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The stakeholders listed in this study may not be a comprehensive list of Wal-Mart stakeholders as those not mentioned are not affected by the case in Mexico.
The table below provides the stakeholders affected by the case together with their stakes, attributes, and responsibilities of Wal-Mart towards them with the strategies and actions (Carroll & Buchholtz, 2014).
It is evident some other stakeholders of Wal-Mart including social activists, local government, businesses operating near Wal-Mart, communities where Wal-Mart stores are located, among others. The reason is that they are not affected by the Mexico case. The reasons for selecting and classification of the different stakeholders in the manner depicted in the table, and Wal-Mart’s specific avenues for dealing with the case are provided in detail in the proceeding sections of the paper.
The first consideration entailed the ranking of the stakeholders beginning with those most affected by Mexico case through the consideration of the typology allowing for the determination of the most important stakeholder to be dealt with in the Mexico case. The stakeholder importance order includes the dealing with the definitive stakeholders, followed by the dominant stakeholders, and lastly the dominant stakeholder since three types of stakeholders were identified in the case. The definitive stakeholders consist of employees, shareholders, customers, and the US government owing to the direct impact of the case on these stakeholders and dealing with them first hand would allow for a clear and faster resolution of the case.
Wal-Mart employees are involved in the daily running of Wal-Mart operations giving them the power and legitimacy and they hold an interest in the company being their employer and through the employment contract they have a right in the case. The poor conditions of work, poor payments and unpaid overtime, low benefits, not promoting female
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6 How sustainable is Wal-Mart’s competitive advantage in discount retailing in the USA 9 With reference to Dunning’s Eclectic Paradigm of foreign direct Investment (FDI), compare and contrast Wal-Mart’s entry into the German market in 1997 with its subsequent entry into the UK market in 1999.
269 – 272). Since the establishment of small retail store outlets in isolated areas made it easier on the part of Wal-Mart’s target consumers to purchase consumer products without having the need to travel to far-away places, Wal-Mart as a brand has created a positive image which made the company gain the loyalty of its existing consumers (Taub, 1986, p.
Customers’ tastes are changing from time to time not only in retail industry but also in almost every industry. So, a business should be aware of the ever changing consumer tastes and behaviors to be successful in the long run.
Wal-Mart Stores is a multinational corporation that operates in fifteen different countries with approximately 8,500 stores. Currently, it is the world’s largest public corporation as measured by revenue. In 2010, the company made $421 billion from its warehouse retailers.
In the age on increased business competition, it has become very vital to ensure organizational efficiency. One such example can be found in the business strategies of Wal-Mart. Wal-Mart is the global retailer in the retail industry and has a niche for itself in the market. The history of this company can be traced to the year 1962.
The organization initiated its activities in the year 1962 by opening its first shop in Arkansas. Years later, the organization developed into Wal-Mart stores; opening the first supply center and home administration center at Bentonville. The organization launched the first super center in 1988 whilst initiating the first global unit in Mexico.
It shows the percentage of a company's equity that has been financed by external debts. The debt-to-equity ratio for Wal-Mart has been calculated as:
In the Weighted Average Cost of Capital (WACC) involves the calculation of separate items in the capital employed and then weighting the cost of each element by its proportion of the total capital employed.
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.