This website uses cookies to ensure you have the best experience. Learn more

Indentured Servitude: Wal Mart's Relationship With China

1519 words - 6 pages

The four main economic activities are: Industry, agriculture, science, and defense. Industry is the manufacturing of goods, such as in a factory. Agriculture is the growing of food, such as rice farms. Science is making technological advancements, such as discovering new vaccines. Defense (in this sense) is the military, pouring money and manpower into strengthening the military instead of using that capital for other things. China's economy is based on manufacturing, because China has such a large poor population and a structured economy.
Geographical division of labor is the concept that labor can be divided according to geographical concepts. For example: land locked countries generally don't export goods overseas as well as countries with a large coastline; countries without large bodies of water can't export fish; countries that have small populations and large oil deposits are likely to make oil their main export; countries with large coastlines, low value on human rights, an overcrowded population, and a poor population are likely to engage in low cost mass manufacturing.
Newly industrialized countries are countries that have left third world country classification but have yet to reach first world country status. China is an example of a newly industrialized country, it's still heavily dependent on manufacturing (which makes it dependent on other countries), it has poor human rights records, and is overcrowded and poor, but it has been seeing growth towards the goal of becoming a first world country. China's industry is significantly based on: counterfeit goods, automobiles, and other manufacturing.
The article alleges that the 5 principles Wal-Mart was founded on are: conservatism, idealized views of family and community, and the principles of hard work, frugality, and competitiveness. NIMBY stands for “not in my backyard”. The idea is that while a neighborhood may not be able to stop all things they dislike, they can at least keep the bad things out of their neighborhood. NIMBY in this case refers to the fact that many people dislike Wal-Mart (or what it stands for) and are able to keep them away. Some people take a moral principled stand against what they perceive as unethical business practices, some people have a more pragmatic stance against the negative impact a Wal-Mart has on an economy (both a demoralizing effect on small business, as well as business practices that make the government subsidize wages, healthcare, etc), and some people would rather not have a mega-store catering to low-earners in their neighborhood.
A “big box” store is different from other retail stores in several ways. Retail stores typically carry only one type of good, a big box store generally carries everything from furniture to groceries to electronics to clothing. A big box store is typically a very large chain of stores; retail stores can be as small as a single store. A big box store is rarely unionized, for the simple reason that employees...

Find Another Essay On Indentured Servitude: Wal-Mart's Relationship With China

Wal-Mart Overview Essay

1459 words - 6 pages possibility of opening a new store, new challenges are to overcome. First, Wal-Mart must adapt to different cultures and learn to communicate effectively, with different people, at different levels. In an effort to overcome any language or cultural barrier Wal-Mart's priority is to develop a relationship with the local community. This allows Wal-Mart to learn the needs and wants of that community. Once Wal-Mart has established a relationship with

FUCKIN BITCHES-GETTIN MONEY Essay

886 words - 4 pages indentured servitude often lies in a moral gray area. According to document 7, indentured servants were contractually obligated in British Guiana to work for five years with the cultivation of manufacture of anything on their master’s plantation, and in exchange, servants would receive Sundays and authorized holidays off, one shilling for each days work (for able bodied adult men), rations, medicine, and a home for the emigrant and his family, and if he

Strategic Supply Chain Model Paper

1372 words - 5 pages how those products are delivered from one place to the next. Each element of the supply chain is important for an organized and fruitful system that allows Wal-mart to maintain high quality standards and excellent service for the customer, and a good working relationship with vendors both internationally and nationally.ReferencesPlambeck, E. (2007, July 7). The Greening of Wal-Mart's Supply Chain. Retrieved from http://www.scmr.com/article/329829

Wal-Mart in Halifax, Canada

1131 words - 5 pages important for Wal-Mart's customer-salesperson relationship. Furthermore, it might be that the friendliness in the store maximizes the level of sales and transactions the store has with its customers.As we went trough the entrance of Wal-Mart, on one of the tables I came across there were advertising brochures of Wal-Mart's department such as pharmacy, stereo systems, apparels, Wal-Mart vision and a customer service brochure indicating the messages

Wal-Mart: Good or Bad?

1363 words - 5 pages declining (Vedder). In addition, Vedder and Cox performed a study involving sixteen different statistical tests measuring the relationship between job growth and the presence of Wal-Mart. The study concluded with only five tests showing a negative relationship and eleven with a positive relationship. If true, than how can Wal-Mart be responsible for the loss of jobs?Furthermore, critics would have the public believe that the greater number of Wal

A Target on Wal-Mart

1372 words - 5 pages Wal-Mart is the largest company in the world; Wal-Mart employs 2.1 million workers worldwide with revenue of more than $405 Million for the year 2009. Its operations are based primary in the United States, but have begun to expand to other countries. According to Wal-Mart Annual report Wal-Mart has over 8,400 retail units under 55 different banners in 15 countries. This research will analyze the current market conditions of Wal-Mart

Walmart

739 words - 3 pages Mission:To provide everyday low-prices on their products as well as a customer friendly store environment with a strong emphasis on customer satisfaction.Objectives:To grow at double digit rates for the foreseeable future and propel Wal-Mart's revenues past $500billion by 2010.Current StrategyPorter's Generic Competitive StrategiesCompetitive Advantage*Wal-Mart was widely seen by consumers by being the lowest priced general merchandise retailer

Walmart De Mexico

1457 words - 6 pages Wal-Mart de Mexico Comercial Mexicana S.A. (Comerci), one of Mexico's largest retail chains, was faced with a serious dilemma. Since Wal-Mart's aggressive entry into the Mexican retail market, Comerci has found it increasingly difficult to remain competitive. Wal-Mart's strong operating presence and low prices since NAFTA's lifting of tariffs have put pressure on Comerci, and now management must decide if it can improve Comerci's competitive

Wal-Mart - A Case Study in Managing Technical Transitions

4916 words - 20 pages experiment with it's Internet presence and corporate strategy. In this paper, we discuss Wal-Mart and its technical transition to the Internet. First, we examine the company from a value chain and core competency perspective, to gain insight on what value the company brings to the table, both in its traditional and Internet operations. We give a synopsis of Wal-Mart's recent and current online philosophies, and then turn to Wal-Mart's strategy as it

Walmart Case analysis

2200 words - 9 pages -Mart needs to be in control of all aspect of the operations for their system to work efficiently. Having a close relationship with their suppliers has always been one of Wal-Mart's success factors. That is why it is so crucial for them to take control and have their suppliers on the same field.Wal-Mart is well known for their size and vast amount of different products and services they offer. So size is an important factor for them. This makes

WalMart's Entry into foreign Markets

3993 words - 16 pages ). This discussion will look at the international management process undertaken by Wal-Mart in Japan. There are five components of this discussion starting with the reasons for Wal-Mart's international expansion. The next section deals with Wal-Mart's entry strategy into Japan. The third section explains Wal-Mart's experience with Japan's distribution system while the fourth section attempts to single out what is the most important thing for Wal

Similar Essays

Wal Mart's Expansion Into China Essay

650 words - 3 pages Wal-Mart one of the biggest retailer in the world, is expanding their business in China to raise profit in the slow retail sector. Wal-Mart has opened thousands of stores in the United States and has expanded internationally. With the expansion Wal-Mart is creating opportunities for the valued customers around the world. “Today, Wal-Mart operates in more than 100,000 retail unties under 71 banners in 27 countries. (Inc., 2014)”. Wal-Mart will be

Case Study On Wal Mart's Poor Operating Performance In Germany With Respect To International Management

3555 words - 14 pages to be (Deresky, 2006).In addition, Wal-Mart was not most successful in establishing a long-term relationship with the German consumers. To begin with, when Wal-Mart entered Germany, they were already up against a number of German discount retailers (Slater, 2003), who had established a strong relationship with their customers (Deresky, 2006). Therefore, to the price-sensitive consumer market, Wal-Mart's prices and private labels could do little

The Problems With Wal Mart's Low Wages

1697 words - 7 pages their business practices. Wal-Mart is trying to practice Corporate Citizenships but individuals feel that they may not be enough. #2 Wal-Mart employees feel that Wal-Mart may be setting an ad-hoc standard for retail jobs of the type they offer due to the fact that Wal-Mart is the largest private employer in the United States. The current problems that stakeholders have with Wal-Mart are that the employees of Wal-Mart are living in poverty

Strategic Quality Management And Customer Satisfaction

1661 words - 7 pages low prices but the customer also complain about the poor quality of some products. Wal-Mart is also having a hard time with countries like China and their policies are very old. They need to update them.3. Opportunities Wal-Mart has is during this recession Wal-Mart can reduce the cost of their supply and market these strengths to increase customer and revenues. Wal-Mart can also make their relationship better with the suppliers by giving them