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Presented By: Phillip Dyer, Courtney Gappmayer , Ryan Green, Jaimie King, and Morreen Klement. Inside View. History. 1962 – Walmart founded in Rogers, AR 1969 – Incorporated as Walmart Stores, Inc. 1970 – Open to the public 1990 – Nation’s leading retailer
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Presented By: Phillip Dyer, Courtney Gappmayer, Ryan Green, Jaimie King, and Morreen Klement
History 1962 – Walmart founded in Rogers, AR 1969 – Incorporated as Walmart Stores, Inc. 1970 – Open to the public 1990 – Nation’s leading retailer 1991 – Company opened internationally in Mexico 1999 – World's largest private employer 2003 – World’s largest grocery chain
Present-day Walmart • On average, Walmart serves over 176 million • 7000 facilities in 13 countries • Net sales for 2011: $419 billion "The two most important words I ever wrote were on that very first sign, 'Satisfaction Guaranteed.' They're still up there and they have made all the difference." -- Sam Walton, Founder of Walmart
Issue Defined • 2/3 of Walmart employees are women. • Only 10% are store management. • Betty Dukes took a class-action discrimination case all the way to the supreme court. • For the lack of promotions and raises. • Case Involved 1.6 million female employees. • Case was disqualified.
Alternatives • Create a pay equity • Consider more women for promotions
Issue Defined • Thomas Coughlin • Board of Directors member • Hunting and travel buddy of founder Sam Walton. • Forced to resign • Stole as much as $500,000. • Asked a subordinate to approve an expense without receipts.
Alternatives • Create strict separation of powers • Run extensive background checks for executives
Issue Defined • Lack of meal/rest breaks • Tampering with overtime
Alternatives • Obey the law • Create a policy for overtime • Create a system for projected overtime report
Issue Defined • Roads, parking, and traffic flow • Decrease in green • One Walmart = 25 acres
Alternatives • Plan a distance to limit stores in city limit • Pay for better road system and replacement of green used
Issue Defined • Cost burden on suppliers • Moving companies overseas • Suppliers rely on Walmart for large orders • Expanding their market share • Taking over delivery to its distribution centers • Lower own costs, raise everyone else’s
Alternatives • Lessen restrictions on suppliers • Stop switching suppliers once chosen
Issue Defined • Unnecessary Walmarts • Special secret Walmart planning team • Stealing customers • Abandoning when objective complete • Keeping potential buyers at bay
Alternatives • Environment - Team seeks out buyers for the abandoned locations • Goal of finding a buyer within 1 year of abandonment • Philanthropy - Walmart donates and invests necessary materials into converting abandoned sites into Tornado Shelters
Issue Defined • Over 240 product recalls since 1984 • Walmart’s willingness to sell deficient products • Products can injure or harm customers
Alternatives • Increase quality control internally • Increase quality assurance from suppliers
Issue Defined • No representation for employees • Walmart controls all employment negotiations
Alternatives • Introduce company-wide union for all employees • Enforce all existing unions and enable employees to elect their own unions
Recommendations • Gender discrimination • Create a pay equity • Leadership • Create strict separation of powers • Treatment of employees • Urban Sprawl • Plan a distance to limit stores in city limit
Recommendations • Suppliers • Lessen restrictions on suppliers • Abandoned Walmarts • Team seeks out buyers for the abandoned locations • Recalls • Increase quality control internally • Unions • Introduce company-wide union for all employees
Hey, WalMart? Do the Right Thing.