Wal-Mart’s Foreign Expansion 1. Do you think Wal-Mart could translate its merchandising strategy wholesale to another country and succeed? If not‚ why not? I think it solely depends on the culture of the country they are trying to enter. As stated in the case when Wal-Mart tried to expand to Germany and Korea it failed. Although when they entered the Chinese market their sales soared. Making it easy to grow and open hundreds of stores throughout the country. I believe Wal-Mart could succeed
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Beware Consumers Walmart is undoubtedly the largest global retailer‚ employing more people than any army. The mega-store’s presence is known all around the world‚ with a reach stretching from the United States to China. According to the Public Broadcasting Service (PBS)‚ Walmart is the largest employer in the United States‚ just after the Federal government‚ with over 925‚000 employees. In addition‚ every year they hire 550‚000 more employees‚ which is three times the number of people the U.S. military
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Utilitarianism: A thought investigation into the strive for equality. Utilitarianism is a consequentialist philosophy‚ where motives and actions are disregarded and only the end result is accounted for (Rachels 2009). Utilitarianism is an ethical theory that is based on the idea that the proper course of action is the one that maximises the quantified ‘utility’. Utility is the unit of measurement that to describes the benefit individuals can gain from an action. Utilitarianism argues
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Involvement) LEARNING OBJECTIVES (TOPIC 3) After completion of this topic‚ you will be able to: 1. Describe the main ethical theories and apply it to business scenarios © iStockphoto.com/Dan Bachman ETHICAL THEORIES Three periods in history of ethics Greek period (500 BC-AD 500) • The man who performed his duties as a citizen = good man • Greeks – “Man is the measure of all things” – he decides for himself what is right and wrong • Socrates‚ Plato and Aristotle emphasised the need and importance
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Wal-Mart Stores History Sam Walton founded Walmart in 1962. He was a businessman who started working in retail in 1940 at a J.C. Penney store in Des Moines‚ Iowa. In 1945‚ he ran a retail store in Newport‚ Arkansas‚ part of a chain of variety stores named Ben Franklin. Instead of renewing his lease‚ however‚ he decided to open a new Ben Franklin franchise in Bentonville‚ Arkansas and called it “Walton’s Five and Dime.” He succeeded by selling at a discount. Walmart’s purpose best exemplifies what
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The Philosophy of Utilitarianism may have a positive outcome‚ but it can be flawed at times as well. The Utilitarian theory states “ The greatest happiness for the greatest number of people”. Some say this approach is flawed due to it lacking reason and consequence‚ I believe this depends on specific circumstances. Abortion is a big issue now a days and I feel that the utilitarian theory would be a reasonable outlook on this particular situation. To apply the Utilitarian theory to abortion‚ first
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distributive justice. One distributive justice approach used in the healthcare field looks at the quality adjusted life year (QALY). The effectiveness of a treatment is based on an increase in the length and/or quality of life. This uses the utilitarianism theory which supports taking the action that results in the most good for the largest number of people. The end result is justified even if there are some undesirable actions to be taken to reach that end. Some argue against the use of this approach
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The philosophical theory that I choose to do is called “utilitarianism”. In a brief sentence‚ utilitarianism means the greatest good for the greatest number of people. Basically what this means is‚ doing the right thing is based on how many people your action benefits rather than how much it benefits you. According to the Oxford American Dictionary utility means “the state of being useful‚ profitable‚ or beneficial”(oxford dictionary‚2013). The whole theory is all about how much it benefits and
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states-of-wal-mart-and-corporate-social-responsibility/ Trevino‚ L. K.‚ & Nelson‚ K. A. (2011). MANAGING BUSINESS ETHICS Straight Talk About How To Do It Right (5th ed.). Retrieved from The University of Phoenix eBook Collection database. Walmart Foundation Gives $2 Million to Help ’Green ’ Food Banks. (2011). Retrieved from http://feedingamerica.org/press-room/press-releases/walmart-green-initiative-2011.aspx We Are Meals On Wheels Association of America. (2012). Retrieved from http://www.mowaa
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The Utilitarianism approach is that of a moral one. It is defined by the right action that maximizes the greatest amount of happiness or well-being and is the wrong action when it promotes the reverse of happiness. Not just the happiness of the person performing an action‚ but for everyone who will inevitably be affected by that action while it is taking place as well as afterwards in the future. Again‚ what matters most is the elevation of happiness and well-being. Utilitarianism relies on intrinsic
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