The Wal-Mart Effect

Wal-Mart's chief financial officer said, "Competitors are better because Wal-Mart exists." Wal-Mart is a retail store that provides consumers with foodstuffs, electrical goods, home appliances, and high-quality items. The retail chain gives household names to all households by selling products at low prices all over the world. Wal-Mart's strength and growth rate lead to retail stores in various cities and states in the United States. Wal-Mart is a powerful conglomerate that contributes to companies and people around the world by supporting the economy, creating jobs and improving the lives of millions of people.

Charles Fishman explains in his book The Wal-Mart effect that Wal-Mart is more than just a store, big company, or phenomenon. It's so wonderful that I touch the lives of billions of people around the world. Wal-Mart has expanded its international development and is building stores in various countries. Wal-Mart affects not only suppliers and customers, but also the workers in that country and the life of the economy. "Wal-Mart is global and forms the work and living of people who make toys in China, salmon growers in Chile, or people sewing shirts in Bangladesh.Therefore Wal-Mart is a globalization globalization We are strongly influenced by the company.

Fishman's "Wal-Mart effect" is primarily driven by the popularity of Wal-Mart, but its main weakness is that it can not make a deeper evaluation of the long-term impact of Wal-Mart effect on consumers. First, the benefits of Wal-Mart for consumers are not long-term, but Fishman did not talk about this topic. In addition, Fishman does not provide a commercial and sociological framework, but it also shows Wal - Mart 's view on most parts of society and how Wal - Mart looks at its consumers.