Preview

Walmart in Germany. Mistakes.

Satisfactory Essays
Open Document
Open Document
483 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Walmart in Germany. Mistakes.
Mistakes:
A court in Germany has upheld the right of the nation's citizens to flirt at work. The ruling comes in response to US supermarket chain Wal-Mart's company policy banning any sign of attraction between its workers.
1. Labour of Love in the German Workplace
A court in Germany has upheld the right of the nation's citizens to flirt at work. The ruling comes in response to US supermarket chain Wal-Mart's company policy banning any sign of attraction between its workers.
A court in the city of Düsseldorf ruled that the German subsidiary of the world's largest retailer, Wal-Mart, was acting outside the law in trying to impose restrictions on the nature of relationships allowed between its employees.
The court said that while such regulations might be acceptable and indeed common practice in the US, they are neither compatible with German labour law nor the personal rights of employees. Wal-Mart introduced a code of ethical conduct earlier in the year. It prohibits company employees from dating or falling in love with a colleague in a position of influence, and from exchanging lustful glances or flirting in any way.
In its 28-page code, the discount chain, requests that its workers report anyone observed to be breaking the rules, via a special telephone hotline. Failure to comply with the rules can lead to the termination of an employment contract.
The ruling means that the 10,500 employees can get on with flirtation as usual without worrying about being stabbed in the back by officious colleagues.

2.Wal-Mart Slammed at Berlinale
When it comes to Germans and the world's largest supermarket, Wal-Mart, there's little love lost. No surprise then that a new film exposing the work ethics of the US retail giant, is such a hit at this year's Berlinale.
The documentary, "Wal-Mart: The High Cost of Low Price" is a foray into the shocking reality of cost-cutting retail management, into a world where employee rights play second
fiddle

You May Also Find These Documents Helpful

  • Good Essays

    Wal-Mart

    • 572 Words
    • 3 Pages

    Wal-Mart’s total assets increased by 7,277 million from 2009 to 2010. Similarly, the total liabilities of Wal-Mart have increased 1,427 million from 2009 to 2010.…

    • 572 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    largest public corporation by revenue. Walmart was founded by Sam Walton in 1962, incorporated on…

    • 3437 Words
    • 14 Pages
    Powerful Essays
  • Best Essays

    Walmart

    • 4726 Words
    • 19 Pages

    Wailgum, T. (2007). 45 years of wal-mart history: a technology time line. CIO Magazine, Retrieved from http://www.cio.com/article/147005/45_Years_of_Wal_Mart_History_A_Technology_Ti me_Line…

    • 4726 Words
    • 19 Pages
    Best Essays
  • Good Essays

    Walmart

    • 792 Words
    • 4 Pages

     Free trade zone: Wal-Mart encountered a problem that its imports charges on many of the goods from America. Thus prevent Wal-Mart from being able to offer its “Every Day Low Prices”. After the implementation of NAFTA, Mexico, U.S and Canada become free trade zone. Wal-Mart can reduce the tariffs on American goods sold to Mexico from 10 percent to 3percent. That can decrease their cost for the products.  Solve logistical problem: The transportation of Mexico is really poor. The poor road and scarcity of delivery trucks contribute to the high logistics cost. However, the implementation of NAFTA solves the problem. Because NAFTA encourages Mexico to improve its transportation infrastructure, the logistical cost becomes lower.  Reduce the human cost: The signing of NAFTA opens the gates wider to foreign investment in Mexico. Wal-Mart builds manufacturing plants in Mexico because of the cheap labors. As companies began to build manufacturing plants in Mexico, Wal-Mart can buy these products without paying the high import tariffs. To sum up, lower human cost makes lower import tariffs and thus leads to cheaper products. Therefore, Wal-Mart is really success in Mexico.…

    • 792 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Walmart

    • 2254 Words
    • 10 Pages

    The liquidity ratio is an indicator of a firm's market liquidity and its ability to meet creditor's demands. Acceptable current ratios vary from industry to industry and the generally accepted norm is between 1.5 and 3 for healthy businesses. As we can see from the aforementioned table, Wal-Mart's current ratio in 2004 was 0.91 and in 2005 was 0.90. This is way below the industry average, hence it is safe to assume that it is not in good financial health at that point in time. Further, the Quick ratio in 2004 was 0.21, in 2005 was 0.21 and the cash ratio in 2004 was 0.14, for 2005 was 0.13.…

    • 2254 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Wal-Mart has become known for their always low prices because of their effective cost leadership strategy. However, along with this success has come much criticism on the value of their merchandise and the ethics behind their strategies. The following will explore how they operate and just how sustainable Wal-Mart’s strategies are for the future.…

    • 1967 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Walmart

    • 4408 Words
    • 13 Pages

    November saw the release of the film Wal-Mart: The High Cost of Low Price. Through interviews with employees and former managers, the documentary presented a critical view of Wal-Mart’s policies, particularly with respect to treatment of Wal-Mart employees. In response to the film’s release, Wal-Mart hired several former presidential advisers to establish a “rapid-response public relations team.” In December, Wal-Mart formed an advocacy group, called Working Families for Wal-Mart, which was headed by former Atlanta mayor and UN Ambassador Andrew Young.…

    • 4408 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    Wal-Mart

    • 608 Words
    • 3 Pages

    Although it has been stated that Wal-Mart’s culture is based upon respect for individuals, service to customers, and striving for excellence, it is readily apparent that managerial philosophy is to focus on leveraging its buying power and controlling labor cost by unethical sometimes illegal methods in order to obtain “everyday low prices”. This has caused some employee, customers, communities, and suppliers to have a negative viewpoint of Wal-Mart’s business practices and management.…

    • 608 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Wal-Mart

    • 1122 Words
    • 5 Pages

    Wal-Mart Stores, Inc. (“Wal-Mart,” the “Company” or “we”) operates retail stores in various formats around the world and is committed to saving eople money so they can live better. EDLP is our pricing philosophy under which we price items at a low price every day.…

    • 1122 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Walmart

    • 12709 Words
    • 51 Pages

    Wal-Mart’s history is more than just the stores they have built, the partnerships they have made and the customers they have served.…

    • 12709 Words
    • 51 Pages
    Good Essays
  • Satisfactory Essays

    Wal-Mart

    • 290 Words
    • 2 Pages

    Wal-mart is the world’s largest retailer. The company employs some 1.8million people,operates3,900 stores in the united states and 2,700 in the rest of the world, and generated sales of $345 billion in the fiscal year ending january31,2007. some $77billion of these sales wrer generated in 15 nations out side of the united states. Facing a slowdown in growth in the united states, wal-mart began its international expansion in the early 1900s when it entered mexico, teaming up in a joint venture with cifra, mexico’s largest retailer, to open series of super-centers that sell both groceris and general merchandise.…

    • 290 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    walmart

    • 649 Words
    • 2 Pages

    I believe Walmart is a very successful company from a business standpoint. The company is the world's third largest public corporation list in 2012, the biggest private employer in the world with over two million employees, and is the largest retailer in the world. It has 8,500 stores in 15 countries and is the largest and most profitable retailer in the United States. However, from a moral standpoint Walmart may not be as successful as many may think. It has violated many human rights in some of its third world countries, as depicted in the film “Wal-Mart: The High Cost of Low Price.”…

    • 649 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    walmart

    • 1191 Words
    • 14 Pages

    Having a ratio of less than 1 shows that the company’s liabilities exceed the assets and therefore, the company may not be able to pay off its financial obligations using the assets.…

    • 1191 Words
    • 14 Pages
    Powerful Essays
  • Better Essays

    Walmart

    • 1168 Words
    • 5 Pages

    With the economy in the dumps and people losing their jobs left and right, Wal-Mart may seem like a good buy. But is the discount megastore really good for America? Wal-Mart’s slogan “Save Money, Live Better” gives people a positive view of Wal-Mart. Its everyday low prices benefit millions of Americans. However, there is a bad bargain behind the scenes; the company puts people out of work and destroys local companies. Wal-Mart has become more than just a major retailer; it is an economic force, a cultural phenomenon and a lightning rod for controversy. Behind smile, Wal-Mart’s effect on the people and the economy is degenerative for the United States.…

    • 1168 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Walmart

    • 733 Words
    • 3 Pages

    In the past 10 years, Wal-Mart has grown tremendously to become the largest retailer in the world. Being America’s largest employer and the most successful company, Wal-Mart's influence is unparalleled. Wal-Mart isn’t just the largest retailer in the world, over the past several years it has popped in and out of the top spot on the Fortune 500 list—meaning that the firm has had revenues greater than any firm in the United States. Wal-Mart is so big that in three months it sells more than a whole year’s worth of sales at number two U.S. retailer, Home Depot. Wal-Mart's key sources of competitive advantages are its low cost, high volume strategy. Also, Wal-Mart grew in large part by leveraging Information systems to an extent never before seen in the retail industry. Technology tightly coordinates the Wal-Mart value chain from tip to tail, while these systems also deliver a mineable data asset that’s unmatched in U.S. retail. To get an idea of the firm’s overall efficiencies, at the end of the previous decade a McKinsey study found that Wal-Mart was responsible for some 12 % of the productive growth in the entire U.S. economy.[2] The firm’s capacity as a systems innovator is so respected that many senior Wal-Mart IT executives have been snatched up for top roles at Dell, HP, Amazon, and Microsoft.…

    • 733 Words
    • 3 Pages
    Good Essays