Wal Mart : The Key Elements And Problems That Occurred Within The Business Sector Essay

Wal-Mart is a brand that is well known around the world, especially in the USA. It has gradually developed into the largest retailer in the world. Wal-Mart’s globalization efforts have been happening rapidly. But have they been successful in all aspects of their international expansion or not? This is the main thought that is going to be discussed in this essay. The questions I will be looking at are based on a case called “Wal-Mart takes on the world” from the book of International Business The Challenge of Global Competition eleventh edition – Ball, McCulloch, Geringer, Minor, and McNett. Questions are the following:

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

On July 2, 1962, Sam Walton opened his first Wal-Mart in Rogers, Arkansas. Over 50 years later, Wal-Mart became known as the largest private employer in the United States and the largest retailer in the world. Wal-Mart have expanded to over 4400 stores across the globe. Americans truly love Wal-Mart. When there is not any groceries at house the first thought comes to mind is Wal-Mart. Wal-Mart have the cheapest and lowest price that everyone can afford, so when the groceries are scarce at home most often Wal-Mart will be the next stop. People love shopping at Wal-Mart since it is more convenient than any other store around. Wal-Mart plays a tremendous growing role in America’s economy. More than 100 million customers visit Wal-Mart every week, but is Wal-Mart good for economy? This a question that many Americans never assumed or inquired. Wal-Mart is effecting America in a lot of ways. Wal-Mart has devastated thousands of small industries and innumerable manufacturing jobs over the past decades (Economy in Crisis). Wal-Mart has become so massive in retail that it sells five times more than any other retailer in the country. Sadly, 85% of the items on Wal-Mart’s shelves comes from foreign countries. This in turns hurts America’s economy, taking thousands of jobs away and taking countless revenue. Wal-Mart is a textbook illustration of where our economic system is headed.

Wal-Mart is considered one of the biggest employers in the U.S. with 25 different stores in most states also worldwide. One out of every 10 retail workers in the industry is employed by Wal-mart. When you think of Wal-Mart, you think of bargain items in any department of your choice. Hundreds of people visit Wal-mart on a daily basis, whether it is a big city or a small country town. Even though the business has created lots of jobs for people, especially in the smaller cities, it does hurt the small businesses. Wal-Mart has been viewed to have destroyed tens of thousands of small businesses and manufacturing jobs (Wal-Mart’s Impact on America 2012). With the opening of these Wal-Mart stores, it displaces other retail workers in the rural areas (Who win with Wal-Mart, 2011).

"Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer..." Adam Smith.

On July 2, 1962, Sam Walton opened the first Walmart in Rogers, Arkansas. Walmart’s story is the story of American capitalism. According to a 2012 study, more than 140 million Americans shop at Walmart each week. That’s more than how many people were at the 2012 Super Bowl. But there’s more to Walmart than what is on the surface. In this essay, I want to talk about and present the company’s actions.

Furthermore, another element apparent in the low-cost strategy of Wal-Mart is the cost conscious corporate culture. The company was started by a man named Sam Walton who developed the company to have “every day low prices”. He is also known for saying “if we work together, we’ll lower the cost of living for everyone”. Every since Sam Walton started this company, the entire company has strived to be a low-cost leader. Various leaders of Wal-Mart have never sought to change the philosophy the company was built on, but continued to build upon it. It is the focus that underlies everything they do. It is also an approach that has garnered success. Low-cost strategies are unable to work on products that are uncommon and that few people purchase, but because Wal-Mart

From a gallon of milk to a complete home makeover, Wal-Mart is the kind of store consumers (to include myself) go to buy all their home goods. What we don’t see are the management aspect of the operations, the issues stores, management, and executives go through on a daily basis. Wal-Mart has several challenges it goes through, from self-inflicting wounds to battling competitors for the lowest prices and consumer business. However its CEO’s both past and present have set the foundation and direction of where Wal-Mart is to be headed in the 21st century. With direction and orders in-hand, its top executives have developed

Walmart is one of the largest corporation in the world. It is widely known for its products that are sold at low prices. There are about 6,300 Walmart stores which millions of people have been given the opportunity to work in. Consumers are Walmart’s number one priority and they will never fail to assist the customers in any way they can. There are many consumers in today’s market who will only go to Walmart to buy groceries and other necessities they might need for their daily lives. Although Walmart provide for their consumers’, research has found that they need to improve in providing for their employees which will allow them to be a better company for their community. This paper will first address the history of Walmart stores in regards to the impact of the stores on society and the economy, and then from this provide ways in which the Walmart company can better itself for the betterment of the society.

Wal-Mart 's growth in the United States’ market has sparked increasing debate about the economic impact of its expansion. As a contribution to this debate, Wal-Mart commissioned Global Insight to undertake an independent research effort to analyze this issue. The goal of this research was to independently and credibly document the national- and local-area impacts in terms of jobs, wages, prices and consumer.

Walmart is one of the wealthiest companies in the world. It has over 1,100 stores in 28 countries. Although Walmart is one of the top employers in the nation, it has a negative effect on the economy. For example, locally owned store go out of business whenever Walmart comes to their town. Walmart cost taxpayers $44.8 million in 2009. The New York Times did a story on Walmart and how the bribed officials in Mexico to allow the company to open stores in that country. Does Walmart really have that bad of an effect on the economy?

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.

No one can deny Wal-Mart as the corporate superpower of this generation. A company that has international interests, its power in today’s world is overwhelming. Taking a closer look into the giant’s superpowers we are able to specify exactly how Wal-Mart interfaces with the world and exerts it power therein. In doing this it must first be determined what power is. Sociologists have identified three distinct faces of power. The first is power to direct action. The second is to set agendas and decide what is to be discussed. Finally, the third power is the ability to shape desires. By examining how it is that Wal-Mart exerts power in these ways, it is possible to qualify just how

This paper will discuss the structure of Wal-Mart's corporate culture and how it influences their employees. In order to understand an Organization Behavior there are different elements that will create the employees perspective of the organization’s culture such as the management’s philosophy, vision, values, and goals. The driving force of these elements will create the culture of the organization. An organization’s culture will define the leadership, and dynamics of the organization. With each element listed the employees of the organization will identify this as work life that will guide their level of motivation. Depending on which level of motivation the employees are at

On the other hand, another control system the organization is their rewarding strategy; as they link their performance and abilities to meet goals and targets to pay raise and promotion.