Connect with us

Business

Wal-Mart – Analyzed Inside Out; The Truth; The Good, The bad, And The Ugly

Published

on

truth about WalmartThe store which sells product at a low price attracts a lot of customers. But no one thinks what makes Wal-Mart sell products at such low prices. They sell cheap quality Chinese products.

Earlier, the Chinese had to find a market for their cheap quality imported goods; now they have a supplier in Wal-Mart. It’s the people of America who suffer the wrath. They have to work at unbearable low wages, do overtime without being paid, and forced to stay silent when inspection is being done or else they lose their job.

Wal-Mart has also been accused for giving employment to a large number of illegal immigrants, who work at late nights secretively and face allegation of over $11 million. They even have not been paying their employees for the extra hours they work for. Wal-Mart also has lawsuits in 31 different stated across USA for age an hour abuses involving hundreds and thousands of workers.

The low wage given to the employees has led the workers to take public assistance to be able to afford basic amenities like health care, and education for their children. Imagine the distress caused to the employees when they work night and day knowing that they will still need public assistance. Wal-Mart costs taxpayers a whopping $1,557,000,000 to support its employees.

On the other hand, the Wal-Mart CEO Lee Scott claims that they keep in mind the welfare of their employees. As a matter of fact they have a funding program called “CRITICAL NEED FUND” that allows employees to donate from their pay check to help their fellow employees in times of crises like a fire or a tornado. In 2004 Wal-Mart employees donated over $5,000,000 in the fund and WALTON family, the owner of Wal-Mart, donated $6000, keeping in mind Walton family is the richest family in USA worth $102 billion. Adding to that, WALTON family has given less that 1% of their Wealth in Charity, whereas Bill Gates has given 58%.

Wal-Mart has not only been a misery to their employees but also to the local businessmen. There are families who have been running a hardware store for 3 generations, knowing a great deal about the products they are selling, providing good quality products. The business of these people crashed with the coming of Wal-Mart to the locality. Wal-Mart provides cheap quality products at low prices which allures a large number of people. They wouldn’t mind having a salesman at a hardware section knowing nothing about hardware.

Not even this, when the employees of Wal-Mart think of making a union for their own welfare, anything and everything is done to kill the campaign. This can be seen looking at the following figures

$7,000 ANTI-UNION CAMERA PACKAGE per store

$30,000 UNDERCOVER SPY VAN per store

$100,000 24-HOUR ANTI-UNION HOTLINE

$7,000,000 rapid response team with CORPORATE JETS

Amidst all that bad there are people who are aware of what a Wal-Mart store can turn your area into and thus they held anti-WALMART campaigns which finally led the court to accept the people’s plea. The likes of Chandler, Arizona and Inglewood, CA are some of such places where people thought that being a part of democracy; they can take power and take control. Even a community voting was done in Inglewood, CA to approve or not to, the construction of a Wal-Mart on their property which followed a court’s order to stopping them from setting up the store. People of the USA have shown that LOW PRICE IS NO EXCUSE to sell anything they want.

Ashish Hasija is a passionate writer who writes interesting articles on various topics. you can read his blog here http://ashish-hasija.blogspot.com/

Use your ← → (arrow) keys to browse

Sanskar Shrivastava is the founder of international students' journal, The World Reporter. Passionate about dynamic occurrence in geopolitics, Sanskar has been studying and analyzing geopolitcal events from early life. At present, Sanskar is a student at the Russian Centre of Science and Culture and will be moving to Duke University.

Continue Reading
Comments

Business

How To Make Business Life So Much More Favourable

Published

on

If you have a business or you’re heavily considering starting a business, then you’ll know all about the perils and the difficulties that will come with it all. While it seems like such a wonderful idea from the outside looking in, it’s actually something that can really take its toll on you if you’re not prepared enough both mentally and physically. 

You’ll always be looking for ways to make business life an awful lot more convenient. The idea in this game is obviously to work hard as you never get anywhere without a serious commitment. You’ll really want to focus on working smart, however. Hard work for no reason is foolish when you have much better ideas and techniques staring you in the face. Business life can be a real hassle if you get things wrong and have to go through laborious days. Here are just a few ways to make your days, weeks, and months a lot more favorable for you: 

Get The Right People Around You  

Who you share your time with in business matters so much. If you have all of the wrong people, then you could be on a downward slant over the next few years. If you have good people with the right attitude and intentions, then you’ll likely become a lot more successful. In terms of using the right people, we’re talking about networking, hiring staff, bringing in specialists, soliciting advice, and so many other areas. Business is an interpersonal game, so make sure the right groups and individuals work with what you’re trying to achieve. 

Embrace Technology A Lot More Than Perhaps You Are Right Now 

If you’re already someone who wants to milk every platform they have, then this idea won’t worry you too much. There are so many pieces of ai powered software around that will help you with what you’re trying to achieve. Analytics, ads, management, and so many other areas can be bolstered with good programs. 

Set Up Genuine Plans With Achievable Goals 

This sort of goes without saying because you’ll likely have plans for the tasks ahead. This is more the idea of creating more structured plans for areas that are perhaps freer and less structured. Setting goals for everything you do can lead you to understand more about what needs to be done. It also gets everyone even more motivated. 

Take Care Of The People Working With You 

In terms of those you’re with, you’re going to need to treat them properly. It’s amazing what can happen if you neglect how they feel and the work they put in. The best leaders will always hone in on each individual and check in with them. 

Outsource Certain Jobs That Are Tedious

Sometimes, there are particular tasks that – although they need to be done – take up lots of unnecessary time and stress. If you are outsourcing admin, for instance, it makes life a lot easier for you as you all can focus on the productive and progressive side. 

Prev postNext post
Use your ← → (arrow) keys to browse

Continue Reading

Business

Current Trends in Business That Every Entrepreneur Should Work Towards Achieving

Published

on

buy-a-business

The world of business is changing and with it the trends that entrepreneurs should be working towards. Entrepreneurship has become a lifestyle as opposed to just a paycheck. With an entrepreneurial mindset, you can do anything. Check out these current trends in business that every entrepreneur should work on achieving:

E-Commerce

E-commerce has been a significant trend for the past few years, and you can expect it to continue being so. E-commerce has multiple benefits, including increased revenue, high availability of products, and a more significant customer base.

E-commerce allows businesses to be present on all digital platforms, which helps them reach out to more customers quickly. In addition, it makes it easier for companies to reduce overhead expenses as there are no physical stores that have rent costs associated with them or inventory levels that need maintenance constantly. Statistically, e-commerce has grown rapidly in the past few years from 25% – 30% year on year.

Financial Apps and Software

The software aspect comes into play when considering how businesses manage their finances moving forward. Companies must adapt to technology. Otherwise, they will find themselves left behind by competitors who embrace emerging technologies such as cloud computing and mobile apps. It is also easier to make purchases using these apps and communicate with the sellers. Incorporating such software with equipment and partnerships with a payment processing company will diversify the business activities and set you up for expansion.

These apps allow them to move away from traditional forms of financial management such as spreadsheets and accounting software to financial management apps such as Xero. With these new apps comes the ability to monitor business finances from anywhere, which can help businesses grow faster than what they would ordinarily be able to manage with slower conventional processes.

Blockchain Tech

Blockchain tech is the current trend in business that every entrepreneur should work towards achieving. You can apply this technology to many different industries, and entrepreneurs need to find their niche within this growing market. It’s also critically important not to overlook blockchain tech when deciding which cryptocurrency or token you want your company associated with.

Both positive and negative factors are involved in choosing one solution over another, but it all comes down to finding what works best for each situation. For example, today’s most valuable aspect of blockchain tech is its promotion of secure transactions between parties while eliminating third-party transaction fees (or at least significantly reducing them).

It means that businesses operating on a global scale could potentially enjoy significant savings in maintaining financial records. Transparency is also an important selling point for blockchain tech. The decentralized nature of its design makes all transactions public and easily accessible by anyone who has access.

Fraud and Cyber Crime

Another current trend that every entrepreneur should work towards achieving is fraud and cybercrime. In today’s modern world, the internet has brought the business community closer together as it allows you to reach a global market from almost anywhere with an Internet connection. Unfortunately, this means those who want to take advantage of this have access to millions of more potential customers, making it easier for fraudsters to steal money from unsuspecting victims.

Businesses that are not careful can fall victim to several types of cybercrime, including phishing, spoofing, pharming, and identity theft. These crimes are increasing at an alarming rate as more people use the internet for business purposes which means scammers often target them.

Conclusion

Today, business is becoming increasingly challenging. The traditional ways of doing things don’t work anymore, and it’s time for entrepreneurs to adapt to stay relevant within the industry. However, the industry itself is evolving rapidly, and it’s challenging to keep up with the changes that are happening every day. Fortunately for you, this post is here to help you understand the current trends that every entrepreneur should work towards achieving.

Use your ← → (arrow) keys to browse

Continue Reading

Business

Employee Training and Development Becomes One of the Most Disruptive Megatrends That Is Shaping the Future of Work

Published

on

Employee training

There is no question about the effectiveness of employee training and development. It’s incredibly important to help your staff advance their skills and knowledge to help grow a business, but the impact of employee learning has often been understated and even neglected. However, companies are now suggesting that employee training and development is one of the biggest megatrends that have completely transformed the future of work. It has overhauled how businesses should be developing and engaging with employees, and it’s leading to an incredibly diverse and talented workforce that is capable of wonderful new things.

Part of the problem of employee training and development is that it’s difficult to measure its impact on the workplace. Employee performance often isn’t a quantitative measurement that is easy to read and link to their output. This is one of the reasons why the effectiveness of employee training and development has been questioned by management experts.

Thankfully, new strategies have been developed to help measure workplace learning and its impact on companies. Below, we’ve included a helpful infographic that covers some of the most important measurements, such as return on investment and how it is calculated in the context of employee learning and development. It should put the effectiveness of employee training into perspective and will help you better understand when training is needed and how development actually improves your business and its productivity.


Infographic by: Ezra Coaching
Use your ← → (arrow) keys to browse

Continue Reading

Trending