Walmart Ethical Culture Paper
Walt-Mart Ethical Culture
February 2015
Major: Business
ABSTRACT Walt-Mart Ethical Culture & corporate profit maximization Todays as we live in a global economy, the common knowledge of ethical culture provides identifying characteristic and values for organizational members to recognize and become informed. Cultures can be distinguished by artifacts, values, and basic traditions. On the other hand profit maximization according to (Jensen 2002: 240). Firm taking inputs out of the economy and putting its output of goods and services back into the economy increases aggregate welfare if the prices at which it sells the goods more than cover the costs it incurs
in purchasing the inputs. As the one of the world’s largest corporation, Wal-Mart Stores, Inc. has had its fair share of scrutiny in the past and today from many groups which optimism to change the company’s policies in order to better serve the greater good of the community. The purpose of this paper is to analyze Wal-Mart ethical culture, compare and contrast on the changes that they made. Also elaborate on consumer relationship as it relate to their culture. In addition, how Wal-Mart labor force impacted its corporate profits overall, then our community. Wal-Mart ethical culture and corporate profits will always link to each other whether it positive or negative base on what is most important to them. Furthermore; the negative impact of Wal-Mart will never go away completely because of their size alone and differences of public opinions. As I conclude my finding, unless consumers are suddenly careless about saving more than ethical culture and the right way to maximize profits, concern and questions about Wal-Mart are inevitable and will always continue as long as the company exists.
Introduction
For the majority of people in the United State Wal-Mart is one of the most frequently visited destinations to shop for groceries and other amenities. Wal-Mart has become a one stop shop where people can possibly buy almost everything they need. According to document posted on (PBS.ORG, 2004), in 2004 one hundred million Americans shop at Wal-Mart stores weekly. I can only imagine today that number since then have been increase due to more expansion of the company. They have grown from groceries store to supper center where everything including cosmetics is under one roof. The original idea of Wal-Mart providing goods and supplies for less money started with Sam Walton back in the early 60’s. In the late 1940s, when Sam Walton was franchising a Ben Franklin’s variety store in Newport, Ark., he had a simple but momentous idea. Like any retailer, Walton was always looking for deals from suppliers. Typically, though, a retailer who managed to get a bargain from a wholesaler would leave his store prices unchanged and pocket the extra money. Walton, by contrast, realized he could do better by passing on the savings to his customers and earning his profits through volume (Frank, 2006).
PBS.ORG. (2004, 11 16). Retrieved 02 17, 2013, from Frontline: http://www.pbs.org/wgbh/pages/frontline/shows/walmart/secrets/stats.html
Frank, T. (2006, 04). Reclaim Democracy. Retrieved 02 15, 2013, from reclaimdemocracy.org: http://reclaimdemocracy.org/brief-history-of-walmart/
February 2015
Major: Business
ABSTRACT Walt-Mart Ethical Culture & corporate profit maximization Todays as we live in a global economy, the common knowledge of ethical culture provides identifying characteristic and values for organizational members to recognize and become informed. Cultures can be distinguished by artifacts, values, and basic traditions. On the other hand profit maximization according to (Jensen 2002: 240). Firm taking inputs out of the economy and putting its output of goods and services back into the economy increases aggregate welfare if the prices at which it sells the goods more than cover the costs it incurs
in purchasing the inputs. As the one of the world’s largest corporation, Wal-Mart Stores, Inc. has had its fair share of scrutiny in the past and today from many groups which optimism to change the company’s policies in order to better serve the greater good of the community. The purpose of this paper is to analyze Wal-Mart ethical culture, compare and contrast on the changes that they made. Also elaborate on consumer relationship as it relate to their culture. In addition, how Wal-Mart labor force impacted its corporate profits overall, then our community. Wal-Mart ethical culture and corporate profits will always link to each other whether it positive or negative base on what is most important to them. Furthermore; the negative impact of Wal-Mart will never go away completely because of their size alone and differences of public opinions. As I conclude my finding, unless consumers are suddenly careless about saving more than ethical culture and the right way to maximize profits, concern and questions about Wal-Mart are inevitable and will always continue as long as the company exists.
Introduction
For the majority of people in the United State Wal-Mart is one of the most frequently visited destinations to shop for groceries and other amenities. Wal-Mart has become a one stop shop where people can possibly buy almost everything they need. According to document posted on (PBS.ORG, 2004), in 2004 one hundred million Americans shop at Wal-Mart stores weekly. I can only imagine today that number since then have been increase due to more expansion of the company. They have grown from groceries store to supper center where everything including cosmetics is under one roof. The original idea of Wal-Mart providing goods and supplies for less money started with Sam Walton back in the early 60’s. In the late 1940s, when Sam Walton was franchising a Ben Franklin’s variety store in Newport, Ark., he had a simple but momentous idea. Like any retailer, Walton was always looking for deals from suppliers. Typically, though, a retailer who managed to get a bargain from a wholesaler would leave his store prices unchanged and pocket the extra money. Walton, by contrast, realized he could do better by passing on the savings to his customers and earning his profits through volume (Frank, 2006).
PBS.ORG. (2004, 11 16). Retrieved 02 17, 2013, from Frontline: http://www.pbs.org/wgbh/pages/frontline/shows/walmart/secrets/stats.html
Frank, T. (2006, 04). Reclaim Democracy. Retrieved 02 15, 2013, from reclaimdemocracy.org: http://reclaimdemocracy.org/brief-history-of-walmart/