An examination of the strategic management policies that Wal-Mart needs to implement in order to prevent further negative press.
Written in 2008; 1,142 words; 3 sources; APA; $ 39.95
Paper Summary:
This paper examines the strategic management steps that Wal-Mart must employ in order to prevent further damage to the public opinion of the retailer. The paper explains that the public does not want to support a business that practices discrimination or that practices wage withholding against employees. Therefore, as the lawsuits continue to be filed by unhappy workers, the public continues to shop elsewhere and Wal-Mart as a financial entity declines. The paper then looks at why Wal-Mart does not wish to communicate with stockholders, and how possible stockholders withdraw their consideration of investing and Wal-Mart is once again adversely impacted. The paper suggests that Wal-Mart management has an obligation to all entities to develop a means of changing the current employee discontent. The paper also points out that it is only through organizational change that this discontent can be fully understood and the policies that have led to discontent be examined effectively.
From the Paper:
"Fisk and Lochner (2005) contend that stockholders became so concerned with the claims of employees, the judgments against Wal-Mart and the decline in Wal-Mart stock that they officially requested that Wal-Mart retain a private committee that would investigate internal issues affecting workers. The findings of the committee would then be capable of being a foundation for organizational change, specifically related to management and policy matters in the company. However, the company repeatedly declined the requests of stockholders, stating that an independent committee might make determination without having all of the facts and that this situation would eventually hurt Wal-Mart more than assist with organizational change."
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