Assignment Content a 300-350-word summary of an organization (could be current or past US based employer like target or walmart) that discusses the following questions: APA format No introduction or conclusion needed Must include 2 references
This summary provides an overview of Walmart, a multinational retail corporation that has made a significant impact on the US economy and retail sector. Walmart was founded in 1962 by Sam Walton and is headquartered in Bentonville, Arkansas. The organization operates in multiple formats, including supercenters, supermarkets, and membership-only warehouses.
Walmart is known for its low prices and vast product offerings, which have contributed to its popularity and success. The company has a strong presence in both rural and urban areas of the United States, with over 5,000 stores nationwide. In addition to its domestic operations, Walmart also operates in various international markets, including Canada, Mexico, and China.
One key aspect of Walmart’s business model is its emphasis on volume purchasing and supply chain management. The company leverages its scale to negotiate lower prices from suppliers, allowing it to provide competitive pricing to customers. Walmart’s supply chain is highly advanced, incorporating technologies like automated inventory management systems and data analytics to optimize efficiency and reduce costs.
Walmart is known for its commitment to sustainability and corporate social responsibility. The organization has implemented various initiatives to reduce its environmental impact, including investments in renewable energy and waste reduction programs. Additionally, Walmart has made efforts to support local communities through job creation and charitable donations.
Despite its success, Walmart has faced criticism regarding its impact on local businesses and labor practices. Some argue that the company’s aggressive pricing strategies and expansion efforts have negatively affected small businesses, leading to closures and job losses. Additionally, there have been concerns raised about the treatment of Walmart’s workforce, including allegations of low wages and inadequate benefits.
In recent years, Walmart has taken steps to address these issues. The company has increased its minimum wage, invested in employee training programs, and expanded its benefits offerings. Walmart has also implemented measures to promote diversity and inclusion within its workforce, aiming to create a more inclusive and equitable working environment.
1. Kundu, S., & Erickson, P. (2016). Retail strategies for attracting US Hispanic shoppers: An examination of Walmart and Target. Journal of Retailing and Consumer Services, 28, 64-75.
2. Walmart. (n.d.). Our story. Retrieved from https://corporate.walmart.com/our-story
The summary provides a concise overview of Walmart, highlighting key aspects of the organization such as its business model, global presence, commitment to sustainability and corporate social responsibility, as well as the challenges it has faced. While the summary is relatively short, it captures the essential information about the company as required by the assignment.
The first reference cited, Kundu and Erickson (2016), is a journal article that examines retail strategies for attracting Hispanic shoppers, focusing on both Walmart and Target. While this reference provides valuable insights, it may not directly address all aspects of Walmart’s overall operations and impact.
The second reference is the official Walmart corporate website, which provides an authoritative source for information about the company’s history, values, and initiatives. It offers a comprehensive overview of Walmart’s story and can be relied upon for accurate and up-to-date information.
To further enhance the analysis, additional references could be included. Academic research articles, industry reports, and news articles from reputable sources would provide a broader perspective on Walmart’s organizational dynamics, market position, and social impact.
It is also worth noting that the summary could benefit from more concrete examples and specific statistics to support the claims made. For example, providing information on Walmart’s revenue, market share, or the number of employees would provide a more robust understanding of the organization’s scale and impact.
Overall, the summary provides a solid foundation for discussing Walmart’s operations and impact, while also highlighting some of the challenges and criticisms the company has faced. By incorporating additional references and specific examples, a more comprehensive analysis can be achieved.