Walmart: Let me take up Walmart for this assignment. a) Walmart is an American m
ID: 1196296 • Letter: W
Question
Walmart:
Let me take up Walmart for this assignment.
a) Walmart is an American multi-national company that operates a chain of hypermarkets, discount departmental stores and grocery stores. It was founded in 1962 and at present has a total of 11,526 stores in 28 countries. Walmart is the largest company in terms of revenue and also the biggest private employer in the world with 2.2 million employees.
b)
c) SWOT:
Strengths;
Its network of 4000 stores in the US. It can speed up delivery.
It can compete on price
Weaknesses
Shoppers find the selection of fresh foods uninspiring
High exposure to low income shoppers.
Opportunities
They are largely into organic foods
Threats
Highly focused on foods and expanding its own chain of small-sized stores.
d) Walmart has to sharpen its customer service as they are found it wanting. It has find ways to bring customers into its stores and also the out-of-stocks situation should be tackled and rid of at all points of time.
Explanation / Answer
With over 2.3 million employees it has worldwide, Walmart had faced a number of lawsuits and issues with regards to its employees. These issues involved low wages, poor working conditions in stores, inadequate health care, as well as issues like company's strong anti-union policies. In November 2013, the National Labor Relations Board (NLRB) announced that it had found in 13 U.S. states Wal-Mart had pressurized its employees not to engage in any strikes on Black Friday, and had also illegally disciplined workers who engaged in strikes. Critics show the Walmart's high turnover rate as an evidence of unhappy workforce, although other factors may be a reason. Approximately, 70% of its workforce leave within the first year of joining. Despite this high turnover rate, the company is still able to affect the US unemployment rates. It was proved in a study by Oklahoma State University which states that, "Walmart is found to have substantially lowered the relative unemployment rates of blacks in those counties where it is present, but to have had only a limited impact on relative incomes after the influences of other socio-economic variables were taken into account."
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