Sustainability Efforts in Wal-Mart - Research Paper Example

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Sustainability Efforts in Wal-Mart

According to the Fortune Global 500 list in 2013, Wal-Mart is the world's second largest public corporation and largest retailer in the world with over two million employees. The company was founded by Sam Walton in 1962 and still it is owned and controlled by the Walton family with 50 percent of its shares. It was in the late 1980s and early 1990s the company rose to be a reputed national firm by opening an array of outlets and clubs. According to the reports, Wal-Mart has 8,500 stores in 15 countries, under 55 different names like Walmex, Asda, Seiyu. Sustainability has been one of the major concerns for the company since its beginning, and now it tends to rely on suppliers to carry out its sustainability efforts. Wal-Mart in its annual Global Sustainability Milestone meeting held in Bentonville “presented nine initiatives that have raised the company’s overall sustainability index reading by 12% in the past year”. The company believes that the suppliers can do better in taking up sustainability efforts as compared to retailers. ...Show more

Summary

This paper will explore the sustainability efforts of the Wal-Mart, an American multinational retail corporation giving particular emphasis to its history of strategic success and flaws. An organization’s long term sustainability depends on the effective performance of four major functions including planning, organizing, leading, and controlling…
Author : carson32
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