Cross Cultural Perspectives

Topics: Culture, Wal-Mart, Fortune 500 Pages: 3 (1102 words) Published: September 29, 2012
Cross Cultural Perspectives

Cross Cultural Perspectives
Wal-Mart is one of the largest corporations and private employers in the United States, and one of the most admired companies in America as reported by Fortune Magazine (“Fortune 500”, 2012). Netting billions of dollars in profits each year, there are not many other retailers who can compete with them. They give millions back in donations to non-profit companies around the country each year, yet put mom-and-pop establishments out of business each time they build a new store. They have been recognized for outstanding achievements in employee and community relations, yet have been charged with gender discrimination lawsuits. There is a definite line of ethics and cross cultural perspectives to be examined in this essay. Wal-Mart has been known around the world as a company that offers discounted merchandise to their customers to help them save money. Sam Walton founded Wal-Mart in 1962, and built his franchise on respect, great values and great customer service (“Sam Walton”, 2012). It did not matter if you were a vendor or a janitor; you were treated with the same respect. After opening the first Wal-Mart in Rogers, Arkansas, the company quickly grew, and eventually spread throughout the United States. Today, Wal-Mart has over 8500 department stores in 15 countries ("Wal-Mart’s Major International Strategy", n.d.).  Being a global organization, there are a new set of social and ethical issues that Wal-Mart is facing. The management team is finding that what may work in the United States may not work for the other countries they are built in. For Wal-Mart to be able to compete with other companies that produce similar products in those countries, they have had to examine their strategies. For example, Wal-Mart has lost hundreds of millions of dollars in Germany. They have used the experiences in Germany as a template of what to do and what not to do in other countries. German sales clerks...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Cross Cultural Perspectives Essay
  • Cross Cultural Perspectives Research Paper
  • Cross Cultural Perspectives Essay
  • Managing Cross-Cultural Issues Essay
  • Essay about Cross Cultural Negotiations
  • Essay about Cross Cultural Diversity Proposal
  • Results of Poor Cross Cultural Awareness Essay
  • Cross Cultural Issues, Walmart in South Korea Essay

Become a StudyMode Member

Sign Up - It's Free