WALMART, BUSINESS
“SAVE MONEY, LIVE BETTER”,
NOT ON WAL-MART WAGES!
Prepared B
Human Relation Communication
10/18/2013
SUBJECT: “SAVE MONEY, LIVE BETTER”
Wal-Mart, “Always Low Prices, Always.” It is well known that one of the great keys to Wal-Mart’s formidable success is its lower-than-low cost of doing business. Wages in particular are as low as can be. Minimum wages and minimum benefits: that’s the way Wal-Mart stays ultra competitive.
This report examines the state of Wal-Mart’s business practices and its effect on the economy. It will describe Wal-Mart as a non-union employer, paying lower wages to their employees than other retail and grocery stores. They do not offer benefits to all employees and most are unable to afford them.
Between Wal-Mart’s business practices in increasing their profits and the need to recognize their social and ethical responsibilities, Wal-Mart needs to find a comfortable balance of profitability and responsibility in order to improve their reputation.
During the process of writing this report, we found that there was much more information to be discussed about Wal-Mart’s unethical business practice than what was reported. We also wanted to point out that although all companies do everything possible to lower their costs and maintain high production rates, Wal-Mart has crossed the line over the years by managing their profits in unethical ways compared to other large corporations who have been ethically and successfully managing their business practices. Information that can be found on Wal-Mart is changing everyday and it was sometimes difficult to keep up.
EXECUTIVE SUMMARY Wal-Mart has been recognized as the leader in its industry and the largest company in the nation. With its powerful profit making abilities, Wal-Mart has grown from a local corner store to the money making “monster” it is today. The company has damaged its reputation over the years due to unethical choices
NOT ON WAL-MART WAGES!
Prepared B
Human Relation Communication
10/18/2013
SUBJECT: “SAVE MONEY, LIVE BETTER”
Wal-Mart, “Always Low Prices, Always.” It is well known that one of the great keys to Wal-Mart’s formidable success is its lower-than-low cost of doing business. Wages in particular are as low as can be. Minimum wages and minimum benefits: that’s the way Wal-Mart stays ultra competitive.
This report examines the state of Wal-Mart’s business practices and its effect on the economy. It will describe Wal-Mart as a non-union employer, paying lower wages to their employees than other retail and grocery stores. They do not offer benefits to all employees and most are unable to afford them.
Between Wal-Mart’s business practices in increasing their profits and the need to recognize their social and ethical responsibilities, Wal-Mart needs to find a comfortable balance of profitability and responsibility in order to improve their reputation.
During the process of writing this report, we found that there was much more information to be discussed about Wal-Mart’s unethical business practice than what was reported. We also wanted to point out that although all companies do everything possible to lower their costs and maintain high production rates, Wal-Mart has crossed the line over the years by managing their profits in unethical ways compared to other large corporations who have been ethically and successfully managing their business practices. Information that can be found on Wal-Mart is changing everyday and it was sometimes difficult to keep up.
EXECUTIVE SUMMARY Wal-Mart has been recognized as the leader in its industry and the largest company in the nation. With its powerful profit making abilities, Wal-Mart has grown from a local corner store to the money making “monster” it is today. The company has damaged its reputation over the years due to unethical choices
Cited: Wal-Mart. New York: Basic Books, 2004. Gogoi, Pallavi Business Source Premier. Cal State L.A. Library, Los Angeles, CA. 16 Feb. 2008 Quinn, Bill Slater, Robert. The Wal-Mart Decade. New York: Penguin Group, 2003. “Wal-Martization of Workers’ Wages and Overtime Pay”. 2007. UFCW. 18 Feb. 2008