Answer to Question One: Case Study Wal-Mart and Business Ethics
Not what you're looking for?
Summarize Wal-Mart and their effects on business ethics.
Purchase this Solution
Solution Summary
This solution will provide the student with the answer to question one of the case study: Wal-Mart and Business Ethics. The Solution is over 900 words with one reference.
Solution Preview
Wal-Mart is an organization that is known worldwide for both its success, and its negative impacts in the business community. The company employs over 1.7 million people worldwide, with 1.3 million people accounting for its United States payroll (Ferrell, 2012). Despite its size and rapid growth, Wal-Mart is continually facing concerns over employee working conditions. As the company moves forward, it must clearly define a strategy to address these growing concerns.
The driving force behind Wal-Mart's business model is the motto, "Everyday Low Prices." The company has three core beliefs it uses to accomplish their mission. First, respect for the individual. Second is service to their customers. Finally, third is striving for excellence. These three core beliefs build a solid foundation for Wal-Mart to be successful.
As a new Wal-Mart opens in a new area, several things happen. Generally, grocery prices will reduce by 25% in the area (Ferrell, 2012). The competition that survives is usually forced to reduce their prices to remain competitive, however many competitors are simply forced to close due to an inability to compete with Wal-Mart. Critics of Wal-Mart point out that while the company hires several employees, their employees are low wage jobs and many have no benefits and are held to under 28 hours to keep them at a part time status. Even more alarming, is that an estimated 46% of Wal-Mart employees qualify for Medicaid benefits.
Wal-Mart comes from humble beginnings. Founder Sam Walton began his retail career by opening a variety ...
Purchase this Solution
Free BrainMass Quizzes
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.