Wal-Mart is a company
that believes in diversification in business, workforce and in the
community.  Wal-Mart has branched out
over the years going from an everyday general store to having a stronghold on
other markets such as retail and groceries putting Target and Kroger at risk (Flannary,
2006).  By diversifying, Wal-Mart has
been able to expand their horizons in different industries, both locally and
globally.  This is a huge advantage for
them and this has created more opportunities over the long run.  Wal-Mart also has one of the most diversified
workforces.  They make it their mission
to create opportunities for all people, no matter race, gender, disability,
etc. (McMillon, 2016).  Over 40% of
Wal-Mart’s associates, over 30% of Wal-Mart’s managers and over 20% of
Wal-Mart’s officers are people of color. 
When it comes to gender, over 50% of Wal-Mart’s associates, over 40% of
Wal-Mart’s managers and over 30% of Wal-Mart’s officers are woman (McMillon,
2016).  Wal-Mart has also made it their
mission to employ veterans, people of the LBGT community, etc.  This also give Wal-Mart an advantage because
it makes them a more welcoming presence in the retail and grocery
industry. 

     Wal-Mart continues to grow in all
aspects.  I would recommend that they
continue to diversify all throughout markets, employees and the community.  They have huge advantage over their current
competitors, but if they continue to explore new markets, there is no
indication that they would fail.  They
have excelled in every market that they have entered.  They need to keep pushing the bar as high as
they can.  I would also recommend that
they try to enter markets that may be a little weak in that there are not many
high-profile competitors.  This would
make it easier to penetrate and take over a market for such a huge entity such
as Wal-Mart.

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     Wal-Mart’s ethics statement reads as
follows:

“Global Ethics is
responsible for promoting Walmart’s culture of integrity. This includes
developing and upholding our policies for ethical behavior for all of our
stakeholders everywhere we operate (corporate.walmart.com).”

This statement is based
off three general guidelines:

·        
Serves as a guide and resource for ethical
decision making

·        
Provides a confidential and anonymous
reporting system

·        
Leads a continuing ethics education and
communication system

(corporate.walmart.com)

Although Wal-Mart
preaches about ethics, the have been scrutinized by many.  They have been viewed as a company that don’t
practice ethical behavior.  They are
known for going back and forth with their suppliers, treating their employees
poorly and not living up to the standards that they have set for themselves
(Crofoot, 2012). 

     Wal-Mart’s Social/Global responsibility
approach is:

“Working with others, we
aspire to reshape whole systems to achieve significant and lasting improvement
in social, environmental and economic outcomes. For example, enhancing
environmental sustainability in retail supply chains means addressing their
social and economic dimensions, too. We have placed, and will continue to
place, increasing emphasis on social issues such as empowering women and
promoting worker safety and dignity (corporate.walmart.com).”

Wal-Mart can boast that
they live up to their social responsibility to some extent when it comes to the
business side and responsibility to their consumers.  They do employ over two million people of all
races, genders, etc., bring low prices to consumers, keep suppliers in business
and donate to charity regularly (McGraw-Hill, 2014).  However, this does not make up for the fact
that they do not usually run an ethical corporation.  Their employees are often forced to work more
than the law requires and their suppliers are often cheated out of money they
deserve (McGraw-Hill, 2014). 

     Wal-Mart also provide a sustainability
statement that reads:

“Working with others, we
aspire to reshape the way we work to achieve significant and lasting
improvement in environmental and social outcomes, in a way that also improves
our business. Our approach accelerates us towards our three aspirational goals:
to create zero waste, operate with 100% renewable energy and sell products that
sustain our resources and the environment. We are using our strengths to not
only further work in our own operations, but to also help create a more
sustainable value chain (corporate.walmart.com).”

Wal-Mart can also boast
about living up to their sustainability statement to some extent.  They are well known for keeping up with the “going
green” trend.  They do strive to reduce environmental
impacts and provide more affordable and healthier products (corporate.walmart.com).
 However, their treatment of their employees
is very well known.   

     Wal-Mart needs to address issues that has, and
will, hurt them in the long run.  They need
to fix the problem within their company and then work on the other issues.  Wal-Mart should focus on improving their employee’s
hours and pay.  They do promote from within,
which is good, but their employees today work long hours for minimal pay.  In order to keep growing, Wal-Mart needs to build
a stable community starting from within.

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