The Environmental Forces Of Walmart - 1199 Words

There are many environmental forces that can affect an organizations. One particular organization that has been affected by these environmental forces is Walmart. Some organizations such as Walmart believe in saving people money so they can live better. Walmart first store open in 1962 in Arkansas and now fifty three years later operates all over the world, deals with over 245 million customers, has 11,000 stores in 28 countries, and employee’s 2.2 million employees worldwide. Walmart believes in being innovative and demonstrate leadership through the service they offer customers and communities. Walmart is best known for their low prices and is considered by most the one stop shopping experience. In the following paragraphs we will look†¦show more content†¦With that said, Walmart realizes that taking factors into consideration such as age, gender and income to name a few can have an impact on the organization. If a society is mostly comprised of elderly individuals with limited income the demand for products decreases, therefore, sales decreases. In contrast, if a society comprised of individuals with higher incomes are more likely to have greater purchasing power. With the first Walmart to open its doors in 1962 in Arkansas, that was just the beginning of building an empire. The placement of Walmart stores plays an important role in the success of the business. Walmart seeks to place its stores in location that they feel would be profitable. Some factors that are taken into account are the size and density of the population, as well as, the income and age of the society (Basker, 2007). These factors can determine whether or not the individual store itself will be successful. Creative business strategies has allowed Walmart to build in locations around the world, thus providing the opportunity to operate in twenty seven countries, employ 2.2 million associates, and serve over 200 hundred million customers a week. The main forces that affec t Walmart in the political and legal realm is accusations and lawsuits. Walmart has had both accusations and lawsuits filed against them for for eviormental violations, child labor laws, employing immigrants as well as poor workingShow MoreRelatedCSR Issues in Walmart1194 Words   |  5 PagesCSR ISSUES IN WALMART Ethical sourcing Walmart claims that its mission is centered on helping people live better which not only applies to customers and associates, but also to the workers who make their products. Furthermore, all the products that Walmart offers to its customers are supposedly verified whether they are produced with dignity and respect for workers. In order to be accepted as Walmart’s supplier there are standards and obligations expected from suppliers. Following sectionRead MoreWalmart Is The Worlds Largest Corporation1232 Words   |  5 PagesBackground Walmart is the world’s largest corporation. Though it started out as a single store in a small Middle America town, Walmart is now the largest private employer in the United States. To minimize operating costs and maintain low prices, Walmart pays relatively low wages, provides minimal employee benefits, and contracts with international manufacturing firms in the form of sweatshops. Further, Walmart’s aggressive marketing, its purchasing power and intent to provide very inexpensiveRead MoreEnvironmental Scan Paper1497 Words   |  6 PagesEnvironmental Scan Paper MGT/498 December 10, 2014 Dr. Pamela Linden Environmental Scan Paper Environmental scanning plays a critical role in the strategic management planning process. The environmental scan provides important information, which may be useful in forecasting changes for the future. Environmental scanning is, â€Å"the monitoring, evaluation, and dissemination of information from the external and internal environments to key people within the organization.† (Wheelen and HungerRead MoreDescription Of A Strategic Management Plan1249 Words   |  5 Pages Signature Assignment: Environmental Scanning Ayisa Vargas MGT/495 March 6, 2017 Professor Lillie Hibbler-Britt A strategic management plan is an important factor that acts as a guideline to operational goal and objectives. The process involves scanning the environment, formulating the strategy taking into account the dynamics of the business climate, implement the techniques and finally controlling the strategies to ensure the organization achieves the desired goals and objectivesRead MoreAn Understanding Of Corporate Social Responsibility1343 Words   |  6 Pagescorporation (MNC) like Walmart. This report is based on the case study ‘Walmart: Love, Earth ®Ã¢â‚¬â„¢ which identifies key points which are the criticism faced by the multinational corporation (MNC), business practices that are/were unethical and which ethical theories did/ do they violate and why do MNCs like Walmart address their social and environmental impacts. The case study is very important as it outlines the way the MNC works and the different types of violations breached by Walmart like poor treatmentRead MoreEssa y about Sustainability: Walmart vs. Starbucks734 Words   |  3 PagesBusiness Models: Walmart vs. Starbucks Introduction Sustainability has become a great topic of interest in many arenas. Particularly, leading organizations are recognizing sustainability needs to be an essential aspect of their long term strategies. With this recognition, better business practices are being sought by investors as well as sustainability is becoming a driving force for better efficiencies and innovation. Two organizations, Wal-Mart andRead MoreWalmarts Sustainable Business Development1666 Words   |  7 PagesWalmart’s Sustainable Business Development The purpose of this paper is to introduce you to the role of sustainable business philosophies and practices of Walmart as well as looking at Walmart’s strategic management perspectives and what type of impact and influences they have on the external forces in the industry. While also focusing on Walmart’s concept of value creation applied to SBD (sustainable business development) and their strategies. Defining Sustainable business philosophies are a systemRead MoreMr. Sam Walton s Success903 Words   |  4 Pagesto bring better opportunity and value to his customers so he opened Walmart in 1962 in Rogers, Arkansas. Walton’s competitors thought he was crazy for trying to build a business that would give customers lower prices and offer great service. They thought his idea would never work (Our History, 2015). In 1969 with 24 stores booming and over $12.7 million in sales, the company incorporated as Walmart Stores, Inc. In 1970, Walmart went public and became publicly traded (listing and selling the companyRead MoreThe Irreversible Rate Of Biodiversity Loss Facing Societies And Companies Is A Key Environmental Challenge Essay1383 Words   |  6 PagesThe irreversible rate of biodiversity loss facing societies and companies is a key environmental challenge. Conservation of bio-diversity is crucial to ensure the continuous supply of ecosystem services such as seed dispersal, nutrient s product, waste decomposition and water and nutrients production, which support life and human activities. Other sectors such as farming, forestry, fisheries and tourism may be affected by habitat loss and local ecosystems (Pickering and Hill, 2007). Biodiversity conservationRead MoreThe Problem Of Waste Management869 Words   |  4 Pagesthe manager should have realized the impact of landfill practices to the environmental advocacy groups. They also need to research the changing behaviors of consumers by understanding the internal and external environments surrounding the dissolution of waste. The external environment of Waste Management includes all the forces involving the changing consumer situation. The task environment is the focus of all the external forces. The main direct effect of this corporation is the consumers (corporations)