CMC BUS 115 - The Wal-Mart Effect (7 pages)

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The Wal-Mart Effect



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The Wal-Mart Effect

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Lecture Notes


Pages:
7
School:
Colorado Mountain College
Course:
Bus 115 - Introduction to Business

Unformatted text preview:

The Wal Mart Effect 5 Chapters 9 Epilogue Chapter 9 Wal Mart the Decent Society The question of how to assure that American capitalism creates a decent society is one that will engage all of us in the era ahead Wal Mart CEO H Lee Scott 01 14 19 BUS 115 Introduction to Business 2 Wal Mart Customer Attitudes Wal Mart customer attitudes Champions Enthusiasts Conflicted Rejecters Second most important group of customers conflicted actively dislike the stores 01 14 19 BUS 115 Introduction to Business 3 Is Wal Mart Good or Bad Wal Mart is something utterly new Wal Mart is carefully disguised as something ordinary familiar Wal Mart plays by the rules 01 14 19 Are the rules antiquated Are the rules from an other era Has Wal Mart outgrown the rules and we are just noticing BUS 115 Introduction to Business 4 The Wal Mart Conversation Before the invention of the car there was no need to devise rules for automobiles National conversation about Wal Mart 01 14 19 Priorities Values What kind of country this is What kind of country it s going to be A conversation about power and competing visions of the future BUS 115 Introduction to Business 5 The Wal Mart Conversation A conversation about power and competing visions of the future 01 14 19 Do we value cheap merchandise more than good factory jobs Do we value convenience more than charming main streets with local shopkeepers Do we value the freedom of a business to decide more than the responsibility of a local government to safeguard the shape and character of a town In a democracy do we want a single company to have the reach and power that Wal Mart has Do we value the rules of economic fair play as they are written now more than our ability to recognize and manage a totally new kind of economic power BUS 115 Introduction to Business 6 Early 20th Century Trusts Wal Mart Standard Oil U S Steel accumulated power on behalf of themselves and their executives to hell with everyone else Weren t permitted to survive Wal Mart has the



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