logo image

Wal-Mart: Ethics & Organization Essay

Wal-Mart started in 1962 when the first store was opened by Sam Walton, the man who was to be the driving force behind the success and culture of the company, a company that has now grown the over 3,000 stores in the United States and over 1,000 internationally. Since then it has become a well known retail chain, specifically the largest supermarket in the market. According to Fortune 500 Magazine Wal-Mart has the highest number of employees world wide, and they were ranked number one out of retailers.

It is often argued that their position in the market place is one where they serve as the benchmark for all retail super stores (Weaver, Klebe, & Cochran, p. 155). What kinds of services does it provide? Today, the Wal-Mart groups include Sam’s Wholesale Clubs and Neighborhood Markets as well as the Wal-Mart brand with national and international stores. This provides a service for the customers who are often owners of small business to buy items for bulk whole sale.

Wal-Mart also provides merchant services in which customers can become retailers themselves by selling their small minority/ female owned business through Wal-Mart (Weaver, Klebe, & Cochran, p. 155). This service is not isolated just

Need essay sample on "Wal-Mart: Ethics & Organization"? We will write a custom essay sample specifically for you for only $ 13.90/page

for minorities or women, but it is heavily promoted in their direction. What is the identified purpose of the organization (Wal-Mart)? The first objective of Sam Walton, the founder of the company, had the aim of giving the customers the “very best.

” The way this was to be achieved was by putting associates (employees) first. Feeling that if they were treated well they would want the company to do well and be the cause of success for Wal-Mart. The second objective is to offer the lowest possible price with a high level of quality. The initial strategy was similar to that of JCPenny, opening small stores in downtown main street areas. This strategy was to change later with the “big box” format stores, but the pricing strategy remained the same.

A main policy has been aggressive growth. Based on core competences, they evolved due to the necessity present in an undercapitalized company (Berry and Seiders, 1993). These included the creation of a distribution and communication system to make sure of timely deliveries. There was also a high degree of careful budgeting to save money (Berry and Seiders, 1993). This is the secret to Wal-Mart’s success.

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
Complete Buyer Protection
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy