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Essay / Research Paper Abstract
A 4 page paper discussing ethical standards at the world’s largest company. The presence of a Wal-Mart does wreak havoc on local retail operations, but Wal-Mart deserves only a portion of the blame. When local merchants compete effectively, then they gain opportunity to prosper in Wal-Mart’s shadow. Wal-Mart does have a responsibility to act ethically, however. The company’s management needs to adopt a more sustainable approach to continued growth, beginning with close scrutiny of the ethics of its standard practices. Bibliography lists - sources.
Page Count:
4 pages (~225 words per page)
File: CC6_KSwalmartEthics.rtf
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Unformatted sample text from the term paper:
is raised when Wal-Mart applies for zoning changes and local permission to enter a new market, but the cry never is loud enough to create more than only passing resistance.
The complaint is that Wal-Mart will breeze into town, undercut local businesses, close local business and then raise prices. Though Wal-Marts official stance is that it never would
do such a thing, history and evidence indicate otherwise. Sam Walton built Wal-Mart on strong ethical principles, and much of the shift occurring
in recent years took place only after his death in 1992. The bottom line, however, is that for all its innovation in retail, Wal-Marts ethical base needs to be
strengthened. Positive Aspects Formerly the worlds largest retailer, Wal-Mart now has surpassed General Motors to become the worlds largest company of any kind.
Despite left-leaning views of any corporation as an evil entity bent on profiting at all costs, the simple fact is that Wal-Mart did not attain its current position by
setting out to be predatory in snaring the greatest number of consumers possible (Davidson, 1995). In a world where retail increasingly is pressured
to show any kind of profit, Wal-Mart has excelled. Wal-Mart has not been reticent in its rate of investment in IT, which has allowed it to operate more efficiently
- and therefore more profitably - than its closest competitors. When demographers predicted shrinking of the middle class more than a decade ago, Wal-Mart made it its business to
discover what these new discount store shoppers were buying during any specific shopping trip. A hallmark of successful marketing is knowing the customer, and none of Wal-Marts competitors sought
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