Harvey Duane Gray
Internal and External Factors of Management
XMGT/230 Karen Robinson
February 27, 2014
Wal-Mart is one of the leading discount retail stores in the nation. Wal-Mart is by far one of the most successful companies worldwide. The company is the world's second largest public corporation, according to the Fortune Global 500 list in 2013. Wal-Marts ability to adapt to internal and external factors is greatly beneficial. Diversity, globalization, technology, innovation, and ethics play a huge part in Wal-Marts success. Walmart has over 11,000 stores in 27 countries, over 5700 of them are located in the United States.
Diversity has been at the core of our culture since Sam Walton opened our doors in 1962. Thirty- seven percent of Walmart’s associates in the U.S. are minority. Fifty-seven of their associates are women. Wal-Mart also has a Diversity Goals Program. Through this program they promote within their company. Managers are held accountable for elevating the standards of diversity and inclusion. Diversity comes full circle at Walmart through our more than 3,000 minority- and women-owned suppliers. Wal- Mart gets supplies from many diverse supplier groups including Women, Hispanic-American, African American, Asian-American, Native American/Alaskan Eskimo, Veterans, Disabled Veterans, and people with a disability.
In Charles Fishman's book The Wal-Mart Effect, he points out that more than half of all Americans live within five miles of a Walmart store and ninety percent within fifteen miles. When Walmart moves into a community with its “always low prices” its competitors in the area also have to lower its prices. This is known as “the Walmart effect”. This effect does put some of the smaller businesses out of business because they...
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