Business and Society Ethics Sustainability

Question: Discuss about the Business and Society for Ethics Sustainability. Answer: Introduction: In 1994, Wal-Mart started operations as a company and it is considered one of best retailing companies in America. Small scope stores have impacted the retail shops of Wal-Mart in North America. Yet, in my viewpoint, the company can endure and flourish against opposition. The competition is created by the development of small size stores. All products and services are provided at reasonable prices in Wal-Mart as compared to the other big stores and market. In this era of competition and internationalization, Wal-Mart sells all products at cheaper prices. The consumers are getting awareness on daily basis because of boosting costs and they would prefer to buy high quality products at lower prices. All inventories and materials are purchased in Wal-Mart at lower prices because of extensive quantity (Carroll and Buchholtz 2012). However, small stores may not purchase in huge size as they have limited capital. Wal-Mart fulfills all the desires and expectations of customers and it has bec ome its goodwill. Cloths, electronic material, furniture, and other products are provided extensively by Wal-Mart to its clients. This provides Wal-Mart an advantage and circumference over its rivals. Wal-Mart is dependent on inclusive planned database. All stores are positioned in main areas which is strongly suitable for its consumers. These aspects will assist Wal-Mart in near future too. The company has strong attractiveness to appeal all types of customers. The policy and strategy executed by Wal-Mart is also exceptional. The company will be prosperous and productive in near future because of huge resources and capital as compared to small sized stores. In case Wal-Mart made little square footage stores, it can be a complex activity for the company. Huge resources and capital are required for investment and setting up new business. It is goodwill of Wal-Mart that it provides extensive quantity of products at reasonable costs. All types of products are available in stores for all types of customers. Establishment of new stores require huge times and energy. The company has to make completely new strategies and polices. Execution of new strategy is also complex task. The cost of products will increase due to purchase of limited sources (Thompson, 2010). Another cause behind this is that whole city is previously populated and flooded. So it can be complicated for the shops to recover various expenditures and charges of starting business near famous centers of cities. The attainment of profits can be difficult as well. Providing the inadequate home commodities is completely against the main concept of Wal-Mart. Individuals like to purchase their needed commodities on one trip. They prefer to save their precious time. Purchasing all types of products from one store is preferred by people as they can save time. So, selling inadequate amount of home commodities could not be prosperous thought. The idea of person check could be beneficial and productive for Wal-Mart as it assists in decreasing prices and charges. According to my viewpoint, small sized stores of Wal-Mart will be less prosperous and not victorious. Reference Thompson, (2010). Wal-Mart Stores Inc. in 2008: Management's Initiatives to Transform the Company and Curtail Wal-Mart Bashing. Assessed from: https://www.walmartcanada.ca/our-story Carroll, A. B., Buchholtz, A. K. (2012). Business society: Ethics, sustainability, andstakeholder management. Australia: South-Western, Cengage Learning.