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Unformatted text preview: Wal-mart Paper A generation ago, manufacturers were the kings of corporate America, but over the past 25 years, American manufacturers have lost that position of power. Today, America's largest private sector employer is Wal-Mart, a retailer so large, it virtually dictates many decisions manufacturers make, and is pushing American production overseas. As the nation’s largest company and number one employer, Wal-Mart has Americans believing that its interests are similar to the public’s interests. Wal-Mart prides itself on driving down costs all the way through the smallest supplier to ensure the lowest prices on everything from electronics to clothing to house wares to edibles. Wal- Mart also takes credit for stimulating economic development, creating jobs, and filling local coffers with ales and property tax revenues. According to Wal-Mart “What’s good for business is good for America,” but in reality Wal-Mart is nothing but bad for America from; destroying jobs, unrightfully slave labor to the way their employees are treated. Sam Walton, a leader with an innovative vision, started his own company and made it into the leader in discount retailing that it is today. Through his savvy, and sometimes unusual, business practices, he and his associates led the company forward for thirty years. Today, the company is still growing steadily. Wal-Mart executives continue to rely on many of the traditional goals and philosophies that Sam's legacy left behind, while simultaneously keeping one step ahead of the ever-changing technology and methods of today's fast-paced business environment. In business, there is big, and there is Wal-Mart. In 2006 Wal-Mart had $312 billion in sales making it not only the largest retailer in the world and it now also ranks as the largest corporation in the world. Wal- Mart has become three times the size of the number two retailer in the world, France’s 1 Carrefour. More than 176 million shoppers visit Wal-Mart’s some 4,750 stores meaning over 82% of American households made at least one purchase at Wal-Mart. “There’s nothing like Wal-Mart,” says Ira Kalish, global director of Deloitte Research. “They are so much bigger than any retailer has ever been that it’s not possible to compare.” Although Wal-Mart looks to be a superior business, and many customers believe that Wal-Mart is a satisfying place to do their shopping due to it being the one stop shop, while everyday customers are unaware of what Wal-Mart does behind the scenes to make it “Everyday Low Prices.” it “Everyday Low Prices....
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- Spring '07
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