Wal Mart Management Planning And Ethics Essay

1537 words - 6 pages

Wal-Mart PAGE 1
Wal-Mart Management Planning and EthicsManagement: Theory, Practice, and Application MGT/330October 6, 2008IntroductionSam Walton founded Wal-Mart and started operations in 1962. It was in the 1980s when this company finally showed that it could succeed. In 1983, the company opened the first Sam's club, and in 1988, the company opened the first Supercenter (Frank, 2006). The company has had opposition, and some bad press, causing the company to struggle to keep a positive image in the eyes of the public. To create a positive image the company has used three principles which are respecting individuals, customer service, and to strive for excellence. These principles beliefs helped Wal-Mart build and promote a foundation of illusion of ethical conduct and integrity (Goldberg, 2007). However, this major retail corporation has another side. Through the examination of Wal-Mart's handling of legal issues, ethics, and corporate social responsibility, one can see what this company has done to succeed in the business world.Legal Issues Generally, decision-making is a necessary reaction resulting from a problem. For instance, Barbaro and Dash (2007) stated that "Wal-Mart wanted to get approval from the government to establish a bank; however, they failed to get approval for the bank. Opposition to its plans swelled with dozens of banking and corporate watchdog groups testifying at hearings in Washington D.C." Because of this failure, top management faced a decision of whether to give up their vision for a bank, or find a way to establish banking services without needing government approval. The huge discount retailer found a way to build one without government approval. The company plans to provide money centers that offer check cashing, money orders, and bill paying services in at least 1,000 stores within a year (Barbaro & Dash, 2007). Barbaro and Dash (2007) stated, "Wal-Mart also plans to introduce a prepaid debit card, intended for low-income consumers." Barbaro and Dash (2007) stated, "The decision makers within Wal-Mart clearly had a perception that they could make an end run around the federal government. Products like the debit cards will be offered through third-party partners, who will allow Wal-Mart to sell banking services without a government license." This decision by Wal-Mart executives clearly reflected a rational decision-making process. The executives made a consistent, value-maximizing choice within specific constraints.EthicsWal-Mart would be an exceptional company to work for in an executive role. Unfortunately, I cannot repeat that statement if I were to work as a cashier, associate, or customer service representative. Goldberg (2007) stated, "Today, Wal-Mart is the second-largest company in the world in terms of revenue-second only to Exxon Mobil." Gross revenues amounted to more than 350 billion dollars last year. Wal-Mart has a reputation for caring a great deal about their dedicated staff (Goldberg, 2007)....

Find Another Essay On Wal-Mart Management Planning and Ethics

Management Planning and Ethics Essay

857 words - 3 pages Management Planning and EthicsThe markets change, costs rise and fall, stocks adjust and this all happens within one day of business. With these variables, companies must make changes to remain successful. Planning, including identifying goals, objectives, methods, resources needed to carry out methods, responsibilities and dates for completion of tasks. The gathering of information and intelligence requires senior management to delegate

Management Planning and Ethics Paper

1014 words - 4 pages In this paper, one will evaluate on company ABC's management planning and how one thinks how planning should be done within the organization. Legal issues, ethics and corporate social responsibility all impact management's planning within the organization. The markets change, costs rise and fall, stocks adjust and this all happens in a day of business. That is the reason why companies must make changes to remain successful in today's society.The

Management Planning and Ethics Paper

1526 words - 6 pages AbstractThis report will focus on the planning function of management in a pharmaceutical company. Within the report legal issues, ethics and corporate social responsibility are shown to impact on the decisions that are made within the industry.Management Planning and Ethics PaperOne of the most important actions management does in an organization is planning. These plans serve as guidelines for the future. Plans need to be strongly associated

Management Planning and Ethics Paper

1055 words - 4 pages The population of incarcerated offenders continues to increase, which makes the planning function of management vital. In Washington State, over 303,000 crimes are reported in communities and over 6,800 offenders are admitted to the state prisons. With the rise of such offenders being incarcerated, management needed to create a plan developed to prioritize supervision. (Department of Corrections online, criminal justice, 2004) Currently, there

Wal-Mart Supply Chain Management

2110 words - 8 pages . The connection that Wal-Mart has established with their suppliers helps them to get the products that their customers want efficiently. Wal-Mart changed their inventory management by developing standards and empowering their suppliers. To answer the question we posed earlier, how can Wal-Mart effectively keep all of its stores supplied when their stores are spread all over the country? Wal-Mart operates its own private fleet which is the

Operations Management Within Wal-Mart

1789 words - 7 pages guide and inspire the company'soperation, behavior, ethics and practices. All levels of Wal-Mart employees alsoadhere to a corporate directive of the 'Sundown Rule' and the 'Ten Foot Rule'.This requires that an employee must reasonably answer a customer's orsupplier's request or question within 24 hours whereas the latter rule states thatstore employees must greet, smile and attend to a customer in a store whenwithin ten feet of them.Wal-Mart's

Wal-mart Pay and Benefits

1818 words - 7 pages profit overall. Wal-mart feels like it has done nothing wrong by paying their workers lower wages and treating their workers unfairly by not offering them the same benefits as other companies are doing.Wal-Mart is a non-union organization that feels it does not need third party intervention. So, instead of unions, Wal-Mart has an open door policy that encourages employees to take their complaints beyond management. The open door policy does little to

Management Planning and Ethics for Respiratory Care.

1182 words - 5 pages As with any business, proper staff management is crucial for success. To ensure employee retention, a business owner needs to define staff roles clearly and offer job satisfaction and security. Be sure to organize three areas to help ensure prosperity: human resource management, accounts receivable management and qualified retirement planning. The goal of human resource management is to help staff function at its highest level of efficiency and

A strategic management paper on Wal-mart

3324 words - 13 pages strategic management decisions, but also for its innovative implementation of those strategic decisions.Regarded by many as the entrepreneur of the century, Walton had a reputation for caring about his customers, his employees (or 'associates' as he referred to them), and the community. In order to maintain its market position in the discount retail business, Wal-Mart executives continue to adhere to the management guidelines Sam developed. Walton was a

Karl Marx and Wal Mart

2570 words - 10 pages Karl Marx and Wal Mart When we think of the well-known private employer “Wal-Mart” what exactly comes to our minds? We may think of Wal-Mart as being a convenient, useful, low price department store that contains our everyday goods and necessities. On the outside perspective, we are generally appreciative of the fact that Wal-Mart exists and is able provide for our needs. But do we ever think of what happens inside the company? While customers

History of Beyond Petroleum and Wal-Mart

1183 words - 5 pages high rate than localizing its stores. Wal-Mart should set up different management teams for global and local expansions, to achieve a balance in globalization and localization. These management teams will work under one main management team that will oversee the operations of the two teams. This will ensure efficiency of co-coordinating expansion strategies. Therefore, local and global business expansion strategies will have adequate attention

Similar Essays

Wal Mart Business Ethics Essay

659 words - 3 pages -Mart engenders the bliss for the amount of people who invest in the company. Ethics is about the consequences of an action and the consequence of Wal-Mart’s actions engenders the greatest amount of good for the people who are the primary stockholders of the corporation. Another angle of Wal-Mart’s is its “high costs and low prices problem”. It seems that Wal-Mart doesn’t even pay their own employees enough to even shop in Wal-Mart. Wal-Mart

Evaluating Performance Through Motivation, Ethics, And Conflict Management: Wal Mart Management

2552 words - 10 pages IntroductionWal-Mart management operates through a number of functions classified in general as the planning, organizational, leading, motivation and control mechanism factors.The evaluation of employees performances based on motivation, ethics and conflict at Wal-Mart is assessed on very scientific and professional basis, which is one of the main reasons for Wal-Mart to have grown into one of the most famous, well-managed and largest companies

The Ethics Of Shopping At Wal Mart

1009 words - 4 pages One has to work hard to consider their values in particular issues and how strongly they feel. This is the choice many people make when they invest in mutual funds, and have no idea where their mutual funds are invested. Many vocal opponents to shopping at Wal-Mart might discover they hold investments in the Wal-Mart. There are 1050 mutual funds that are invested in Wal-Mart, some of the largest mutual funds in the world. There are many people

Wal Mart And Human Resource Management Essay

687 words - 3 pages and the Low Price Promise is an advertising strategy that is known in any language. Sales have topped over $62.7 billion and continue to show a marked increase in profits every year. (International Overview 1-3) Because of this growth in the U.S. and internationally and the number of employees that make up Wal-Mart, it is critical that the company have a highly functional and well executed human resource management strategy. With the number of