Matt Petz Petz 1 Wal-Mart: The Devil of Business Ethics Wal-Mart may seem like a great business with its low prices and friendly customer service, but behind the scenes it’s a different story. Many people are fooled by the commercials high lighting the endless job opportunities and the great benefits, when in reality Wal-Mart is robbing its employees blind. Their employees are faced with many problems because of their employer’s business procedures. Wal-Mart employees are only given health care opportunities they can’t afford, they are cheated out of vacation time and extra hours, and they are even turned down for better paying jobs within the company because of their age, sex, or race. Wal-Mart is a large monopoly that is rampaging through the world economy in disastrous ways.
Walmart sells many items at ridiculously low prices. They are able to offer low prices on their items due to an incredible mark-up on imported products. Especially in today's economy, the buck is the big winner. Everyone wants to save money, and they can do that by shopping at Walmart, where many items are the lowest price in town, even if it's only by a few pennies. But consumers aren't helping their fellow countryman earn his own living by buying these imported items.
America began on small businesses and America has to continue to have small businesses to have a good economy. Wal-Mart endangers businesses all over the country because small businesses cannot compete with the superpower on account of Wal-Mart getting goods from places like China. Most people live within thirty minutes of a Wal-Mart and with their lower prices people will continue to shop there without realizing what they are doing to their own economy. Most people don’t realize that saving a few dollars by shopping at Wal-Mart is crippling all the local businesses around their area. Wal-Mart does not care about the American economy because they are thriving the way the economy is now, so American citizens have to stand up for their communities.
Nowadays, the retail industry is targeting younger adults and senior citizens for hire and Wal-Mart is especially guilty for this. In reality it’s impossible to make a living working in retail and these targets are easy to manipulate. The majority of Wal-Marts goods are made outside of the U.S. and often in sweatshops. It’s displeasing and although the fine low prices are tempting, some customers will disappear because customers will feel terrible of workers treatment. Without customers, there is no business and this will hurt this large company in the long-term.
Both these companies have gone through the ups and downs like everyone with the way the world turns and have done wild and crazy changes in their history but the one thing they have not done a lot of is change the CEO of the company. Yes there have been bumps in the road for one more than the other but for the most part they have tried not to rock the boat, or reinvent the wheel they just tried to grow and change with the consumer and its wants and needs at that moment. The assets for both stores even with the bumps is not great but it’s holding its own, I have presented a copy of each to give an example of where they are in this case analysis against each other. It will show the assets of both companies from the last two years. In this you can see how things can change for one when to many changes happen within one year to the next, people get scared and CEO’s who are not from the retail world can change the climate of one store almost overnight.
With the right type of marketing research the company will be able to maintain its current customers and should be able to bring back customers that have left because of dissatisfaction, and because of the hard economic times. Since the first Wal-Mart store opened in 1962 in Rogers, Arkansas, we've been dedicated to making a difference in the lives of our customers. Our business is the result of Sam Walton's visionary leadership, along with generations of associates focused on helping customers and communities save money and live better (Walmart, 2012). The very prominent advertising slogan “Save money, Live better,” has been cemented into the foundation of the company which reminds customers thet have the lowest prices, and consumers should
Most likely you have never even thought about it, but a huge company like Wal-Mart has a great deal of influence on what positions are available in your community, where your products are coming from, and how much money you make. In this essay I really wanted to tackle this issue: What impact does Wal-Mart have on American jobs? I really want to be fair in researching both
Globalization has affected the way things work in the economy and environments everywhere, it can be known as the primary cause that go on around the world. Globalization connects different cultures, and helps the spread of ideas, throughout many regions. Although globalization has many definitions, it can be
Because of their consistently low prices on products, their competitors have lowered their prices in order to compete with Wal-Mart. In turn, this has driven overall prices down. Wal-Mart has also created many new jobs and increased tax revenues. Businesses that are located next to Wal-Mart stores have also benefited from them because customers who are shopping at Wal-Mart will stop at other businesses before or after shopping at Wal-Mart ("Walmartstores.com: Economic Opportunity"). Because of the impact Wal-Mart has had not only on the retail industry in the United States, but also globally, I think it is safe to say that Wal-Mart is a very secure company.
English1301 12-6-11 Wal-Mart is Bad for America When people hear the phrase “Wal-Mart”, they think of happy faces and low prices. Consumers think about the quick and reliable service, and the convenience of their many locations. Also, people might think about their friend and family that shop there during the weekends, looking for and finding even the most obscure item in their shelves. With all these conveniences, it makes one wonder why anyone would find something wrong with Wal-Mart. However, as consumers are becoming smarter, they are becoming more informed.