TITLE

The Wal-Mart Effect and a Decent Society: Who Knew Shopping Was So Important?

AUTHOR(S)
Fishman, Charles
PUB. DATE
August 2006
SOURCE
Academy of Management Perspectives;Aug2006, Vol. 20 Issue 3, p6
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The phrase "The Wal-Mart Effect" has made its way into the culture as a shorthand for the range of effects resulting from Wal-Mart's way of doing business. A megacorporation with sales that consistently rank it as the number-one or number-two publicly traded company in the United States and in the world, Wal-Mart has impacted wage rates, prices, and economies on a local, national, and global scale. It is arguably the world's most important privately controlled economic institution. It not only has no rivals, it actually influences the prices set by its suppliers and has often seemed impervious to challenge, let alone accountability. Many of the most basic and most urgent questions about Wal-Mart, those at the core of a public debate over the "Wal-Mart Effect," go unanswered. Wal-Mart's own 40-year history of absolute secrecy, including forbidding its suppliers to talk about their relationship with Wal-Mart, has only deepened the mystery of its impact. Answering the questions is vital--not just to understand the impact of Wal-Mart but to understand the behavior and impact of all kinds of megacorporations emerging in the global economy.
ACCESSION #
21903477

 

Related Articles

  • Dancing with a Giant: The Effect of Wal-Mart's Entry into the United Kingdom on the Performance of European Retailers. Gielens, Katrijn; Van de Gucht, Linda M; Steenkamp, Jan-Benedict E.M; Dekimpe, Marnik G // Journal of Marketing Research (JMR);Oct2008, Vol. 45 Issue 5, p519 

    The authors examine the value-destroying and value-enhancing effects of a giant player's foreign entry on incumbents operating in that region. They use Wal-Mart's entry into the United Kingdom, through its acquisition of Asda, as the empirical context. Drawing on the marketing, strategy, and...

  • Wal-Mart's Impact on Supplier Profits. Huang, Qingyi; Nijs, Vincent R; Hansen, Karsten; Anderson, Eric T // Journal of Marketing Research (JMR);Apr2012, Vol. 49 Issue 2, p131 

    Previous academic research on the expansion of dominant retailers such as Wal-Mart has examined implications for incumbent retailers, consumers, and the local community. Little is known, however, about Wal-Mart's influence on suppliers' performance. Manufacturers suggest that Wal-Mart uses its...

  • CAUGHT IN THE SQUEEZE? Facenda, Vanessa L. // Retail Merchandiser;May2004, Vol. 44 Issue 5, p20 

    Focuses on the views of several suppliers, regarding the pressure retailer Wal-Mart puts on its suppliers in order to provide its customer with everyday low prices in the U.S. Accusations made by former Wal-Mart supplier executives against Wal-Mart; Discussion on the blame put on Wal-Mart for...

  • Highs and lows. Joyce, Kathleen M. // Promo;Jan2004, Vol. 17 Issue 2, p6 

    Introduces several articles related to marketing published in the January 2004 issue of the journal "Promo." Recapitulation of developments in 2003; Prices in Wal-Mart Stores; Promotion of Jim Nelson.

  • Retailer Absorbs In-Store Lessons.  // MMR;7/23/2012, Vol. 29 Issue 11, p122 

    The article reports that Walmart Stores Inc. has returned to its everyday-low price (EDLP) strategy after the failure of its stock-keeping unit (SKU)-reduction program under the Win, Play and Show merchandising initiative.

  • Wal-Mart: Good or Evil? Tierney, John; Krugman, Paul // New York Times Upfront;4/24/2006, Vol. 138 Issue 13, p18 

    Analyzes the economic and societal impact of Wal-Mart Stores on the U.S. as of April 2006. Role of Wal-Mart in alleviating welfare program-dependent citizens by providing them jobs; Average hourly rate given by Wal-Mart to its employees; Action taken by Maryland legislators to force Wal-Mart to...

  • North Dakota proposes gasoline price bill.  // National Petroleum News;Mar2005, Vol. 97 Issue 3, p13 

    Reports that the North Dakota Senate Transportation Committee has started debating a bill that would prevent big businesses, such as Wal-Mart, from selling gasoline below cost, according to the "Bismarck Tribune." Fears by gasoline-station owners about losing due to competition from Wal-Mart.

  • Wal-Mart's healthy proposal. Sinclair, Mary-Jane; Collett, Frederick J.; Plunkett, Rich // Workforce Management;Dec2005, Vol. 84 Issue 14, p81 

    Several letters to the editor in response to articles and topics in previous issues including Behind the Wal-Mart Memo, in the November 7, 2005 issue, global competition decreases wages and benefits, and payment approach in health care are presented.

  • Does Good Marketing Cause Bad Unemployment? Shugan, Steven M. // Marketing Science;Jan/Feb2007, Vol. 26 Issue 1, p1 

    Questionable methods for increasing nominal wages reduce real wages (i.e., buying power) by creating inflation, shortages, lower quality, and long-term unemployment. To increase real wages (i.e., the ability to buy more), economic principles prescribe increasing productivity (i.e., greater...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics