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THE. EFFECT. Key & misinterpreted facts from: Charles Fishman’s ‘The Wal-Mart Effect’, 2006. MEET . The world’s largest public corporation by revenue. The largest private employer in the world. The largest grocery retailer in the USA.

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Presentation Transcript
slide1

THE

EFFECT

Key & misinterpreted facts from: Charles Fishman’s ‘The Wal-Mart Effect’, 2006

slide2

MEET

  • The world’s largest public corporation by revenue
  • The largest private employer in the world
  • The largest grocery retailer in the USA
  • The largest toy seller in America
  • Each year 93% of the American households do shopping in some Wal-Mart store at least once
  • In 2006 around 7,2 billions of people will enter some of the Wal-Mart stores
slide3

MEANWHILE

Wal-Mart was criticized by:

  • Women’s rights groups
  • Grassroots organizations
  • Labor unions
  • Community groups…
slide4

MEANWHILE

Wal-Mart was criticized for:

  • Extensive foreign product sourcing
  • Low rates of employee health insurance enrollments
  • Resistance to union representation
  • Alleged sexism…
slide5

GROWTH

  • 100 Wal-Mart stocks bought in 1970-1981 and kept for 15 years have a value of 150 000 USD
  • 100 Wal-Mart stocks bought in 1970-1981 and kept for 20 years have a value between 300 000 and 1 700 000 mln USD
  • 100 Wal-Mart stocks bought in 1981 and kept for 15 years have a value of 340 000 USD

BUT…

  • 100 Wal-Mart stocks bought in 1990 and kept for 15 years have a value of 20 000 USD

(because Wal-Mart have hired thousands of new employees)

slide6

SO SIMPLE

If you sell something at a really low price…

slide7

SO SIMPLE

Wal-Mart will sell it even cheaper…

slide8

THIS IS ROBINA AKTHER

She has worked at garment factory in Bangladesh

slide9

THIS IS ROBINA AKTHER

She has sewed clothing for Wal-Mart…

…working 12-14 hours a day

slide10

THIS IS ROBINA AKTHER

Her wage was 14 cents / hour

slide11

THIS IS ROBINA AKTHER

If she doesn’t sew 120 pants in an hour, her supervisor will beat her with the textile

slide12

THIS IS ROBINA AKTHER

If she works like this for 50 years, she will earn a total of 16 200 USD.

The Wal-Mart profit for 2005 is 19 597 USD…

slide13

THIS IS ROBINA AKTHER

If she works like this for 50 years, she will earn a total of 16 200 USD

The Wal-Mart profit for 2005 is 19 597 USD…

… in a minute.

slide18

Hristo Radichev

Hristo.Radichev@mail.bg

http://KonxOmpax.Wordpress.com