...Diversity in the Workplace / Wal- Mart Case Shirley Nolan October 30, 2011 Class #: 1109MGMT Section: 610514 Turnitin Score: 14% This Research paper is about diversity in the workplace. It also talks about how management handles diversity in the workplace and how they view it. The case that I will be talking about is the Wal-Mart case. This case will also show you how leadership played a very important role in this case when it comes to the managers that work for this company. This case had a big in pack on the retail organizations around the world. Woman that works for Wal-Mart are not given the same advances that the males are in the same position in this company. I also talk about some suggestions that managers at Wal-Mart could have done different to stop this case from going to the Supreme Court on June 20, 2001. One of the most significant issues that management faces today is diversity in the workplace. “Diversity means employing people without discrimination on the basis of gender, age and ethnic or racial background.” (Graves, 1993, p .4). Diversity has important implications for the values of an organization’s culture and for organizational effectiveness. Management is the process by which a person in a supervisory role focuses on planning...
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...majority of companies throwing in the towel due to the daunting and exasperating process of trying to reach the top. It is with these profound reasons that most companies have now developed a great array of skills and techniques in captivating the customers to attain the designed goals and objectives (Bhatnagar, 2004). One of the businesses that are known to face such extreme competition is the Wal-Mart Company. Wal-Mart is widely known for its vast range of chain stores that provides the world with the best and most affordable and accessible forms of technology. It is more so known to provide some of the latest stellar digital forms of technology and other appliances that are vital for human use. However, Wal-mart success has been hanging on the balance due to its recent controversy on its compensation plan. For sure this has not been a piece of cake and exasperating has it been for the company to retain back its lost glory. It is because of this that this paper is written to providing stellar corrective measures on compensation plan. Evaluation of the current pay structure used by Wal-Mart Company and the recognition of employee contributions. Compensation management is the strategic process of aligning pay, incentives and benefits of employees with the organizational goals and objectives (Bhatnagar, 2004)). Compensation management further aims at linking an employee and the organization though an employment relationship in such a way that the Company achieves its objectives...
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...2011 The Business Mission and Vision of the Wal-Mart Company Q 1 A) Find and list the names of the Board of Directors for the Wal-Mart Company. Members of the Board of Directors of the Wal-Mart are: Aida M. Alvarez (joined Wal-Mart in 2006) - a director for UnionBanCal Corporation; James W. Breyer (joined Wal-Mart in 2001) - a director of RealNetworks, Inc., Marvel Entertainment, Inc., and several private companies; M. Michele Burns (joined Wal-Mart in 2003) – a director for Cisco Systems, Inc. James I. Cash, Jr. (joined Wal-Mart in 2006) - a director of The Chubb Corporation, General Electric Company and other private companies, and former director of Microsoft Corporation. Roger C. Corbett (joined Wal-Mart in 2006) - a director of The Reserve Bank of Australia, Fairfax Media Limited, and Chairman of the board of directors ALH Group Pty Limited. Douglas N. Daft (joined Wal-Mart in 2005) - a director of The McGraw-Hill Companies, Inc. Michael T. Duke (joined Wal-Mart in 2008) - Chairman of the Global Compensation Committee Marissa A. Mayer (joined Wal-Mart in 2012) - Vice President of Local and Maps for Google Inc. Gregory B. Penner (joined Wal-Mart in 2008) - Former general partner at Peninsula Capital, an early stage venture capital fund Steven S Reinemund (joined Wal-Mart in 2010) - A director of Exxon Mobil Corporation, American Express Company, and Marriott International, Inc. H. Lee Scott, Jr. (joined Wal-Mart in 2009) - Member of the Strategic Planning and...
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...Wal-Mart’s Industry Averages and Financial Ratios Paper Wal-Mart Stores, Inc. maneuvers trade warehouses in countless structures worldwide. The business functions in three sections comprising of Wal-Mart International, Wal-Mart U.S., and Sam’s Club. “It operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, restaurants, apparel stores, drug stores, and convenience stores, as well as various retail websites, such as walmart.com and samsclub.com.“ (Retrieved by: http://finance.yahoo.com/q/pr?s=WMT) Wal-Mart has an inventory ratio that is based on a traditional inventory system, but desire a change to a Just-In-Time inventory system. Analyzing Wal-Mart’s financial ratios provide an outlook on the financial health of the company. Furthermore, the financial ratios are compared to other industry ratios including profitability, solvency, and efficiency. Wal-Mart Stores, Inc. “As of June 5, 2014, it operated approximately 11,000 stores under 71 barriers in 27 countries; and ecommerce websites in countries.” (Retrieved by: http://finance.yahoo.com/q/pr?s=WMT) In 1945, Wal-Mart was originated and its headquarters is located in Bentonville, Arkansas. Wal-Mart Stores, Inc. SIC Code is 53119901. The company line of business is department stores, but often considered variety stores and miscellaneous general merchandise stores. Wal-Mart Stores, Inc. NAICS is 452112 or 452111. On the other hand, Wal-Mart Stores, Inc. deals with a number of items...
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...management of Wal-Mart Stores, Inc. can apply the concepts of organizing and motivating to reach the organizational objective of resolving the ethical issues regarding wages and employee welfare by June 2012. 1.2 Background Vesilind (1988) defined ethics as the study of systematic methodologies which can assist one in making value-laden decisions when one is guided by his or her individual moral values. Hence, one is said to be practicing ethics when he or she is implementing ethical values in decision-making. When managers and employees do not practice ethical values, an organization will face ethical issues. In this report, the organization that is being discussed is Wal-Mart Stores, Inc. In the United States, Wal-Mart Stores, Inc. run large discount department stores and also warehouse stores. Even though Wal-Mart is the largest groceries retailer, the management of it has caused many ethical issues regarding wages and employee welfare as they did not practice ethical values. Wal-Mart Stores, Inc. paid their workers low wages that are even lower than the federal poverty line. Bianco and Zellner (2003) stated that in 2001, documents filed in a lawsuit that is against the corporation showed Wal-Mart sales clerks earned $8.23 an hour, or $13,861 a year on average. The wages is definitely low and insufficient, especially for a family of three, as the federal poverty line at that time was $14,630 (Bianco & Zellner, 2003). Besides that, Wal-Mart Stores, Inc. also forced...
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...WAL MART SWOT ANALYSIS Wal-Mart Stores, Inc. was started by Sam Walton in Newport, Arkansas in 1946 in an effort to “help people save money so they can live better” and was achieved by keeping sales prices lower than his competitors by reducing his profit margin. From this simple concept the company has grown to nearly 3000 stores in 14 countries and is the world’s largest company in terms of revenue bringing in a staggering average of $401 billion annually. In addition to the Wal-Mart supercenters you now have the Wal-Mart neighborhood markets as well as Sam’s clubs that have begun to pop up all over since 1984. The ability to offer value and service to customers has largely determined their competitive position within the retail industry. There are many programs that are in place to meet the high competitive pressures within the retail industry that are the cornerstone of the Wal-Mart philosophy and are as follows: * Every Day Low Prices (“EDLP”) – the pricing philosophy under which items are priced at a low price every day so that the customers trust that the prices will not change frequently within promotional activity. * Roll backs – the commitment to pass continually internal and external cost savings on to the customer by lowering prices on selected goods. * Store Within a Store – a program to provide accountability to assistant managers and department managers as to merchandise planning and overall department performance. * Store of the Community...
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...Employees Wal-Mart Organizational Issues Instructor: Dr. Mitra Asif Student Name: Phunsuk Wangdu Submitted on: July 7, 2015 Wal-Mart Organizational Issues and Situation Analysis Phunsuk Wangdu Index Introduction 3 OB issues and situation analysis 3 Conclusions 7 References 8 Appendices 12 Introduction Wal-Mart stores Inc. is the world’s largest retailer with reported gross earnings of 460 billion U.S. dollars for 2014. It has 4,281 stores in the United States and over 11,100 stores worldwide. Wal-Mart hires more workers than any company in the whole world; in 27 different nations around the world it has hired over 2.2 million workers. The interest on Wal-Mart stems from their ability to provide products to its customers at relatively low prices, earning them a competitive advantage over other retailers, since their products sell five times more than other American stores. However this has involved both positive and negative effects on the long term. These sales at low prices to customers have been achieved as a result of their low cost imports and high integration with foreign suppliers from various countries around the world especially China. Due to the high volume of imports a large number of small businesses have been destroyed together with jobs in the manufacturing industry; the US economy has been affected by an increased trade deficit and the local manufacturing sector has also been affected by this growth. Moreover, Wal-Mart has received...
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...Business Analysis Part I – Wal-Mart Melissa Wojciehowski MGT/521 June 21, 2012 Dr. Felicia Bridgewater Business Analysis Part I – Wal-Mart Wal-Mart is a common staple in American society today, as it was in the past. From the time Wal-Mart opened its doors in Rogers, Ark back in 1962, Wal-Mart has served the public in ways that are unimaginable to other convenience store and retail chains throughout the nation. When first opened, Sam Walton imagined that his store would be a convenience to working families. The company became incorporated as Wal-Mart Stores, Inc., on Oct. 31, 1969. (Walmart.com, 2012) This allowed for growth into various outlets such as automobile care, pharmaceuticals and warehouse sales (Sam’s Clubs). With this growth also came notoriety. The year after becoming incorporated, Wal-Mart, Inc. began trading shares on OTC markets and two years later were listed on the New York Stock Exchange. Little did Mr. Walton know of the iconic changes Wal-Mart would put into place for businesses. In this paper I will examine, from the viewpoint of a mutual fund manager, whether or not Wal-Mart, Inc. is a company worth investing in. In order to do this, I will take a look at a brief SWOT analysis of the company as a whole. I will then examine Wal-Mart’s stakeholders, both internal and external, and whether or not Wal-Mart is living up to their expectations and what if anything needs to be done to make that happen. Strengths: Based on the corporate page of...
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...Current Market Conditions Stella Heering ECO 365 June 25, 2012 Tarron Khemraj Current Market Conditions Introduction In a civilization that has seen such a radical slump in the budget, people are penetrating for the best likely snips they can find. People crossways the United States are observing for habits to save cash; thus, penetrating for supplies that will deliver them with everything they need at an inferior cost. Businesses all over the United States are aggressive to stay modest and are looking for ways to rearrange their business and still deliver for customers the best likely prices. Businesses such as Wal-Mart do not have to alter their construction to fit the stresses of customers because it previously proposals its patrons brand name items at inferior prices. Wal-Mart’s basic construction has aided make it an influential retail trade, and a place customer’s love. Market Structure Wal-Mart Stores Inc. unlocked its first reduction store in 1962, Sam Walton had no impression his commercial would be the achievement that it is nowadays. The aim for Wal-Mart’s achievement is their aptitude to create a rudimentary construction for their business. Wal-Mart offers a diversity of famous brands and vends them at about 5-10% economy than other shops. This makes Wal-Mart an influential power in the selling business. Wal-Mart Stores is careful an oligopoly market construction. Colander (2010) describes oligopoly as a market disorder in which vendors are so few that the...
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...warehouses, where purchased surplus inventory is stored and re-sold at a premium on the website. The Fulfillment Partner Business segment refers a 3rd party liaison between customers in search of low prices and retailers & manufacturers that are looking to liquidate. The company’s strengths includes: strong branding and excellent marketing via TV, radio, and print. The company’s weaknesses includes: 1) Poor global economic conditions have affected consumer demand for the kind of goods that Overstock.com sells. 2) Overstock.com spends large sums of money on search engine promotion since search engines such as Google have become the increasingly popular way of searching for merchandise versus an established platform such as Amazon. WalMart Inc. WalMart Inc. is the world’s largest retailer and grocery...
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...Timeline 2001 - Betty Dukes, a Wal-Mart greeter at a store in Pittsburg, California, and five current or former female employees filed a lawsuit in federal court in San Francisco, accusing the retailer of discriminating against its female employees by paying them less than men and giving them fewer promotions. 2003 - Attorneys for the women filed a motion for class certification and asked the judge to rule the case can go to trial on behalf of all women who worked for Wal-Mart in the United States at any time since December 26, 1998, a group believed to exceed 1.5 million current and former female employees. 2004 - U.S. District Judge Martin Jenkins ruled the lawsuit can proceed as a nationwide class covering the women who worked at 3,400 stores, but did not decide the merits of the lawsuit. 2010 - A U.S. appeals court based in San Francisco, by a 6-5 vote, upheld the judge's conclusion that it would be better to handle the case as a single group rather than requiring individual lawsuits to be litigated. 2010 - Wal-Mart appealed to the Supreme Court. It argued claims involving current and former workers, hourly employees and salaried managers and stores across the country were too different to proceed as one class-action lawsuit. 2010 - The Supreme Court said it would decide whether the class-action certification violated federal rules for such lawsuits, one of the most important employment discrimination class-action cases in decades. 2011 - The Supreme Court heard...
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...Organizational Profile: Wal-Mart Team ABC Ethics 316 June 11, 2012 Week Four Dr. Done It All Organizational Profile: Wal-Mart The following paper will examine the community organization of Wal-Mart. Specifically, insight into the organization’s involvement and responsibility to the community it serves will be shown. Additionally insight into factors influencing Wal-Mart’s social responsibility strategies and identifying the organization’s social initiative will give a better understanding of contributions to the local community. Finally the paper will present the potential ethical and moral effects of the organization’s social initiatives. “Wal-Mart is the largest retailer in the world” (Datamonitor, 2011, p. 5). The position Wal-Mart holds gives the company a large responsibility to contribute to the community that supports the stores. As an organization Wal-Mart owes its success to the stake holders of their business. Wal-Mart requires the community to continue business operations, Trevino and Nelson state that “a major stakeholder in business must be the communities of which corporations and other organizations are a part” (2007, p. 244). Wal-Mart must consider the community happiness with their business decisions to remain profitable. Wal-Mart gives back to the community in several ways including donations to charitable foundations...
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...Nike Dwayne Wood June 7, 2014 Professional Communications Strayer University Dwayne Wood, Professional Consultants Inc. 5454 Executive Way – Virginia Beach, VA 23456 http://www.professonalconsultants.com 07 June 2014 Mr. Mark Parker, CEO Nike Inc. 1 Bowerman Dr. Beaverton, OR 97005 Dear Mr. Parker: This document presented to you is a presentation requested from my President on how Professional Consultants Inc., could help Nike Inc. come up with a strategy of how to create a cheaper brand. We know how important the bottom line is to your company and that is why we already have associates working on impact statements and balance sheets for your company. This report shows that with a small investment and a little research, together we could create a brand that is affordable for low income families. Creating a brand that low income families can afford, would further extend the company while making millions of dollars. Professional Consultants Inc. knows that Nike has a very strong brand we just want to make it stronger, also while helping people that cannot afford the Nike brand, able to afford a much cheaper brand. It is with great pleasure in preparing this report for you, Mr. Parker, and while working on it I have learned many different elements about the shoe business and about Nike Inc. Please call me directly at (757)466-2000 when I can be of further service. Sincerely, Dwayne Wood Associate Consultant Table of Contents Title Page...
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...video rental chains in the United States filed for bankruptcy. Around the same time Hollywood videos filed for bankruptcy. That signaled the end of store-based video rentals. Their failure was a result of not preparing for the change from store video rentals to streaming and online rentals. Both paid the price when their mistakes lead to a failed business. The best time for their business was in the 1980s and 1990s. In that time many people owned a videocassette recorder and renting from a store was the only alternative to a movie theater. Around this time video rental companies did not exist; only from small home owned stores. This allowed for David Cook and his wife Sandy to open their first Blockbuster rental company in Dallas, Texas. Because of his inexperience in the rental business he lost his funds due to an article written by Barron. At this point the company finished with $3.2 million in 1986. After this incident he ended up selling a majority position for $18 million to a group of investors. Wayne Huizenga was a part of the deal. David Cook and Wayne Huizenga did not get along because of their separate views on how to business should go forward. David Cook ended up leaving the business to Wayne Huizenga. Huizenga expanded the Blockbuster business opening 400 franchises. In that same year Mark Wattles opened a video rental store called Hollywood Video in Portland, Oregon. By 1994 Blockbuster owned 3,400...
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...Wal-Mart: Corporate Giant or Corporate Beast? Ever since Wal-Mart’s establishment, there has been an ongoing debate amongst shoppers of whether or not the company is a magnificent creation or a complete monster. On one side, costumers cannot deny that their everyday savings certainly do draw a smile on their faces; while on the other side, costumers feel that there must be some terrible reason for the prices of their products to be so low. This mystery that has stewed up this ongoing debate over the years about Wal-Mart needs to be discovered. In order to discover this mystery, research on the topic has to go all the way back to the beginning stages of the company. From the birth of the company to present day empire it has created, one question must be answered: corporate giant or corporate beast? Wal-Mart has a long history and they have been around much longer than what most people think. The founder of Wal-Mart was Sam Walton. Sam Walton was born into a farmer’s family in Kingfisher, Oklahoma on March 29, 1918. [31] He had one brother whose name was James Walton. Sam’s father was a farmer until he decided that farming was not producing enough revenue and decided to become a mortgage man. Sam grew up in the great depression where he learned many moral values like working hard. He had many odd jobs so he could help his family out with money. The family then moved to Florida, while there Sam became the youngest Eagle Scout in the state’s history. After graduating...
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