Wal-Mart I The Company That Essay

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Employees and managers have also benefited from Wal-Mart's approach. In addition to job creation, Wal-Mart's wealth and might have allowed it to enrich the lives of its employees. For example, the company subscribes to the principles of respect for the individual, service to customers and striving for excellence, each of which allow employees to feel good about their jobs and lives.

The company's suppliers for the most part are also beneficiaries of Wal-Mart's mission. The suppliers capable of managing a high-volume, low-cost strategy benefit from the tremendous volumes that Wal-Mart offers them, which allows them the profitability to build their capacity and strengthen their businesses. Wal-Mart's mission therefore in theory is able to deliver value for all of the company's major shareholders. The strategy is predicated on strong growth that results from pleasing the customer.

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Not only does this focus the company on delivering value to the customer, but it also creates benefits for a wide range of other stakeholders as well. While these benefits are not universal, such benefits should not be expected to accrue to every consumer and every supplier. Wal-Mart has also garnered criticism for its perceived damage to the communities in which it operates, but the company argues that these claims are false. It is difficult to ascertain if the community as a stakeholder is served by Wal-Mart simply for lack of adequate, consistent measures and a lack of unbiased sources of information about the subject. Aside from these concerns, however, it is clear that Wal-Mart has become so successful in large part because its activities do meet the needs of its stakeholders.

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