires of suppliers and plant administration. In this case, many citizens may believe that Wal-Mart may be both good and bad for America in many different ways. This store has been the cost of many people losing their jobs, but it has also helped keep the United States inflation down. Although Wal-Mart does help create many jobs for people, it does not pay them at

Poverty-level wages, meager benefits, unbridled outsourcing, and anti-union policies all make the list for why Wal-Mart is seen as a lousy employer. According to Dicker, for a full time worker, “average annual take-home pay totals around $18,000 a year… For a family of four, the figure is nearly $1,000 below the poverty line.” In addition, health insurance rates are priced far beyond what most workers are able to pay, making Wal-Mart employees one of the largest groups in the country to seek public assistance. Government aid includes housing assistance, free or reduced lunch for grade school-aged children, tax credit, and Title 1 education funding. The perceived result is that Wal-Mart’s low wages come with a public

Wal-Mart is bad for our local economy, yet we still choose to shop there. As a result the hope of this research is to better frame the friend-or-foe debate over Wal-Mart. Wal-Mart is one of the largest retail chains in the world. When Wal-Mart comes to a community, it brings along with it a number of significant changes. My research will demonstrate some changes are good and others are not so good.

The success of companies in today's market place is a process that involves the way business practitioners manage its workers and the financial resources and structures. The management of employees, structures, and financial resources includes the development and establishment of effective compensation strategy. Actually, the lack of a sound compensation system has negative impacts on the company's ability to recruit and retain competent and best-qualified employees. Consequently, compensating workers represents an important practice of a company's human resource management (Martocchio, 2013). Wal-Mart is not only a cultural but also a business phenomenon that operates in a competitive environment that is very unique. The company has grown steadily since its inception to an extent that it has become the number one ranked firm on Fortune 500 for four consecutive years. The success of the company is attributed to sound business practices and strategies throughout the years. Currently, the firm has over 1.3 million employees in America, making it the largest employer in the United States. In addition to being the biggest corporation worldwide, Wal-Mart's ability to attract and retain qualified employees is based on its compensation strategy.

Wal-Mart is the world's largest retail and departmental store chain. Having business operations in 27 countries with 69 different brand names, Wal-Mart is able to serve a huge number of customers per day. Wal-Mart is the fastest growing and the most successful retail brand in the world. The factors which make it the strongest brand in its industry include large customer base, sound financial strength, strong brand image, and huge supply chain network. Wal-Mart has certain weaknesses in its operations and business setup like low acceptability of certain products, high employee turnover, and less recognition of newly introduced brands. These weaknesses can be overcome by availing attractive opportunities from the market and investing more in the most profitable areas. Wal-Mart faces the biggest threat from its competitors and ever-changing customer preferences.

Organizations that are committed to retaining good workers must also provide adequate compensation that allows employees to feel the organization cares about their needs. In order for Wal-Mart to remain competitive they must offer a compensation package that employees feel is fair and comparable to other organizations. If employees feel that the organization does not care or place any value on their individual needs employees may not remain with the organization and/or adapt the desired behaviors the organization requires, to provide superior customer service.

When one considers Wal-Mart, their initial thoughts are usually not very distasteful, and convenience is quick to come to mind. Convenience should be considered a four-letter word for most corporations since the cost of convenience is so much that it does not take a world-class poker player to know the odds of coming out ahead are zilch. In order to make convenience a profitable business, Wal-Mart has to hide the shortcuts behind the façade of convenience. Once we get passed the faced that allows reduced prices, a one stop shop, and price matching, we get to Wal-Mart 's massive file of wrong doings. Wal-Mart imposes severe conditions and bully tactics upon its employees and even its outsourced providers. Throughout the research of this paper it has become obvious that the benefits and money in the pockets of shareholders greatly outweigh the costs of proper security policy guidelines, cost of proper benefits, and the cost of the lives of the Wal-Mart blue vest wearing employees versus corporate Wal-Mart. If Wal-Mart wanted to show appreciation for their customers, then they would re-invest in their employees and the establishment of providing proper safety measures, as well as health insurance that is stable. Instead, Wal-Mart offers laughable settlements to workers in a foreign country that were crushed in a building while showing loyalty to providing their products to their bargain shoppers, or forced customers due to destruction of local competition through price

For years Walmart dominated in what Mark Mahaney of RBC Capital says is the key to successful retailing: price, selection and convenience (Stewart). Now it seems that Amazon has surpassed Walmart in every single category. Through the combination of its large warehouses, listing the inventory of other small retailers on their website and two day shipping for their Prime members, Amazon is leading the way in customer satisfaction (Stewart). It is to the point where even Walmart’s chief executive Doug McMillon said, “Retail history is very clear. Those that are unwilling or unable to change go away” (Stewart). The fact of the matter is that Walmart is feeling the pressure of competition and is willing to do anything to please its stockholders and retain investment. This indicates that Walmart is willing to work with a cheaper supplier for many of its products, even if that means putting worker’s rights second. Walmart is notorious for using its power to “persuade” their manufacturers to give them the best price possible. This means that although endangering the lives of the manufacturing workers is not Walmart’s main goal, it is a symptom of being the “most competitive” retailer. This rising competitive pressure forces Walmart 's one track mind to neglect its responsibilities as an ethical company.

Business information is not perfect at Wal-Mart Stores: economic experts are not dismayed or surprised with the unemployment rates at the stores. Employees at Wal-Mart stores are likely to be affected by frictional unemployment. This occurs at a result of everyday changes in the company's economic structure, which is likely to lead to the death of the firm. Employees at Wal-Mart are likely to get tired of the old bosses and old jobs. Bosses at Wal-Mart find the claim that subordinates are producing unsatisfactory work: workers are likely to enter and re-enter at Wal-Mart (Peterson, & Fabozzi, 2009).

This theory comes from the question what makes people satisfied and what do they value. Wal-Mart’s employees express their dissatisfied with their pay and benefits package. Most employees can’t afford or aren’t eligible to receive their healthcare package. Wal-Mart continues to feel the effects and consequences by having a high turnover rate with employees. Most of Wal-Mart’s turnovers are voluntary, leaving the cost to be substantial to Wal-Mart. Wal-Mart’s turnover rate is absolutely appalling. Approximately 70% of Wal-Mart employees quit outright within the first 12 months. This could be that Wal-Mart is openly against any kind of labor union within their organization and will stop at nothing to keep collective bargaining away. (Keil, 2005)

The company I am reviewing for this research paper is Walmart. Walmart is a global company that originated in the 1960’s by its founder Sam Walton. Mr. Walton opened his “first retail store in Rogers, Arkansas in 1962” (Walmart Corporate). The current “home office is located in Bentonville, Arkansas” (Walmart Corporate). In 1991 Walmart became a “global company when it opened a Sam’s Club in Mexico City, Mexico” (Walmart Corporate). As of this year “Walmart employs 2.2 million associates worldwide and serves more than 200 million customers each week at more than 11,000 stores in 27 countries” (Walmart Corporate).

Wal-Mart's stance on not allowing unions can also be accredited to their cost leadership approach. When I outline Wal-Mart's business policy at the start of this essay, I suggest that they were a central-control based organisation that tried to ensure it controlled all aspects of the firm. This is linked to cost leadership, by having tight control they know exactly where money is going and where it is coming from which allows for better development of efficiency.