Uae Culture
Wal-Mart: Diversified?
Introduction
Wal-Mart is an American public corporation that runs a chain of large discount department stores and has been the number one mass merchandising retailer in the United States since the early 1990s. Along with Wal-Mart’s slogan of “Always Low Prices” and their ability to have 8% to 39% lower prices than their competitors, Wal-Mart has continued to maintain its status in the competitive market. Although, the strategy of low prices implemented by Sam Walton was the basis upon which Wal-Mart was founded, there are many other factors that have attributed to Wal-Mart’s success. Wal-Mart has been rewarded with many honors and awards including being named in the Top 30 Companies for Diversity by Black Enterprise magazine, ‘Top 10 Companies for Asian-Americans by Asian Enterprise magazine, and ‘Top 10 Companies for Minorities’’ by Hispanic Network magazine in 2006. Also in 2007 Wal-Mart was listed in the ‘Top 50 Companies’ by Diversity Inc., ‘Top 35 Companies for Executive Woman’ by the National Association for Female Executives, ‘Top 10 Companies for Asian Americans’ by Asian Enterprise magazine, ‘Best Companies for Multicultural Women by Working Mother, the ‘Top 50 Companies for African American MBAs’ by Black MBA magazine. Although the list of achievements for Wal-Mart continues, the commitment of diversity and inclusion did not take place over night (Journals of Corporate Citizenship 26-30). Creation of Wal-Mart’s Diversity Office In 2003, Wal-Mart began to focus on developing cross-functional synergies to further drive inclusion into the business by creating a office of diversity. The office of diversity is responsible for training all levels of management and hourly associates. Company officers are also responsible for reaching diversity goals by making sure that women and minorities have equal representation in the applicant pool for management positions. In 2007, Wal-Mart meet their diversity goals by 100%. During
Introduction
Wal-Mart is an American public corporation that runs a chain of large discount department stores and has been the number one mass merchandising retailer in the United States since the early 1990s. Along with Wal-Mart’s slogan of “Always Low Prices” and their ability to have 8% to 39% lower prices than their competitors, Wal-Mart has continued to maintain its status in the competitive market. Although, the strategy of low prices implemented by Sam Walton was the basis upon which Wal-Mart was founded, there are many other factors that have attributed to Wal-Mart’s success. Wal-Mart has been rewarded with many honors and awards including being named in the Top 30 Companies for Diversity by Black Enterprise magazine, ‘Top 10 Companies for Asian-Americans by Asian Enterprise magazine, and ‘Top 10 Companies for Minorities’’ by Hispanic Network magazine in 2006. Also in 2007 Wal-Mart was listed in the ‘Top 50 Companies’ by Diversity Inc., ‘Top 35 Companies for Executive Woman’ by the National Association for Female Executives, ‘Top 10 Companies for Asian Americans’ by Asian Enterprise magazine, ‘Best Companies for Multicultural Women by Working Mother, the ‘Top 50 Companies for African American MBAs’ by Black MBA magazine. Although the list of achievements for Wal-Mart continues, the commitment of diversity and inclusion did not take place over night (Journals of Corporate Citizenship 26-30). Creation of Wal-Mart’s Diversity Office In 2003, Wal-Mart began to focus on developing cross-functional synergies to further drive inclusion into the business by creating a office of diversity. The office of diversity is responsible for training all levels of management and hourly associates. Company officers are also responsible for reaching diversity goals by making sure that women and minorities have equal representation in the applicant pool for management positions. In 2007, Wal-Mart meet their diversity goals by 100%. During
Cited: "Front Runners in Diversity Leadership Series: Keeping up with Susan Chambers." Profiles in Diversity Journal (2008): 81-87. Web. 28 Apr 2010. . Hemphill, Thomas A. "Demonising Wal-Mart." Journal of Corporate Citizenship 31 (2008): 26-30. Business Source Premier. EBSCO. Web. 26 Apr. 2010 "Major Diversity Programs." Wal-Mart: 2009 Global Sustainability Report. N.p., n.d. Web. 28 Apr 2010. .