Wal-Mart Stores‚ Inc. Company Profile Publication Date: 18 Jun 2010 www.datamonitor.com Europe‚ Middle East & Africa 119 Farringdon Road London EC1R 3DA United Kingdom t: +44 20 7551 9000 f: +44 20 7551 9090 e: euroinfo@datamonitor.com Americas 245 5th Avenue 4th Floor New York‚ NY 10016 USA t: +1 212 686 7400 f: +1 212 686 2626 e: usinfo@datamonitor.com Asia Pacific Level 46 2 Park Street Sydney‚ NSW 2000 Australia t: +61 2 8705 6900 f: +61 2 8088 7405 e: apinfo@datamonitor.com Wal-Mart
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STUDY Wal-Mart is an American multinational retailer store that runs largest chain of discount department stores and warehouses. Wal-Mart was found in 1962 by Sam Walton in America. After its great success in America and other countries Wal-Mart decided to introduce itself in Germany by 1997. Wal-Mart failed to do business in Germany because the strategies and plans it used in America failed to work in Germany as the requirements of people and business differ from that in America. Wal-Mart failed
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Wal-Mart: The high cost of the low price Founded in 1962 by Sam Walton‚ Wal-Mart has grown to be one of the biggest transnational retail stores in the world. As of today‚ it has over eight thousand five hundred stores worldwide in fifteen different countries. It is reported that Wal-Mart has a net income of 15.2 billion dollars and sales revenue of 312.4 billion dollars. That’s enough to pay for seven years of health care fee for every man‚ women‚ and children in the United States! Providing one
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but Wal-Mart does its part to help America. Saving people money to help them live better was the goal that Sam Walton envisioned when he opened the doors to the first Wal-Mart more than 40 years ago. Wal-Mart ’s "good concept" involved huge stores offering customers a wide variety of name-brand goods at deep discounts that were part of an "everyday low prices" strategy. Today‚ there are 629 stores offering a pleasant and convenient shopping experience across the United States (Wal-Mart Stores
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1. Wal-Mart’s strategy was to buy low‚ stack high‚ and sell cheap. This strategy allowed them to focus on minimizing costs and generating revenue by selling discounted items. This allowed Wal-Mart to become a leader in discounted retail generating nearly 200 billion in sales from 1988-2000. 2. His strategy of keeping costs low influenced various sectors within the company. Early on‚ Walton was extremely frugal and would do anything he can to save money. This often meant sharing hotels or walking
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What is the ethical dilemma facing Wal-Mart in this case? Do Wal-Mart’s associates also face an ethical dilemma? If so‚ what is it? Wal-Mart is trying to implement the Kronos system which will automate a process that usually requires personal judgment. The Kronos system will create work schedules that are favorable to the company’s profit margin. Wal-Mart will be responsible for the potential conflicts the new system may cause its employees. Wal-Mart employees will face an ethical dilemma
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Chapter Two Legal/Ethical Challenge Wal-Mart What would you do if you were an executive at Wal-Mart? 1. Give Casias his job back. He is a great employee and is not violating state law about using marijuana for medical conditions. If I were an executive at Wal-Mart‚ I would amend the drug policy. I know that according to the Controlled Substance Act‚ marijuana is a controlled substance primarily because it has a high potential to be abused and there is no currently acceptable use. Under
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Explain how viable employee relations’ practices have contributed to Wal-Mart’s success as an employer When you think of the world’s largest retailer‚ Wal-Mart is usually the first name that comes to mind in its industry. With over 2 million employees‚ one must ask them-selves‚ why is Wal-Mart so successful and popular among employees? As a corporation‚ Wal-Mart focuses closely on its corporate culture and behaviors throughout the organization; paying close attention to satisfying both its
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Wal-Mart Goes Global Content: 1. Global strategies they use 2. Trade theories they may use 3. History of the company 4. How and why they operate globally 5. Investment environments 6. Some relevant countries they participate in foreign exchange rates. 7. Their strategies and structures in the global marketplace. Wal-Mart Stores’ Global strategies: Wal-Mart’s Global strategies related events that position the company to leverage its global scale to reduce costs
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Assignment 3 1. An individual firm like Wal-Mart manages supply chain by using a number of techniques. Considering that supply chains include multiple firms with potentially conflicting objectives‚ Wal-Mart has created very effective and innovative responses. This involves taking advantage of telecommunications infrastructures which focuses on using computerized systems that keep track of the inventory. Wal-Mart uses an EDI system that is better for record keeping and can be easily analyzed
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