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People are supposed to be able to relax themselves and properly feed their bodies during the lunch break. “Lunch is really important for us to have a recharge of energy and just take a break” (Luckerson, 2012).
The premise of Wal-Mart’s management that women are not interested in managerial positions is completely false. Women have the same goals and desires as men of moving up the corporate ladder. Unfortunately at Wal-Mart its corporate culture suffers from the glass ceiling effect. “The popular notion of glass ceiling effects implies that gender disadvantages are stronger at the top of the hierarchy than at lower levels and that these disadvantages become worse later in a persons career” (Cotter, Hermsen, Ovadia, Vanneman, 2001). Women at Wal-Mart are viewed as second class citizens that do not have the same opportunity for career growth as men. Women were systematically discriminated by Wal-Mart. Female workers accounted for 65% of the workforce, but only 33% of managerial positions. The company has not been able to truly take advantage of the virtues of diversity because of its discriminating stance against women.
The position of Wal-Mart of not offering health care coverage up to par with the benefits other employees receive in the industry can be considered an ethical issue due to the fact that Wal-Mart is not attending the health needs of its workers. Wal-Mart has been hiding behind the excuse that it offers some health care coverage to part-time employees which many companies don’t to justify their extremely poorly designed health care benefit coverage. The reason that Wal-Mart’s medical plan is so poor is because Wal-Mart has been looking for everyway to save money on medical coverage for its employees. Wal-Mart pays $3,500 yearly on health coverage per employee which is over 40% lower than the industry standard.
I do not think that Wal-Mart should be concerned with unionization of stores based on what occurred in the
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Wal-Mart Case Study 1. What threats and challenges is Wal-Mart currently facing? Wal-Mart Stores Inc. is an American multinational that runs a chain of discount department stores and warehouse stores. It is a powerful retail brand which is operating in 15 countries worldwide and is catering to millions of customers who shop in their stores around the world (Walmart Corporate, 2011).
Wal-Mart is an iconic American retail firm that has earned its reputation as the world’s largest retail store. It has shared much success and many deemed failures. The company is represented in all over the world but maintains a formidable presence in America where it has close to half of the world’s stores.
It is now a public limited company, with shares traded on the stock market.
Despite being such a successful and competitive retail store, it has nevertheless faced continuous criticism from several sources such as labour unions, community groups and some other groups on issues such as lower tendency towards the employees' welfare and extensive foreign product outsourcing.
It establishes financial goals, revenues, expenses and profits. (Citibank 2006)
Wal-Mart started almost 50 years ago in 1962, when Sam Walton opened its first discount store in Rogers, Arkansas. Wal-Mart's business then was to offer at retail quality merchandise at the lowest prices and the best customer service possible.
In the retail and grocery market, Walmart's market share hovers around 20% in the United States and it claims a 45% market share in the retail toy business.
Wal-Mart Stores was founded by Sam Walton in 1962,incorporated in 1969 and listed on the New York Stock Exchange in 1972.Sam Walton had set up a variety store in Bentoville,Arkannas which he called "Walton's Five and Dime", the store offered lower prices than it's competitors and registered higher sales volumes than them.
Factors in the industry environment include: threat of new entrants, power of suppliers, power of buyers, product substitutes, and intensity of rivalry. Together with the competitor environment, these factors make up the external environment.
Tools for analysing the external environment include: PESTEL for the general environment.
Low or affordable pricing and mass marketing became its hallmark. Due to large volumes Wal-Mart was able to manage its competitive edge. However, things started changing on the retail landscape in America and elsewhere demanding a more focused approach towards different target markets.
On October 31, 1969 Wal-Mart was established as a corporation under the name Wal-Mart Stores, Inc. Very soon after in 1970, this was followed by the opening of Wal-Mart's business headquarters in Bentonville, Arkansas and the opening Wal-Mart's very first distribution center.