Wal Mart Case Study The Challenge of Managing...

â€Å"The Challenge of Managing Relationships with Stakeholders† A Case Study on Business Ethics and Stakeholder Relationships A Report by Abdul Rahman Nawawi Holger Behrens Jurattana Jamkrajang Paphat Kriangthanapha Phikulthong Pangjunan Suttasinee Suebsahakarn Younten Phuntso 53060790 52027564 50019826 52032481 54055255 52047480 53060909 Submitted to Ajarn Nakul Boonrod 29 May 2012 In partial fulfillment for the course: IBC 360: Business Ethics Semester 2/2011 1 Table of Contents Table of Contents Introduction Wal-Mart’s Ranking Response to Various Stakeholders Wal-Mart’s Recent Number of Ethical Issues in the News Improved Ethical Culture Positive Response to Stakeholders What are the relevant Facts? What are†¦show more content†¦The company beliefs is that consumer is the king, the consumer always comes as a first priority. Other stakeholders such as; communities, supplier and employee has been viewed as secondary to low prices for consumer. Wal mart’s ranked based on its stakeholders priority: 1. 2. 3. 4. Consumer Society/Community Supplier Employee Response to stakeholders Customers: Everyday low price (EDLP). Wal Mart philoshophy is to give the lowest price for its customer. Society: Violation of EPA’s Storm water regulations. Supplier: ï‚ · ï‚ · ï‚ · ï‚ · Lowering of prices by at least 5% from one year to next year. Implementation of RFID technology. Dependence for sales due to size and volume of production Movement of production centers to cheaper locations Employee: ï‚ · ï‚ · ï‚ · ï‚ · . Discrimination with disabilities worker Female employee are not treated equally with male counterparts Sweatshop workers with very low wages Low benefits assistance (health program, insurance, housing, child education, additional taxes) 4 Why do you think Wal Mart had a recent number of ethical issues that have been in the news almost constantly? The root of the ethical issues is because of the company is culture is to low the prices by lower the cost whatever the way is. That’s why the ï‚ · Discrimination A stakeholder is a person or a group that has an investment, share or interest in a business or an industry, it can also be classified as anyone that has an influence on the business. There are two types ofShow MoreRelatedWal Mart : The Challenge Of Managing Relationships With Stakeholders1598 Words   |  7 PagesWal-Mart: The Challenge of Managing Relationships with Stakeholders The key facts and critical issues presented in Wal-Mart: The challenge of managing relationship with the interested parties involves making ethical decisions and fulfilling these needs for the stakeholders involved consist of the following elements: ïÆ'Ëœ Admitting to mismanage stakeholder’s relationship within the company as a problem: This type of management involves taking care of the treatment of employees, suppliers, the environmentRead MoreThe Introduction of Private Label Products at Walmart5235 Words   |  21 PagesStrategic project The introduction of private label products at Wal-Mart Abstract In an effort to respond to growing customer needs and enhance their own profitability levels, Wal-Mart decided to develop and sell their own private label products. The strategy behind this change decision was complex and involved a series of factors, such as the rationale for the change, the resources engaged, the strategic steps or the costs and outcomes of the project. These are all assessed throughoutRead MoreWal-Mart Value Creation4782 Words   |  20 PagesWal-Mart’s Strategic Value Creation Darien O’Neal Brandman University Business amp; Professional Studies Business Process Analysis and Innovation BUSU 630 Professor Helen Eckmann April 27th 2013 Statement of the Case Facts The key facts in this case analysis are analyzing Wal-Mart’s weaknesses according to Shahzad Trading amp; Consulting FZE SWOT amp; TOWS statements conducted on Wal-Mart and arguing against their theory of Wal-Mart’s Business Strategy. In stating the problem or opportunityRead MoreImplementation And Evaluation Of Supply Chain Management2237 Words   |  9 PagesIMPLEMENTATION AND EVALUATION OF SUPPLY CHAIN MANAGEMENT WITHIN WAL MART CONTENTS INTRODUCTION 1- SUPPLY CHAIN MANAGEMENT – DEFINITION 2- REQUIRED PLANNING FOR THE SUCCESSFUL IMPLANTATION OF SUPPLY CHAIN MANAGEMENT 3- IMPLEMENTATION AND EVALUATION OF SUPPLY CHAIN MANAGEMENT WITHIN WAL MART 3-1 Procurement and Distribution 3-2 Logistics Management 3-3 Inventory Management 3-4 The Reaped Benefits CONCLUSION REFERENCES INTRODUCTION Wal Mart is considered one of the largest private sectors inRead MoreCompetition and Business Unit Strategy: Walmart and Tesco2824 Words   |  11 Pagesï » ¿Comprehensive Overview Area Competition and Business Unit Strategy: Wal-Mart and Tesco Competitive Strategy Wal-Mart, the worlds largest retailer incorporates two different strategies to ensure business success as well as higher profit margins. The firm uses both differentiation and cost leadership strategies. Wal-Marts slogan of Spend less, Live better is appropriate for the market given the large number of retailers and the availability of substitute goods. In line with this, the firmRead MoreStrategic Implementation of Wal Mart11391 Words   |  46 PagesOrganization Studies. In the field of business administration it is useful to talk about strategic consistency between the organization and its environment or strategic consistency. According to Adieu (2007), there is strategic consistency when the actions of an organization are consistent with the expectations of management, and these in turn are with the market and the context. Strategic management includes the management team and possibly the Board of Directors and other stakeholders. StrategicRead MoreGlobal Marketing vs Domestic Marketing3690 Words   |  15 Pagesfind out what are the challenges that domestic retailers face in the global market. Wal-Mart Stores, Inc. one of the leading retailers in the world also ranks as the biggest corporation in the world. Domestically, Wal-Mart owns more than 1.2 million employees, making it the country’s largest nongovernmental company. With unique marketing strategies and good management techniques, Wal-Mart was able to function effectively not only in US but also in the international market .Wal-Mart Stores, Inc. was initiallyRead MoreGlobalization And Its Effect On Employment Relations1694 Words   |  7 Pageshow companies conduct their business, create value, and generate revenue (Boselie 2010; Breiby Wanberg 2011). With the rise of neoliberalism and globalization, companies such as Enron, Wal-Mart, Lemon Brothers, etc., tells us horror stories of unethical business conducts that ultimately affects all stakeholders involved, including national economies (Lissack Richardson 2003). Thus, due to globalization and its affects on employment relations it has created a number of adverse impacts in areasRead MoreInformation Systems Supply Chain Management6162 Words   |  25 Pagesof RFIDs in individual products: 13 Use of Information Systems enabled Supply Chain Management: Crisis Response: 14 Implementation: 15 Automated Supply Chain Management Systems: 15 Figure: Automated Vendor Managed Inventory Diagram 15 Challenges of Information Systems in Supply Chain Management: 16 Financial Value Analysis: 16 Pricing optimizations: 16 ROI analysis: 17 Section 3.0: Advantages and Disadvantages of Information System in Supply Chain Management: 17 Advantages ofRead MoreEssay about Wal-Mart Seafood Supply Chain Case Study3649 Words   |  15 PagesTutor______________________ | Date _______________ | How should Wal-Mart rationalize its seafood supply chain to reduce costs and promote sustainability? In†depth analysis on the case ‘Wal-Mart’s sustainability strategy (C): Inventory management in the seafood supply chain’. And to analyze ‘How should Walmart rationalize its seafood supply chain to reduce costs and promote sustainability?’ 1. Introduction According to (Anon, 2012) Wal-Mart Stores Inc. is an U.S based multinational retailer that