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
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WALMART INC Consolidated Balance Sheets Walmart’s Statement of Financial Position on January 31‚ 2012 is given below together with some transactions reported during the fiscal year 2012. (Amounts in millions) January 31‚ 2012 Assets Current assets: Cash and cash equivalents $6‚550 Receivables 5‚937 Inventories 40‚714 Prepaid expenses and other 1‚774 Total current assets 54‚975 Property and equipment‚ at cost: Land 25‚612 Buildings and improvements 90‚686 Fixtures
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Walmart A Brief History In 1962 Sam Walton open his first Wal-Mart in Rogers‚ Arkansas. His low price approach to retail soon became a model that all Wal-Mart stores would follow. "Sell brand merchandise at low prices." By the 1980’s Wal-Mart had over 300 stores and had accumulated over 1 billion dollars in sales. USP OF WalMart Stores Wide variety‚ Low prices Other features Efficient supply chain network Central buying & Promotion Distribution Warehouse Cooperative
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CSR ISSUES IN WALMART Ethical sourcing Walmart claims that its mission is centered on helping people live better which not only applies to customers and associates‚ but also to the workers who make their products. Furthermore‚ all the products that Walmart offers to its customers are supposedly verified whether they are produced with dignity and respect for workers. In order to be accepted as Walmart’s supplier there are standards and obligations expected from suppliers. Following section
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The Rise of India India‚ one of four great ancient civilizations‚ has a splendid history‚ and it also has an important influence and effect on the development of world civilization. India’s societal development was lost during the period of British colonialism. However this indomitable nation is now rapidly developing. Since the 21st century when globalization swept the world‚ India has gotten the chance to move. India is rising. The paper will use PEST political environment‚ economic environment
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PEST Analysis of India This paper will provide the advantages and disadvantages of different facets that fall within the PEST analysis: political‚ economical‚ social‚ and technological aspects of India. Political: India is the biggest democracy in the world‚ with a government type of federal republic. The country’s form of government mimics the United States with its federal structure. The federal government consists of executive‚ legislative‚ and judicial branches. In addition
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of Contents 1) INTRODUCTION……………………………………………………………………………………………………. 2) PRIMARY RESEARCH…………………………………………………………………………………………….. 3) SECONDARY RESEARCH………………………………………………………………………………………… 4) OBSERVATIONS AND FINDINGS……………………………………………………………………………. 5) ANALYSIS………………………………………………………………………………………………………………. 6) CONCLUSIONS……………………………………………………………………………………………………………. 7) RECOMMENDATIONS……………………………………………………………………………………………. Introduction Since the mid 1950’s the quantity of studies into shopping
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As the largest retailer in America‚ Walmart has been called “one of the most impactful organizations in the history of humanity” (Roberts 1); however‚ we must ask ourselves what type of impact Walmart is making. Because they are such a large corporation‚ Walmart has the power and ability to greatly influence our society either for the good or for the bad‚ and most people agree that their impression on our current society is a negative one. There is lots of controversy over the ethical and economic
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Case Study: Big Bazaar – The Indian Wal-Mart Retail industry: The last decade has experienced a fundamental change in the Indian retailing industry structure‚ with a very perceptible shift from unorganized kirana and small independent shops to organized retailing such as retail chains and franchised outlets. This gradual shift is attributed to increased purchasing power along with aspirational demands of a segment driven by exposure to the Westem world because of media. An NCAER study
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Case Study 1 – Thorntons PLC To: Equity Fund Manager Date: 16 January 2013 From: Ivor Addict Subject: Thorntons plc Note: Introduction (note: some comments are obtained from reviewing the company’s website and that the use of company and group both refer to Thorntons group. The footnotes are only included to provide an indication as to where the information came from‚ they are not intended to be comprehensive. Some of the comments have been included to aid understanding
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