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Sociology Wal-Mart - Essay Example

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Wal-Mart is one of the few corporations offering their products at relatively low prices in the market, compared with their competitors. Perhaps, this could be a strategy to have a large number of customers. In economic circles, globalization is the major concern of most large corporations (Baylis and Smith 28). However, the market forces are unfettered, thereby making the situation more controversial and difficult to understand. Indeed, globalization has led to increase in information exchange, making the corporations to learn the people’s purchasing power (Balaam and Veseth 210). This would in turn enable the company to formulate strategies, which enable them to make profit from the vast market.
Due to globalization, most corporations would relocate to places where the cost of doing business is cheap, for example, labor, transportation, taxation is relatively low and security is guaranteed (Went 16). Primarily, this would occur in developing countries where environmental laws are weak and the corporations could generate more income from the business operations. Therefore, the research is about the reasons accounting for the high profit at Wal-Mart Corporation despite the low prices of their goods. ...Show more
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In this research, the aspect of globalization that was carefully considered and analyzed was prosperity, in which the organization formulated policies and practices, which would make sure they succeed in the business operations. It was only through ethical business practices that the company made sure they become sustainable in the free and competitive market…
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