Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Competition between target and walmart
2 views of corporate social responsibility
Important of ethics in decision making
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Competition between target and walmart
This paper should explain how Wal-Mart and Target shows a social responsibility of success and the other socially responsible that have failed. The two organizations are quite similar top retailers and competitors in business. The distinction between the two organizations will help determine the strength and weakness of being socially responsible in business. Target Target remains the second largest retailer that falls behind Wal-Mart when it comes to profit in sells. Even though Wal-Mart is the largest in retail, Target has a more successful social responsibility to employees, consumers, and in communities. One of the important factors in being socially responsible for success in business is building a strong standard of ethics for staff …show more content…
and employees to follow. Target first starts off by building a good reputation and relationship with employees. The main focus is to treat employees with respect, fairness, and have good moral standards. Target has a better reputation for letting employees’ time off for personal needs and time with family than Wal-Mart. Although some believe that Target isn’t much different from Wal-Mart when it comes to hourly wages it is no different.
Target sales associates actually get paid lower than Wal-Mart employees. The benefits are not so good for employees more so for management at Target. When it comes to socially responsible Target has a major different perspective from Wal-Mart organization. The bottom line is Target doesn’t get backlash or protestors complaints about lower wages or benefits. The distinction between Target and Wal-Mart are more so about a lower price. Target advantage over Wal-Mart lower prices is that consumers have a chance to save cartwheel five dollar gift cards. When a consumer purchases certain items of the week at a certain amount in return receives a cartwheel gift card is given to be used towards the next purchase. Another advantage every time a consumer used Target credit card for purchase they receive a five percent discount. For some, believe that Target products are priced higher but have better products and online services for consumers as …show more content…
well. Target and Wal-Mart are similar retailers but have a different way of helping consumers save money. The only difference between Target consumers help save money is that when consumers purchase certain items and at a certain amount consumers get back something in return. Target products are higher, popular, and have a better selection of buyers in the brand of products for consumers than Wal-Mart. Also, with most Target stores have an eatery spot and Starbucks consumers can go to before or after shopping. Overall, the prices of products are higher but Target in some way does give back to consumers. Wal-Mart Wal-Mart is one of the largest top competitors of retailers in the worldwide.
Unlike Target, Wal-Mart has many stores all over the United States and internationally. Although Wal-Mart is well-known for the most successful retailers it is also well known for most failed of being socially responsible. Unlike Target, Wal-Mart focuses more so on profits of selling products. Wal-Mart has gained much success over Target by low-cost and customer satisfaction policy. Even though Wal-Mart had made it to overnight success there are also many weaknesses when it comes to ethical standards to live up to. The reputation of Wal-Mart has failed far behind Target. Wal-Mart has grown to fail in socially responsible of employees being mistreated. Many of the employees of Wal-Mart have been working long hours with hardly a day off, lower wages, and benefits taken. Unlike Wal-Mart, a Target employee is in a better working environment and conditions than Wal-Mart. The obligation of being socially responsible for business to succeed is to run a business up to good ethical
standards. The distinction between Wal-Mart over Target is that the stores are largely sized known as a supercenter. Wal-Mart has made the supercenter as a one-stop shop. Most of the supercenter stores consist of grocery, shopping clothes, household products, home, eatery section which is McDonald’s, and even an auto center. Some of the smaller Wal-Mart stores are in close proximity to the neighborhood are called the Marketplace Wal-Mart. The marketplace mainly has groceries and household products. Wal-Mart has really a long ways to go when it comes building their reputation. One of the ways Wal-Mart is similar to Target are the wages and benefits have still much to prove. Another important aspect, if Wal-Mart doesn’t practice ethical standards it can potentially destroy the business. Wal-Mart should mainly focus on the business working hard to showing that the business is socially responsible for conducting business in an ethical manner than more so than making profits. Conclusion The many concerns of denying employees healthcare benefits and low wages have raised questions about both organizations on how they conduct business. All businesses have a social responsibility to ensure employees get healthcare benefits for the well-being of their employees. Not having benefits pose a major impact on families. Even though the cost of healthcare benefits has increased over the years organizations should still find a better way for employees can afford healthcare benefits. The fact that both organizations are one of the largest retailers that bring in millions of dollars a year off of sells employees have rights too and should not be mistreated. Enforcing good ethical standards and procedures are important for an organization to follow to set an example of fairness and righteous behavior towards workers to behave the same. All business should have a good reputation to show workers and consumers they are not just in it for a profit but doing business in an ethical manner. Most successful business stays in business when running a business in an ethical manner. Although both organizations are similar Target has the upper hand on socially responsible than Wal-Mart. Wal-Mart has a way to go due to the fact of lacking weakness in the area of not meeting up to ethical standards. Wal-Mart has a social responsibility to the workers, families, and the communities to improve their reputation by practicing good ethical behavior. The standard practice of ethics proves to have morals, values, and a belief of doing what is right has a positive effect on business and for employees. Most importantly, Wal-Mart still has much more to improve than Target and still needs to understand the importance of business ethics when conducting business.
As I have outlined in the charts below, there are various similarities and differences between Wal-Mart and Target. Wal-Mart is Target’s primary competitor, and vice versa. Wal-Mart has a strong market presence in its global markets and has a diverse range of products and services that are affordable and available in stock. Target, on the other hand, does not have a strong market presence or efficient product supply; however, Target’s physical environment and innovative products further the brand’s image and value. Unfortunately, Target and Wal-Mart are both e-commerce laggards with major competitors such as Amazon. Target faces complications with their pricing strategies and their product availability, which hinders their strength when competing
Unlike Walmart which has tapped into other businesses such as retailing fuel, Target has not tapped into businesses such as financial services and fuel filling stations among others
Target Corporation is committed to conducting business lawfully and ethically. Each team member is obligated to act at all times with honesty and integrity. Target complies with international, federal, state and local laws and regulations related to our business.
But Wal-Mart’s care for us goes beyond that simple relationship. As many of us have seen if we have been to a Wal-Mart, they hire people who normally would not be able to get a job. The company knows that by broadcasting itself as positive and helpful in nature it can increase its revenue and in turn increase the amount of assistance it provides to us the consumer. “In 2004 Wal-Mart donated over $170 million. More than 90 percent of these donations went to charities in the communities served by Wal-Mart stores.’ Even more heartfelt than this, Wal-Mart was the leader in goods based relief efforts for victims of hurricane Katrina. “Walmart’s response to the hurricane was lauded even by its critics: it donated more than $20 million worth of merchandise, including food for 100,000 meals, and it promised jobs for all of its displaced workers.” And the first supply truck to arrive at the superdome was a Wal-Mart truck.
Wal-mart is currently the world’s largest company. It has seen continuous growth and financial success since it was founded in 1962. Today it is living off of a previous reputation of solid ethical business practices that are no longer being exercised. Sam Walton, the founder of Wal-mart, was considered to be “freakishly cheap… Cost-cutting was an obsession in the Wal-mart culture… on business trips, everyone, including the boss, flew coach, and hotel rooms were always shared.” (reclaimdemocracy.org. 2006). This was only part of the reason for Sam Walton’s success.
In conclusion, I agree with the noted shortcomings of Wal-Mart. But, I don't think people can argue that it's unethical to shop at Wal-Mart, that anyone who shops at Wal-Mart is unethical or believe it is ethical to point the figure at those who do shop at Wal-Mart. I suggest everyone first check their values and then their investments, and they'll discover they probably are supporting Wal-Mart, a company they believe is evil, via 401Ks or mutual funds.
In other words, it wants to offer lower prices than a competitor like Target in order to drive foot traffic and sales. Wal-Mart has been effective in its quest, but Target has an edge in one area, and it 's an area that has the potential to grow. Target 's secret weapon is its REDcard. For Target customers using the REDcard, Target is actually cheaper than Wal-Mart. This is because Target REDcard members save 5% on most purchases. Plus, Target REDcard members visit the store more often and buy more items. Target is also offering free online shipping for REDcard members, which has led to significant online penetration. Wal-Mart has the edge, but not when you include Target 's
Corporation has is to increase profits for its stockholders. Through a utilitarian perspective, we can see that Wal-Mart is acts in a way to product the greatest possible balance of good over dissatisfaction for their stockholders. Wal-Mart upholds the fiduciary duties to their stockholders by not increasing wages of their employees, instead they take the sum of money and return it back to their stockholders and shareholders such as customers and suppliers. Wal-Mart creates the happiness for the amount of people who invest in the company. Ethics is about the consequences of an action and the consequence of Wal-Mart’s actions creates the greatest amount of good for the people who are the primary stockholders of the corporation.
1. The Discount Department Store. Target prefers to be called as the latter instead of just department store. Expect more, pay less. With this tagline, the customers expect to purchase more items and pay the least amount possible. Not like other retail industries like its competitor Kmart and Wal-Mart, Target maintains retail value in terms of product offerings. They are known in their designer’s items in clothes, exclusive beauty products, categorized and functional goods, and seasonal offerings. It also sells the greatest number of gift cards among its rival business.
Walmart has had a long-standing presence in America society since the middle of the 20th century, seen as a place to get everything done, Walmart has become a fixation in our society. From grocery shopping, to changing your oil and even filing your annual tax returns, Walmart is always there, everyday. Started by Sam Walton in 1962, it began as a small operation catering to a small Arkansas community. It was started on principles very similar to small local businesses in small towns. Today Walmart has gotten a different, darker reputation. On the surface, Walmart may seem like the solution to everyday issues. Low-income families are attracted to the low prices, and people who work odd hours benefit greatly from the 24 hours a day that many Walmarts are open. Lately, Walmart has also managed to be publicly recognized as a store that sells many of today’s green products, including organic food, environmental conscious cleaning products, as well as, paper products made from recycled paper. However, underneath all this, Walmart has a different side. Exploitation of its workers is widespread amongst Walmarts who do not belong to a union, especially in the United States. Wal...
Wal-Mart is now operating globally, and its main vision is for additional global expansion of operation and "promotion of ownership of ethical culture" to all of its stakeholders worldwide (www.walmartstores.com). The idea of Wal-Mart’s vision on ethical culture is key in globalization. Wal-Mart has had good reputation and competitive advantage worldwide because it has been able to embrace culture and diversity in its operations across nations. In promoting ethical culture, Wal-Mart helps its customers and stakeholders to take the right decisions and to do the right thing.
Definitely, it should be noted that in most cases, we can only dream of purchasing good quality products for a reasonable price. In this regards, I would like to quote Brian Manning, “it’s good to search for the cheapest rate and to buy from the company that guarantees the lowest rate instead of seeking out the provider that is going to offer the best value. “You don’t go to Walmart to buy a Rolex or a Ralph Lauren polo… You go to Walmart for one reason: to get the cheapest priced product”. That sounds logical. On the contrary, it is extremely illogical to expect that the Target’s customers will be ready to purchase low quality products for a high price. It was one of its main business development mistakes; especially taking into consideration that Target started under very favorable circumstances. It purchased the lease agreements of up to 220 Zellers stores for C$1.825 billion . As it stated in The Globe and Mail, “Target inherited leases from Zellers that already came with rents well below market prices, averaging $6 to $7 a square foot, compared to going rates close to $20”
McDonalds’ corporation is a leader in the fast food industry. Nonetheless, the corporation website has some drawbacks I terms of detailing the company’s social responsibility statements. As opposed to Starbucks, which delineates in a more precise manner its social responsibility statements, McDonald’s does not show its commitment in a clear way. Here are some of the aspects that were impressive when analyzing Starbucks business ethics and compliance standards of business conduct booklet.
While keeping in mind they are a business which rely on profits. Walmart is a popular company that is known for their low prices. This corporation is also known for giving back to communities by making charitable contributions of 100,000 grants annually, as well providing disaster relief to various countries burdened by disasters and donated $100 million dollars to neighborhoods and law enforcement agencies. They also provide employees with college grants to obtain a two or four year college degree, Walmart is investing in their employees by giving them an advantage in their future. Walmart has also found ways to reduce waste by creating materials that are nontoxic and are recyclable friendly. With the use of sustainability, strategic philanthropy, causing marketing, shared values and stakeholder that is why this company was ranked number one by Forbes list in
On the Target website, it is stated that their mission is to, ”…fulfill the needs and fuel the potential of our guests. That means making Target your preferred shopping destination in all channels by delivering outstanding value, continuous innovation and exceptional experiences—consistently fulfilling our Expect More. Pay Less.® brand promise” (Target Corp). It has 1,799 stores in the United States alone and has locations in India. In 2014, they made $72.6 Billion. Similar to Wal-Mart, Target sells household essentials, apparel, groceries, pet supplies. health, beauty items, home furnishing, entertainment, and electronics. Both also have their own branded items to sell at a lower price than the commercial brands, and each corporation also has a