The Wal-Mart Phenomenon Michael Hancock SOC200: Introduction to Sociology Gary Mayhew September 18‚ 2005 The Wal-Mart Phenomenon At Wal-Mart‚ "everyday low prices" is the motto. This slogan has helped create the largest business in world history with over $245 billion in revenues. It is actually three times the size of the No. 2 retailer in the world‚ France’s Carrefour. Nearly 138 million shoppers visit one of the 4‚750 Wal-Mart retail stores in the United States each week. This trade giant
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1. Introduction Wal-Mart Wal-Mart was founded by Sam Walton on 1962 and it is the largest retailer in the world. The company has three major operations which are Wal-Mart Stores U.S.‚ Sam ’s Club‚ and Wal-Mart International. On 2007‚ Wal-Mart used this new slogan” Save Money Live Better”. However‚ there are some critics about their employee life. Wal-Mart exploits their employee’s salary for setting low price to customer. They resisted their worker to build union organization because they tried
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Wal-Mart Stores‚ Inc. is currently entangled in a legal battle that will decide if the company has engaged willfully in gender-based discrimination. Underlying causes‚ organizational culture and ethical issues will be examined in determining how the largest private employer in the United States could have fallen prey to unfair labor practices. "In 1999‚ women constituted 72% of Wal-Mart’s hourly employees‚ but only 33% of its managerial employees" (Bhatnagar‚ 2004). This fact and many others
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In the case of “Staffing Wal-Mart Stores‚ Inc” the greatest issue seems to be that of diversity. Numerous lawsuits surfaced against the Wal-Mart corporation with allegations of gender discrimination. One symptom that may have been overlooked was the fact that while Wal-Mart’s employment figure had increased by 50 percent in a span of five years‚ the percentage of women the company employed had actually decreased by three percent. Another issue‚ particularly prior to 1998‚ was that higher-level
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Sales: 39 Operating Income: 40 Return on Equity (ROE): 41 Earnings per share: 42 Key Financial Highlights of Walmart from 2004 to 2008 43 Personal and Human Resources 43 Several measures were taken to increase the productivity of the employees. 44 Current Human Resources (HR) policies of WM 44 Criticism of the HR policies of Walmart 45 Operations 45 CONCLUSION OR LOOKING INTO THE FUTURE 47 PART 2 49 An outline of major problems or issues
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FARMERS SUICIDES IN INDIA India is an Agrarian Country with around 60% of its people directly or indirectly depends upon agriculture. Agriculture in India is often attributed as gambling with monsoon because of its almost exclusive dependency of monsoons leading to: * Series of droughts * Lack of better prices * Exploitations by middlemen Have been leading to series of suicides committed by farmers across India. Farmers in India became the center of considerable concerns in the
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Wal-Mart Is the world ’s largest retailer‚ Wal-Mart‚ a Monopsyny? Monopsony arises when a firm captures the ability to dictate price to its suppliers‚ because the suppliers have no real choice other than to deal with that buyer. One in every five retail sales in America is recorded at Wal-Mart ’s cash registers. The firm ’s revenue nearly equals that of the next six retailers combined. Wal-Mart has faced several accusations of‚ "predatory pricing"‚ or intentionally selling a product
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1. What are some of Wal-Mart’s FSAs? To what extent are these FSAs location-bound or internationally transferable? Some of the FSAs of Wal-Mart are its ‘every day low price’ (EDLP) philosophy and its so-called ‘exceptional service’. The EDLP and the service seem to be internationally transferable FSAs‚ because they can be copied to other countries. The EDLP is based on efficient distribution systems‚ very innovative technology‚ low prices negotiated with suppliers and efficient processes with suppliers
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Wal-Mart’s Response to sex discrimination and pay lawsuits 1. How should these lawsuits be resolved: legally‚ morally‚ and practically? Legally‚ morally and practically I believe Wal-Mart should be fined in order to prevent further discrimination against women. Clearly this is a culture they have created within the organization therefore being carried out nationwide throughout all Wal-Mart locations. Since Wal-Mart entered the market they have opened many stores creating more business for themselves
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Wal-Mart is the world’s largest retailer‚ but controversy surrounds their operating practices (Ferrell‚ Fraedrich‚ & Ferrell‚ 2013). The company known for significant sales profits‚ a large employee base‚ and the everyday low price provided to consumers is clouded by the pressure applied to suppliers requiring continuous reduction in pricing (Smith & Young‚ 2004). The small startup company that has grown to a multitude of stores across several countries does have some positive impact‚ but is it overshadowed
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