Wednesday, May 6, 2020

Essay on Walmart Political Risks - 1050 Words

Wal-Mart Wal-Mart has a great history of leadership, innovation and success. The founder, Mr. Sam Walton had a vision and traveled the country studying discount retailing because he had a vision of selling quality products at a lower price. He opened his own store, Wal-Mart, in Rogers, Arkansas in 1962. Today, Wal-Mart is the largest retail chain in the world with over 9,000 stores, servicing over 176 million customers, and over two million employees in 15 countries; Mexico, Puerto Rico, Canada, Argentina, Brazil, China, the United Kingdom, Chile, Japan, Costa Rica, El Salvador, Guatemala, Honduras, India, and Nicaragua. Wal-Mart has also expanded with gas stations as well as the Sam’s Club, which opened in 1983. Mr. Sam Walton had a†¦show more content†¦Executives and employees are considered shareholders. Executives receive stock options as part of their salary and employees depend on their jobs because for many it is their main source of income. The communities where Walmarts exist are also considered stakeholders because it creates and maintains jobs for the citizens of the community. More importantly, the consumers are stakeholders because they have a stake in the success of the store. With Wal-Mart also becoming the largest grocery retail, many people rely on being able to buy groceries as well as household products at one time. Some oil companies have stakes because Wal-Mart also has contracts with some gas companies, and this is why we are able to purchase gas at some Sam Clubs stores. The process of satisfying stakeholders internationally can be a challenge for several reasons. Stakeholders would like to see a higher return on their investment, wanting additional sales and productivity. Depending on the country, employees may want more hourly wages. Society as a whole would like corporate taxes and involvement in social functions. Management must be aware of all of these various interests, considering gains may go to consumers and stakeholders at different times. International business is more difficult because each country may have different interest. Political risk can be considered the execution of political power in a wayShow MoreRelatedWalmart Is An Extraordinary Organization That Has Expanded Across International Borders1609 Words   |  7 PagesThe conglomerate goliath, Walmart, is an extraordinary organization that has expanded across international borders with soaring sales through its strategic business approaches. With 25% of Walmart’s business coming from its international operations, there was only a matter of time before the corporate giant set its eyes on the African continent. 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