...Outline for Informative Speech PRESENTOR ARIFA SHAHID TITLE TELECOMMUNICATION Specific Purpose: To inform my audience about the AT&T’s contribution to telecommunication. Thesis Statement: AT&T’s innovative development of the transatlantic radiotelephone and communication satellite changed communication and inspired new inventions that would shape the future of the world. INTRODUCTION I. Attention Getter: The first time I came to the United States, I was so excited to share the beautiful sceneries with my family that I mailed a postcard back home from New Jersey. I was looking forward hearing their comments that I checked every time when I called home if the postcard had arrived. But the answers were always no. However, after I had been back home for a whole week, I found the “fresh” postcard actually just arrived in the mailbox. After viewing the pictures I took, the postcard wasn’t that impressive to my family as I imagined which was really disappointing. II. Credibility Statement: As one of the millions of users of the transatlantic telecommunication service, I am grateful to those who contributed to it. Not only me, but governors, business managers, and academic scholars speak highly of the telecommunication system, because it gives us a better chance to expand our horizons. III. Relating to the audience: Have you checked out the free courses that DEVRY University recently uploaded? Have you heard about the news...
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...Mrs. Bailey Speech-2 8 January 2014 Bibliography Carney, Timothy P. "Increasing the Minimum Wage Favors Megastores Like Wal-Mart." The Minimum Wage. Ed. Noah Berlatsky. Detroit: Greenhaven Press, 2012. Opposing Viewpoints. Rpt. from "Wal-Mart, Costco Back Minimum Wage That Could Hurt Small Rivals." Washington Examiner 20 Apr. 2007. Opposing Viewpoints in Context. Web. 16 Dec. 2013. De Coster, Karen. "Wal-Mart Benefits Americans." Ethics. Ed. Laurie DiMauro and Tina Grant. Detroit: Greenhaven Press, 2006. Opposing Viewpoints. Rpt. from "The Case for Wal-Mart." www.mises.org. 2003. Opposing Viewpoints in Context. Web. 16 Dec. 2013. Longo, Don. "Wal-Mart Supports Communities." Are Chain Stores Ruining America? Ed. Kirsten Engdahl. Detroit: Greenhaven Press, 2007. At Issue. Rpt. from "Fighting a Bad Rap: Wal-Mart's Positive Contributions to Retailing and Local Communities Are Often Overlooked by Sensation-seeking Press and Special Interests." Retail Merchandiser (2004). Opposing Viewpoints in Context. Web. 16 Dec. 2013. Longworth, Richard. "The Urban Poor Need Supermarkets, Not Urban Agriculture." Urban Agriculture. Ed. Nancy Dziedzic and Lynn Zott. Detroit: Greenhaven Press, 2012. Opposing Viewpoints. Rpt. from "Forget Urban Farms. We Need a Wal-Mart." Good Inc. 2011. Opposing Viewpoints in Context. Web. 16 Dec. 2013. Vedder, Richard, and Wendell Cox. "Wal-Mart's Anti-Union Business Model Is Good for Workers." The Wal-Mart Revolution: How Big-Box Stores Benefit Consumers...
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...Walmart’s trucking Division Scale and Operation: Wal-Mart was founded on Sam Walton’s principle and ideals to bring products to the consumers in a way that mean they could offer their products to the consumers for cheaper than other retailers. This led to them creating a retail giant over the next forty years. In the early 1970’s Wal-Mart became the one of the first companies to use a centralized distribution center for their stores. When they started this practice they knew they would need a trucking fleet for years to come and made the decision to own their own private fleet. Along with great success comes turmoil and hard times. Wal-Mart’s came in the early 2000’s when there was a lot of public criticism about their business practices which included being sexist, strong-arming the little guys, and not having fair working conditions for their workers who were not allowed to join or create a union. There was also a growing movement within corporations around the world towards going green and having more sustainable business practices. On this note Lee Scott offered his famous speech in 2005 to the consumers, investors, and people around the world. His speech “21st Century Leadership” he laid out a three part plan for becoming a prominent player in sustainable business. These three parts included being supplied by 100% renewable energy, creating zero waste, and selling sustainable products in their stores. Currently, Wal-Mart owns a private trucking fleet that employs over...
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...adequately balance suitability, and company performance. By 2015, Target goals are to have achieved its goals and continue its success as a sustainability organization throughout communities by bringing together different programs, and enhancing the communities. Wal-Mart's Sustainability Strategy According to Plambeck and Denend (2011), Wal-Mart chief executive officer Lee Scott and president made a speech to 1.6 million employees from 6,000 retail stores, and 60,000 suppliers. The purpose of the speech was to discuss Wal-Mart launching a steadily business sustainability strategy to decrease the impact on the international environment (Wal-Mart's Sustainability Strategy, 2011). The company goal was also to become a competitive and innovative global company. Although the company was profitable, it was not exclusive. Wal-Mart strong desirable goals were to restore more than 99% of energy, develop no waste campaign and selling products that support the company resources and environment. References Mohan, Anne Marie (2010), Target Announces Company-Wide Sustainability Goals http://www.greenerpackage.com/corporate_strategy/target_announces_company-wide_sustainability_goals Plambeck, Erica; Denend, Lyn (2011), Wal-Mart Sustainability Strategy...
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...Shelby Kueser Dan Cramer Speech 201 September 18, 2010 The High Cost of Low Price Specific Purpose: To persuade my audience that by shopping at wal-mart you are contributing to the discrimination against women, racial minorities, and the job loss of the American people. Central Idea: By shopping at wal-mart you are encouraging the continuance of gender discrimination, racial discrimination, unsupportive pay scale, and the outsourcing of American jobs by the closing of small businesses. Introduction I. Wal-Mart leads you to believe that they are an equal opportunity employer, while white men fill the majority of management positions. II. Wal-Mart states that they are one of the top paying employers with full-time benefits, yet the majority of their employees are keep under part-time positions. III. Many small businesses are forced out of business due to false price-cutting by Wal-Mart. (Transition: Wal-Mart can hurt the people it comes in contact with in many ways, including its own employees, starting with the women.) Body I. Wal-Mart is currently involved in the largest class-action lawsuit in history. A. 1.5 million women are suing Wal-Mart for gender discrimination in management hiring practices. i. Started with 6 women suing Wal-Mart in 2001. B. In its 6-5 ruling, the 9th Circuit U.S. Court of Appeals said the world’s largest private employer will have to face charges that it pays women less than men...
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...Wal-Mart: Is There a Downside to Going Upscale? Published: June 14, 2006 in Knowledge@Wharton [pic][pic] [pic] [pic][pic][pic][pic] Share this Article [pic][pic]After saturating its target market of working class, bargain-hunting consumers, Wal-Mart is ratcheting up its low-price strategy to appeal to more upscale shoppers by expanding its merchandise lines to include organic foods, better wines, high-end consumer electronics and new fashion-oriented apparel. It's an approach that carries some risk, say Wharton faculty and analysts, but that is dictated by intense competition and the lack of other opportunities for growth. The changes come as Wal-Mart -- the world's largest retailer with annual sales of more than $300 billion -- has struggled with slowing growth and rocky transitions internationally as well as into urban areas of the northeastern United States. In a speech at the company's annual meeting this month, Wal-Mart chief executive Lee Scott outlined elements of the strategy and quoted Wal-Mart founder Sam Walton: "You can't just keep doing what works one time. Everything around you is always changing. To succeed, stay out in front of that change." Wooing the Baby Boomers Read More About... india, china, innovation, retail, supply chain Articles Follow the Sun: Predicting Population Growth in the U.S. Knowledge@Wharton Citigroup and Coca-Cola: Two Global Investors Share Their Experiences in Emerging Markets Knowledge@Wharton Are Emerging Markets...
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...on the Paper “Wal-Mart under Attack” • Why does Lee Scott, CEO, felt the need to present the Wal-Mart social responsibility commitment to the public? “At Wal-Mart, we do not really see it as philanthropy or CSR or the Triple Bottom Line. All of those approaches have merit and can have an impact…….. As businesses, we have a responsibility to society. We also have an extraordinary opportunity. There is no conflict between delivering value to shareholders and helping solve bigger societal problems.” Lee Scott, President and CEO, Wal-Mart Stores, Inc. National Retail Federation January 12, 2009. Since Lee Scott announced the company’s environmental goals, on “21st Century Leadership speech”, that included: to be supplied 100% by renewable energy; to create zero waste; and to sell products that sustain natural resources and the environment; there has been a constant effort toward being “green”. With the constant organized criticism regarding the Wal-Mart “way” of operating and their unsustainable growth model. A new and required position towards the Triple Bottom Line needed to be taken and the most important thing they required to make a big thing about it, make it public. Come on, they are the biggest company on the world, they are subject to lots of envies and/or disapprovals, and customers are changing the point of view regarding Wal-Mart. Even the media has had his share on criticizing Wal-Mart, on September 15, 2004, Wall Street Journal declared “Wal-Mart, because of its...
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...When Sam Walton opened the first Wal-Mart in Rogers, Arkansas in 1962, he never expected his discount store to ever become the nation’s No. 1 retailer. In May of 1971, after being officially incorporated as Wal-Mart Stores Inc., Wal-Mart began selling shares as a publicly-held company and its stock experienced its first 100% split, at a market price of $47. By 1990, Wal-Mart had become the nation’s No. 1 retailer and by the end of the decade, the largest private employer in the world, with 1.14 million associates. Soon after, H. Lee Scott Jr. was appointed as the third CEO of Wal-Mart Stores Inc. In 2005, Scott introduced the company’s new commitment to bring environmental sustainability into its business and passed his success onto his replacement as president and CEO, Mike Duke, on February 1, 2009. Today, Wal-Mart has 7,800 stores and club locations in 14 different markets, employing more than 2 million associates, and serving more than 176 million customers a year. Wal-Mart is a public corporation that runs a chain of large department stores. Three business subsidiaries comprise Wal-Mart’s operations: Wal-Mart Stores, Sam’s Club, and Wal-Mart International. The nine retail formats of the company include “supercenters, food and drug stores, general merchandise stores, bodegas (small markets), cash and carry stores, membership warehouse clubs, apparel stores, soft discount stores and restaurants” (p. 17). Studies show that the customer base for discount retailers has been...
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...Wal-Mart and the Chinese Market Kristen Dawdy International Business Instructor Kip Roddenberry October 18, 2015 Wal-Mart and the Chinese Market Wal-Marts biggest reason for entering the Chinese market is because it was a way to receive products at a cheaper rate, allowing the price of the products to be lower. Wal-Mart is known for having low prices, and the Chinese market is what makes this possible. If they were to purchase their items from a country that charged them more, then the consumers who shop at Wal-Mart would be paying double of what they pay now. It all breaks down to supply and demand. “Wal-Mart has operated in China for 16 years. According to its web site, Wal-Mart “opened its first Supercenter and Sam’s Club in Shenzhen in 1996.” By March 2012, it ran Supercenters, Sam’s Clubs, and Neighborhood Markets in China. Its footprint then included “370 units in 140 cities in 21 provinces and four municipalities.” And Bloomberg reported that as of October 2011, Wal-Mart’s China sales totaled $7.5 billion” (Cohan, 2012). Sixteen years is a long relationship for Wal-Mart and the Chinese market, and it has been proven to be worth it for both of them. Everything Wal-Mart has done has proven to be an advantage for the company. They have over 4,000 stores worldwide, and over 3,000 of those are supercenters. The supercenters bring in the most money because it allows people to shop for multiple categories of items without having to go to another store. This is what...
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...WAL-MART’S CURRENT STRATEGY INTRODUCTION Wal-Mart operates more than 11,000 retail units under 69 banners in 27 countries and e-commerce websites in 10 countries. (Wal-Mart.com) They employ 2.2 million associates around the world; 1.3 million in the U.S. alone. Wal-Mart provides general merchandise: family apparel, health & beauty aids, household needs, electronics, toys, fabrics, crafts, lawn & garden, jewelry and shoes. Also, the company runs a pharmacy department, Tire & Lube Express, and Photo processing center as well (www.Wal-Mart.com). When Sam Walton created Wal-Mart in 1962, he declared that three policy goals would define his business: respect for the individual, service to customers, and striving for excellence (www.Wal-Mart.com). Wal-Mart's corporate management strategy involves selling high quality and brand name products at the lowest price. In order to keep low prices, the company reduces costs by the use of advanced electronic technology and warehousing. It also negotiates deals for merchandise directly from manufacturers, eliminating the middleman. This paper will analyze Wal-Mart's current strategy and challenges. In addition, I will discuss the threats and challenges facing Wal-Mart currently, priorities set by Wal-Mart CEO Lee Scott. I will also discuss the proposals outlined in the “Supplemental Benefits Documentation: Board of Directors Retreat FY06,”the result of the Board Benefits Strategy document leak, Wal-Mart initiatives from...
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...Wal-Mart Sustainability Strategy “Given the fact that Wal-Mart customers generally are unwilling to pay a premium for environmentally friendly products, how is the company deriving business value from its sustainability strategy, or if not, how can it ensure that it does?” Wal-Mart launched a sustainability strategy to dramatically reduce the company’s impact on the global environment and become “the most competitive and innovative company on the world”(Denend, L.(2007)).I believe the decision to launch a sustainability strategy was a brilliant move for the company because it takes advantage of the opportunity to significantly increase Wal-Mart’s reputation, thereby increasing consumer loyalty and profits in the long-run. Through this strategy, not only would Wal-Mart benefit, but the global environment as a whole. Wal-Mart responded to public concerns of the company’s global environmental impact by contracting a nongovernmental organization (NGO) to research the issue. The Union of Concerned Scientists (UCS) compiled data regarding the impact in five areas: 1) greenhouse gas emissions, (2) air pollution, (3) water pollution, (4) water use, and (5) land use. From this research came Wal-Mart’s sustainability strategy. The company began to develop goals and objectives to reduce their impact on the environment (Denend, L.(2007)). During the process of developing goals and objectives, the organization’s culture shifted from an internally focused culture...
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...The Key to Wal-Mart's Success The Key to Wal-Mart's Success The Key to Wal-Mart's Success In 1962, San Walton founded Wal-Mart in Roger, Arkansas. "As in all things, in our people practices, we take to heart our core belief to strive for excellence. That means constantly looking for ways to improve, whether it's connecting executive compensation to diversity goals or improving the supplier application process. Improving these vital relationships is key to a better Wal-Mart and a better world" (People, n.d., ¶2). The key to Wal-Marts success can be attributed by the way management evaluates performance through motivation, ethics, and conflict management. Applying Motivational Principles Sam Walton had a vision for building a business and four decades later Sam's vision became a successful reality. Wal-Mart's associates have enabled the organization to become the largest retailer in the world consisting of "2,700 Wal-Mart stores, 495 SAM's Clubs and 1,150 international stores currently in operation" (Divisions, n.d., ¶1). Sam's dream of a global retailer also became a reality by meeting the needs of customer's worldwide. The secret to the Sam Walton's success is attributed to the rules and principles that are used to run the organization. Sam Walton used 10 motivational principles or otherwise known as Sam's Rules for Building a Business. The rules have helped the organization focus on the principles used for four decades and are factors of the company's success...
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...Suggestions Walmart needs to adjust to the Chinese market, while leveraging its source of competitive advantage. This requires a delicate balance. At the US, the brand Walmart is associated with low price rather than quality. In China, where everyone is going for low prices and providing low quality to do so, Walmart’s own brand could be an assurance for low prices but with quality by making the Walmart name about more than just retailing. The suggested strategy in the 2008 Walmart supplier meetings shows that it’s heading in that direction (Business Week). This also follows Gome’s strategy of renaming its suppliers to their own brand (Business Week), but goes beyond it as the foreign brand in China is already associated with higher reliability and quality assurance. This actually holds true in China were retailers do a better job of enforcing supplier quality than the local regulations. With that, Walmart is still able to use its expertise and knowledge in supplier negotiation and distribution system to keep costs down. Although Walmart is a Joint-Venture, the sources do not mention any attempt to leverage the local partner to meet the local market, which seems the opposite to some other joint ventures discussed like Danone and Wahaha. Working together with the local partner to understand where and how the local regulations can be used or adjusted for Walmart’s success and gaining a stronger hold of the potential customer’s heart might help Walmart’s growth and dominance in...
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...Dollar General MBA 7000 Business Policy and Strategy March 14, 2012 Indiana Tech Introduction and Overview Dollar General’s CEO, Cal Turner Jr., said, “Our customer doesn’t buy until she absolutely has to – she’s that stretched. Our agenda has to be to do everything we possibly can to be responsive to her needs. This is why Dollar General’s executive vice president for operations and merchandising, described the company’s customers as: “Our customers are salt-of-the-earth people who are savvy about spending money because they have to be. They have to balance their checkbooks every day, at least mentally.” (Appendix 2) So to me that displays why Dollar General has flourished during these past years even during the economic challenges in United States, Dollar General understands the target customers they are looking to attract. Therefore, internally the company must meet government regulations of health care coverage to meet upcoming government standards and expansion of the company globally while being consistent and not straying off its aggressive business growth plan in the United States can increase the company’s share of the market not just locally but globally, while increasing the company sales and awareness thereby increasing its position even more so in the industry. Dollar General serves the mid to lower income households with annual incomes of less than $50,000. (Case) Dollar General has the largest appeal to large families, low income, fixed...
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...Sam Walton Made in America My Story by Sam Walton with John Huey BANTAM BOOKS NEW YORK• TORONTO• LONDON• SYDNEY• AUCKLAND This edition contains the complete text of the original hardcover edition. NOT ONE WORD HAS BEEN OMITTED. SAM WALTON: MADE IN AMERICA A Bantam Book/published by arrangement with Doubleday PUBLISHING HISTORY Doubleday edition published June 1992 Bantam edition/June 1993 Photographs without credits appear courtesy of the Walton family. All rights reserved. Copyright© 1992 by the Estate of Samuel Moore Walton. Cover photo copyright© 1989 by Louis Psihoyos/Matrix. Cover design by Emily & Maura Design. Library of Congress Catalog Card Number: 92-18874. ISBN 0-553-56283-5 Published simultaneously in the United States and Canada Bantam Books are published by Bantam Books, a division of Bantam Doubleday Dell Publishing Group, Inc. Its trademark, consisting of the words "Bantam Books" and the portrayal of a rooster, is Registered in U.S. Patent and Trademark Office and in other countries. Marca Registrada. Bantam Books, 1540 Broadway, New York, New York 10036. PRINTED IN THE UNITED STATES OF AMERICA OPM 31 30 29 28 27 26 25 24 23 Contents Acknowledgments 4 Foreword 5 1 Learning to Value a Dollar 9 2 Starting on a Dime 14 3 Bouncing Back 25 4 Swimming Upstream 33 5 Raising a Family 44 6 Recruiting the Team 50 7 Taking the Company Public 58 8 Rolling Out the Formula 68 9 Building the Partnership 77 10 Stepping...
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