Wal-mart

Topics: Pages: 6 (1659 words) / Published: Aug 12th, 2014
Introduction:
WAL-MART is the largest revenue earning public corporation and a regularly featured organization on fortune 500 list. Wal-Mart Stores, Inc. or Wal-Mart is an American public corporation that runs a chain of large, discount department stores. It is the world 's largest public corporation by revenue, Founded by Sam Walton in 1962, it was incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972. It is the largest private employer in the world and the fourth largest utility or commercial employer, Wal-Mart is the largest grocery retailer in the United States, with an estimated 20% of the retail grocery and consumables business. It also owns and operates the North American company, Sam 's club.
A description of the company and management style of the organization
The operations that take place in Wal-Mart are specifically related to products.This organizational structure is so vast and the base is so unshakeable that repeated attempts to take over have proved futile because reconstruction costs were higher than the gross earnings. The best of efforts at reconstruction costs has only gone to prove that it has not been possible to arrive at any sort of renovations and plausible solutions. The structure speaks for itself. The guiding principles and the founding charter have made what Wal-Mart is today. Wal-Mart calls it ethical principles which are supplier oriented principles which would guide all associates of Wal-Mart to abide by it. These in short have made Wal-Mart such a tall name and a store which stands little competition worldwide in terms of retail sales.” Wal-Mart stands for law abiding, unbiased and honest.( Walton and Huey, 1992)

Identify and briefly describe the stakeholders of the selected organization.

The stakeholders of an organization are both internal and external. When an organization weaves into its operational philosophy, ethics and a societal responsibility, then the building guidelines make



References: Banerjee, Subhabrata Bobby. Corporate social responsibility: the good, the bad and the ugly. Massachusetts: Edward Elgar Publishing, Inc, 2007 Du, S., Bhattacharya, C. and Sen, S. (2010). Maximizing business returns to corporate social responsibility (CSR): The role of CSR communication. International Journal of Management reviews, 12(1), pp.8--19. Jamali, D. and Mirshak, R. (2007). Corporate social responsibility (CSR): theory and practice in a developing country context. Journal of business ethics, 72(3), pp.243--262. Walton, S. and Huey, J. (1992). Sam Walton, made in America. 1st ed. New York: Doubleday. After Early Errors, Wal-Mart Thinks Locally to Act Globally - WSJ.com Kneer Christian, The Wal-Mart Success Story. Lichtenstein Nelson, Wal-Mart- The Face of Twenty-First-Century Capitalism

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