Business Economics Wal-Mart Essay
Wal-Mart is the world’s largest retailer. They are the leading private employer with over 2 million employees. Currently, there are 8,500 stores, across 15 countries. Wal-Mart has a massive economic impact in the U.S and other countries of operation. I will argue that Wal-Mart’s disregard for moral business practices through the lack of their social responsibility has had a negative consequence. Their only interest seems to be in making a significant profit at the cost of sacrificing good ethical moral business practices. I will provide evidence for this belief by showing how “everyday low-prices” are effecting employees, customers, taxpayers, and other countries. I will show the reason for the need for change in their business. Wal-Mart has a powerful impact on the countries that they operate in.
I believe that Wal-Mart has a social responsibility to model a successful business through good moral ethics. Wal-Mart has become a popular retailer giant for having the lowest prices and a variety of products. While having low prices noticeably has benefits for consumer, growing evidence from across the country indicates that these benefits come at a steep price for employees earning low-wages, unaffordable health car, and poor labor conditions. Public outcry for Wal-Mart’s lack of social responsibility for their employees is a constant battle. They have the potential to improve their business practices in regards to low-wages, unaffordable health car, and poor labor conditions overseas with out changing their business model of “everyday low prices”. There will be others who disagree with my assessment of Wal-Mart. They might possibly show the benefits of Wal-Mart’s moral business practices; such as, how Wal-Mart creates jobs, new source of tax-revenue and their charity donations to communities. One of the largest concerns facing Wal-Mart is the poor treatment of their workers. Wal-Mart first unmoral practice is shown through their disregard for their employees.
I believe that Wal-Mart has a social responsibility to model a successful business through good moral ethics. Wal-Mart has become a popular retailer giant for having the lowest prices and a variety of products. While having low prices noticeably has benefits for consumer, growing evidence from across the country indicates that these benefits come at a steep price for employees earning low-wages, unaffordable health car, and poor labor conditions. Public outcry for Wal-Mart’s lack of social responsibility for their employees is a constant battle. They have the potential to improve their business practices in regards to low-wages, unaffordable health car, and poor labor conditions overseas with out changing their business model of “everyday low prices”. There will be others who disagree with my assessment of Wal-Mart. They might possibly show the benefits of Wal-Mart’s moral business practices; such as, how Wal-Mart creates jobs, new source of tax-revenue and their charity donations to communities. One of the largest concerns facing Wal-Mart is the poor treatment of their workers. Wal-Mart first unmoral practice is shown through their disregard for their employees.
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