The Wal-Mart Effect

1090 Words3 Pages

“Our competitors are better because Wal-Mart exists” stated by the chief financial officer of Wal-Mart. Wal-Mart is a retail store, which provides groceries, electronics, household appliances, and high quality items to consumers. The retail chain has made a household name within every house by selling products all over the world at a bargain price. Wal-Mart’s strength and pace of growth contributed to a retail store in every city and state across America. Wal-Mart is a powerful conglomerate, which contributes to businesses and people on a global scale through supporting the economy, creating jobs, and bettering the lives of millions. Wal-Mart is a place where millions of consumers shop daily. When people shop at a huge retailer such as Wal-Mart it is evident to see they are helping the economy by keeping the largest retail chain in the nation for business. Wal-Mart supports the economy by having supercenters all around the globe, which creates stores, jobs, income, and profits. A chain of events occurs which benefits the economy, and betters the lives of millions. Wal-Mart “has opened an average of 16 new super centers a month for five years.” [Fishman.Pg 3] The growth rate of the company is substantially higher than any other company in the world. Wal-Mart helps factory workers and companies by providing mass amount of job opportunities. Stated from the passage of Wal-Mart effect by Fishman: “It reaches deep inside the operations of the companies that supply it and changes not only what they sell, but also changes how those products are packaged and presented, what the lives of the factory workers who make the products are like it even sometimes changes the countries where those factories are located”[Fishman.pg2]. The excerpt f... ... middle of paper ... ...ought revolutionizing education to the industry by cutting net losses, increasing profits, and going green which benefits the environment. The retail chain makes the capitalism look glorious. Through all the actions which the store has made have been capitalistic, yet it shows people that capitalism is needed to improve our economy and create jobs. From the intense competition, which creates, supply and demand to the creation of millions of jobs. Are you persuaded now that Wal-Mart is beneficial to our society? Works Cited 1. Pfeffer, Jeffrey. "Human resources from an organizational behavior perspective: Some paradoxes explained." The Journal of Economic Perspectives 21.4 (2007): 115-134. 2. Fishman, Charles. The Wal-Mart Effect: How the World's Most Powerful Company Really Works-- and How It's Transforming the American Economy. New York: Penguin, 2006. Print.

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