"IS WAL-MART GOOD FOR AMERICA" Assignment

"IS WAL-MART GOOD FOR AMERICA" - Assignment Example The decline of Rubbermaid in the period of 1994 to 2004 began when price of resin increased, and Wal-mart could not afford the new prices. In addition, reductions for products in the market influenced sale of Rubbermaid assets to Newell and the subsequent loss of jobs. In response, Wal-mart attested against Five Rivers. However, the company won the case. The outcome made Five Rivers more competitive and facilitated reevaluation of import duties that resulted in increased Chinese prices. I am surprised to discover the aggressiveness of Wal-mart in production and distribution of low-cost products. Specifically, I am perplexed about the innovative ideas of global sourcing concept and how the firm manages to influence prices of other commodities in America. Wal-mart strategies are fair yet they adversely affect other producers. However, in the context of buyers the tactics avail cheap goods for everyone. It is providing a broad range of products at rock-bottom cost taking into consideration the prevailing economic situations (Boone 2012) Wal-mart should embrace a collaborative management approach and diversify its production mechanisms to balance the needs of different stakeholders and workers. Wal-mart should train and involve workers in supply chain