The World Wide Wal-mart

The World Wide Wal-mart - The World Wide Running head: THE...

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The World Wide 1 Running head: THE WORLDWIDE WAL-MART The Worldwide Wal-Mart Joey D. Finley University of Phoenix
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The Worldwide Wal-Mart There comes are significant and almost defining point when a company opens itself up to the world. Globalizing a business makes achieving a greater foundation with the amount of customers and increasing profit margins possible. Consistent with the corporate website, Wal- Mart currently owns “more than 8,159 retail units under 55 different banners in 15 countries. With fiscal year 2009 sales of $401 billion, Wal-Mart employs more than 2.1 million associates worldwide” (Wal-Mart, n.d., para 1). Wal-Mart is completely insistent with its endeavors to have power over the worldwide marketplace to develop into the grandest chain supplier of goods on the globe of all time. A large amount of importance is positioned onto the globalizing inventiveness efforts of the Wal-Mart business. Conversely, for globalization to be triumphant, research regarding other nations in which proposed business dealings are an option will need to be accomplished by the Wal-Mart conglomerate. Regrettably, accusations of Wal-Mart allowing poor quality work environments and unsafe procedures at the same time as conducting business transaction with these other lands are incurring. The International Labor Rights Forum, since centralizing its focus on the ever growing organization, states that in “late 2005, the ILRF on behalf of factory workers from Indonesia, China, Bangladesh, Nicaragua, and Swaziland filed a lawsuit against Wal-Mart Stores charging that Wal-Mart knowingly and systematically violated its Standards for Suppliers” which eventually was dismissed in 2009 by California’s 9 th Circuit court (International Labor Rights Forum [ILRF], n.d., para 3). Because of these predicaments that envelop with many of America’s businesses, the organization owners are frequently believed corrupt, unprincipled, and unethical. Furthermore, unknowing United State citizens could employ certain manners or actions that is suitable in America but is inappropriate in other nations. Such an example of exposing the sole of a shoe in the direction of another while sitting
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with a leg upon one’s own knee is considered insulting to the people of India, whom in general are a humble yet arrogant people. Wal-Mart on the other hand, similar to many other businesses, is more concerned with the almighty dollar compared to paying attention to and ensuring the workers. Eager investors will be enthusiastically involved if including Wal-Mart with making business transactions that should end up generating huge earnings due to the cost of labor being so inexpensive. Because of their large capability in mass production that in turn offers cheaper priced goods, the Wal-Mart machine erects more and more stores that attracts local consumers from already neighboring businesses. These infringements lead to further insolvency of nearby providers. These operations of the large corporation habitually portray Wal-Mart as an
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This note was uploaded on 03/29/2011 for the course ECON 101 taught by Professor Smith during the Spring '11 term at University of Phoenix.

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The World Wide Wal-mart - The World Wide Running head: THE...

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