Is Wal-Mart’s Mission and Vision the Same as Stakeholders? Essay Example

with a workforce that can reach up to 1.4 million people. Most of its employees are full-time hourly wage earners and make an average salary of $10.83 per hour, although this amount may be higher in urban areas.

The hourly wages of full-time workers vary across various cities, with rates ranging from $11.2 in Atlanta to $12.57 in Boston and from $11.52 in Chicago to $11.26 in Dallas.

Wal-Mart is exceptional among retail companies for prioritizing the health and wellness of its employees. This is exemplified by their provision of healthcare benefits to both full-time and part-time associates. Given the importance of healthcare in political campaigns, this level of commitment is particularly noteworthy. In fact, 92.7% of Wal-Mart's associates have access to some form of health coverage according to data from open enrollment surveys.

Wal-Mart is a major player in the private health insurance industry in the United States with over 1.1 million insured associates and family members. This success can be attributed to its strong relationships with employees and suppliers, which have helped it achieve a top position among discount retailers. Wal-Mart is committed to improving all aspects of its merchandise while holding suppliers to high standards.

Wal-Mart's approach to staying in business centers on meeting customers' desires for superior goods at affordable rates through the use of influence. The corporation remains dedicated to its mission and objectives while pursuing this goal, and if a supplier is unable to meet their pricing demands, Wal-Mart will look for other options. In promoting sustainable development, Wal-Mart strives to have a positive effect on the neighborhoods where it does business by encouraging economic growth and taking environmental concerns into account when

deciding on store locations.

Wal-Mart prioritizes supporting the local community by volunteering and donating to charitable organizations, exemplified by its donation of $296 million towards various causes in the US in 2007. Additionally, employees and customers contributed an extra $106 million through company-sponsored programs. This level of involvement aligns with community development goals and demonstrates how Wal-Mart stores can benefit both their served communities and suppliers.

According to the perspective of internal stakeholders, joining the Wal-Mart Empire provides prospects for a career and various perks accessible through the enterprise. Wal-Mart's mission statement and three fundamental beliefs create a sense of belonging for their employees, enabling them to envision achieving their individual and economic objectives as part of a larger team.