Picture this; you’re standing in a grocery store in a small town. You have always liked their prices and they are conveniently close to your house. The store has always had a plentiful amount of sales, but you notice there seemed to be more than usual, so you go and ask your friend who works as a cashier about them. To your surprise she tells you that the store will be closing in the next two months! When you ask why, she makes a face and says one word that will change your town forever, Wal-Mart. As a multi-billion dollar corporation, you would think that Wal-Mart would have good benefits, health care opportunities, and reasonable wages right? Wrong. Wal-Mart has changed many people’s lives for the worse. The saddest thing is not many people are doing anything about it. Wal-Mart is taking over towns, shutting down small businesses ranging from grocery stores to a hardware stores. Wal-Mart, according to fastcompany.com is “an entirely different order of being, and that it does more business than Target, Sears, J. C. Penny, Kmart, Kroger, and Safeway combined”. Due to the bulk of their goods being imported from China, this has caused unemployment rates to skyrocket. Along with the fact that they are a very antiunion corporation, this has caused them to limit benefits and health care, according to epi.org. In addition to these things are Wal-Mart’s ridiculously low wages for employees, even though Wal-Mart is one of the most successful businesses in the world. Wal-Mart has damaged America by shutting down small businesses, raising the unemployment rate, awfully low wages, and refusing union involvement, and these reasons are the reasons why you shouldn’t go there. According to theguardian.com Wal-Mart began as a small business in Newport, Arkansas in 1945 owned by a Sam Walton. Walton received a $20,000 loan from his father-in-law to start it and Walton implemented practices including; very low prices, wide range of products, and longer hours. As...
6 September 2010
In Robert Greenwald's documentary film, Wal-Mart: The High Cost of Low Prices, A strong and apparent negative connotation is established by his presentation of facts and his emotional appeal.
Throughout his documentary, Greenwald uses first hand accounts from people negatively effected by Wal-Mart to appeal to his audience's emotions. Through this he effectively tries to persuade the audience that walmart is corrupt in its nature and has a ultimately negative effect on America and the world. Greenwald's constant tone shifts from happy Wal-Mart commercials to the sad stories of family’s who have had their lively hood taken away by Wal-Mart. Greenwald
uses dialog through interviews throughout the film to show people the actual effects of Wal-Mart. Not only does he ask people for humanity through video of factory conditions and worker interviews, but he appeals to them personally, but showing the effects on all of America. Greenwald has the ability to show the world effects along with the effects on small town American family’s that power this country. Greenwald seeks empathy from his audience, providing a real and horrific Wal-Mart. Being a film, Greenwald takes advantage of his limitless rhetorical devices....
...Robert Greenwald's ''Wal-Mart: The High Cost of Low Price'' is not ''Fahrenheit 9/11.'' There are no goofy takeoffs of old television series. You won't see H. Lee Scott Jr., the chief executive of Wal-Mart, the largest retailer on the planet, practicing his golf swing or making revealing comments on camera.
He doesn't have to. Mr. Greenwald's film features plenty of star witnesses, many of them former employees. Weldon Nicholson, a store-manager trainer for 17 years, says that when Wal-Mart came into a new town, management people would scan the stores along Main Street and make a game of predicting how long it would take each business to close.
Johnny Faenza, an employee of H & H Hardware, a family business in Middlefield, Ohio, that opened in 1962 but bit the dust after Wal-Mart came to town, is mystified by the corporation's unimpeded march toward monopoly. ''They busted up Standard Oil, and they busted up Ma Bell,'' Mr. Faenza says in the film, but in this case, ''nobody seems to be paying attention.''
The saddest part of this documentary is a series of shots of abandoned Main Streets, empty store after empty store, with Bruce Springsteen's plaintive version of ''This Land Is Your Land'' as accompaniment. But vanquishing thousands of small businesses coast to coast is not Wal-Mart's only crime, its critics say....
Wal-Mart does not benefit the American economy. It is a privately owned business that was established in 1962 by Mr. Sam Walton in Bentonville, Arkansas. Walton opened Wal-Mart as a one-stop shop providing services at unbeatably low prices. Wal-Mart has opened many stores, and its development dominating most parts of the American society. Arguments have been raised on the implications of these low prices to the U.S economy and its communities. Film maker Robert Greenwald highlights the impacts of Wal-Mart on small American societies in the film, "Wal-Mart: The high cost of low price." Greenwald has covered different aspects of Wal-Mart in the film like increasing government spending, eliminating small business and abuse of workers. According to Greenwald, overreliance on Wal-Mart has negatively impacted the American economy and society, both locally and internationally.
The film makes use of firsthand information from interviews conducted by Greenwald on individuals that have faced the impact of Wal-Mart’s reign. Since its establishment, Watson had promised customers and workers great services by offering goods at low prices. According to the film,...
Wal-Mart is a company based in North America but has become the largest retailer and is larger than any other retail chain in the world. It is clear that Wal-Mart is growing and gaining international power at an alarming rate. Wal-Mart journey from humble beginnings in the 1960s as a folksy discount retailer in the boondocks of Arkansas to a global retailing juggernaut in 2008 was unprecedented among the company of the world: Sales were expected to exceed $400 billion in fiscal 2009.
Wal-Mart provides general merchandise: family apparel, health & beauty aids, household needs, electronics, toys, fabrics, crafts, lawn & garden, jewelry and shoes. Also, the company runs a pharmacy department, Tire & Lube Express, and Photo processing center as well.
There are also many secondary issues surrounding the Wal-Mart Corporation and its large growth. It is the largest retail company in the United States and has been ranked number one on the Fortune 500 Index by Fortune Magazine. Wal-Mart has four parts to their corporate strategy.
1. Dominance in the Retail Market
2. Expansion in the U.S. and International Markets
3. Creation of Positive Brand and Company Recognition
4. Branch Out into New Sectors of Retail
In recent years, Wal-Mart is very active in the...
...Wal-Mart Case study analysis
Submitted by: Sarfaraj Heranja
Roll No.: 33
Submitted to: Prof. Karan Shashtri
VRIO framework of Wal-Mart
Hard to Imitate?
Support by organisation?
IT investments and systems
Economies of scale
Relationship with suppliers
Low price offerings
Relationship with suppliers:
WalMart known for their supply chain management and this becomes possible because of their relationship with their suppliers. So it is valuable for them and rare also and supports by their logistic department.
Distribution plays major role in WalMart’s low cost offerings. Because of their effective distribution network they can provide low cost products. So it is valuable for them and rare also and supports by their logistic department and marketing department.
Low price offerings:
WalMart’s main strategy is to provide low cost offerings to their customers and so it is their core competencies.
WalMart’s value, thriftiness, hard work, innovation, continuous improvement makes the whole culture of organisation and because of their culture they can formulate and apply strategies.
Value chain analysis
...Surat Sribenjachote IUP2010 01
Papawarin Limamapar IUP2010 02
A brief history of Wal-Mart store Inc.
Among the many business enterprises and organizations that changed the world, Wal-Mart holds a very important position. Wal-Mart is the largest private employer in the world with over 8000 stores in 15 countries. Here is a brief the history of Wal-Mart, Starting off with Sam Walton’s idea of low prices in the 1940s, Wal-Mart has since then become the world’s largest public corporation, topping the list of Fortune’s Global 500 for the sixth time in seven years. With headquarters in Bentonville, Arkansas, this retail giant has over 2 million employees worldwide, with 1.4 million within the United States alone, making it one of the largest private employers in the nation. The first Wal-Mart was opened in 1962 by founder Sam Walton in Rogers, Arkansas with the help of brother J.L. (Bud) Walton. A mere five years later, the company had increased to 24 stores within Arkansas and had reached up to $12.6 million in sales. By 1968 Walton opened his first stores outside of Arkansas, in Sikeston, Missouri, and Claremore, Oklahoma, and a year later in 1969 incorporated all of these ventures as Wal-Mart Stores, Inc. on October 31. In early 1990s,...
...Wal-Mart Stores, Inc. (“Wal-Mart,” the “Company” or “we”) operates retail stores in various formats around the world and is committed to saving eople money so they can live better. EDLP is our pricing philosophy under which we price items at a low price every day.
Comparable store sales is a measure which indicates the performance of existing stores by measuring the growth in sales for such stores for a particular period over the corresponding period in the prior year.
As shown on a slide the segment net sales growth resulted from comparable store sales increases of 3.2% in fiscal 2009 and 1.0% in fiscal 2008. Net sales in Sam’s Club increase of 4.8% in 2009 and 4.9% in 2008.
Wal-Mart does not have a formal mission statement. If Wal-mart did have a formal mission statement, it would be something like this: ‘’to provide quality products at an everyday low price and with extended customer service…always’’.
No word better describes Wal-Mart than growth. In 1945, Sam Walton opened his first Ben Franklin franchise in Newport, Arkansas. The company opened its first discount department store in November 1962. Growth was slow until the mid of 1970s. Once, company went public in 1970, sales began to increase rapidly. Sam Walton was died in 1992. In February 2009, Mike Duke became the new...
...What, historically, has been Wal-Marts key source of competitive advantage in discount retailing?
WalMart’s competitive advantage is a result of several key strategic choices.
• First, WalMart’s choice of geographic location in rural/small town locations that were not being served by competitors allowed it to establish itself as the sole discount retailer in these areas.
• WalMart’s inventory management strategy. From the onset, WalMart has been a leader in implementing new and cost effective methods to manage inventory. Merchandise is tailored to local market demand via “traiting” where a product’s movements are indexed over a thousand store and market traits.
• WalMart’s operations strategy. WalMart’s operations activities fit well together to achieve maximal efficiency and lower costs. By having multiple distribution centers, WalMart is able to lower a store’s square footage that is devoted to inventory . This allows higher efficient use of store floor space for displaying more goods and generating greater sales volume.
• WalMart’s vendor relations. WalMart has made specific supplier choices along the way that are geared towards minimizing costs and maximizing efficiency. Buying is centralized at headquarters which keeps purchasing costs down
• WalMart’s culture. From the onset, Sam Walton led by example and emphasized frugality, customer service, and an open book policy. WalMart’s culture focuses on building loyalty among...