Walmart
Role of ethics and compliance
Compliance and SEC Regulations
Evaluation of financial performance
Trend of ratios and financial health
Wal-Mart Stores, Inc. (WMT) is an American publicly traded retail stores corporation. The operations of Wal-Mart are divided into three segments, namely the Wal-Mart International segment, Wal-Mart U.S., and the Sam's Club segment. Sam Walton was the founder of the company whereby Wal-Mart is the world's largest retail stores chain. Based in Bentonville, Arkansas, the U.S., Wal-Mart U.S. is the largest business segment of the company that accounts more than 60% of the total business of Wal-Mart. With operations in more than 14 countries internationally, 25% of the business is related to Wal-Mart International. With more than 2 million employees, the company has subsidiaries such as Asda, Sam's Club, Walmex, and Seiyu Group. The main business operations of Wal-Mart are conducted through hypermarkets, supermarkets, superstores, supercenters, warehouse clubs, discount stores, and cash & carry stores. Wal-Mart's 2011 and 2012 revenues were $418.952 billion and $443.9 billion respectively (Annual Report, 2011; Annual Report, 2012).
The main rationale of this report is related to describing the role of ethics and compliance in the financial and corporate reporting of Wal-Mart. This paper will also describe the procedures that Wal-Mart adopts to ensure ethical behaviors within the organization and communities where it operates. This paper will also analyze company's performance during fiscal years 2011 and 2012 while key financial ratios such as current ratio, debt ratio, and return on equity will also be reported. These key financial ratios will help assess the future performance of Wal-Mart with respect to recent economic challenges that large scale retailers face in the recessed economy of the U.S. And Europe. This will be used to evaluate the financial health of Wal-Mart.
Role of ethics and compliance
Wal-Mart is the world's largest private employer and manages largest retail store network in the U.S. And abroad. This earns the company high recognition for its services as a private employer but there are many challengers as well. The company has to maintain ethical behavior both within and outside the organization. Wal-Mart is one of the few organizations that have effectively managed its ethical aspect of operations and organizational development. The company issues...
Brief History and Background Sam Walton founded Wal-Mart and quickly grew the company by offering goods at the lowest prices. The stores were originally smaller than the stores of today, and focused in rural areas of the South that were otherwise underserved by retail stores. The current Wal-Mart model emerged by the 1980s as a large format store selling a wide range of consumer goods. The company would later extend its
Wal-Mart's Annual Report: The role of ethics and compliance in a business can be described as the link between the business environment and the three levels of the organization or business. These levels are the macro level, which is the national or global context of the business, the institutional level that entails the ethics that characterize a company, and the individual level ie. personal ethics in an organization. In the
China, India, and Nigeria have all had difficult relations with the West. But the examples of Bank of America and Wal-Mart show that a nation can put the past behind, if there are sufficient economic incentives to do so, and if the existing organization capitalizes on local strengths, such as a need for jobs, profitable wages for both the local population and the outside organization, and the desire for foreign
free markets perspective, examine the ethics and morality of 'let capitalism rip' allegation made by British Prime Minister David Cameron. (Guide: 750 words) The competence or incompetence of free markets and the implications of resource allotment to agents in an economy continues to be a passionately debated topic within economic and political circles. "In reality, markets are prone to inefficiencies when a number of factors arise" (Mendes, n.d.). A key
Business Finance "The Commission" refers to the Securities Exchange Commission, which is the primary governing body for financial markets. "The Board" is the Public Companies Accounting Oversight Board. The SEC oversees the Board. The SEC therefore approves the rules that the Board writes and implements, the SEC appoints the people who run the PCAOB and the PCAOB is accountable to the SEC. The PCAOB is a board, of people, appointed by the SEC. The
The Price-Sensitive Affluents, Wal-Mart has learned (Wal-Mart Annual Reports) is more interested in finding an exceptionally good deal and not necessarily concerned about the shopping experience. This is particularly true as one of the strongest factors influencing the execution of their strategy, the emerging global recession during this timeframe, takes hold. Again as with the Price Value Shopper and the paradoxical purchasing patterns of the Brand Aspirational segment show,
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