Wal Mart 's Policies And Actions Essay

Wal Mart 's Policies And Actions Essay

Length: 1199 words (3.4 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Wal-Mart’s Policies and Actions are damaging to a Small Town 's Economy
Introduction
In the United States and all over the world, the entry and operations of big retailers like Wal-Mart into a small town sparks great controversy within the community. The fact that people contemplate on the fact that the policies and actions of Wal-Mart are destructive to a small town’s economy is not new. Most small town’s economies are run by subsistence and self-reliant traders. With time, the traders embrace the division of labor and specialization of skills in accordance with the trade, production and manufacturing needs of the community. In such a market, a simple move like a decision by the producers to sell directly to the consumers may spark considerate outcry from the middlemen and other traders. Therefore, specialized vendors in such markets are value since they tend to expand markets and cut costs for the producers and the craftsmen. In the history of retail businesses, the innovation and the way of operation of the middlemen helped reduce cost and time on part of the consumers and hence, these form the backbone of the economy in small and growing economies. Wal-Mart is one of the big retail stores whose rise and operation have been applauded and criticized in equal measure. This paper in an unbiased way investigates the activities and the policies of Wal-Mart that are presumed to be damaging to small and growing economies.
Background of Wal-Mart
Wal-Mart operates within the United States and in other major cities in the word, and has grown to be a popular retail store in the world. The retail giant started operations in 1962 and was founded by Sam Walton. Current, Wal-Mart is the fastest growing and the biggest ...


... middle of paper ...


...equently, the families of the workers suffer, and ultimately the economy of the area is affected (Chen, 2015).
Conclusion
The entry of Wal-Mart into a new town sees the company bring its policies and actions that in the long run are detrimental to a small town 's economy. The company’s policy to offer lowest prices on the market comes with lots of sacrifices by the workers, suppliers and local business since the ultimately low prices throw the local economy into turmoil. The company pays low wages to its workers, denies them access to quality healthcare plans, and embraces policies that ensure the workers do not join any unions that may help fight for their rights. This way, the workers suffer economically and in the long run, the entire economy of the new town is on the receiving end due to the entrance of the retail giant into the small town 's economy.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Wal-Mart Essay

- Wal-mart is currently the world’s largest company. It has seen continuous growth and financial success since it was founded in 1962. Today it is living off of a previous reputation of solid ethical business practices that are no longer being exercised. Sam Walton, the founder of Wal-mart, was considered to be “freakishly cheap… Cost-cutting was an obsession in the Wal-mart culture… on business trips, everyone, including the boss, flew coach, and hotel rooms were always shared.” (reclaimdemocracy.org....   [tags: Wal-Mart Case Study Market Analysis]

Free Essays
1714 words (4.9 pages)

Corporate Social Responsibilities of Wal-Mart Essay

- ... That is to say that Wal-Mart must operate under current legal requirements in each location and community it serves. This includes local legal requirements for corporate law as well as environmental and employment laws. From an Ethical standpoint, Wal-Mart must meet all social expectations for how it treats its employees and the community. Good ethical companies cannot merely limit their ethical responsibilities to those limitations of the law but must also be good stewards of the community and strive to make employees feel happy and whole....   [tags: protecting the community and environment]

Better Essays
784 words (2.2 pages)

Essay on The Cause and Effect of Wal-Mart’s Marketing Power

- Cause and Effect of Wal-Mart’s In a time where the economy is at its lowest, Wal-mart, the leading retail company in the world, yielded nearly 17 billion dollars. Yet in spite of their soaring profits, over 40 percent of Wal-mart’s employees are struggling to support their families on their meager wages. To contest unfair treatment in the workplace; many employees who are tired of the retaliation, low wages, inadequate health care, and gender discrimination have joined forces nationwide to take a stand against this conglomerate by attempting to organize unions, protesting, and in cases of blatant abuse, filing lawsuits....   [tags: leading retail, sam walton]

Better Essays
2674 words (7.6 pages)

The Core Issue Of Wal Mart De Mexico Essay

- 1. Summarize and discuss the core issue in the case. Do not repeat the entire case details but only pertinent information at the heart of the case. The core issue in this case is about how Wal-Mart de Mexico covered a vast bribery orchestrated by government officials, authorities, and executives from Mexico. Wal-mart de Mexico perfected the art of bribery by using fraudulent accounting and building stores so fast by getting zoning maps changed and making environmental objections disappear. Wal-mart de Mexico’s executives bribed government officials to aid in getting permits faster, since this is a process that typically takes months to complete....   [tags: Foreign Corrupt Practices Act, Bribery]

Better Essays
1928 words (5.5 pages)

Analysis of Wal-Mart in Japan Essay

- Executive Summary The case study focuses on the hurdles and strategic failures that Wal-Mart faced during its expansion and entry into Japan and its hugely attractive Retail Market. The study throws light on the rise of the world’s major Retailers “Wal-Mart”. In course of their expansion with the time they benefitted from success as well as disastrous results in their journey to “Go Global” Wal-Mart got in to Japan’s smart retail market as a joint venture with “Seiyu” which was a very mistaken step at first....   [tags: Wal-Mart in Japan Case Study]

Better Essays
1358 words (3.9 pages)

Wal-Mart Business Report Essay

- Table of Contents EXECUTIVE SUMMARY 1 COMPANY HISTORY 2 BUSINESS DESCRIPTION 4 PRODUCTS AND SERVICES 4 BUSINESS METHODS 5 FINANCIAL ANALYSIS 6 COMPETITIVE ANALYSIS 7 CONCLUSION 8 Works Cited 9 EXECUTIVE SUMMARY 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....   [tags: Wal Mart Business Analysis]

Better Essays
1797 words (5.1 pages)

Wal-Mart Case Study Essays

- Wal-Mart Case Study Case Review and Recommendations As we have reviewed and studied the strategy, culture, finances and the challenges and successes at Wal-Mart, there are many strategies we see that the company must undertake to hold its dominate position and drive further growth. Herein, we define our top four. These core strategies include: rebuild and recreate its reputation in the face of recent challenges; continue to show price leadership; improve the customer experience; and drive international growth....   [tags: Business Analysis Wal Mart]

Better Essays
1115 words (3.2 pages)

Wal-Mart Essay

- The founder of the Wal-Mart chain, Sam Walton was born in March 1918 in the town of Kingfisher, Oklahoma. Graduating from the University of Missouri, Sam enlisted in the Army for the World War II effort. Upon his return, Sam worked for a while at the J.C. Penney group of stores. He began to realize that opportunities existed in the large scale discount retailing business (nickel and dime stores). The idea and business philosophy of Wal-Mart borrowed from the nickel and dime stores of earlier times, and consisted of getting National Brands in bulk at a discount based on volume purchases; the company would then stamp its mark and resell the goods at a slight markup, this rate being however les...   [tags: Business Analysis Wal Mart]

Better Essays
1552 words (4.4 pages)

Wal-Mart Essay

- Overview When someone says “Wal-Mart,” there are several ideas that probably come to mind; an idea such as “Everyday Low Prices,” Wal-Mart superstores, and that Wal-Mart is the biggest corporate giant in the world wouldn’t be too far fetched. However, Wal-Mart almost went bankrupt before it even started. Back in 1962, Sam Walton (the founder of Wal-Mart) probably never imagined that Wal-Mart would reach the astronomical heights that it has. In the beginning, Wal-Mart entered the discount retail industry when it was barely even a market, opening up locations specifically around the mid-west area....   [tags: Wal Mart Business ]

Free Essays
1784 words (5.1 pages)

Wal-Mart Essay

- Wal-Mart Wal-Mart started out as a five and dime store by Sam Walton back in the 1950’s in Rogers, Arkansas. From those humble beginnings, Wal-Mart is now the world’s largest corporation passing the likes of U.S. Steel & GM with over $256 Billion in sales for one year announced at an annual stockholders meeting. What makes Wal-Mart so successful. The rise of technology and the explosion of the global economy, coupled with the effort of keeping prices as low as possible has propelled the conglomerate into becoming the world leader in logistics....   [tags: Chain Stores Wal-Mart Sam Walton Essays]

Better Essays
659 words (1.9 pages)