Walmart Corporate Greed Essay
Wal-Mart Corporate Greed
Introduction: As you step into Wal-Mart the first thing you encounter is an employee greeting you. Look around and you find that the shelves are always stocked and there is an employee in almost every department maintaining a clean area. Although the store may be a little unorganized and crowded, you still make your way to the department that has your low priced goods. The way that the departments are laid out, you are sometimes enticed to purchase items that are not on your list. You look for a cashier that does not have many customers, and you wait in line. Some may wait for five minutes, others many wait for twenty. Once you have finished paying you walk towards the same people that greeted …show more content…
His principle for the company was simple and straight forward, he believed in leadership through service, he wanted great value and great customer service, all at a low affordable cost. The company exceeded even Mr. Walton 's expectations. Wal-Mart went public in 1970, and the proceeds helped finance the expansion of the business2. In 1980, Wal-Mart reached $1 billion in annual sales, faster than any other company. By 1990, Wal-Mart had become the number one retailer in the world. In 1992, Sam Walton received the Medal of Freedom, shortly before dying at the age of 743. Once he died, the vision of Wal-Mart changed forever. Now the goal was not about customer service, or even about great value, the main priority was now all about making profit. This company has become so important to individual families, and the suppliers who employ millions of people. Sam Walton’s legacy of this picture perfect company, is now far off the …show more content…
For some of these families, their small shop or store is not only a way of living, but it has now become their lifestyle, this is how they survive. Wal-Mart is a highly centralized corporation that will crush all competition, and will do just about anything to cut costs. A report was released in 2005, claiming that opening a Wal-Mart in Iowa was the main reason why mom and pop stores closed, including 555 grocery stores, 298 hardware stores, 293 building suppliers, 161 variety stores, 158 women’s stores, and 116 pharmacies. If a Wal-Mart were to open in a small town, within the first 2 years of its grand opening, about 80 local stores will go out
Introduction: As you step into Wal-Mart the first thing you encounter is an employee greeting you. Look around and you find that the shelves are always stocked and there is an employee in almost every department maintaining a clean area. Although the store may be a little unorganized and crowded, you still make your way to the department that has your low priced goods. The way that the departments are laid out, you are sometimes enticed to purchase items that are not on your list. You look for a cashier that does not have many customers, and you wait in line. Some may wait for five minutes, others many wait for twenty. Once you have finished paying you walk towards the same people that greeted …show more content…
His principle for the company was simple and straight forward, he believed in leadership through service, he wanted great value and great customer service, all at a low affordable cost. The company exceeded even Mr. Walton 's expectations. Wal-Mart went public in 1970, and the proceeds helped finance the expansion of the business2. In 1980, Wal-Mart reached $1 billion in annual sales, faster than any other company. By 1990, Wal-Mart had become the number one retailer in the world. In 1992, Sam Walton received the Medal of Freedom, shortly before dying at the age of 743. Once he died, the vision of Wal-Mart changed forever. Now the goal was not about customer service, or even about great value, the main priority was now all about making profit. This company has become so important to individual families, and the suppliers who employ millions of people. Sam Walton’s legacy of this picture perfect company, is now far off the …show more content…
For some of these families, their small shop or store is not only a way of living, but it has now become their lifestyle, this is how they survive. Wal-Mart is a highly centralized corporation that will crush all competition, and will do just about anything to cut costs. A report was released in 2005, claiming that opening a Wal-Mart in Iowa was the main reason why mom and pop stores closed, including 555 grocery stores, 298 hardware stores, 293 building suppliers, 161 variety stores, 158 women’s stores, and 116 pharmacies. If a Wal-Mart were to open in a small town, within the first 2 years of its grand opening, about 80 local stores will go out