The Case for Wal-Mart Is Wal-mart the ideal store to shop it? Austrian economic and business professional Karen De Coster and banker Brad Edmonds believe that Wal-mart improves the lives of people in rural areas because it gives them access to a lifestyle that they would not have if Wal-mart did not exist. Karen De Coster is a freelance writer she is a graduate student in Austrian economics, and is also a business professional from Michigan. Although she has not finished her first book , she has written many other articles on many other things for example in August of 2009 she wrote “I’m the Government and I’m Here To Lie To You” . Brad Edmonds is a banker in Alabama. These authors are making an effort to inform people …show more content…
They are able to take out valuable facts and information from their own knowledge and from research they were able to accumulate. “families who shop carefully at Wal-mart can actually budget more for investing on children funds or entertainment. And unlike other giant corporations , Wal-mart stores around the country make an attempt to provide a friendly atmosphere by spending money to hire greeters, who are often people who would have difficulty finding any other job.This is a partial solution to shoplifting problems; the solution Kmart applied (“Hey, what's in the bag?”) didn't work as well”(Brad Edmonds and Karen de Coster) This displays logos by staggering us with a factual paragraph stating that if someone really wanted to save money by shopping at Wal-mart they would have to do it carefully and then they would be able to invest on a childs fund for college or be able to save that money by investing it on something else. And Unlike other mom and pop shops Wal-Mart draws you back each time because they hire people that have a more difficult to time finding an ordinary job either because of their criminal records or because of a disability, unlike other stores they have greeters that make Walmart a more hostile environment to shop at. This strengthens her claim because it shows fact about how Wal-mart has a plan to be outgoing and be able to make it. Although they use appeals to
Furthermore, another element apparent in the low-cost strategy of Wal-Mart is the cost conscious corporate culture. The company was started by a man named Sam Walton who developed the company to have “every day low prices”. He is also known for saying “if we work together, we’ll lower the cost of living for everyone”. Every since Sam Walton started this company, the entire company has strived to be a low-cost leader. Various leaders of Wal-Mart have never sought to change the philosophy the company was built on, but continued to build upon it. It is the focus that underlies everything they do. It is also an approach that has garnered success. Low-cost strategies are unable to work on products that are uncommon and that few people purchase, but because Wal-Mart
However rather than Wal-Mart itself doing this it is the 'Wal-Mart effect’. The class inequalities are increased because of pressure on wages brought about by their outsourcing policies class. Whereas on the other hand gender inequality has increase as Wal-Mart provide flexible part time work which are found easily accessible by women because they are the primary workers in the home. This perpetuates racial inequalities in our society and pushes poor ethnic communities in a cycle of poverty.
6) Are Wal-Mart’s persuasive tactics concerning its value to communities ethical in approach and intention?
Wal-Mart has branded stores in all 50 states and in over 27 countries. Wal-Mart started with humble roots in 1962 by Sam Walton in the small town of Bentonville, Arkansas. Within thirty years, the small local discount retailer grew to one of the largest retail companies in the United States of America. Now it stands as the largest retailer in the world. As the largest retailer, Wal-Mart has gained many detractors. In "The Case for Wal-Mart," Karen De Coster and Brad Edmonds recognize how people “like to attack bigness” (632). Many believe Wal-Mart offers low wage jobs with few employee benefits, discriminates against women, and among many other issues, doesn’t give back to the community (631). In contrast to the constant barrage
Wal-Mart has eliminated the hustle of going from store to stores to get specific items. Even though many fear it’s taking money away from business, it is argued to be a necessary part of the American Economy. Hoeing says, “The charge that Wal-Mart puts local ‘mom-and-pop’ stores out of business is a validation of the company, not a demonizing of it.” This states that variety Wal-Mart deems itself more powerful than the smaller and less successful businesses.
In the heart of America's economy, Wal-Mart stands tall as a symbol of modern retail. Its humongous stores offer everything from groceries to electronics, attracting millions of shoppers seeking low prices and convenience. However, behind this facade of affordability lies a complex and often controversial story of Wal-Mart's impact on America. At the core of the debate is the question of whether Wal-Mart is a force for good or a detriment to society. On one hand, Wal-Mart's ability to offer a wide range of products at competitive prices has undoubtedly benefited consumers, particularly those on limited budgets.
Walmart is one of the biggest retailers in the world as well one of the most criticized. For some they look at the many jobs the corporation creates, or how it’s one stop shop saves the lower class billions a year with their affordable prices and quality products. On the other hand, critics focus on the poor working conditions, and their antiunion actions. In “Up Against Wal-Mart”, Olsson argues that Walmart is not as great as everyone thinks because they underpay workers, don’t provide proper affordable health care, and go to extreme measures to prevent employees from forming labor unions. Olsson feels Walmart’s morals are in the wrong place and they need to improve the employee relations instead of being so greedy. Sebastian Mallaby
Wal-Mart is a “Big Business” and they have held this title for many years. That is not to say they present a negative connotation to most Americans. Quite the contrary, Wal-Mart is a global leader in offering low cost merchandise, a variety of items to choose from, a clean environment in which to shop. Additionally, they are one the largest employers in America, they are still a private corporation, whom stocks rank first and second place. They promote within and they offer training and advancement for their associates (Fishman, 2006).
Wal-Mart increase completion in the area where it is located and lower prices for all consumers. Without Wal-Mart in these areas, prices will be higher and consumers would pay more. Wal-Mart prevents monopolies from occurring and encourages competition which is a very important principle of capitalism. Even Bruce Bartlett, a former deputy assistant secretary for economic policy at the United States Treasury department, talks about the importance of Wal-Mart. He worries that all the backlash and this war against Wal-Mart by critics would negatively affect poor families who relies and needs Wal-Mart (Maich 6). He continues that there is no one representing the people who benefit from Wal-Mart the most, the poor, in these debates. (Maich 6) He concluded that “If you’re stuck with a low income and you can reduce the amount you pay for basic items, then your real income goes up” (Maich 6) This statement shows how Wal-Mart is a necessity for poor people and how it help poor people to save money. Thanks to Wal-Mart people are saving money and could budget more for other items.
“Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer...” Adam Smith. Wal-Mart is a producer who has the sole purpose of promoting consumption of the consumer. Wal-Mart and its quest for capital improvement are playing a major and vital role in the evolution of economic life. Wal-Mart brings positive change to towns in the U.S. They increase competition between retailers, stimulating the economy, and they also bring more capital and tax revenue to at town, some of which desperately need a positive change.
In Robert Greenwald’s 2005 film, Walmart: The High Cost of Low Price, he along with other political activist opposes the rhetoric of Walmart’s CEO, Lee Scott, to the experiences of current Walmart employees, both in the United States and internationally; small town business owners, shoppers, and community activists. The film opens up previewing an audience of Walmart employees at a convention cheering on Lee Scott as he proudly states “It would be a pleasure for anybody to be the CEO of this company. . . . You get to say we had record sales, we had record earnings, we had record reinvestment back in our company” (Greenwald, 2005, 0:50). The statement gave the impression that he was going to praise the work of employees for their contribution
In that with what ever task is being performed it is done with as little human labor as possible. Allowing that labor to do other things. As mister Worstall points out this is not a new trend as technology is being developed new ways to use less human labor to perform a task are being developed. He also points out that it is usually only Wal-Mart that is blamed for these issues when plenty of other large retail stores displace jobs when they move to town. And while it is true that Wal-Mart puts small businesses that are in direct competition with it out of business, such as restaurants, boutiques, and other franchises (Tuttle 5) this is how businesses normally function with the better business attracting all of the customers and eventually driving its competition out of business. Also those businesses that are not in direct competition with Wal-Mart will normally move into the buildings that had been previously occupied by Wal-Mart’s competitors and succeeded in those locations as they were not actually competing with Wal-Mart directly. Another person who disagrees with those who believe Wal-Mart is harmful to small communities is John Semmens an author for Foundation for Economic Education stated that Wal-Mart is in fact a good thing despite what
I watched this movie on June 1, 2016. The movie Wal-Mart: The high Cost of Low prices is a documentary about the unsavory practices Wal-Mart has in place in order to ensure they are selling their items at dirt cheap prices. The movie starts out with a mom and popshop called H and H hardware, talking about the adverse effects of a Wal-Mart in their area has on their business. Eventually they become unable to compete with Wal-Mart and their low prices, and the viewer soon sees them put the family store up for sale. The movie then goes on to talk about how when a Wal-Mart comes to an area, it is only a mere matter of months until the local business are forced to close shop. Many towns offer subsidies so a Wal-Mart will come and open there, but
Majority of people has been shopping in Wal-Mart once or even frequently. People like the way that Wal-Mart works. Their prices are cheap and we can find variety of commodities. Wal-Mart has run for around 53 years. It is a great thing because it can represent that people like the store. It is very important to note that not every retail store can be run for a long time with tremendous profit. According to their website, they have approximately 260 millions customers consumes in their stores which includes the stores over 28 countries. In addition, Wal-Mart also has 2.2 millions employees all over the world, including 1.4 millions employees in the U.S. However, the chief executives officer of Wal-Mart, Doug McMillon recently announced that they are going to shut down 269 stores that includes in the U.S. store and worldwide stores. In other words, there are more than 16000 workers including 10000 in the U.S. will be affected and thousand of workers will be laid off. This paper is going to analyze the issue ethically, and use alternative ways to work the problem out.
Wal-Mart’s core value - delivering low prices - has proved successful in creating the largest and most powerful company in history. From 2001-2006, Wal-Mart opened an average of sixteen new supercenters per month, one every business day in 2005 (Fishman, 2006). Ghemawat (2004, cited by Lichtenstein, (2006))