StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The Wal-Mart Effect: A Literary Review and Analysis - Book Report/Review Example

Comments (0) Cite this document
Summary
This review discusses the book "The Wal-Mart Effect: How the World’s Most Powerful Company Really Works – And How It’s Transforming the American Economy" by Charles Fishman which presents a number of different significant facts and issues…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.4% of users find it useful
The Wal-Mart Effect: A Literary Review and Analysis
Read TextPreview

Extract of sample "The Wal-Mart Effect: A Literary Review and Analysis"

Download file to see previous pages This review talks about the concept of the ‘Wal-Mart effect’. It is a term which is used universally, and in specific terms, it is considered to define “the economic effects attributable to the Wal-Mart retail chain, including local effects such as forcing smaller competitors out of business and driving down wages, and broader effects such as helping to keep inflation low and productivity high”. The impact that Wal-Mart has on countries around the world is incredibly large, as it is considered as being the most powerful company in the world, and not just in North America as most retail companies such as this are. This impact has been considered as being both positive and negative in separate ways, and in particular when it comes to the criticism surrounding Wal-Mart and its impact, several labor unions have specific concerns regarding the company’s anti-union stance, as well as several employee relations issues. There are many other issues such as this which are brought to our attention by Fishman in this book, and we see that Wal-Mart reacts to this: “According to Wal-Mart and many self-described advocates of free trade, comparisons of wage levels between vastly different countries is not a useful way to assess the fairness of a trade policy. The company also points out that the wages paid to overseas workers are comparable to or exceed local prevailing wages. In that case, the company claims that the overseas manufacturing jobs it creates are often an improvement in the quality of life for its employees”.." (267).
The economic impact of Wal-Mart is discussed thoroughly here, and after all, as one of the largest ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Wal-Mart Effect: A Literary Review and Analysis Book Report/”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1533669-the-wal-mart-effect-a-literary-review-and-analysis
(The Wal-Mart Effect: A Literary Review and Analysis Book Report/)
https://studentshare.org/macro-microeconomics/1533669-the-wal-mart-effect-a-literary-review-and-analysis.
“The Wal-Mart Effect: A Literary Review and Analysis Book Report/”, n.d. https://studentshare.org/macro-microeconomics/1533669-the-wal-mart-effect-a-literary-review-and-analysis.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Wal-Mart Effect: A Literary Review and Analysis

Wal-Mart Corporation: Company Analysis

...? Wal-Mart: Company Analysis Executive Summary The process of organizational assessment benefits a business concern to identify its strengths and weaknesses and thereby improve its operational efficiency. An organizational assessment is mainly performed to point out any issue/issues that can have potential impact on the firm’s operational performance. This report will present ideas obtained from the organizational assessment of Walmart. The study indicates that the organization has further growth potential regardless of the current global financial crisis. The company’s stock prices indicate an upward growth trend and this situation would attract new investors. From this assessment study, environmental safety has been identified...
11 Pages(2750 words)Term Paper

Case study analysis (Wal*mart)

30). To determine how attractive the discount retailing industry in the United States when Wal-Mart started its business operations back in 1950, Porter’s five forces framework will be used in analyzing external business environment. Porter’s Five Forces Analysis Framework Barriers to Entry and Industry Competitors Specifically the low capital requirement in establishing small- and medium-scale grocery retailing business tightens the market competition within the grocery retailing industry in rural and small town areas. Using the Porter’s five forces framework, the threat of entry is high since anyone can easily establish small- and medium-scale supermarket retailing store outlets throughout the different geographic areas in the...
13 Pages(3250 words)Essay

Wal-Mart

...?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. However, this paper will try to evaluate the success of Wal-Mart which is indeed the market leader in the retail industry, and it will prove the supremacy of the organization with personal experiences and supportive facts. Personal viewpoints and some observations about Wal-Mart: The base of this argument can be put as the undisputed crowd pulling ability and growing footfalls in Wal-Mart. There are many other retails stores...
3 Pages(750 words)Essay

Wal-Mart analysis

...? International Business (College International Business: Wal-Mart Analysis Wal-Mart Stores, Inc. is an American public multinational corporation headquartered at Bentonville in United States. It is a retailing industry founded by Sam Walton in 1962. The company operates abundant large discount department stores and warehouse stores. Wal-Mart employs the service of 2,100,000 workers so as to meet the interests of its customers across the globe. Previously, it was the world’s largest retail industry and now it ranks at third position. This company is also the largest grocery retailer in United States and deals with diverse ranges of product lines. Wal-Mart mainly operates in 17 different countries and they are: Brazil, Argentina, Canada...
4 Pages(1000 words)Research Paper

Wal-Mart Consumer Analysis

...? Wal-Mart Consumer Analysis The Wal-Mart giant retail stores are an economic force and a cultural phenomenon to reckon, with the title of the world’s largest retailer. The retail giant started with a simple and humble philosophy of offering customers the lowest prices from its founder Sam Walton. This has been the foundation of the retail company and the growth propeller. Wal-Mart stores are the dominant retail stores in the United Sates, with an estimated 84% of shoppers visiting the stores in the past year (Lecavalier). Currently, the company is growing further to Europe through the acquisition of Asda Stores. The history of Wal-Mart began a little after 1972 as a rural shopping store chain in Oklahoma, Arkansas, and Missouri...
5 Pages(1250 words)Research Paper

Business Analysis of Wal-Mart

... approximately 176 million numbers of customers every year (Next-Generation Wal-Mart, 2012). The annual growth rate of store is about 22% in country and internationally it is about 58% (Ambartsoumian, 2011). Financial Statements Analysis In order to evaluate the performance of any business, it is important to analyze its performance both from its financial statements and by doing comparison with its competitors. First, it is important to review the performance of Wal-Mart in the last couple of years which can be extracted from evaluation of its financial statements. The summary of financial performance of Wal-Mart is represented in the form of table after analyzing its Balance Sheet, Income Statement and Statement of Cash Flows (ttm stands...
5 Pages(1250 words)Research Paper

Organization Analysis - Wal-Mart

The organization has a reputable brand that is globally recognized allowing it to outshine competitors in the field. The company’s brand is distinct; furthermore, Wal-mart has established a group of loyal customers. Spotts (2005) asserts that consumers usually respond to less costly products to sustain their daily needs especially in a current time of economic hardships. Since the company makes purchases in large quantities, it obtains huge discounts that it can pass to its customers. This enables it to offer products at a reduced cost. Furthermore, the organization manufactures its own products allowing it to sell them at subsidized rates. Wal-Mart’s huge capital and customer friendly operations promote the marketing...
8 Pages(2000 words)Essay

Wal-Mart Effect

... Weakness-Opportunity Strategies and Possible Weakness-Threat Strategy. Third quadrant looks at reviewing product, develop standards up to the customer satisfaction, etc. Fourth quadrant looks at implementing backup systems, implementing policies to protect and avoid security risks. References Charles Fishman. The Wal-Mart Effect. Penguin Books: New York. 2006. Alison, Stewart. “Is One Beta Good Enough?” Managerial Accounting 63, 9.Mar. 1991: pg 38-40. Terence J. Downing. Wal-Mart study faulted by engineering firm. 11 April 2005. The Enterprise. 17 Mar. 2006. http://enterprise.southofboston.com/articles/2005/04/11/news/news/news06.txt --> Hunter G.  Target versus Wal-Mart, Wal-Mart Competitive Analysis...
5 Pages(1250 words)Essay

The Wal-Mart Effect

... their own business strategies. The Wal-Mart effect, after all, is here and cannot be changed. The only way for small businesses to thrive is to exist with the giant. The new David does not kill Goliath, but works alongside him. References Bianco, A., Zellner, W., Brady, D., France, M., Lowry, T,M. Byrnes, N., Zegel, S., Arndt, M., Berner, R., & Palmer, A.T. (2003, October 6). Is Wal-Mart too powerful? BusinessWeek 3852, 100-110. Chiou, L. (2009). Empirical analysis of competition between Wal-Mart and other retail channels. Journal of Economics & Management Strategy, 18(2), 285-322. Fishman, C. (2006). The Wal-Mart effect and a decent society: Who knew shopping was so important? Academy of Management Perspectives, 20(3), 6-25. 2...
9 Pages(2250 words)Research Paper

The Effect of Democracy on Chinese Development

Any country first needs to go through economic liberalization and political liberalization before finally settling into a stable democratic situation. Democracy should not at any one point be viewed as if it were socialism, but should be seen as a means of promoting economic development through accountability and protection of individual lawful rights and interests...accountability in the sense that the respective leaders are able to fight corruption, enhance social harmony, strengthen public trust and more importantly empower government institutions that are directly in touch with the people (Liu, 2008, p.1-2). Owing to the Chinese well informed and affluent society on top of having a very dynamic economy, the political change wh...
7 Pages(1750 words)Coursework

The Wal-Mart Effect

...The Wal-Mart Effect Introduction I will be necessary to consider different aspects of an organization. The different aspects will generally require different techniques. This exercise looks at four techniques. First there will be the SWOT technique. This is generally considered the core of analysis in strategic management. Then there will be the cost price relationship. The third one is the four Cs. . The fourth is the concept of the stakeholder. The second and third ones are relevant because the business serves the consumer market. This approach looks at the special dynamics of the consumer market. The third one is almost as relevant as the first. The reason is the size of this corporation. We are not considering its international...
18 Pages(4500 words)Dissertation

Analysis of the Methods of 3 Research Papers about Child Abuse

Research ethics was maintained as the identity of the individuals participating was kept secret. As far as the validity of the study was concerned, the researchers attempted to use content validity in order to get an accurate response. The content validity focused on measuring off the ethnicities and gender percentages within the area and attempting to get a random sample of individuals via the phone. Their approach to random calling allowed for a significant random sample in the study. There were a few issues, however, with this type of approach. Those answering the phone sometimes were not always the desired individual, and not all of the desired people were surveyed. Different replacements did have to be used, and the attempt w...
6 Pages(1500 words)Literature review

Economic Analysis of India

The country’s economy is fast growing with a stable political system that encourages foreign investment although with certain restrictions. The country generally has good energy, transport and communication systems which make the cost of doing business affordably.

The Republic of India found South of Asia is by far the world’s most populous democracy and ranks seventh largest in terms of geographical area (Brown, 1994). India is also the second most highly populated country in the world. The country has a rich culture with four major religions having originally emerged from it; Sikhism, Buddhism, Hinduism, and Jainism. The Indian Republic consists of seven union territories and 28 states and ranks twelfth la...
8 Pages(2000 words)Case Study

Airbus A 380: SWOT and Porters Five Forces Analysis

... this does not mean that the pilots are not needed, it is nonetheless an important aspect that the aircraft can go on “auto pilot” whenever desired. This comes in handy when there is rough weather or the landing conditions are inclement. The Airbus A 380 was built using the composite materials for the aircraft. This gives extra strength to the wings and underbelly and mitigates risks of accidents involving these parts. It can be said that building an aircraft is like a piece of art and the thousands of parts that go into the aircraft have to fit in with each other and the margin for error is non-existent as human lives are at stake. SWOT ANALYSIS In this section, I do a SWOT analysis of the Airline Industry with specific focus on Airbus...
6 Pages(1500 words)Case Study

Economic Analysis on BMW Cars in the US Car Industry

Mini and the 1-series rapidly grew at a much higher rate through 2008. Since the early days of the new millennium, BMW has been one of the first automakers to utilize flexible factories in which more than one vehicle model could be produced at the same time. This enabled the company to meet shifts in market demand more effectively than BMW’s competitors could. BMW challenges to retain its market position in the international market for luxury cars. Many automakers, such as Hyundai with its Genesis sedan or Nissan's Infiniti brand are increasingly successful in realizing higher margins earned on luxury vehicles. BMW is rated behind luxury brands such as Lexus, Porsche, Mercedes, and Infiniti for these reasons

1. Th...
7 Pages(1750 words)Case Study

Analysis of Educational Website

...) to make an impression that inclined the research to select this website for the analysis. Home Page (SE, 2010) of the selected website gives a simple and soothing look with the picture of a tree that somehow indicates the motive of the institution to provide educational resources to individuals, and tree seemed the best possible picture to illustrate such motive of the institution. Unlike other educational websites, this website (SE, 2010) has a more corporate look with no jumping animations that show the formal educational perspective of the institution. In addition, home page of the institution welcomes visitors with different categories to cater education-seeking individuals effectively. In this regard, whole website...
7 Pages(1750 words)Article

Analysis of Articles about Climate Change

Can we imagine an Earth where there are no green mountains, no deep blue seas, and no living creatures? No. But a disaster of such magnitude and dimension is looming over Earth. Humans have identified this threat, defined it and given it a name, global warming. 

It was in the 1990s that the world began to hear serious warnings on global warming and climate change. The summary for policymakers prepared as part of the first assessment report by the Intergovernmental Panel on Climate Change was the first-ever in-depth study on this topic (Houghton, Jenkins and Ephirams, 1990). This report explored climate change and stumbled upon revolutionary revelations. This study announced in very clear terms that there is a natur...
6 Pages(1500 words)Literature review

Analysis of Employement Law Cases

For instance, Section 82(1) of the Sex Discrimination Act 1975 provides statutory protection to workers who are working under a contract personally to execute any work or labor. It also covers self-employed people2.

Other statutes, such as the Working Time Regulations 19983 and the National Minimum Wages Act 19984, are appliable to workers, in addition to employees5. Hence, all these rights and protections are available to Fred, even if he were to be deemed a self-employed person.

Some of the more important rights bestowed upon employees by the employment law are the right to claim wrongful or unfair dismissal and payment for redundancy. Other legislation, such as the health and safety statute and the insolve...
7 Pages(1750 words)Case Study

Analysis of the Oil Industry

In 2001 alone, the US reported earning from the industry close to two hundred billion US dollars. According to a previous study, the middle east tops the list as the largest exporters of crude oil taking over sixty-six percent of the global production of oil. Europe is the least producers of oil taking only two percent of the market share (Green, 4).
According to the American Association of Petroleum Geologists, the major problem facing the industry is lack of workforce and the increase in demand for oil. The report indicated that by 2030, the world’s oil demand is expected to increase from one hundred and three to one hundred and thirty million barrels per day. Natural gas, on the other hand, will expectedly increase t...
7 Pages(1750 words)Coursework

CNN Inernal and External Analysis

There are quite a few news channels serving the American news-hungry people. When it is not reading the news, CNN offers critiques and insights into news items
Coming to brass tacks, CNN was the first US Cable Channel which offers 24 hours round the clock news. “It operates one of the top 24-hour news channels, reaching more than 100 million US homes. In addition to its flagship channel, the company offers HLN (formerly CNN Headline News), and it has an international division that keeps viewers informed in about 200 other countries.” (Cable news network Inc: Company description, 2010).

Perhaps one of the most conspicuous aspects of CNN is that it has an excellent contact network and reporters on the spo...
8 Pages(2000 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Book Report/Review on topic The Wal-Mart Effect: A Literary Review and Analysis for FREE!

Contact Us