Wal-Marts Sustainability Strategy Essay Example | Topics and Well Written Essays - 3750 words

Wal-Marts Sustainability Strategy - Essay Example This paper illustrates that Wal-Mart is one of the most successful groups with operations in 27 countries, has more than 10,000 stores with different departments and employs over 2 million people. The aim was to improve the lives of the people by saving their money while making the profit through reduced expenses and improved management. They operate as supercenters, food and drug store, restaurants, general merchandise stores, warehouse clubs, small markets, discount stores human and cash and carry stores. Its strategic management has been based on five principles: resource development, reduced expenses, online shopping services, satisfied customers and social and environmental responsibility.These have led to the rapid growth in revenue, customer base, and workforce. Like any other large international companies, there need to develop a proper management strategy to ensure the business fulfills its mission. The company employs over two million employees across the world and has been accused of violating their rights. According to Marshall, their employees went on strike in Los Angeles after several months of trying to reach out to the company’s executives with success. Prior to this strike, there was also the demonstration in other regions, with the employees complaining of low wages, health risk, and poor treatment while at work. There has been the case of a firing of workers that are actively involved in their trade union OUR Wal-Mart. OUR Wal-Mart has filed several cases on unfair treatment of the workers Such as termination, warnings or reduced working hours. Most complaints seem to be a strategy by the executives to reduce the cost of labor and eventually reducing the operational cost. The reduction in expenses is supposed to increase sales and revenue. Staff reduction can hinder proper management of day to day activities in the stores as well as in factories. Each outlet has different management and this has worsened the situation, some stores lac k proper safety facilities, do not give employment contract to their employees, and poor sanitation.