...Paper Joe Williams (Team “A") FIN/370 Version 7 January 15, 2014 Ms. Nicolla Tebao Ethics and Compliance Paper Walmart is obligated and committed to following the rules and regulation of U.S. Securities and Exchange Commission (SEC). To understand Walmart’s compliance process, we must first examine the company's three basic beliefs. These beliefs have allowed them to become a valued-based and ethically led company. These three beliefs are “Respect for Individuals, Service to our Customers, and Striving for Excellence”. Based on these beliefs Walmart has established guiding principles for its stores in many countries throughout the world to follow. The guiding principles that influences the process of this company used to comply with SEC regulations are; always act with integrity, follow the law at all times, be honest and fair, reveal and report all information truthfully, without manipulation or misrepresentation. Because Walmart is listed as a U.S. public company, and a global business it must consider the laws in other countries when implementing any form of compliance policy and procedures. Walmart has made improvements to its compliance programs around the world in reference to its processes, procedures, and people. Though Walmart is addressing only 14 compliance subject matters in every business, these areas are common everywhere Walmart does business. The 14 compliance subject matters are “anti-corruption, food security, anti-money laundering, antitrust, pharmacy...
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...CORPORATE RESPONSIBILITY PAPER. Question: Does Walmart have a corporate responsibility to avoid doing business in countries that are undemocratic, violate human rights, or permit exploitative work conditions even if it benefits those employed by Walmart in that country. In order to understand the reasons why Walmart should care about doing business in undemocratic countries where human rights are constantly being violated, several factors must be taken into consideration. Firstly, the definition of corporate and social responsibility must be clearly realized. Next, there should be thorough comprehension of corporate law and international corporate law in relation to human rights. Another point to identify to realize Wal-Mart’s responsibility is the efforts that have been made by the corporation in the issues of humanitarianism; in this we will identify cases, which will illustrate the corporation’s record when it comes to human rights. As a corporation founded in one of the democratic countries in the world as well as a major player in international organizations such as the United Nations, Wal-Mart as an entity has a moral responsibility to adhere to human rights law and protecting the citizens of so called “undemocratic countries.”, Corporate responsibility is defined as “duty and rational conduct expected of a corporation; accountability of a corporation to a code of ethics and to established laws” (Dictionary.com.) but in this case, the definition of Corporate Social...
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...IMPORT An import is a good brought into a jurisdiction, especially across a national border, from an external source. The party bringing in the good is called an importer. An import in the receiving country is an export from the sending country. Importation and exportation are the defining financial transactions of international trade. In international trade, the importation and exportation of goods are limited by import quotas and mandates from the customs authority. The importing and exporting jurisdictions may impose a tariff (tax) on the goods. In addition, the importation and exportation of goods are subject to trade agreements between the importing and exporting jurisdictions. "Imports" consist of transactions in goods and services to a resident of a jurisdiction (such as a nation) from non-residents. The exact definition of imports in national accountsincludes and excludes specific "borderline" cases. A general delimitation of imports in national accounts is given below: * An import of a good occurs when there is a change of ownership from a non-resident to a resident; this does not necessarily imply that the good in question physically crosses the frontier. However, in specific cases national accounts impute changes of ownership even though in legal terms no change of ownership takes place (e.g. cross border financial leasing, cross border deliveries between affiliates of the same enterprise, goods crossing the border for significant processing to order or repair)...
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...operations management joined Walmart as hourly associates Increase of Increase of More than 59% in earnings per share(1) (1) Data reflects five-year period from fiscal 2009 through 2013. 123% in free cash flow(1)(2) $ 60B returned to shareholders through dividends and share repurchases(1) (2) Free cash flow is a non-GAAP measure. Net cash provided by operating activities of continuing operations is the closest GAAP measure to free cash flow. Reconciliations and other information regarding free cash flow and its closest GAAP measure can be found in the Management’s Discussion and Analysis of Financial Condition and Results of Operations included in this Annual Report and on our website at www.stock.walmart.com. About the cover: Regardless of the market where we operate, the retail format or the website, Walmart serves customers with one core mission: to help people save money so they can live better. To learn more about Walmart’s business strategies and company mission, please visit our electronic report at www.stock.walmart.com. You’ll hear from management, associates and customers about our business. Many of Walmart’s most innovative ideas originate from the insights of associates across our global operations. Michael T. Duke President and Chief Executive Officer Wal-Mart Stores, Inc. To our shareholders, associates and customers Over the last few years, I’ve shared with you how we would build the “Next Generation Walmart” and serve the “Next...
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...operations management joined Walmart as hourly associates Increase of Increase of More than 59% in earnings per share(1) (1) Data reflects five-year period from fiscal 2009 through 2013. 123% in free cash flow(1)(2) $ 60B returned to shareholders through dividends and share repurchases(1) (2) Free cash flow is a non-GAAP measure. Net cash provided by operating activities of continuing operations is the closest GAAP measure to free cash flow. Reconciliations and other information regarding free cash flow and its closest GAAP measure can be found in the Management’s Discussion and Analysis of Financial Condition and Results of Operations included in this Annual Report and on our website at www.stock.walmart.com. About the cover: Regardless of the market where we operate, the retail format or the website, Walmart serves customers with one core mission: to help people save money so they can live better. To learn more about Walmart’s business strategies and company mission, please visit our electronic report at www.stock.walmart.com. You’ll hear from management, associates and customers about our business. Many of Walmart’s most innovative ideas originate from the insights of associates across our global operations. Michael T. Duke President and Chief Executive Officer Wal-Mart Stores, Inc. To our shareholders, associates and customers Over the last few years, I’ve shared with you how we would build the “Next Generation Walmart” and serve the “Next...
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...first Walmart in Rogers, Ark. 1967: The Waltons now own 24 stores, ringing up $12.7 million in sales. 1969: The company officially incorporates as Wal-Mart Stores, Inc. 1970s 1970: Walmart becomes a publicly traded company on October 1. 1971: The company’s first distribution center is opened in Bentonville, Ark. 1972: Walmart is listed on the New York Stock Exchange (ticker: WMT). Now with 51 stores, Walmart records sales of $78 million. 1975: Inspired by a visit to a Korean manufacturing facility, Sam Walton introduces the Walmart cheer. 1976: David Glass joins the company as EVP of finance. 1979: The Walmart Foundation is established. 1980s 1980: Walmart reaches $1 billion in annual sales, faster than any other company at that time. 1983: The first Sam’s Club opens in Midwest City, Okla. Walmart replaces cash registers with computerized point-of-sale systems, enabling fast and accurate checkout. 1987: The company installs the largest private satellite communication system in the U.S., linking the company’s operations through voice, data and video communication. 1988: The first supercenter opens, in Washington, Mo, combining general merchandise and a fullscale supermarket to provide a one-stop shopping convenience. David Glass is named CEO. All trademarks in this report are the property of their respective owners. © 2012 Wal-Mart Stores, Inc. 50 years of helping customers save money and live better 1990s 1991: Through a joint venture with Cifra, Walmart expands...
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...information. Maintaining and monitoring of integrity, confidentiality, and availability of the transaction data are primary objectives which are supported by organizational procedures and guidelines. At the tactical level, information is interpreted and utilized in decision making. Implementations of preventative, detective, and responsive controls are a primary objective which is supported by organizational standards. Further analysis aggregation of the information creates knowledge to help make strategic level decisions (White, Garry, 2009). The goal of the top manager is to provide Information security policy as a framework to ensure that systems are developed and operated in a secure manner. Such policies must consider internal and external threats and risks. They must address issues such as privacy and be current to change technologies. Furthermore, policies must complement and be compatible with federal, state, and local laws. Which indicates the needs for secure information sharing policies in Internet-based supply chain management. Such policies enhance the competitive advantage by...
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...A Comparative Study of Walmart Operations in Canada & Mexico Table of Contents 1. Executive Summary…………………………...………………………………...…...2 2. Introduction………………………………………………………………………….3 3. Walmart and the Canadian Marketplace……………………………..…………3 A. Country Competitiveness B. Cultural Environment C. Political and Legal Environment D. Entry Strategies 4. Walmart and the Mexican Marketplace……………………………..………….10 A. Country Competitiveness B. Cultural Environment C. Political and Legal Environment D. Entry Strategies 5. Summary Comparison of Canadian and Mexican Markets…………………….18 6. Recommendation…………………………………………………………………….19 7. References…………………………………………………………………………...21 1. Executive Summary This report closely examines the operations of the world's largest retailer, Walmart, in Canada and Mexico. Assessments of market conditions in both countries have been conducted in terms of country competitiveness, cultural, political and legal environments and the strategies used by Walmart upon entry. Tying into these international business factors, specific aspects of international economic integration, monetary systems, social responsibility and corruption have also been reviewed. While being part of one continent and a common trade bloc (NAFTA, the North American Free Trade Agreement), considerable differences between Canada and Mexico are apparent. These differences are individually analyzed on the following pages. Inevitably, they...
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...Should Run 2-3 Pages in Length) Q#1 Provide the name of the organization (this must be a real organization and you may use the organization where you currently work; describe the organization’s size and summarize the primary mission of the organization. Don’t simply copy from the organization’s mission statement. I chose to use WalMart for this assignment; WalMart’s primary mission is to bring consumers high quality goods at a low, discounted price. Sam Walton’s original vision was to accomplish this; although WalMart has grown substantially since its initial founding, this mission has not changed. WalMart employs just over 2 million people worldwide and has 8,970 locations. Q#2 From your research of the organization, identify a single Business Process Change that the organization will need to contemplate and undertake in the coming year. These changes can result from new technologies, economic issues, or changes in the marketplace. WalMart has successfully navigated the marketplace over the years, from green initiatives to economic slowdowns. A Business Process Change it currently faces is its employee relations. WalMart has taken a lot of heat recently for its labor relations, with issues running the gambut from wage violations (some employees allege they are paid less than the minimum wage requirement), employees working excessive hours, anti-union policies, racial and sexual discrimination, poor working conditions and low levels of health insurance...
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...relationship to a person’s projected Emotional Intelligence (EI) may lead to matching the right person to the right job. Job proficiency tests are used to select candidates for employment and are the number one tool used to match the right person to the right position (ND.gov, 2015). However, there are quite a few complaints about the fairness of this process and due to many court cases challenging the validity of these tests, many organizations have chosen to drop the assessment. A plaintiff must establish adverse impact upon a protected group by the employment practice used, in order to force an employer to show content validity in terms of examined traits to be consistent with job relatedness. In a court case against Target, the court found that the questions relating to personality traits in terms of religion and sexual orientation did not have any bearing on the desired emotional stability of the projective employee who had applied for the security officer’s job (Schaffer & Smidt, 2008). A frustrated guest on the Walmart Job applications site notes: “Not everyone has the ideal personality, and most of the questions are prejudicial in regard to ethics” (Doyle, 2015). Some believe that a pre-employment personality test is not conducive or valid, and maybe often faked (Beaz lll, 2013). Factor analysis is used to determine the interrelationship of traits, which is the...
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...ACC 700 Milestone two Newham Company Click Link Below To Buy: http://hwaid.com/shop/acc-700-milestone-two-newham-company/ The second milestone is a rough draft of the second artifact for your professional portfolio, a sample audit. The sample audit will consist of three main parts:the business risk analysis, the sample audit program, and the report of recommendations. Thiswill be graded using the rubric at the end of this document and is an opportunity for you to organize your thoughts and receive feedback from your instructor for the final submission. Note that the submission guidelines for this milestone are less demanding than those for the final submission. Once you have submitted this milestone and receivedfeedback from your instructor,it is up to you to incorporate this feedback and complete the artifact by meeting thesubmission requirements found in the Final Project Guidelines and Rubric document. Newham Company Information Newham Company is a publicly traded company operating in the “personal product” industry.Newhammanufactures cosmetic and body-care products.These products are sold to large department chain stores, such as Target and Walmart,to be sold and distributed to the final consumer. Competitors include Revlon, Inc.(REV –NYSE) and Avon Products, Inc.(AVP -NYSE). NewhamCompany has experienced steady growth over the past several years. Recently, there has been a change in executive management, includingthe CEO and CFO.The change was sparked by...
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...Running head: PROBLEM SOLUTION: M-CORE Problem Solution: M-Core Turkessa Amoah University of Phoenix Problem Solution: M-Core M-Core is a subsidiary of Silatel Corporation. M-Core is a company that develops and multi-core processing chips for computers. M-Core prides itself on its revolutionary technology and is attempting to combine four or more processors on a single chip. “If successful the processors will provide 10 times the processing power of current high-speed processors that are available on the market, while at the same time eating up less energy.” (University of Phoenix, n.d.) In order to facilitate M-Core in the production of the new processor chips Silatel has purchased a research facility in New Oxford to use as a manufacturing plant. New Oxford is a small New England Town. The people of New Oxford are mainly hardworking, laid back people who are very proud of their homes and neighborhood. Many of the residents of New Oxford welcome the new facility, as a way to increase revenue for the area and create much needed new jobs. M-Core is attempting to build the new facility by purchasing the homes of the residents who currently occupy the land for a price above what the homes are worth. Most of the residents have been happy to take the company up on its offer but three residents have been unwilling to relocate and sell their homes. M-Core has asked the local politicians, including the mayor to help persuade the residents to sell their land. This paper will...
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...Johnson & Wales University Providence, Rhode Island College of Management Marketing Final Project Walmart MTKG 5500 Spring Term 2015 Professor Kim By: Andreas Ulrich, Chia-Yi Lin, Lauren Hahn and, Min Zhang May 13th, 2015 Abstract This document discusses how Walmart is one of the largest retailers in the world with how the mass production utilizes its resources to be cost effective in its selling price of all their products which makes the brand very well known in this aspect. Walmart has evolved since it first began the company and has changed their marketing strategy to better suit their customers’ interests and demographics. The company has become well known internationally for the brand image Walmart created for them and sets them aside from their competitors. Their excellent marketing strategy stems from the four P’s of price, product, distribution (place), and promotion. The pricing is low, but efficient from the cost control of the resources they obtain. The products walmart issue to the product range varies according to the needs of customers. The distribution is industrialized internationally and continues to expand. Walmart uses the differentiated strategy to target their customers. The organization utilizes product diversity, low- price strategy, e-commerce, long-term growth strategy, and technology innovation for future business. However, there are suggestions that were made for better expansion were product development, different approach...
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...Business Strategy Essay - (Unit 7) Introduction In my report i will cover all the criteria given in are assessment; also i will use real life examples of various companies to assist in the answering of my questions. In addition i will explain how and why these strategic methods are implemented in this business unit to achieve this i believe that i have to show in a real life predicament how these tasks that are complex can actually work by planning and using certain elements that will make the company more efficient. I believe that the mangers role is important and that he or she must know how and when to imply their skills to assist in the running of an organisation by having prepared paper work regarding goals targets how staff are working, when is the most efficient time of business. I will also be covering stakeholder analyse whereby i will use given examples to show the importance of being in the no with your stakeholders. In addition to the above i will be organising an audit for a given company and shall use the information i have read to assist in the creation of the audit. I hope you find my report interesting and credible thank you. P1 - Explain Strategic contexts and terminology Mission is and an important assignment carried out for political, religious, or commercial purposes, typically involving organisations. They use these terminologies to help and create better work ethics, for example Wal- mart has a vision whereby they beliefs...
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...Allstar Brands Over-The-Counter Cold Medicine Group May 15, 2014 PHARMASIM Simulation Initial Strategy Report Allstar Brands Over-The-Counter Cold Medicine Group May 15, 2014 PHARMASIM Simulation Initial Strategy Report PHARMASIM Simulation Initial Strategy Report Presented by Group D This report is Part 1 of assignment for Marketing MBA 565-MBOL1 to Dr. Stephen Baglione Table of Content Executive Summary...………………………………………………………………………..2 Project Objectives………………………………………….…………….…………..2 1.0 Vision………………………………………………………………………….…………..3 1.2 Objectives…………………………………………………………………….……….…..3 1.3 Key Success Factors………………………………………………………………….…..3 2.0 Target Markets…………………………………………………………….….…….……4 2.1 Market Definition and Segmentation……………………………….….……………….4 2.2 Target Market Segment Strategy……………………………………….………………4 2.3 Distribution Channels……………………………………………….…………………...4 2.3.1 Pricing and Promotional Allowances…………………………………………………4 2.4 Competitive Forces……………………………………………………………………….4 2.5 Advertising………………………………………………………………………………..4 2.6 Product Development…………………………………………………………………….5 2.7 Expense Budget Summary…………………………………………………….…………5 2.8 Sales Forecast………………………………………………………………….………….5 2.9 Progress Measurement and Monitoring…………………………………….….……….5 3.0 Key Marketing Metrics……………………………………………………….………….5 3.1 Other Success Metrics……………………………………………………………………5 3.2 Marketing Organization…………………………………………………………………5 ...
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