Paul DiMascio
Business and Society
11/29/11
HW 9: Is Wal-Mart Good for America?
The thing that most surprised me about the film was the amount of outsourcing that Wal-Mart uses. When walking through a store you don’t think about all of the effort and money that goes into getting those products on the shelves for your needs. The strategies that Wal-Mart is using are absolutely fair. They are a company that wants to make money like anyone other. They use a smart business structure that equates to the ridiculous amount of quarterly earners that the company has exhibited.
New jobs that can be created by outsourcing are office jobs. The jobs that a company like Wal-Mart destroys are small town business owners who cannot compete with the low prices that Wal-Mart offers. The company itself gains most from the price policies. Wal-Mart buys cheap and sells cheaper than competitors. Also the way the company uses the barcode to track sales and products truly helps when deciding what to buy and how much of it.
I don’t think the video will affect where I shop because the state of the Wal-Mart stores by me is less than impressing. They may sell products at low prices but the physical condition of the stores and cleanliness need to be taken care of more properly.
The people that have benefited from Wal-Mart are small families who have low income. The store gives them the opportunity to by products cheaper than other retailers around. The people that have not benefited from Wal-Mart are the small business owners in the area who were forced out of business when a new Wal-Mart store was opened.
Wal-Mart’s balancing tactics are relatively sound. The one thing that they need to do is keep everyone happy. This is pretty much what the company is doing. Keeping prices low to please customers, keeping the profit margin high by buying goods at low prices, and with good profits come happy stakeholders who would be profiting as well.
Business and Society
11/29/11
HW 9: Is Wal-Mart Good for America?
The thing that most surprised me about the film was the amount of outsourcing that Wal-Mart uses. When walking through a store you don’t think about all of the effort and money that goes into getting those products on the shelves for your needs. The strategies that Wal-Mart is using are absolutely fair. They are a company that wants to make money like anyone other. They use a smart business structure that equates to the ridiculous amount of quarterly earners that the company has exhibited.
New jobs that can be created by outsourcing are office jobs. The jobs that a company like Wal-Mart destroys are small town business owners who cannot compete with the low prices that Wal-Mart offers. The company itself gains most from the price policies. Wal-Mart buys cheap and sells cheaper than competitors. Also the way the company uses the barcode to track sales and products truly helps when deciding what to buy and how much of it.
I don’t think the video will affect where I shop because the state of the Wal-Mart stores by me is less than impressing. They may sell products at low prices but the physical condition of the stores and cleanliness need to be taken care of more properly.
The people that have benefited from Wal-Mart are small families who have low income. The store gives them the opportunity to by products cheaper than other retailers around. The people that have not benefited from Wal-Mart are the small business owners in the area who were forced out of business when a new Wal-Mart store was opened.
Wal-Mart’s balancing tactics are relatively sound. The one thing that they need to do is keep everyone happy. This is pretty much what the company is doing. Keeping prices low to please customers, keeping the profit margin high by buying goods at low prices, and with good profits come happy stakeholders who would be profiting as well.
1 comment:
I agree that they are not impressing because anyone can do what they do it's just a matter of how someone does it. Walmart isn't smart they are just for some reason the only people to be making it better than most companies.
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