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.
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.
With accusations on discrimination, environmental violations, and their poor worker treatment, it’s no wonder why it is losing its standing with Americans. Although Wal-Mart offers many benefits to the American public, it is ultimately a store that does harm to society and the environment. For one, Wal-Mart offers the advantage of low- prices items. Most items that are always low in price are the meat products. “A range of studies have found prices at Wal-Mart are anywhere from 8 to 39 present less than its major competitors” (Aubekerora).
Risk Factors of Bloomingdales Risk factors play a major role in today’s economy. Since we are stuck in the stagnation period and do not seem to be recovering for quite some time, businesses have to come up with a proper marketing plan that will help sell their products. All businesses suffer from the same risk factors. Some common risk factors include: product quality, price, brand loyalty, competition, managerial skills, etc. Many customers are shopping at lower priced stores because the economy is not allowing them to spend extra money.
MGMT 4020 June 24, 2013 Homework Assignment #2 Competition is very high in the North American wholesale club industry. Every wholesale club wants to sell top-quality products at prices less than others in order to attract draw customers. And they all want to display low prices on pallets or inexpensive shelving, therefore, they have very low costs for store decor and fixtures, have comparatively low labor costs, and spent minimally on advertising and customer service. Five Forces Analysis 1. Bargaining Power of Buyers is moderate.
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.
If a business fails to abide by OSHA regulations, heavy fines are applicable. By ignoring regulations and not enforcing them, companies can be fined. Although the extra OSHA training and protection may prove costly at first, the added safety for employees will pay for its self in the long-run. Department stores are treated the same as any other employer by OSHA, but there are some particular regulations of which they must be especially mindful. While employed at Wal-Mart in 2009 I had a firsthand experience as to why OSHA regulations were important.
Case Study Analysis of “Wal-Mart: The Main Street Merchant of Doom” Issues/Problems: This case details the history and social responsibility issues of Wal-Mart. It discusses Sam Walton and his responses to criticisms as well as his determination to be a successful. The central issue is this case is why is there such conflicting data? Some people see Wal-Mart as an example of “social responsibility” and one of the most admired corporations in America, while others see it as an unattractive homogenizing factor and a “Merchant of Doom” that should not be allowed to set up shop in small towns. The rapid and enormous expansion of Wal-Mart and its market share have changed the landscape of Main Street in towns and cities across America.
A time it took place many times the documentary China Blue such as when there were Americans and people from other countries came to observe the factory. It has a big impact on buyers who plan to retail in stores, in a positive way reducing cost of bulk. This is because there is a reduction in international barriers such as tariffs, export fees, and import quotas. The losers in globalization as shown in documentary china blue are the workers at the factory. Workers become losers in this process because the producers have to sell their products close to dirt cheap which causes them to work more for cheaper.
Small Business; Big Game With many small businesses being shut down or overrun by the government; it is hard to have a successful business in a small town. The kicker is that most businesses that are being shut down are great, but with stores such as Wal Mart and Target, they just do not stand a chance. A business that is not so easily taken over by the “bargain kings,” is the arcade game and pin ball service. I interviewed my neighbor, a small arcade game and pin ball machine restorer. Henri Doane, who owns the business with 2 other partners, is a successful graduate of Ball State with a business management degree.