The company’s main objective is to provide consumers with low priced goods in the market. In fact, the firm charges the lowest prices in the market for goods such as electronics, fast foods, soft drinks,…
Download file to see previous pages...
to close its stores in locations where workers struggle to gain the support of labor unions, moving to court to oppose the actions undertaken by unions, conducting public relations campaign on its website, and replacing workers who act against the company. The company uses all these strategies so that it can continue paying workers low monthly wages and low compensation for over time. While the firm opposed labor unions in Saskatchewan, it faced legal, social, and political environmental factors.
The company opposes the entry of its workers in trade unions to prevent the unions from representing employees and bargaining for higher wages and over time charges. For example, the company opposed the certification of the United Food and Commercial Workers Union (UFCW) in Saskatchewan, in 2004. The union applied for certification with the Saskatchewan Labor Relations Board (Vance, & Paik, 2011). The board ordered Wal-Mart to provide the union with the relevant documentation. However, the managers of Wal-Mart filed an appeal with the Supreme Court of Canada, and this delayed the certification of UFCW. In 2009, Wal-Mart appealed against a court order that granted UFCW the certification to represent the employees of the company (Hamilton, & Webster, 2009). This led to the withdrawal of the certification in June, in the same year. While still opposing the certification of trade unions in court, the company also instills fear in employees by threatening to close its stores. Such a threat triggers workers to restrain from supporting trade unions so that they can retain their jobs. The company threatened to close one of its retail outlets in Quebec, in North America because the workers of the store had signed an agreement with a trade union that had lasted for four months (Lewin, Kaufman, & Gollan, 2011).
The company also threatens its workers that it may replace them whenever they act against the aims of the organization (Mattera, 2013). Since this means that workers lose
...Download file to see next pagesRead More
Governmental institutions are limiting the permits Wal-Mart gets to open stores in certain regions. A way for Wal-Mart to eliminate this barrier of entry is by utilizing e-commerce. Wal-Mart utilizes e-commerce to attract customers worldwide. The firm has a very attractive websites that has a vast variety of items available for sale at reasonable prices.
Evaluation Essay on Wal-Mart Introduction: The Wal-Mart has shown the art of retailing. The global retail giant came up with the concept of selling mass products in a discounted rate to the customers. The main concept was to sell in high volume with low price so the volume of the profit goes high.
Wal-mart announced in June 2003 that by 1st January 2005 it would implement RFID technology in its supply chain. The initial plan was to have 100 suppliers comply with the change but 129 suppliers responded as none wanted to be left behind. Wal-mart had made it very clear what the EPC (electronic product code) would be, the class of chips they would expect and it also named the distribution centers that would start accepting the RFID deliveries.
Wal-Mart started its international operation by entering the emerging markets. Its approach to emerging markets illustrates a link between globalization of markets and competitive strategy. Strategic management helps to understand and define the goals, vision, mission, objectives, roles, and responsibilities of the organization.
out of which two-third are women but it has been found that only one-third of its managerial positions has been accounted by the women (Sournar, 2007).
With reference to a case of sex discrimination against U.S. Information Agency by more than 1000 women who were refused
Investors consider Wal-Mart’s common shares a blue chip stock. Blue chips stocks are defined as stocks issued by a well-know company with an established record for making money and paying dividends (Teweles & Bradley & Teweles).
The fact that Wal-Mart today is the biggest retailer speaks of the success of its pricing strategy. “Wal-Mart is not just the worlds largest retailer. Its the worlds largest company--bigger than ExxonMobil, General Motors, and General Electric” (Fishman, 2003). Wal-Mart