The Wal-Mart effect and business, ethics, and society

Deskripsi

The rise of Wal-Mart has produced a number of effects that many commentators find surprising. The author argues that understanding Wal-Mart illuminates a large gap in the understanding of business organizations. However, it is suggested that what a recent observer calls "the Wal-Mart effect" (Fishman 2006) can be better described as "the stakeholder effect." If one can understand Wal-Mart with a stakeholder context, then it is possible to see what is wrong with the current understanding of business, what went wrong at Wal-Mart, and what the company is currently doing to make things right.Printed Journal