Walmart Pros And Cons

The author goes on in detail about Walmart’s employee selection process and the unique attributes they look for. Walmart looks to employee staff that will not look to unionize the company and employees that are afraid they wont be able

Olsson’s article “Up Against Walt-Mart” is an investigative reporting. Wal-Mart say “We Sell for Less” and “Everyday Low Prices”. Wal-Mart managers push the employees to the limit; they just want to see how much they can get away with without having to hire someone else. The company is the world’s largest retailer, with 4220 billion in sales, and nation’s largest private employer, with 3,372 stores and more than 1 billion hourly workers. Its annual revenues account for 2 percent of America’s entire domestic products.

In her essay “Up Against Wal-Mart,” Karen Olsson claims that the employees of Wal-Mart are mistreated. They are overworked; each has to perform a plethora of duties because their stores are understaffed. She contends that they are not paid according to their heavy work loads, causing them to be disgruntled. Her view is that they are underappreciated and underrepresented, and based on her essay, I have come to agree with her points. From the facts and first hand accounts she presents on employees of Wal-Mart, I agree with her proposition that employees are underappreciated.

Corporations are not just hurting people here in the United States, but around the world. American corporations are located in many foreign countries where laws and regulations are not strict on labor as in the US. The prices they sell their product is high compared to what they pay the worker who made it. " The Director of the National Labor Committee explains how big corporations exploit poor workers in the Third World. He gives the example of a t-shirt that costs $14.99—the workers received $0.03 an hour for their work.

When one goes to fill out a job application there are probably many thoughts running through ones’ mind. “Is this the right job for me, how much is the base pay, do they have good benefits, etc.” However not too many people take the time to do the research on the company that they are applying for. Instead they find out how great the company is or how horrible once they become apart of the company. Although there are some companies that are well known prior to people applying to them. Publix and Walmart are two well known retail companies that hold great and horrendous job standards.

This is at any cost no matter what illegal, monstrous behaviors they engage in while at work, or how charming they are in their everyday lives outside of work they as humans have morals which they should carry with them to their jobs creating a corporation based on excellent morals verses one that has all the defining characteristics of a psychopath. The government is also responsible for the actions of psychopathic corporation because they do not mandate punishments severe enough causing the corporations to follow the rules and regulations allowing for little to no punishment for cases of corporate

Companies and corporations were also held accountable for the treatment of their employees from the formation of unions by the people. Today we see that the treatment of employees has become prioritized by some businesses and the evolution of voting

At Lockheed Martin, shareholders represent a significant portion of this demographic. They are anyone who owns Lockheed’s stock and is impacted by its performance; positively when the stock rises and negatively in times of poor performance. Lockheed is concerned about its shareholders because they are entitled to earning profits from its stock as investors and owners of the company. If shareholders become dissatisfied they can change how the company is run; for example, they can replace the existing board of directors through a voting process. Consequently, Lockheed Martin’s decisions are focused on generating profit for their shareholders to increase stock valuation.

Big corporations and businesses have been thriving in America since the late nineteenth century. The definition of the term “Big business” is “an economic group consisting of large profit-making corporations especially with regard to their influence on social or political policy”(“Big Business”). Some big corporations include the steel companies, the oil companies, and the railroad industry. Some modern-day businesses include Apple and Android, and oil companies today.

Olsson shows how difficult it is to get promoted in Walmart, which contributes to her argument that Walmart does not treat their employees as they should. In addition, it shows why employees can’t have better lives because they make minimum wages for a long period, and work extra hours without getting paid for it. Olsson suggests, “he asked for a promotion, but three months later he was still doing the extra work for no extra pay” (6). Olsson’s point is that Walmart employees can’t get promoted even when they try, instead Walmart is using them and make them work harder. Increasingly during her article Olsson makes it clear that Walmart exploits their employees.

Furthermore, this paper will discuss some proposed solutions to the current ethical issues facing Walmart that could assist Walmart in its objective of continued growth in an ethical and sustainable manner. One of the major ways in which Walmart was able to grow and out compete its rivals was through its ability to provide retail goods to consumers at prices lower than competitors (Ferrell 407). Walmart ability to keep prices low is based on its ability to secure cheaply made goods from foreign manufacturers while also keeping the wages for its workforce low. The combination of cheaply made goods and a low paid retail staff means that Walmart can pass the savings to consumers which made it a popular retail shopping spot for lower to middle income Americans

It is widely known that large American companies take advantage of cheap and demeaning labor. For example, it made big news in 2010 when eighteen young Chinese workers attempted suicide at a Foxconn factory (Litzinger, 2). Instead of improving conditions after this tragedy, Foxconn installed safety nets around the factory to catch future suicides. It was later discovered that corporations such as Apple, Dell, and HP all benefited from Foxconn factories, and that every iPad and iPhone could be traced to a Foxconn factory or another small, obscure, foreign company (Litzinger, 2). This exploitation of Chinese workers living on low pay, long hours, and no rights, should be unheard of from American corporations who supply our country with goods we have come to love.

Employees can feel being trusted and excited to move in to the new position. Walmart uses employee recognition as part of their pay-for-performance compensation strategy. Walmart offers many incentives for its workers. Awards are used to recognize productivity gains, special contributions or achievements to the organization.

Certain modern corporations are "monsters trying to devour as much profit as possible,” these are known as bad apples. The system of corporations has developed throughout history to the point where it is at today. When corporations first started, they only thought of how to help the public good instead of thinking only of the profit the owners could pocket. During the Civil War, corporations grew and evolved in a way that would lay the base out for the way modern corporations go about business. Corporations used the Civil War era to gain more freedoms and rights for themselves.

A transnational corporation is a very powerful actor with a significant foreign direct investment and physical operations in two or more countries. While these corporations have always existed in the world economy, they have become even larger over the past few decades, leaving many to wonder if they are gaining too much power. As with any powerful entity, people have begun to ponder whether these corporations are villains or heroes in the world economy. For some like consumers, companies, and host-country/world economies, the global corporations are heroes. While for others, like workers in poor countries, the environment, and local businesses, they are villains.